22 Nov 2022 11:00
22nd November 2022
Arkle Resources PLC
("Arkle" or the "Company")
Stonepark Drilling Update
Arkle Resources plc (AIM: ARK), has been informed by Group Eleven Resources Corp ("Group Eleven"), the operator on the Stonepark Project ("Stonepark") that the three remaining drillholes in the original 2022 programme have been completed. Stonepark is a joint venture held 76.56% by Group Eleven and 23.44% by Arkle. Results will be announced in due course.
The additional deeper hole on the Stonepark Block, called Carrickittle West, will be drilled when permits are obtained and logistics allow.
The three completed holes were funded earlier in the year from the Company's cash resources. The Company's recent fundraising will enable Arkle to fully participate in this new high potential, but high risk, exploration drillhole.
ENDS
Enquiries:
Arkle Resources PLC | |
John Teeling, Chairman | +353 (0) 1 833 2833 |
Jim Finn, Finance Director | +353 (0) 1 833 2833 |
SP Angel Corporate Finance LLPNominated Adviser & Joint Broker | |
Matthew Johnson/Adam Cowl | +44 (0) 203 470 0470 |
First Equity Limited | |
Joint Broker | |
Jason Robertson | +44 (0) 207 374 2212 |
BlytheRay | +44 (0) 207 138 3204 |
Megan Ray | |
Rachael Brooks | |
Teneo |
|
Luke Hogg | +353 (0) 1 661 4055 |
Information for Editors
Arkle is a diversified exploration company with principal assets in gold and zinc exploration licences across Ireland. The Company currently has two 100% owned gold projects (Mine River and Inishowen) and is in joint venture with Group Eleven Resources Corp. at the Stonepark Zinc Project.
Arkle Res (ARK)