REG - Arkle Resources PLC - Drilling Programme on Mine River Gold Prospect

Arkle ResourcesAnnouncement

22/04/2021 07:00

RNS Number : 2191W
  
Arkle Resources PLC
  
22 April 2021
  
 

22 April 2021
 
Arkle Resources PLC
 
("Arkle" or the "Company")
 
Targeted Drilling Programme on Mine River Gold Prospect 
in Wicklow / Wexford, Ireland
 
Arkle is pleased to announce that diamond drilling is due to commence at its wholly owned Mine River project in Counties Wicklow and Wexford.
 
-        12 hole diamond drill programme will begin on Monday April 26.
-        Total of 1,000 metres to be drilled.
-        First 3 holes to focus on a new area 750 metres from previous discoveries where visible gold was found in recent trenching.
-         Follow up drilling along strike at Tombreen where previous drilling identified 8 metres at 4.5g/t gold. 
A 1,000 metre drilling programme has been designed to follow up the Company's recent gold find at Mine River.  Visible gold was noted from one of the trenches that was dug at the end of last year, as announced on 26 November 2020.  Grades revealed an average value of 6.35g/t over a 25cm gold vein in a new location over 750 metres along strike from the known Tombreen gold locality.  Drilling will start at the new location where three holes will be drilled.  New holes are also planned along strike from the gold veins at the Tombreen area where Arkle previously identified 8 metres at 4.5 g/t.  
 
The drilling programme is fully funded and included in the 2021 budget. Drilling is expected to take 10 to 12 weeks. Core analysis will be ongoing.
 
John Teeling, Chairman commented:
 
"Last year we had very good trenching results from the Tombreen area so we are eager to drill.  The first 3 holes of 12 will target a new area 750 metres along strike from previous discoveries at Tombreen where we found visible gold in one trench.  Visible gold is a very encouraging sign.  The follow up drill holes will look to expand the Tombreen gold target along strike."
 
 
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 LLP

Nominated Adviser & Joint Broker


 




Matthew Johnson/Adam Cowl


  +44 (0) 203 470 0470




 


 




First Equity Limited


 




Joint Broker


 




Jason Robertson


  +44 (0) 207 374 2212




 


 




Blytheweigh


  +44 (0) 207 138 3204




Megan Ray


 




Rachael Brooks


 




 


 




Teneo


 




Luke Hogg


  +353 (0) 1 661 4055




Ross Murphy


  +353 (0) 1 661 4055




 

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