REG - Arkle Resources PLC - Additional Drilling on Stonepark

Arkle ResourcesAnnouncement

27/09/2022 11:00

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RNS Number : 8375A  Arkle Resources PLC  27 September 2022

 

 

27 September 2022

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Additional Drilling on Stonepark

 

Arkle Resources plc (AIM: ARK), has agreed with Group Eleven Resources Corp.
("Group Eleven"), its partner and operator of the Stonepark Project
("Stonepark"), to drill an extra hole when the current six hole programme is
completed. Stonepark is held 23.44% by Arkle and 76.56% by Group Eleven. The
hole, with a target depth between 700 metres and 1,100 metres depending on the
depth of the target horizon, will be a step out hole 300 metres to 500 metres
north of hole G11-2531-01 drilled earlier this year and announced on 16 June
2022. This hole pierced a large and prospective fault structure.

 

Group Eleven has informed Arkle that, in its view, this prospect has the
potential to host zinc mineralisation similar in style and scale to the nearby
large Pallas Green zinc deposit held by Glencore.

 

Arkle has indicated to Group Eleven that it will contribute its share of the
cost of this hole.

 

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

 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.

 

 

 

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