REG - Arkle Resources PLC - Drilling Begins at Stonepark

Arkle ResourcesAnnouncement

02/02/2022 11:00

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RNS Number : 4677A  Arkle Resources PLC  02 February 2022

 

 

 

 

2 February 2022

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Drilling Begins at Stonepark

 

Arkle Resources plc (AIM: ARK) is pleased to announce that drilling has
commenced on the Stonepark group of licences in Limerick. The Stonepark
project is a joint venture with Group Eleven Resources Corp., who hold a
76.56% interest and Arkle the remaining 23.44%.

 

The first hole of a six hole programme totalling 2,300 metres began yesterday.
The hole at Carrickittle North has a target depth of 750 metres and is a 250
metre step out from previous drilling. The target is in the unexplored
southern margin of the Limerick Volcanic Complex which, it is believed has the
potential to target zinc mineralisation similar to the large nearby Glencore
Pallas Green zinc lead deposit.

 

 

This announcement has been reviewed and approved by Gavin Berkenheger (CGeol)
in his capacity as the Qualified Person for the purposes of the AIM Note for
Mining, Oil and Gas Companies issued by the London Stock Exchange.

 

 

 

 

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
 Ciara Wylie                            +353 (0) 1 661 4055

 

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