REG - Arkle Resources PLC - Gold Drilling Update

Arkle ResourcesAnnouncement

20/12/2023 07:00

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RNS Number : 3665X  Arkle Resources PLC  20 December 2023

20 December 2023

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Gold Drilling Update

 

Highlights

 

-     Drilling completed in Donegal

-     The target vein was found in all four holes

-     220.4m drilled over four holes

 

Arkle Resources (AIM:ARK) is pleased to announce that drilling has now been
completed on the Inishowen Co. Donegal gold prospect. Core has been sent for
analyses and results are due by the end of January.

 

The drilling program, designed to assess the main gold-bearing outcrop was
successful in the identification of vein bearing structures in all four holes
and is a positive indicator of the prospect's potential.

 

Additional drill holes have been permitted, contingent on the results obtained
from this phase of drilling. The success of the current drilling program opens
the door for further exploration and potential expansion of the project.

 

John Teeling, Chairman, commented, "It is gratifying to resume exploration
activities at Inishowen. The positive results from this drilling campaign have
allowed us to trace the main vein along strike and at depth and we are now
positioned to expand our understanding of the geological potential in this
region."

 

 

 

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.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

 

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

 Teneo
 Luke Hogg                                +353 (0) 1 661 4055

 

Information for Editors

Arkle is a diversified exploration company with lithium exploration licences
in Ireland, Zimbabwe and Botswana and gold and zinc projects in Ireland.

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