REG - Arkle Resources PLC - Gold Prospecting at Wicklow and Donegal

Arkle ResourcesAnnouncement

10/08/2020 07:00

RNS Number : 5608V
  
Arkle Resources PLC
  
10 August 2020
  
 

 
Arkle Resources PLC 
 
("Arkle" or the "Company")
 
Gold Prospecting at Wicklow and Donegal
 
Arkle Resources (AIM:ARK) announces that fieldwork has restarted at its Mine River and Inishowen gold projects in the Republic of Ireland.
 
In Mine River, Wicklow, the team intends to extend the soil sampling programme east along the gold trend with over 3,000 samples planned in a tight grid of 20m by 100m spacing.  Multi-element analysis using XRF technology to identify anomalies in indicator minerals, will be used. 
 
A similar soil sampling programme will be undertaken at Inishowen in Donegal, with 20m by 100m spaced sampling over the known gold veins at Meeneragh to include areas where gold bearing rock was previously discovered.  Over 500 samples are planned with potential infill sampling to follow.
 
The soil sampling programmes at both Wicklow and Donegal are due to be completed in the coming month, after which targets will be prioritised for follow up trenching and or drilling.
 
John Teeling, commented, "The long detailed review of our gold projects using fresh eyes and ideas concluded at a good time for gold. Our fieldwork has started as gold prices soar over $2,000 an oz. There is gold in Mine River and in Inishowen. This latest work will identify where best to trench and drill." 
 
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
 
 
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/Soltan Tagiev


  +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


 




Thomas Shorthall


  +353 (0) 1 661 4055


 























 


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