REG - Arkle Resources PLC - Recommencement of Drilling on Stonepark Licences

Arkle ResourcesAnnouncement

15/09/2022 11:00

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RNS Number : 5997Z  Arkle Resources PLC  15 September 2022

 

 

15 September 2022

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Recommencement of Drilling on Stonepark Licences

 

Arkle Resources plc (AIM: ARK), has been informed by Group Eleven Resources
Corp. ("Group Eleven"), its partner and the operator of the Stonepark Project
("Stonepark" or the "Project"), that they are recommencing drilling on the
Project. Stonepark is a joint venture held 76.56% by Group Eleven and 23.44%
by Arkle. Three holes of the planned six-hole programme have already been
completed and were announced on 16 June 2022. The next drill hole will be on
PL3367, approximately 12 km southwest of the Stonepark deposit (5.3 million
tonnes of 8.7% Zn and 2.6% Pb, or 11.15% Zn+Pb, Inferred category, NI43-101
compliant).

 

Following completion of this drill hole, Group Eleven will resume drilling on
its 100% owned projects, after which, the remaining two holes of the Stonepark
programme will be completed. All drilling at Stonepark (totalling six holes
and 2,300m, as previously announced) is expected to be completed by year-end.

 

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 Advisor & 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
 Ciara Wylie                              +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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