REG - Arkle Resources PLC - Results of Annual General Meeting

Arkle ResourcesAnnouncement

27/07/2023 11:30

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RNS Number : 4366H  Arkle Resources PLC  27 July 2023

 

 

27 July 2023

 

Arkle Resources PLC

 

("Arkle", the "Group" or the "Company")

 

RESULTS OF ANNUAL GENERAL MEETING

 

Arkle Resources PLC (LON: ARK), the Irish gold and zinc exploration and
development company, is pleased to announce that at the Annual General Meeting
("AGM") held in Dublin today, all resolutions were duly passed.

 

The highlights of the presentation by the Company at the AGM are outlined
below:

 

·    Arkle has three ongoing exploration projects in Ireland, Stonepark
Zinc, Mine River Gold / Lithium and Inishowen Gold.

 

·    During 2022, on the Company's Stonepark Zinc licence block, six holes
were completed, three exploratory holes and three holes focused on the south
of the licence block close to the Carrickittle licence held by its partner and
operator Group Eleven.

 

·    The hole at Carrickittle West, on Stonepark ground, intercepted a
major zinc hosted fault structure. This suggests a high priority zinc target
at depth which will be drilled to about 900 metre depth.

 

·    Drilling at Carrickittle North, also on Stonepark ground, discovered
a zone of hydrothermal activity which is associated with large zinc deposits
like that at the nearby Pallas Green discovery.

 

·    At Stonepark, the Directors believe Arkle is seeing all the
hallmarks and indications of what could be a large scale lead zinc deposit. It
is ideally placed next to the Pallas Green Deposit and recent drilling has
identified that mineralisation is present at significant distances from the
current deposit. This would suggest an extensive mineralised system at depth.
In the recent drilling Arkle also found evidence of a major fault structure
with significant displacement. The Company notes that these large scale faults
in this geology are extremely prospective for Irish type lead zinc deposits.

 

·    On Arkle's Mine River Licences, the recent focus has been on lithium
in the pegmatites. Lithium bearing pegmatites were discovered with the best
grades in the Bunclody area. A subsequent sampling programme around Bunclody
has produced inconclusive results.

 

·   Drill ready targets have been identified on the Company's Inishowen
Donegal Gold licence. Work is expected to begin there in the immediate future.

 

·    In an additional comment, Arkle Chairman, John Teeling said that
Arkle continues to explore other project opportunities and hopes to update
shareholders in the near future.

 

 

John Teeling

Chairman

27 July 2023

 

 

Information for Editors

Arkle is a diversified exploration company with principal assets in gold, zinc
and now lithium exploration licences in 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.

 

 

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
 Megan Ray                               +44 (0) 207 138 3204

 Teneo
 Luke Hogg

 

 

 

 

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