REG - Arkle Resources PLC - Soil sampling results Mine River

Arkle ResourcesAnnouncement

09/09/2020 10:30

RNS Number : 4783Y
  
Arkle Resources PLC
  
09 September 2020
  
 

9 September 2020
 
Arkle Resources PLC 
 
("Arkle" or the "Company")
 
Soil sampling results Mine River
 
·    Soil survey identifies 5 new target areas along the gold trend at Mine River Project
·    Licences covering the target areas have been renewed
 
Arkle Resources (AIM:ARK) is pleased announce the results of the soil sampling survey at their Mine River gold project in the Republic of Ireland.  In addition, the two key licence areas that encompass the Tombreen and Knocknalour targets have been renewed.
 
Five strong gold indicator anomalies have been detected along the gold trend east of Tombreen.  A 5km squared area was surveyed using XRF handheld technology obtaining soil samples every 20m along 100m spaced grid lines.  At two of the anomalies blue quartz boulders with sulphide minerals similar to that at Tombreen were noted and collected for analysis.  Results are expected within three weeks.  
 
A further anomaly was centred around historic finds of gold bearing quartz grading up to 4.1g/t found by RTZ (Rio Tinto Zinc Corp) in the 1980s.  Two further anomalies extending south of the sample area will be followed up.  Further soil sampling will aim to expand and define these areas.  One of the anomalies trends in the same orientation as the Tombreen soil anomaly announced in July 2019 and is of a similar size.  Selected soil samples from within this main target will be analysed for gold.
 
John Teeling commented "Initial results from our ongoing work at Mine River are promising.  Sampling, every 20m, using a new technique has, to date, verified two new areas of mineralisation.  Ongoing analysis is expected to identify additional areas.  The next steps are to drill and/or trench the anomalies."
 
This announcement has been reviewed and approved by Gavin Berkenheger (CGeol) in his capacity as the Qualified Person for the purposes of the AIM Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange.
 
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


 























 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
MSCUKUKRRNUKRRR