REG - Arkle Resources PLC - Stonepark Drilling Update

Arkle ResourcesAnnouncement

22/11/2022 11:00

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RNS Number : 2030H  Arkle Resources PLC  22 November 2022

 

 

22(nd) November 2022

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Stonepark Drilling Update

 

Arkle Resources plc (AIM: ARK), has been informed by Group Eleven Resources
Corp ("Group Eleven"), the operator on the Stonepark Project ("Stonepark")
that the three remaining drillholes in the original 2022 programme have been
completed. Stonepark is a joint venture held 76.56% by Group Eleven and 23.44%
by Arkle. Results will be announced in due course.

 

The additional deeper hole on the Stonepark Block, called Carrickittle West,
will be drilled when permits are obtained and logistics allow.

 

The three completed holes were funded earlier in the year from the Company's
cash resources. The Company's recent fundraising will enable Arkle to fully
participate in this new high potential, but high risk, exploration drillhole.

 

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/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

 

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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