REG - Arkle Resources PLC - Stonepark Drilling Update

Arkle ResourcesAnnouncement

03/07/2024 08:00

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RNS Number : 9513U  Arkle Resources PLC  03 July 2024

 

 

3 July 2024

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Stonepark Drilling Update

 

Arkle Resources PLC (AIM:ARK), is pleased to update shareholders on the
proposed drilling programme on its Stonepark licence block in Limerick Ireland
("Stonepark").

 

Group Eleven Resources Corp ("Group Eleven"), Arkle's partner and operator at
Stonepark, has announced the following programme:

 

•          The Carrickittle West Prospect extends approximately
11km along strike, spanning the Stonepark Project (76.56% Group Eleven and
23.44% Arkle) and the PG West Project (100% Group Eleven).

•        Within the Stonepark portion of the prospect, drilling will
consist of 3-4 holes totalling approx. 1,350m (hole depths of 350m to 550m).

•     Hole locations will test the margins of the southern volcanic centre
and the southwestern continuation of the Coonagh Castle Fault.

•          Drilling is expected to begin in calendar Q3 2024 and
complete by year-end.

 

Arkle is contributing its share of the costs of the programme, which is fully
funded.

 

Market Abuse Regulation (MAR) Disclosure

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

 

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                        +44 (0) 203 470 0470
 Adam Cowl
 Kasia Brzozowska

 First Equity Limited
 Joint Broker
 Jason Robertson                        +44 (0) 207 374 2212

 BlytheRay                              +44 (0) 207 138 3204
 Megan Ray

 Teneo
 Luke Hogg                              +353 (0) 1 661 4055
 Alan Tyrrell
 Fia Long
 Alan Reynolds

 

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