REG - Arkle Resources PLC - Update on Stonepark Operation

Arkle ResourcesAnnouncement

09/08/2022 11:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220809:nRSI4256Va&default-theme=true

RNS Number : 4256V  Arkle Resources PLC  09 August 2022

 

 

 

9 August 2022

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Update on Stonepark Operation

 

Arkle Resources plc (AIM: ARK), is pleased to provide an update on the
Stonepark group of licences in Limerick. The Stonepark project is a joint
venture with Group Eleven Resources Corp. ("Group Eleven"), who hold a 76.56%
interest and Arkle the remaining 23.44%.

 

Group Eleven, who also operate the drilling programme at Stonepark, have
provided the following information:

 

·    Group Eleven have begun planning a follow up drill hole several
hundred metres north of drill hole G-11-2531-01 reported in June of this year.
This is the Carrickittle West hole which was drilled to 642 metres and the
target is a significant sized zinc deposit.

 

·    A further three holes will be drilled on the Stonepark licences
beginning in September, two holes on the Western side of the licence block and
one to the South of the block.

 

John Teeling, Chairman of Arkle, commented: "Progress is being made in
exploring the Stonepark block. The Carrickittle West hole discovered a major
fault structure with significant vertical displacement. These structures are
highly prospective in Irish style zinc deposits."

 

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.

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDUPUWCRUPPUBB