Drilling begins at Stonepark Zinc Project

RNS Number : 6355Y

Arkle Resources PLC

10 September 2020

 

10^th September 2020

Arkle Resources PLC

("Arkle" or the "Company")

Drilling begins at Stonepark Zinc Project

Arkle Resources (AIM:ARK), the Irish Gold and Zinc resources discovery company, is pleased to announce that drilling has commenced on their Stonepark zinc project ("Stonepark" or the "Project"). Stonepark is a joint venture between Arkle (23.44%) and Group Eleven Resources Corp. ("Group 11") (76.56%). Group 11 is the operator of the Project. Below is an excerpt from the press announcement made by Group 11 today.

Highlights:

· Drill program at Stonepark consists of two step-out holes, planned to total approximately 810 metres (360 metres and 450 metres, respectively)

· Holes will test extensions of the Stonepark Mineral Resource Estimate ("MRE")

· Stonepark MRE totals 5.1 million tonnes grading 8.7% zinc and 2.6% lead (11.3% combined) in the Inferred Category, located approximately one kilometre west of the Pallas Green zinc-lead deposit, with inferred resources of 45.4 million tonnes of 7% Zinc and 1% Lead.

The Stonepark project is located in the Limerick basin, in south-western Ireland (see Exhibit 1 ). Stonepark is adjacent to Group 11's 100% interest PG West project (which hosts the Carrickittle zinc prospect) and Glencore's Pallas Green project (which hosts the Pallas Green zinc-lead deposit).

John Teeling, Chairman and CEO, commented , "This is good news for shareholders. We are very well positioned in the emerging zinc province in the Limerick basin. These targeted holes are expected to grow the existing 5 million plus tonne resource."

Link to Exhibit 1. Location of the Stonepark Zinc Project (and adjacent PG West Project), south-west Ireland

http://www.rns-pdf.londonstockexchange.com/rns/6355Y_1-2020-9-10.pdf

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	[phone]
Jim Finn, Finance Director	[phone]
SP Angel Corporate Finance LLP Nominated Adviser & Joint Broker
Matthew Johnson/Soltan Tagiev	[phone]
First Equity Limited
Joint Broker
Jason Robertson	[phone]
Blytheweigh	[phone]
Megan Ray
Rachael Brooks
Teneo
Luke Hogg	[phone]
Thomas Shorthall	[phone]

 

END

 

 

DRLURRRRROUKAAR