Drilling Programme on Mine River Gold Prospect

RNS Number : 2191W
Arkle Resources PLC
22 April 2021
 

22 April 2021

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Targeted Drilling Programme on Mine River Gold Prospect

in Wicklow / Wexford, Ireland

 

Arkle is pleased to announce that diamond drilling is due to commence at its wholly owned Mine River project in Counties Wicklow and Wexford.

 

12 hole diamond drill programme will begin on Monday April 26.

Total of 1,000 metres to be drilled.

-        First 3 holes to focus on a new area 750 metres from previous discoveries where visible gold was found in recent trenching.

-          Follow up drilling along strike at Tombreen where previous drilling identified 8 metres at 4.5g/t gold.

A 1,000 metre drilling programme has been designed to follow up the Company's recent gold find at Mine River.  Visible gold was noted from one of the trenches that was dug at the end of last year, as announced on 26 November 2020.  Grades revealed an average value of 6.35g/t over a 25cm gold vein in a new location over 750 metres along strike from the known Tombreen gold locality.  Drilling will start at the new location where three holes will be drilled.  New holes are also planned along strike from the gold veins at the Tombreen area where Arkle previously identified 8 metres at 4.5 g/t. 

 

The drilling programme is fully funded and included in the 2021 budget. Drilling is expected to take 10 to 12 weeks. Core analysis will be ongoing.

 

John Teeling, Chairman commented:

 

"Last year we had very good trenching results from the Tombreen area so we are eager to drill.  The first 3 holes of 12 will target a new area 750 metres along strike from previous discoveries at Tombreen where we found visible gold in one trench.  Visible gold is a very encouraging sign.  The follow up drill holes will look to expand the Tombreen gold target along strike ."

 

 

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

 

 

Blytheweigh

  +44 (0) 207 138 3204

Megan Ray

 

Rachael Brooks

 

 

 

Teneo

 

Luke Hogg

  +353 (0) 1 661 4055

Ross Murphy

  +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
 
 
UPDEFLFLFZLEBBL
UK 100