Gold Drilling Update

Arkle Resources PLC

20 December 2023

 

20 December 2023

Arkle Resources PLC

("Arkle" or the "Company")

Gold Drilling Update

Highlights

-     Drilling completed in Donegal

-     The target vein was found in all four holes

-     220.4m drilled over four holes

Arkle Resources (AIM:ARK) is pleased to announce that drilling has now been completed on the Inishowen Co. Donegal gold prospect. Core has been sent for analyses and results are due by the end of January.

The drilling program, designed to assess the main gold-bearing outcrop was successful in the identification of vein bearing structures in all four holes and is a positive indicator of the prospect's potential.

Additional drill holes have been permitted, contingent on the results obtained from this phase of drilling. The success of the current drilling program opens the door for further exploration and potential expansion of the project.

John Teeling, Chairman, commented, "It is gratifying to resume exploration activities at Inishowen. The positive results from this drilling campaign have allowed us to trace the main vein along strike and at depth and we are now positioned to expand our understanding of the geological potential in this region."

This announcement has been reviewed and approved by Gavin Berkenheger (CGeol) in his capacity as the Qualified Person for the purposes of the AIM Note for Mining, Oil and Gas Companies issued by the London Stock Exchange.

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.

Enquiries:

Arkle Resources PLC
John Teeling, Chairman	[phone]
Jim Finn, Finance Director	[phone]
SP Angel Corporate Finance LLP Nominated Adviser & Joint Broker
Matthew Johnson/Adam Cowl	[phone]
First Equity Limited
Joint Broker
Jason Robertson	[phone]
BlytheRay	[phone]
Megan Ray
Teneo
Luke Hogg	[phone]

Information for Editors

Arkle is a diversified exploration company with lithium exploration licences in Ireland, Zimbabwe and Botswana and gold and zinc projects in Ireland.  

 

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