Gold Prospecting at Wicklow and Donegal

RNS Number : 5608V

Arkle Resources PLC

10 August 2020

 

Arkle Resources PLC

("Arkle" or the "Company")

Gold Prospecting at Wicklow and Donegal

Arkle Resources (AIM:ARK) announces that fieldwork has restarted at its Mine River and Inishowen gold projects in the Republic of Ireland.

In Mine River, Wicklow, the team intends to extend the soil sampling programme east along the gold trend with over 3,000 samples planned in a tight grid of 20m by 100m spacing.  Multi-element analysis using XRF technology to identify anomalies in indicator minerals, will be used.

A similar soil sampling programme will be undertaken at Inishowen in Donegal, with 20m by 100m spaced sampling over the known gold veins at Meeneragh to include areas where gold bearing rock was previously discovered.  Over 500 samples are planned with potential infill sampling to follow.

The soil sampling programmes at both Wicklow and Donegal are due to be completed in the coming month, after which targets will be prioritised for follow up trenching and or drilling.

John Teeling, commented , "The long detailed review of our gold projects using fresh eyes and ideas concluded at a good time for gold. Our fieldwork has started as gold prices soar over $2,000 an oz. There is gold in Mine River and in Inishowen. This latest work will identify where best to trench and drill."

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

 

 

UPDUPUAPRUPUGQM