Update on Stonepark Operation

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	[phone]
Jim Finn, Finance Director	[phone]
SP Angel Corporate Finance LLP Nominated Advisor & Joint Broker
Matthew Johnson/Adam Cowl	[phone]
First Equity Limited
Joint Broker
Jason Robertson	[phone]
BlytheRay	[phone]
Megan Ray
Rachael Brooks
Teneo
Luke Hogg	[phone]
Ciara Wylie	[phone]

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.

 

END

 

 

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