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	[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]
Blytheweigh	[phone]
Megan Ray
Rachael Brooks
Teneo
Luke Hogg	[phone]
Ross Murphy	[phone]

 

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