Additional Drilling on Stonepark

RNS Number : 8375A

Arkle Resources PLC

27 September 2022

 

27 September 2022

Arkle Resources PLC

("Arkle" or the "Company")

Additional Drilling on Stonepark

Arkle Resources plc (AIM: ARK), has agreed with Group Eleven Resources Corp. ("Group Eleven"), its partner and operator of the Stonepark Project ("Stonepark"), to drill an extra hole when the current six hole programme is completed. Stonepark is held 23.44% by Arkle and 76.56% by Group Eleven. The hole, with a target depth between 700 metres and 1,100 metres depending on the depth of the target horizon, will be a step out hole 300 metres to 500 metres north of hole G11-2531-01 drilled earlier this year and announced on 16 June 2022. This hole pierced a large and prospective fault structure.

Group Eleven has informed Arkle that, in its view, this prospect has the potential to host zinc mineralisation similar in style and scale to the nearby large Pallas Green zinc deposit held by Glencore.

Arkle has indicated to Group Eleven that it will contribute its share of the cost of this hole.

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]
BlytheRay	[phone]
Megan Ray
Rachael Brooks
Teneo
Luke Hogg	[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.

 

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