Drilling Begins at Stonepark

RNS Number : 4677A
Arkle Resources PLC
02 February 2022
 

 

 

 

 

2 February 2022

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Drilling Begins at Stonepark

 

Arkle Resources plc (AIM: ARK) is pleased to announce that drilling has commenced on the Stonepark group of licences in Limerick. The Stonepark project is a joint venture with Group Eleven Resources Corp., who hold a 76.56% interest and Arkle the remaining 23.44%.

 

The first hole of a six hole programme totalling 2,300 metres began yesterday. The hole at Carrickittle North has a target depth of 750 metres and is a 250 metre step out from previous drilling. The target is in the unexplored southern margin of the Limerick Volcanic Complex which, it is believed has the potential to target zinc mineralisation similar to the large nearby Glencore Pallas Green zinc lead deposit.

 

 

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.

 

 

 

 

ENDS

 

Enquiries:

 

Arkle Resources PLC

 

John Teeling, Chairman

+353 (0) 1 833 2833

Jim Finn, Finance Director

+353 (0) 1 833 2833

 

 

SP Angel Corporate Finance LLP
Nominated Adviser & Joint Broker

 

Matthew Johnson/Adam Cowl

+44 (0) 203 470 0470

 

 

First Equity Limited

 

Joint Broker

 

Jason Robertson

+44 (0) 207 374 2212

 

 

Blytheweigh

+44 (0) 207 138 3204

Megan Ray

 

Rachael Brooks

 

 

 

Teneo

 

Luke Hogg

+353 (0) 1 661 4055

Ciara Wylie

+353 (0) 1 661 4055

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DRLUPUQGPUPPGUP
UK 100

Latest directors dealings