Recommencement of Drilling on Stonepark Licences

RNS Number : 5997Z

Arkle Resources PLC

15 September 2022

 

15 September 2022

Arkle Resources PLC

("Arkle" or the "Company")

Recommencement of Drilling on Stonepark Licences

Arkle Resources plc (AIM: ARK), has been informed by Group Eleven Resources Corp. ("Group Eleven"), its partner and the operator of the Stonepark Project ("Stonepark" or the "Project"), that they are recommencing drilling on the Project. Stonepark is a joint venture held 76.56% by Group Eleven and 23.44% by Arkle. Three holes of the planned six-hole programme have already been completed and were announced on 16 June 2022. The next drill hole will be on PL3367, approximately 12 km southwest of the Stonepark deposit (5.3 million tonnes of 8.7% Zn and 2.6% Pb, or 11.15% Zn+Pb, Inferred category, NI43-101 compliant). 

Following completion of this drill hole, Group Eleven will resume drilling on its 100% owned projects, after which, the remaining two holes of the Stonepark programme will be completed. All drilling at Stonepark (totalling six holes and 2,300m, as previously announced) is expected to be completed by year-end.

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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