Stonepark Drilling Update

RNS Number : 2030H

Arkle Resources PLC

22 November 2022

 

22^nd November 2022

Arkle Resources PLC

("Arkle" or the "Company")

Stonepark Drilling Update

Arkle Resources plc (AIM: ARK), has been informed by Group Eleven Resources Corp ("Group Eleven"), the operator on the Stonepark Project ("Stonepark") that the three remaining drillholes in the original 2022 programme have been completed. Stonepark is a joint venture held 76.56% by Group Eleven and 23.44% by Arkle. Results will be announced in due course.

The additional deeper hole on the Stonepark Block, called Carrickittle West, will be drilled when permits are obtained and logistics allow.

The three completed holes were funded earlier in the year from the Company's cash resources. The Company's recent fundraising will enable Arkle to fully participate in this new high potential, but high risk, exploration drillhole.

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.

 

END

 

 

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