ARK.L

Arkle Resources Plc
Arkle Resources PLC - Gold Drilling Update
20th December 2023, 07:00
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RNS Number : 3665X
Arkle Resources PLC
20 December 2023
 

20 December 2023

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Gold Drilling Update

 

Highlights

 

-     Drilling completed in Donegal

-     The target vein was found in all four holes

-     220.4m drilled over four holes

 

Arkle Resources (AIM:ARK) is pleased to announce that drilling has now been completed on the Inishowen Co. Donegal gold prospect. Core has been sent for analyses and results are due by the end of January.

 

The drilling program, designed to assess the main gold-bearing outcrop was successful in the identification of vein bearing structures in all four holes and is a positive indicator of the prospect's potential.

 

Additional drill holes have been permitted, contingent on the results obtained from this phase of drilling. The success of the current drilling program opens the door for further exploration and potential expansion of the project.

 

John Teeling, Chairman, commented, "It is gratifying to resume exploration activities at Inishowen. The positive results from this drilling campaign have allowed us to trace the main vein along strike and at depth and we are now positioned to expand our understanding of the geological potential in this region."

 

 

 

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.

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

 

 

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



BlytheRay

  +44 (0) 207 138 3204

Megan Ray




Teneo

 

Luke Hogg

  +353 (0) 1 661 4055



 

Information for Editors

Arkle is a diversified exploration company with lithium exploration licences in Ireland, Zimbabwe and Botswana and gold and zinc projects in Ireland.  

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