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Arkle Resources PLC announced on 2 February 2022 that drilling commenced on 1 February 2022 at the Stonepark group of licences in Limerick. The Stonepark project is a joint venture where Group Eleven Resources Corp. holds 76.56% and Arkle holds 23.44%. The programme involves six holes totalling 2,300 metres, with the first hole at Carrickittle North targeting a depth of 750 metres and being a 250-metre step out from previous drilling.
| Date | 2 Feb 2022 |
| Time | 11:00:02 |
| Category | Corporate updates |
| ID | 4677A |
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:
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Arkle Resources PLC |
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John Teeling, Chairman |
+353 (0) 1 833 2833 |
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Jim Finn, Finance Director |
+353 (0) 1 833 2833 |
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SP Angel Corporate Finance LLP |
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Matthew Johnson/Adam Cowl |
+44 (0) 203 470 0470 |
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First Equity Limited |
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Joint Broker |
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Jason Robertson |
+44 (0) 207 374 2212 |
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Blytheweigh |
+44 (0) 207 138 3204 |
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Megan Ray |
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Rachael Brooks |
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Teneo |
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Luke Hogg |
+353 (0) 1 661 4055 |
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Ciara Wylie |
+353 (0) 1 661 4055 |