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Arkle Resources PLC announced on 6 February 2025 that its joint venture partner and operator, Group Eleven Resources Corp (77.64% owner to Arkle's 22.36%), will focus spending on the Carrickittle West area of the Stonepark Zinc Project following a review of prospecting on the seven Stonepark licences. This decision follows the completion of three drill holes in Carrickittle West in January 2025, and two specific licences, PL2927 and PL3367, have now been surrendered.
| Date | 6 Feb 2025 |
| Time | 11:00:00 |
| Category | Miscellaneous |
| ID | 2050W |
6 February 2025
Arkle Resources PLC
("Arkle" or the "Company")
Refocus of Activities on the Stonepark Zinc Licence Block
Arkle Resources PLC (AIM:ARK), has been informed by Group Eleven Resources Corp ("Group Eleven"), operator and Arkle's joint venture partner at the Stonepark Zinc Project in Limerick ("Stonepark") (owned 22.36% by Arkle and 77.64% by Group Eleven), that following a review of prospecting on the seven Stonepark licences, spending will be focused on the Carrickittle West area in the South of the block. This is the area where three drill holes were completed in January 2025, and the Company is awaiting the results.
Two licences, PL2927 and PL3367, on the western flank of the Stonepark block have now been surrendered. These licences do not host the Carrickittle West prospect.
The Group Eleven press release can be found on its website:
https://groupelevenresources.com/news/
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 |
+44 (0) 203 470 0470 |
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Adam Cowl |
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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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BlytheRay |
+44 (0) 207 138 3204 |
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Megan Ray |
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Teneo |
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Luke Hogg |
+353 (0) 1 661 4055 |