RNS Number : 2030H
Arkle Resources PLC
22 November 2022
 

 

 

22nd 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

 +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


Rachael Brooks




Teneo

 

Luke Hogg

  +353 (0) 1 661 4055



 

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.

 

 

 

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