Arkle Resources PLC Board Changes and Operating Update (4860U)
July 29 2020 - 4:49AM
UK Regulatory
TIDMARK
RNS Number : 4860U
Arkle Resources PLC
29 July 2020
Arkle Resources PLC
("Arkle" or the "Company")
Board Changes and Operating Update
The board of Arkle (AIM:ARK) wish to announce that following the
announcement dated 24 July 2020, Patrick Cullen, previously Chief
Executive Officer, has stepped down with immediate effect. The
board would like to thank him for his commitment to Arkle and wish
him well for the future. John Teeling has taken the role of acting
Chief Executive Officer together with his role as Non-Executive
Chairman.
Gavin Berkenheger, technical advisor to the board and former
Technical Director has taken over the day to day running of the two
Arkle gold projects.
In Mine River, Wicklow, Arkle holds a strategic block of
licences covering a 15 kilometre gold bearing trend. Fieldwork will
commence shortly to refine drill targets identified in recent
work.
In Donegal earlier drilling discovered high grade gold in the
Meeneragh Glentogher area. Once ground access is obtained a soil
sampling programme will be undertaken to better define the extent
of the gold veins.
John Teeling, and Jim Finn, Finance Director, have taken control
of the Company's zinc projects. Both zinc projects are joint
ventures with our partners as operators. The directors will play an
active role on the operating boards controlling the projects. On
the Stonepark project, in Limerick, the fully funded drilling is
expected to commence during August. Stonepark is a joint venture
between Arkle and Group 11 (23.44%, 76.56%). The remaining zinc
licences, in the midlands, which are joint ventured with Teck
Resources are under review.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
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 Advisor & Joint Broker
Matthew Johnson/Soltan Tagiev +44 (0) 203 470 0470
First Equity Limited
Joint Broker
Jason Robertson +44 (0) 207 374 2212
Blytheweigh +44 (0) 207 138 3204
Megan Ray
Rachael Brooks
Teneo
Luke Hogg +353 (0) 1 661 4055
Thomas Shorthall +353 (0) 1 661 4055
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END
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