TIDMARK

RNS Number : 5608V

Arkle Resources PLC

10 August 2020

Arkle Resources PLC

("Arkle" or the "Company")

Gold Prospecting at Wicklow and Donegal

Arkle Resources (AIM:ARK) announces that fieldwork has restarted at its Mine River and Inishowen gold projects in the Republic of Ireland.

In Mine River, Wicklow, the team intends to extend the soil sampling programme east along the gold trend with over 3,000 samples planned in a tight grid of 20m by 100m spacing. Multi-element analysis using XRF technology to identify anomalies in indicator minerals, will be used.

A similar soil sampling programme will be undertaken at Inishowen in Donegal, with 20m by 100m spaced sampling over the known gold veins at Meeneragh to include areas where gold bearing rock was previously discovered. Over 500 samples are planned with potential infill sampling to follow.

The soil sampling programmes at both Wicklow and Donegal are due to be completed in the coming month, after which targets will be prioritised for follow up trenching and or drilling.

John Teeling, commented , "The long detailed review of our gold projects using fresh eyes and ideas concluded at a good time for gold. Our fieldwork has started as gold prices soar over $2,000 an oz. There is gold in Mine River and in Inishowen. This latest work will identify where best to trench and drill."

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 Adviser & 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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