Arkle Resources PLC Soil sampling results Mine River (4783Y)
September 09 2020 - 4:27AM
UK Regulatory
TIDMARK
RNS Number : 4783Y
Arkle Resources PLC
09 September 2020
9 September 2020
Arkle Resources PLC
("Arkle" or the "Company")
Soil sampling results Mine River
-- Soil survey identifies 5 new target areas along the gold trend at Mine River Project
-- Licences covering the target areas have been renewed
Arkle Resources (AIM:ARK) is pleased announce the results of the
soil sampling survey at their Mine River gold project in the
Republic of Ireland. In addition, the two key licence areas that
encompass the Tombreen and Knocknalour targets have been
renewed.
Five strong gold indicator anomalies have been detected along
the gold trend east of Tombreen. A 5km squared area was surveyed
using XRF handheld technology obtaining soil samples every 20m
along 100m spaced grid lines. At two of the anomalies blue quartz
boulders with sulphide minerals similar to that at Tombreen were
noted and collected for analysis. Results are expected within three
weeks.
A further anomaly was centred around historic finds of gold
bearing quartz grading up to 4.1g/t found by RTZ (Rio Tinto Zinc
Corp) in the 1980s. Two further anomalies extending south of the
sample area will be followed up. Further soil sampling will aim to
expand and define these areas. One of the anomalies trends in the
same orientation as the Tombreen soil anomaly announced in July
2019 and is of a similar size. Selected soil samples from within
this main target will be analysed for gold.
John Teeling commented "Initial results from our ongoing work at
Mine River are promising. Sampling, every 20m, using a new
technique has, to date, verified two new areas of mineralisation.
Ongoing analysis is expected to identify additional areas. The next
steps are to drill and/or trench the anomalies."
This announcement has been reviewed and approved by Gavin
Berkenheger (CGeol) in his capacity as the Qualified Person for the
purposes of the AIM Guidance Note for Mining, Oil and Gas Companies
issued by the London Stock Exchange.
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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