Arkle Resources PLC Drilling begins at Stonepark Zinc Project (6355Y)
September 10 2020 - 07:00AM
UK Regulatory
TIDMARK
RNS Number : 6355Y
Arkle Resources PLC
10 September 2020
10(th) September 2020
Arkle Resources PLC
("Arkle" or the "Company")
Drilling begins at Stonepark Zinc Project
Arkle Resources (AIM:ARK), the Irish Gold and Zinc resources
discovery company, is pleased to announce that drilling has
commenced on their Stonepark zinc project ("Stonepark" or the
"Project"). Stonepark is a joint venture between Arkle (23.44%) and
Group Eleven Resources Corp. ("Group 11") (76.56%). Group 11 is the
operator of the Project. Below is an excerpt from the press
announcement made by Group 11 today.
Highlights:
-- Drill program at Stonepark consists of two step-out holes,
planned to total approximately 810 metres (360 metres and 450
metres, respectively)
-- Holes will test extensions of the Stonepark Mineral Resource Estimate ("MRE")
-- Stonepark MRE totals 5.1 million tonnes grading 8.7% zinc and
2.6% lead (11.3% combined) in the Inferred Category, located
approximately one kilometre west of the Pallas Green zinc-lead
deposit, with inferred resources of 45.4 million tonnes of 7% Zinc
and 1% Lead.
The Stonepark project is located in the Limerick basin, in
south-western Ireland (see Exhibit 1 ). Stonepark is adjacent to
Group 11's 100% interest PG West project (which hosts the
Carrickittle zinc prospect) and Glencore's Pallas Green project
(which hosts the Pallas Green zinc-lead deposit).
John Teeling, Chairman and CEO, commented , "This is good news
for shareholders. We are very well positioned in the emerging zinc
province in the Limerick basin. These targeted holes are expected
to grow the existing 5 million plus tonne resource."
Link to Exhibit 1. Location of the Stonepark Zinc Project (and
adjacent PG West Project), south-west Ireland
http://www.rns-pdf.londonstockexchange.com/rns/6355Y_1-2020-9-10.pdf
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
+44 (0) 203 470
Matthew Johnson/Soltan Tagiev 0470
First Equity Limited
Joint Broker
+44 (0) 207 374
Jason Robertson 2212
+44 (0) 207 138
Blytheweigh 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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