Arkle Resources PLC Positive Results from Soil Sampling at Inishowen (1401A)
September 25 2020 - 3:21AM
UK Regulatory
TIDMARK
RNS Number : 1401A
Arkle Resources PLC
25 September 2020
25 September 2020
Arkle Resources PLC
("Arkle" or the "Company")
Positive Results from Soil Sampling at Inishowen Gold
Project
-- New prospective area to the Southwest discovered
-- Programme to identify drill targets to commence immediately on the new prospective area
Arkle Resources (AIM:ARK) is pleased to announce positive
results from soil sampling at their wholly owned Inishowen gold
project in County Donegal, Ireland. A programme to identify drill
targets will commence immediately.
The results indicate a northwest to southeast trend, with higher
levels of gold indicator minerals extending to a previously unknown
area to the southwest limit of the sampling area (Exhibit 1). The
programme also picked out the surface expression of the gold veins
found in previous drilling campaigns.
The soil sampling was conducted every 20 metres on 100 metre
spaced lines over the area around Meeneragh , which is known to
contain gold. A total of 356 samples were collected. Each sample
weighed roughly 120g each and was obtained between 10 and 20cm
below the surface. The Olympus Delta Standard XRF unit was used to
assay the soil samples. QA/QC involved duplicate samples every 50
with unit calibration every 20. The gold indicators used were zinc
and lead as determined from the previous rock and drill results.
Grades can be observed in the attached exhibit and are in parts per
million (ppm).
Further soil sampling to pinpoint trench or drillhole locations
in the newly identified area will begin immediately.
John Teeling, Chairman and CEO, commented, "These are positive
results. The sampling revealed a northwest to southeast trend and
highlighted previously unknown areas toward the southwest. An
immediate programme is commencing on the southwest to identify
drill targets. This should be completed by year end."
Link to Exhibit 1:
http://www.rns-pdf.londonstockexchange.com/rns/1401A_1-2020-9-25.pdf
This announcement has been reviewed and approved by Gavin
Berkenheger (CGeol) in his capacity as the Qualified Person for the
purposes of the AIM 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
Ross Murphy +353 (0) 1 661 4055
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END
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