leadf
logo-loader
RNS
viewArkle Resources PLC

Arkle Resources PLC - Soil sampling results Mine River

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

 




 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCUKUKRRNUKRRR

Quick facts: Arkle Resources PLC

Price: 1.35

Market: AIM
Market Cap: £3.93 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

John Teeling, Chairman of Connemara Mining, talks about the best country in...

John Teeling, Chairman of Connemara Mining, talks about why most zinc miners are doing very well, the best country in the world to find zinc, a very good discovery, extending the deposit to the north, south, east and west, and some of the largest zinc mines in the world. (Oct 2010)

on 11/03/2010

4 min read