Arkle Resources PLC Further results from drilling at Mine River (5398H)
04 August 2021 - 05:50PM
UK Regulatory
TIDMARK
RNS Number : 5398H
Arkle Resources PLC
04 August 2021
4 August 2021
Arkle Resources PLC
("Arkle" or the "Company")
Further results from drilling at Mine River
- 2.5 metres at 0.83g/t Au including 0.5 metres at 2.83g/t Au in 21-TB-09, Hole 5
- Further gold analysis of hole 4 confirms previously reported grades
Arkle Resources (AIM: ARK) announces results from its fifth
drillhole of the diamond drilling programme being undertaken at the
Company's 100% owned Mine River Gold Project in Wicklow / Wexford.
Further analysis of previous results from 21-TB-08, Hole 4, where
visible gold ("Au") was noted, confirmed the grades previously
reported on 13 July 2021.
Highlights of Hole 5:
From Width
Hole ID (metres) To (metres) (metres) Au (g/t)
21-TB-09 10.8 11.3 0.5 0.16
---------- ------------ ---------- ---------
21-TB-09 52.4 54.9 2.5 0.83
---------- ------------ ---------- ---------
Including:
21-TB-09 53.9 54.4 0.5 2.83
---------- ------------ ---------- ---------
21-TB-09 88.4 89.4 1.0 0.51
---------- ------------ ---------- ---------
21-TB-09 148.9 149.4 0.5 0.20
---------- ------------ ---------- ---------
This recent drillhole was located 220 metres west along strike
from 21-TB-08 (Hole 4), with further blue quartz veins and sulphide
noted. Additional work on the samples will be undertaken to better
understand the nature of the gold.
Samples from the sixth hole have been sent for analysis and
drilling has now commenced on the seventh hole of the drill
programme, which is located 100 metres eastwards of Hole 5.
John Teeling, Chairman commented : "We continue to intercept
more gold veins along strike at Tombreen. Although the bulk of the
veins are low grade it proves the extension of them for hundreds of
metres. This is now a substantial gold zone. The latest hole being
drilled, Hole 7, is located 100m eastwards of Hole 5."
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.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR".
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/Adam Cowl +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
Ciara Wylie +353 (0) 1 661 4055
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END
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