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Arkle Resources PLC - Gold Prospecting at Wicklow and Donegal

RNS Number : 5608V
Arkle Resources PLC
10 August 2020
 

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Gold Prospecting at Wicklow and Donegal

 

Arkle Resources (AIM:ARK) announces that fieldwork has restarted at its Mine River and Inishowen gold projects in the Republic of Ireland.

 

In Mine River, Wicklow, the team intends to extend the soil sampling programme east along the gold trend with over 3,000 samples planned in a tight grid of 20m by 100m spacing.  Multi-element analysis using XRF technology to identify anomalies in indicator minerals, will be used.

 

A similar soil sampling programme will be undertaken at Inishowen in Donegal, with 20m by 100m spaced sampling over the known gold veins at Meeneragh to include areas where gold bearing rock was previously discovered.  Over 500 samples are planned with potential infill sampling to follow.

 

The soil sampling programmes at both Wicklow and Donegal are due to be completed in the coming month, after which targets will be prioritised for follow up trenching and or drilling.

 

John Teeling, commented, "The long detailed review of our gold projects using fresh eyes and ideas concluded at a good time for gold. Our fieldwork has started as gold prices soar over $2,000 an oz. There is gold in Mine River and in Inishowen. This latest work will identify where best to trench and drill."

 

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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