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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Arkle Resources Plc | LSE:ARK | London | Ordinary Share | IE00B2357X72 | ORD EUR0.0025 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.025 | 9.09% | 0.30 | 0.25 | 0.35 | 0.30 | 0.275 | 0.275 | 357,472 | 10:19:20 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Lead And Zinc Ores | 0 | -299k | -0.0007 | -4.29 | 1.37M |
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
DRLURRRRROUKAAR
(END) Dow Jones Newswires
September 10, 2020 08:00 ET (12:00 GMT)
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