Arkle Resources PLC Results of Annual General Meeting (4366H)
27 Julho 2023 - 7:30AM
UK Regulatory
TIDMARK
RNS Number : 4366H
Arkle Resources PLC
27 July 2023
27 July 2023
Arkle Resources PLC
("Arkle", the "Group" or the "Company")
RESULTS OF ANNUAL GENERAL MEETING
Arkle Resources PLC (LON: ARK), the Irish gold and zinc
exploration and development company, is pleased to announce that a
t the Annual General Meeting ("AGM") held in Dublin today, all
resolutions were duly passed.
The highlights of the presentation by the Company at the AGM are
outlined below:
-- Arkle has three ongoing exploration projects in Ireland,
Stonepark Zinc, Mine River Gold / Lithium and Inishowen Gold.
-- During 2022, on the Company's Stonepark Zinc licence block,
six holes were completed, three exploratory holes and three holes
focused on the south of the licence block close to the Carrickittle
licence held by its partner and operator Group Eleven.
-- The hole at Carrickittle West, on Stonepark ground,
intercepted a major zinc hosted fault structure. This suggests a
high priority zinc target at depth which will be drilled to about
900 metre depth.
-- Drilling at Carrickittle North, also on Stonepark ground,
discovered a zone of hydrothermal activity which is associated with
large zinc deposits like that at the nearby Pallas Green
discovery.
-- At Stonepark, the Directors believe Arkle is seeing all the
hallmarks and indications of what could be a large scale lead zinc
deposit. It is ideally placed next to the Pallas Green Deposit and
recent drilling has identified that mineralisation is present at
significant distances from the current deposit. This would suggest
an extensive mineralised system at depth. In the recent drilling
Arkle also found evidence of a major fault structure with
significant displacement. The Company notes that these large scale
faults in this geology are extremely prospective for Irish type
lead zinc deposits.
-- On Arkle's Mine River Licences, the recent focus has been on
lithium in the pegmatites. Lithium bearing pegmatites were
discovered with the best grades in the Bunclody area. A subsequent
sampling programme around Bunclody has produced inconclusive
results.
-- Drill ready targets have been identified on the Company's
Inishowen Donegal Gold licence. Work is expected to begin there in
the immediate future.
-- In an additional comment, Arkle Chairman, John Teeling said
that Arkle continues to explore other project opportunities and
hopes to update shareholders in the near future.
John Teeling
Chairman
27 July 2023
Information for Editors
Arkle is a diversified exploration company with principal assets
in gold, zinc and now lithium exploration licences in Ireland. The
Company currently has two 100% owned gold projects (Mine River and
Inishowen) and is in joint venture with Group Eleven Resources
Corp. at the Stonepark Zinc Project.
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
BlytheRay
Megan Ray +44 (0) 207 138 3204
Teneo
Luke Hogg
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END
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July 27, 2023 06:30 ET (10:30 GMT)
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