Arkle Resources updates on soil sampling at the Mine River gold project
Arkle has significant gold and zinc exploration ground in Ireland
Company
LON:CON
Arkle Resources PLC is an AIM listed company focussed on creating shareholder value through gold and zinc exploration and resource development in Ireland. The company was established in 2004 by veterans John Teeling and James Finn, with over 40 years’ experience gained in the exploration and mining industry in Ireland and elsewhere. The company gained admission to the London Stock Exchange in 2007, and subsequently discovered the Stonepark zinc deposit with, then joint venture partner, Teck Ireland Ltd.
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Arkle has significant gold and zinc exploration ground in Ireland
The shares were issues with a one-for-one warrant that if fully exercised would see the company fully funded well into 2022
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Arkle Resources has an attractive gold and zinc portfolio in Ireland
The management team will meanwhile cover responsibilities for the company's gold and zinc assets.
“Stonepark is the bedrock asset for Arkle. It needs more drilling to expand the resource,” John Teeling said.
Arkle's joint venture partner Group Eleven recently received an endorsement from Glencore
It was a jam-packed week of news in the small-cap mining scene
The Arkle team has decades of mining experience to its name
Project operator Group Eleven could potentially begin drilling in August
Archive
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The group said 50,400,000 new ordinary shares were issued at a placing price of 0.5p each; it’s shares closed trade on Thursday at 0.80p
“The board believes now is an excellent time to review that decision: zinc prices remain robust well above the $2,000 per tonne range, and there is interest in Stonepark”
Archive
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The AIM-listed firm said the data had better refined a key exploration concept at the site, the ‘Pallas Green Corridor
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Good neighbour: Glencore owns the nearby Pallas Green zinc deposit and it is now effectively a stakeholder in both Stonepark and Group Eleven's PG West project.
“We do not believe that the value of Stonepark is reflected in the Arkle price"
"Our recent fieldwork has identified a previously unknown structure which intersects the Glentogher Fault 3kms northwest of Meeneragh. This is now a priority target."
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