Arkle Resources PLC (LON:ARK) has identified a new gold target at the Inishowen project in Co. Donegal.
The target lies between the Meeneragh gold discovery drill site and the historic Glentogher lead-silver mine.
Between these two sites there is a historic 5km of strike.
Patrick Cullen, chief executive, said: "Arkle's 2016-17 drilling intersected high-grade gold at Meeneragh, which establishes the Glentogher Fault as a fertile structure.
“We believe that the base metal mineralisation at Glentogher is related to the same fault.
"Our recent fieldwork has identified a previously unknown structure which intersects the Glentogher Fault 3kms northwest of Meeneragh. This is now a priority target."