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Arkle Resources restarts gold exploration fieldwork at Mine River and Inishowen

Arkle Resources has an attractive gold and zinc portfolio in Ireland

Arkle Resources PLC -

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

At Mine River, Wicklow, Arkle will extend the soil sampling programme east along the gold trend, with over 3,000 samples planned in a tight grid of 20 metre by 100 metre 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 20 metre by 100 metre spaced sampling over the known gold veins at Meeneragh. This will 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.

"The long detailed review of our gold projects using fresh eyes and ideas concluded at a good time for gold,” Arkle chairman John Teeling said in a statement.

“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."

 

Quick facts: Arkle Resources PLC

Price: 0.9 GBX

AIM:ARK
Market: AIM
Market Cap: £2.62 m
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Arkle Resources PLC's John Teeling discusses gold exploration plans and...

Arkle Resources PLC's (LON:ARK) John Teeling speaks to Proactive London's Andrew Scott about restarting their gold exploration fieldwork at Mine River and Inishowen. He explains that Irish gold is found in veins - so precise location is key. The sample results have been really positive and the...

on 11/8/20

2 min read