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Arkle Resources busy on Irish exploration, and funded for 18 months, according to latest financials

Arkle has gold and zinc under licence, two of Ireland's most favoured metals

Arkle Resources PLC - Arkle Resources busy on Irish exploration, and funded for 18 months, according to latest financials

Arkle Resources PLC (LON:ARK) turned in a loss of €220,000 for the six months to June 2020.

The company closed out the period with €252,000 in cash. However, a further £600,000 was raised in August, covering expenses for the next 18 months.

“The lifeblood of a mineral exploration company is exploration,” said chairman John Teeling.

“Currently we are drilling our zinc discovery in Stonepark, Limerick, completing a tightly spaced soil sampling programme on our Glentogher gold licence in Donegal and preparing to trench our Mine River gold licences in Wicklow after completing an extensive soil sampling programme and analysing the results.”

 

Quick facts: Arkle Resources PLC

Price: 1.21 GBX

AIM:ARK
Market: AIM
Market Cap: £3.52 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