Arkle Resources plc (AIM: ARK), has been informed by Group Eleven Resources Corp. (“Group Eleven”), its partner and the operator of the Stonepark Project (“Stonepark” or the “Project”), that they are recommencing drilling on the Project.
Stonepark is a joint venture held 76.56% by Group Eleven and 23.44% by Arkle. Three holes of the planned six-hole programme have already been completed and were announced on 16 June 2022. The next drill hole will be on PL3367, approximately 12 km southwest of the Stonepark deposit (5.3 million tonnes of 8.7% Zn and 2.6% Pb, or 11.15% Zn+Pb, Inferred category, NI43-101 compliant).
Following completion of this drill hole, Group Eleven will resume drilling on its 100% owned projects, after which, the remaining two holes of the Stonepark programme will be completed. All drilling at Stonepark (totalling six holes and 2,300m, as previously announced) is expected to be completed by year-end.
ENDS
Enquiries:
Arkle Resources PLC
John Teeling, Chairman
+353 (0) 1 833 2833
Jim Finn, Finance Director
+353 (0) 1 833 2833
