Business
Interim Statement ended 30 June 2020
Interim Statement ended 30 June 2020.
About this update from Arkle Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2017A\n Arkle Resources PLC\n 28 September 2020\n \n \n \n \n 28th September 2020\n \n \n Arkle Resources PLC \n \n \n \n \n \n (\"Arkle\" or the \"Company\")\n \n \n \n \n \n Interim Statement for the period ended 30 June 2020\n \n \n \n \n \n Highlights\n \n \n \n \n \n \n - \n \n \n Drilling ongoing on the Stonepark zinc project\n \n \n \n \n - \n \n \n Trenching of newly discovered gold anomalies at Mine River to proceed \n \n \n \n \n - \n \n \n Good results from soil sampling in Donegal. New area identified \n \n \n \n \n - \n \n \n Corporate interest in the Stonepark zinc project \n \n \n \n \n - \n \n \n Over £500,000 raised during the period and £600,000 raised in August to fund ongoing exploration and working capital \n \n \n \n \n \n \n Chairman's Statement \n \n \n \n \n \n The lifeblood of a mineral exploration company is exploration. 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.\n \n \n \n \n \n Zinc\n \n \n \n \n \n The Irish lockdown cost us four months. It was not possible to get on the ground. It is a tribute to the staff and field crews that they were ready to move once permissions were granted. The drilling at the Stonepark zinc project will produce results within weeks. Two carefully targeted holes, in total 800 metres, are designed to test the continuity of mineralisation around the Stonepark North pod and to extend the Stonepark South pod. \n \n \n \n \n \n The Stonepark project, with a current resource in excess of 5m tonnes, is a joint venture between Arkle (23.44%) and Group Eleven (76.56%) who is the operator. In recent months there has been significant interest in the zinc potential in the Limerick area. Glencore, who own the huge Pallas Green zinc discovery, 45 million tons plus, continue to drill their licences. Pallas Green adjoins our Stonepark licence. In recent weeks Group Eleven have announced a very good drill hole result from their Carrickittle licence, adjacent to the South Eastern border of Arkle's ground. Our succe...