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New Mineralisation at Stonepark Zinc Project
New Mineralisation at Stonepark Zinc Project.
About this update from Arkle Resources Plc
[{"type":"text","content":"\n \nRNS Number : 2500Y Arkle Resources PLC 07 May 2019 \n\n7 May 2019\n \nArkle Resources PLC\n(\"Arkle\" or the \"Company\")\n \nSignificant New Mineralisation along Pallas Green Corridor at Stonepark Zinc Project\n \nArkle Resources PLC (LON: ARK), the Irish gold and zinc exploration and development company, is pleased to report results from the preliminary drill program at the Stonepark Zinc Project located in Limerick, Ireland. The Stonepark Zinc Project is a joint venture with Group Eleven Resources Corp. (\"Group Eleven\"). Arkle holds a 23.44% interest.\n \nHighlights:\n \n- The outer margin of a potential new Irish-Type zinc system has been identified 10 kilometres southeast of Glencore's Pallas Green deposit, along the Pallas Green corridor;\n \n- Hole G11-450-02 ('Kilteely') intersected a 230 metre thick hydrothermal system displaying abundant sulphide mineralisation with elevated zinc;\n \n- Acquisition of the Tellus airborne geophysical data over the Limerick Basin now complete\n \nPatrick Cullen, Chief Executive Officer of Arkle, commented, \"This area of Limerick hosts the two largest undeveloped zinc deposits in Ireland, at Stonepark and at Pallas Green, in a region recognised for its world class zinc mines and zinc grades.\n \n\"The identification of a new hydrothermal system of the scale observed in the southern part of the Stonepark Zinc Project is very exciting news.\n \n\"Evidence of the mineralised corridor extending south-eastwards from Pallas Green continues to build. Technical work is ongoing and we look forward to combining data from the Tellus airborne geophysical survey data as it becomes available.\n \n\"The ground at Kilteely is completely open to the north and, with only one historic drill hole in the area, the potential for a further major discovery is significant.\"\n \nArkle supports Group Eleven's 'Big Think' approach which has led to the concept of a mineralised trend called the 'Pallas Green Corridor'. The recent drilling, location of the historic Carrickittle deposit and review of existing data supports this interpretation. An additional drillhole by Group Eleven at the Ballywire prospect on their 100% PG West Project, further supports this trend.\n&n...