TIDMARK

RNS Number : 9691U

Arkle Resources PLC

29 November 2023

29 November 2023

Arkle Resources PLC

("Arkle" or the "Company")

Pegmatites discovered on new lithium exploration ground in Aughrim, Ireland

   --    Pegmatites discovered in the Aughrim block. 
   --    Samples sent for analysis for lithium.

-- The Aughrim block is proximal to the known lithium bearing Leinster Granite in the east and contiguous to International Lithium Corp. - Ganfeng Lithium Co. Ltd joint venture where a large zone of lithium bearing pegmatites and aplite's has been discovered.

Arkle (AIM: ARK) has completed an initial prospecting programme on its newly acquired Aughrim block of licences. The new block consists of four (4) prospecting licences centred around Aughrim, County Wicklow. The main target is lithium bearing pegmatites which have been located in contiguous ground to the west held by International Lithium Corp - Gengfeng Lithium Co. Ltd.

Arkle geologists sampled ten priority target areas that were identified during earlier compilation work. The target areas selected included exposed granitic bodies that are part of the Leinster granite which is highly prospective for LCT (lithium, caesium, tantalum) pegmatites. Visual observations by the team identified pegmatites. Fifty-nine (59) samples were collected and have now been received by ALS laboratories who will conduct analysis on them for lithium and other critical metals.

The new block is also highly prospective for precious metals being contiguous to the Mine River block to the south and IMC Exploration Group's Avoca gold deposit to the east. Numerous historical references to alluvial and bedrock gold were noted and these areas were inspected during this prospecting programme. As a result, eight samples will be assayed for gold.

John Teeling, Chairman of Arkle, commented : "This discovery is very encouraging and provides impetus for our growing focus on Lithium. The exploration has found new pegmatites on our licences in an area that we know is highly prospective for lithium. Samples are being analysed for lithium. Positive results will lead to an early-stage drilling programme. An added bonus was the discovery of rocks which have the potential for gold. These also are being analysed".

This announcement has been reviewed and approved by Gavin Berkenheger (CGeol) in his capacity as the Qualified Person for the purposes of the AIM Note for Mining, Oil and Gas Companies issued by the London Stock Exchange.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

Enquiries:

 
Arkle Resources PLC 
John Teeling, Chairman              +353 (0) 1 833 2833 
                                    --------------------- 
Jim Finn, Finance Director          +353 (0) 1 833 2833 
                                    --------------------- 
 
SP Angel Corporate Finance LLP 
 Nominated Adviser & Joint Broker 
                                    --------------------- 
Matthew Johnson/Adam Cowl            +44 (0) 203 470 0470 
                                    --------------------- 
 
First Equity Limited 
                                    --------------------- 
Joint Broker 
                                    --------------------- 
Jason Robertson                      +44 (0) 207 374 2212 
                                    --------------------- 
 
BlytheRay                            +44 (0) 207 138 3204 
                                    --------------------- 
Megan Ray 
                                    --------------------- 
 
Teneo 
                                    --------------------- 
Luke Hogg                            +353 (0) 1 661 4055 
                                    ---------------------

Information for Editors

Arkle is a diversified exploration company with principal assets in gold, zinc and now lithium exploration licences in Ireland. The Company currently has two 100% owned gold projects (Mine River and Inishowen) and is in joint venture with Group Eleven Resources Corp. at the Stonepark Zinc Project.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCFELFAAEDSESF

(END) Dow Jones Newswires

November 29, 2023 02:00 ET (07:00 GMT)

Arkle Resources (AQSE:ARK.GB)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Arkle Resources Charts.
Arkle Resources (AQSE:ARK.GB)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Arkle Resources Charts.