Latest News

Arkle turns up more gold at Inishowen


Arkle Resources PLC (LON:ARK) has identified gold-bearing vein outcrops at the Inishowen project in Ireland.

Recent trenching showed grades as high as 40.7 grams per tonne gold in a 10 centimetre quartz vein 85 metres along strike from a high grade hole drilled in 2016.

A further sample of 13.1 grams per tonne in a 50 centimetre quartz vein outcrop was also returned, and helped identify the bedrock source of the large boulders found in the adjoining fields in 2015 and 2016

“The trenching results at Inishowen match if not exceed our best expectations,” said Arkle chairman John Teeling.

“The discovery of new high grade gold veins eighty-five metres along strike from the initial 2016 drillholes represents a watershed moment for the Inishowen gold project. The trenching results provide Arkle’s geological team with field data that will allow full mapping of the vein systems in the area to determine length, average width and grade. The output of this mapping exercise will delineate high priority gold targets which the company intends to explore via a fully funded drilling programme in the spring.”

A fully funded drilling programme is now being devised as a next stage exploration step based on these results. The observation of the local rock structure and discovery of narrow quartz veinlets in the same orientation as the larger veins have shed light on the nature of the gold veins and could explain why the previous drilling was not so successful.

Arkle believes it has overcome these obstacles and is confident of further positive results as the Company works to identify a gold resource.

The drilling at Inishowen will be planned alongside drilling at the Mine River project in Wicklow/Wexford.

Shearwater an early riser on the back of contract win

Previous article

KR1 sells last FUN tokens at big profit

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News