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DUBLIN - Arkle Resources PLC (AIM:ARK) announced Monday that recent drilling at its Stonepark zinc project in Limerick, Ireland has identified the Kilteely prospect as a significant target for further exploration.
The company holds a 22.36% interest in the project, with Group Eleven Resources Corp. owning the remaining 77.64% and serving as the operator. Three holes were drilled in 2024 in the Carrickittle West area of the Stonepark licenses.
According to the company’s statement, hole G11-450-04 intersected fine-grained dolomite and black matrix breccias, which typically host zinc and lead mineralization in the region. Hole G11-449-03, drilled 315 meters from previous drilling, encountered dolomitized Waulsortian Limestone and a 35-meter zone of calcite, indicating intense hydrothermal fluid flows. The third hole, G11-2531-02, contained extensive zones of pyritic brecciation similar to those found in the 5-million-tonne Stonepark discovery.
Group Eleven plans to drill one additional hole later in 2025, with further drilling scheduled for 2026. Arkle has the option to fund its share of future drilling or dilute its interest in the project.
John Teeling, Chairman of Arkle Resources, described the Kilteely anomaly as "a highly prospective target for base metals." The anomaly is located approximately six kilometers from Glencore (OTC:GLNCY)’s Pallas Green deposit, which contains an estimated 45 million tonnes of mineralization.
The announcement, based on a press release statement, was reviewed and approved by Gavin Berkenheger, a Chartered Geologist, as the Qualified Person for the purposes of the AIM Note for Mining, Oil and Gas Companies.
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