Update on Stonepark Zinc Project, Ireland  | Company Announcement | Investegate
Fundraise
Welcome
Articles
About
Contact Us
Help
Home
Companies
Advanced search
Archive
Meetings
UK Newswire
New
Login
Register
Update on Stonepark Zinc Project, Ireland
Arkle Resources PLC
16 June 2025
16 June 2025
Arkle Resources PLC
("Arkle" or the "Company")
Update on Stonepark Zinc Project, Limerick, Ireland
Arkle Resources (ARK:AIM) is pleased to provide an update on exploration on its Stonepark project in Limerick. The project consists of 5 licences held in a joint venture, owned 22.36% by Arkle and 77.64% Group Eleven Resources Corp. ("Group Eleven"), and is operated by Group Eleven. In 2024, three holes were drilled by Group Eleven in the Carrickittle West area of the Stonepark licences (G11-450-04, G11-449-03 and G11-2531-02).
The most significant target to emerge is the Kilteely prospect, a large breccia body, the bulk of which is on Stonepark ground. The results suggest that they are close to stronger mineralization. Further drilling is indicated and will be undertaken.
Hole G11-450-04 was planned to test the north side of the Kilteely fault but intersected the south side. The hole intersected fine grained dolomite similar to Ballywire the Group Eleven discovery to the south and black matrix breccias which host zinc and lead mineralisation at Pallas Green and Lisheen.
Hole G11-449-03 a hole drilled 315m from previous drilling, was to test the Coonagh Castle Fault. It intersected dolomitized Waulsortian Limestone, similar to that at Ballywire and a 35m zone of calcite also similar to that at Ballywire. These results indicate intense hydrothermal fluid flows and close proximity to a major fault warranting follow up drilling.
Hole G11-2531-02 contained extensive zones of pyritic brecciation similar to the black matrix breccias in the 5 million tonnes Stonepark discovery.
One hole will be drilled by Group Eleven later in 2025 with further drilling planned for 2026.
Arkle has the option to fund its share of future drilling on the Stonepark licence area or dilute its interest in the project.
The board strongly recommend to shareholders that they read the full Group Eleven press release which can be accessed
here
.
John Teeling, Chairman, commented: "The recent drilling has strengthened the view that the Kilteely anomaly, mainly on the Carrickittle West Stonepark licence is a highly prospective target for base metals.
In the words of Bart Jaworski, the CEO of Group Eleven". "Carrickittle West continues to be one the best drill targets in Ireland. Being within only six kilometres away from the 45 million tonnes and 5 million tonnes of mineralisation from Glencore's Pallas Green and our Stonepark deposits, respectively, this prospect has a real chance at hosting the southern half 'mirror-image' of the mineralising system operating at the northern side of the Limerick Volcanic Complex. Today's drill results demonstrate the presence of key attributes - brecciation, faulting, hydrothermal fluids and significant pyrite. The fact we're also starting to pick up sphalerite locally in some of the drilling suggests we may be getting close to the high-grade. We look forward to follow-up drilling."
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.
Market Abuse Regulation (MAR) Disclosure
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.
ENDS
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
+44 (0) 203 470 0470
Adam Cowl
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
Mollie McLernon
Molly Mooney
About Arkle Resources Plc
Arkle is an AIM listed explorer with operations in Ireland and Botswana. In addition to the Company's the zinc joint venture in Ireland it also holds 4 licences in the east of Ireland where lithium traces have been discovered and a gold licence in Donegal where drilling has found significant gold values.
In Botswana, Arkle holds 2 licences covering 837sq kilometres in the Makgadikgadi Salt Pans. Drilling has discovered extensive brines containing traces of lithium and magnesium.
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
AI Summary Disclaimer BETA
×
The content you are viewing has been generated or assisted by artificial intelligence (AI). While efforts are made to ensure accuracy and clarity, AI-generated text may contain inaccuracies, outdated information, or subjective interpretations. This content is intended for general informational purposes only and should not be considered professional advice or factual confirmation.
We encourage you to independently verify any information provided, especially if it will be relied upon for making decisions or taking action. Any reliance you place on this material is strictly at your own risk. The AI system that produced this content cannot assess the specifics of individual circumstances, and results may vary based on context and individual needs.
Companies
Arkle Resources (CDI) (ARK)
UK 100
FTSE quotes
by TradingView
▶
🔊
Latest directors dealings
4 minutes ago
M&G
4 minutes ago
Centrica
20 minutes ago
PayPoint
34 minutes ago
The Schiehallion Fund Limited NPV
34 minutes ago
Anglo American
All directors dealings today
All intraday prices are subject to a delay of fifteen (15) minutes.
Investegate takes no responsibility for the accuracy of the information within this site.
The announcements are supplied by the denoted source. Queries about the content of an announcement should be directed to the source. Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filtered from this site.
© 2026 Stockomendation Ltd
Privacy and Cookie Policy
Terms
Acceptable Use Policy
Investors
Advertise with Us
Other Stockomendation sites
Stockomendation
UK Share Picking Game
This website is for Private Investors*
I am a Private Investor
*A
Private Investor
is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our
Privacy and Cookie Policy
&
Terms
.
Create an Account
Create your FREE account to receive personalised announcements, watchlists, market updates, investment insights and new features.
Sign Up
Log In
Personalise your experience
Tell us a little about yourself to receive personalised content, announcements and relevant investment opportunities.
Complete Profile