Arkle Resources plc announced it had intersected exceptionally high grade gold and extended the drilling programme at the Mine River project in Wicklow / Wexford, Ireland.
HOLE 7
The results are from the company’s sixth and seventh drill holes of its diamond drilling programme.
Hole 7 is an easterly step out from the visible gold hole and intercepted multiple gold bearing zones.
Results include 2.5m at 12.13g/t gold, including 51.6g/t gold over 0.5m.
“This is a spectacular result from Hole 7 in the Tombreen main anomaly,” said chairman John Teeling. “The 51.6g/t grade is the highest we have ever discovered in Mine River.”
Arkle added that drilling also showed positive indications in subsequent holes.
Hole 6 to the west did not return grades of economic interest, suggesting the vein pinched out.
HOLES 8 AND 9
Hole 8 is located 900 metres to the west of Hole 7 and is now complete with the core samples sent for analysis.
Arkle said that observations of the core confirmed that the vein extended at depth.
Drill Hole 9 has been completed and lies within the middle of a previously untested gold soil anomaly to the south of the Tombreen main target.
The company added that observations of the core so far have identified new blue quartz veins and mineralisation at multiple intervals.
EXTENSION OF DRILLING
Arkle said it would immediately start drilling of a step-out hole on the untested gold soil anomaly.
The company also plans to drill two further step-out holes to the east of Hole 7 where the high grades were discovered, and trench two further new anomalies to the south of Tombreen West.