Exploration company Arkle Resources has been boosted by the findings of a winter trenching programme at Inishowen.
The gold and zinc explorer has identified new gold bearing vein outcrops at Meeneragh near Quigley’s Point, where gold bearing rock was previously discovered in 2016
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. Concurrent with the trenching programme, recent excavations at the farm revealed a quartz vein outcrop measuring around 50cm wide containing lead and zinc ores (galena and sphalerite). The gold grade of this outcrop returned 13.1g/t.
Arkle Resources PLC: Drilling at the Meeneragh prospect, Inishowen Gold Project
A fully funded drilling programme is now being devised as a next stage exploration step based on these results as the Company works to identify a gold resource.
John Teeling, Chairman of Arkle, commented: “The trenching results at Inishowen match if not exceed our best expectations. 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.”
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