Arkle Resources Provides Update on Promising Stonepark Zinc Exploration in Ireland
Why we think this is good
The exploration update from Arkle Resources on its Stonepark Zinc Project in Ireland is positive overall. The drilling results indicate the presence of key attributes associated with high-grade mineralization, and further drilling is planned to follow up on these promising findings. However, as this is an early-stage exploration project, the sentiment is capped at GOOD given the lack of direct production or revenue information.
Key Points
- Three holes drilled in 2024 in the Carrickittle West area of the Stonepark licences
- Kilteely prospect identified as a large breccia body with key attributes like brecciation, faulting, hydrothermal fluids, and significant pyrite
- Further drilling planned for 2025 and 2026 to follow up on the promising results
- Arkle has the option to fund its share of future drilling or dilute its interest in the project
Summary
Arkle Resources provided an update on exploration activities at its Stonepark Zinc Project in Ireland, which is a joint venture with Group Eleven Resources. 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. The results suggest the company may be getting close to stronger mineralization, and further drilling is planned for 2025 and 2026 to follow up on these promising findings. Arkle has the option to fund its share of future drilling or dilute its interest in the project.