“We are delighted with the discovery of a new gold-bearing vein in an area near our Tombreen target which has had little historic exploration,” said chairman John Teeling.
“This discovery is why Arkle continues to believe in the potential of gold in Ireland. Given these results, we intend to quickly move forward with our exploration efforts. Our key priority now is to further test the extent and orientation of the mineralised zone and progress towards a fully funded drilling programme. We look forward to providing further updates to the market as work progresses.”
The recent trenching programme at Mine River was conducted following a large scale soil sampling programme which identified multiple areas for potential gold discoveries.
The first trench revealed visible gold noted within a vein in bedrock. Analysis of the vein revealed high grade gold at 5.5 grams per tonne.