Arkle Resources plc is closer to high grade results following returns from three holes drilled in the Carrickittle West area of the Stonepark zinc joint venture in Limerick, Ireland.
KILTEELY
The project, comprising five licences, is 22.36% owned by Arkle and 77.64% by operator Group Eleven Resources Corp.
Arkle said that the the Kilteely prospect was the “most significant” target and highly prospective for base metals.
The “large breccia body”, most of which is in Stonepark, will undergo further drilling.
The company added that the results suggested they were “close to stronger mineralisation”.
Hole G11-450-04 intersected the south side instead of the planned north side of the Kilteely fault.
“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,” added Arkle.
Hole G11-449-03, previously drilled to 315m, aimed to test the Coonagh Castle fault intersected “dolomitised Waulsortian limestone and a 35m zone of calcite” both 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.
Group Eleven will drill one hole later in 2025 and plans further drilling for 2026.
“Carrickittle West continues to be one the best drill targets in Ireland,” said the Canadian company’s chief executive Bart Jaworski.
“Being within only six kilometres away from the 45 million tonnes and five 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.”
Arkle has the option to fund either in cash or shares its share of future drilling on Stonepark.