IN BRIEF: Arkle accelerates Erongo drilling on "encouraging" finds
Arkle Resources PLC - Dublin-based mineral exploration and development company - Completes interpretation of its phase 1 geophysical programme across its three northern exclusive prospecting licences 8290, 8298 and 8995 at its Erongo uranium project in Namibia. Says results are "highly encouraging". These include the definition of two distinct mineralisation styles: paleochannel-hosted uranium and uraniferous leucogranite-hosted uranium. Says multiple additional paleochannel and ULG targets were identified across EPLs 8290, 8298 and 8995, and will be advanced in parallel through further HLEM survey lines, mapping and sampling. Says drilling on the Eastern EPL 8995 paleochannel target has been accelerated to June, or the earliest the contractor is available, on the strength of the phase 1 results. Starts trenching and sampling next week across a large ULG target on EPL 8995, which has been "interpreted as a potentially large assemblage of leucogranite sheets". Expects the 2,500 metre ULG drilling programme to start in the third quarter, depending on the results of the trenching and sampling work. Says multiple ULG anomaly clusters have been identified across both the Eastern and Western blocks of EPL 8290. Read More