Arkle expands Erongo drilling after seeing carnotite in drill chips

(Sharecast News) - Arkle Resources expanded its maiden reverse-circulation drilling programme at the Erongo uranium project in Namibia on Friday, after visually identifying carnotite in drill chips from three holes across two fence lines. The AIM-traded company has completed 52 holes for 1,017 metres of the original roughly 1,500-metre programme and will now add step-out drilling on the eastern paleochannel, further testing of the western paleochannel and an initial five-hole test of its primary ULG target.

Downhole gamma spectrometry has begun to help select intervals for laboratory testing, with 1,016 one-metre samples collected to date and first assay results expected in early September.

Arkle cautioned that visual mineralisation does not indicate uranium grade, but said the enlarged programme would allow it to test both principal mineralisation styles within the same field season while the rig and team remain mobilised.

At 0813 BST, shares in Arkle Resources were up 1.33% at 0.76p.

Reporting by Josh White for Sharecast.com.

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