Group Eleven Commences Drilling at Carrickittle West
Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) has commenced drilling at the Carrickittle West Prospect in Ireland. The program includes 4-5 holes totaling approximately 1,700m, targeting the southern margin of the Limerick Volcanic Complex. The company is also progressing well with its two-rig drill program at the Ballywire discovery, with total drilling for the year expected to range from 7,000m to 8,000m.
Key points:
- Carrickittle West drilling targets areas of brecciation, mineralization, and the Kilteely volcanic centre
- Ballywire drilling has totaled 5,880m this year, with eight holes pending assay results
- Next assay results expected to include three NE step-outs and one SW step-out
- CEO Bart Jaworski states that Ballywire is showing signs of a major zinc-lead-silver discovery
Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) ha avviato le perforazioni presso il Carrickittle West Prospect in Irlanda. Il programma prevede 4-5 fori per un totale di circa 1.700 metri, mirando al margine meridionale del Complesso Vulcanico di Limerick. L'azienda sta anche proseguendo bene con il suo programma di perforazione a due apparecchiature presso la scoperta di Ballywire, con un totale di perforazioni per l'anno che si prevede possa variare da 7.000 a 8.000 metri.
Punti chiave:
- Le perforazioni a Carrickittle West mirano ad aree di breccia, mineralizzazione e al centro vulcanico di Kilteely
- Le perforazioni a Ballywire hanno totalizzato 5.880 metri quest'anno, con otto fori in attesa dei risultati delle analisi
- I prossimi risultati delle analisi dovrebbero includere tre estensioni a nord-est e una estensione a sud-ovest
- Il CEO Bart Jaworski afferma che Ballywire sta mostrando segni di una importante scoperta di zinco-piombo-argento
Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) ha comenzado a perforar en el Prospecto Carrickittle West en Irlanda. El programa incluye de 4 a 5 pozos con un total de aproximadamente 1,700 metros, dirigidos al margen sur del Complejo Volcánico de Limerick. La empresa también avanza bien con su programa de perforación con dos plataformas en el descubrimiento de Ballywire, con un total de perforaciones para el año que se espera que varíe entre 7,000 y 8,000 metros.
Puntos clave:
- Las perforaciones en Carrickittle West buscan áreas de brechas, mineralización y el centro volcánico de Kilteely
- La perforación en Ballywire ha totalizado 5,880 metros este año, con ocho pozos pendientes de resultados de análisis
- Se esperan que los próximos resultados de análisis incluyan tres extensiones al noreste y una al suroeste
- El CEO Bart Jaworski afirma que Ballywire muestra signos de un importante descubrimiento de zinc-plomo-plata
Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF)는 아일랜드의 Carrickittle West Prospect에서 시추를 시작했습니다. 이 프로그램은 리머릭 화산 복합체의 남쪽 경계를 목표로 하는 약 1,700미터에 해당하는 4-5개의 구멍을 포함합니다. 회사는 Ballywire 발견에 대한 두 개의 드릴 프로그램도 잘 진행하고 있으며, 올해 시추 총량은 7,000미터에서 8,000미터 사이일 것으로 예상됩니다.
주요 사항:
- Carrickittle West 시추는 파쇄, 광물화 및킬틸리 화산 중심지를 목표로 합니다.
- Ballywire 시추는 올해 총 5,880미터를 기록했으며, 8개의 구멍이 분석 결과를 기다리고 있습니다.
- 다음 분석 결과는 세 개의 북동쪽 스텝아웃과 하나의 남서쪽 스텝아웃을 포함할 것으로 예상됩니다.
- CEO Bart Jaworski는 Ballywire가 주요 아연-납-은 발견의 징후를 보이고 있다고 말했습니다.
Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) a commencé à forer au Prospect Carrickittle West en Irlande. Le programme comprend 4-5 trous totalisant environ 1 700 mètres, ciblant la marge sud du complexe volcanique de Limerick. L'entreprise progresse également bien avec son programme de forage à deux plateformes au découverte de Ballywire, avec un total de forages prévu pour l'année compris entre 7 000 et 8 000 mètres.
Points clés :
- Le forage à Carrickittle West cible des zones de brèches, de minéralisation et le centre volcanique de Kilteely
- Le forage à Ballywire a totalisé 5 880 mètres cette année, avec huit trous en attente de résultats d'analyse
- Les prochains résultats d'analyse devraient inclure trois extensions au nord-est et une au sud-ouest
- Le PDG Bart Jaworski déclare que Ballywire montre des signes d'une importante découverte de zinc-plomb-argent
Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) hat mit den Bohrungen im Carrickittle West Prospect in Irland begonnen. Das Programm umfasst 4-5 Löcher mit einer Gesamtlänge von ca. 1.700 Metern, die auf den südlichen Rand des Limerick Vulkan-Complex abzielen. Das Unternehmen kommt auch gut voran mit seinem Bohrprogramm mit zwei Bohranlagen beim Ballywire Fund, wobei die Gesamtbohrungen für das Jahr voraussichtlich zwischen 7.000 und 8.000 Metern liegen werden.
Wichtige Punkte:
- Die Bohrungen in Carrickittle West zielen auf Bereiche mit Brekzie, Mineralisierung und das Kilteely-Vulkanzentrum ab
- Ballywire hat in diesem Jahr insgesamt 5.880 Meter gebohrt, wobei acht Löcher auf Analyseergebnisse warten
- Die nächsten Analyseergebnisse werden voraussichtlich drei nordöstliche und einen südwestlichen Schritt-Out beinhalten
- CEO Bart Jaworski erklärt, dass Ballywire Anzeichen einer bedeutenden Zink-Blei-Silber-Entdeckung zeigt
- Commencement of new drilling program at Carrickittle West Prospect
- Progress in Ballywire discovery drilling with 5,880m completed this year
- Potential for another significant zinc discovery at Carrickittle West
- Ballywire showing signs of a major zinc-lead-silver discovery according to CEO
- None.
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2024) - Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce that it has commenced drilling at the Carrickittle West Prospect ("Carrickittle West"), Republic of Ireland. The prospect spans across the Company's
Stonepark - Targeting Another Significant Zinc Discovery at Carrickittle West
- Drill program of 4-5 holes at Carrickittle West totalling approx. 1,700m (hole depths of 350m to 550m) testing the southern margin of the Limerick Volcanic Complex ("LVC"), a prospective area of approximately 11km in strike-length
- Targets include areas of brecciation and mineralization seen in previous drilling, the Kilteely volcanic centre and the SW extensions of the Coonagh Castle Fault (first intersected by Group Eleven, see news release dated 16-Jun-2022)
- Volcanic centre at Kilteely, covering 2km x 6km, is the focus of renewed attention by the Company given its potential association with zinc mineralization - the only other interpreted volcanic centre in the LVC is located adjacent to the Pallas Green deposit1 (only 5km north of Carrickittle West)
Ballywire - Next Drill Results Imminent on Growing Zinc-Lead-Silver Discovery
- The two-rig drill program at the Ballywire discovery at PG West is progressing well
- Ballywire drilling this year now totals 5,880m (including 3,475m reported to date and eight holes pending assay results), with the total for the year expected to range from 7,000m to 8,000m
- Next assay results are expected to include three holes from NE step-outs (G11-3552-15, -16 and 17) and one hole from a SW step-out (testing the 'B' gravity anomaly; G11-2654-03)
"We are excited to start our long-awaited follow-up drill program at the Carrickittle West prospect," stated Bart Jaworski, CEO. "This program aims to provide us with critical information needed to further unlock value on this 'Pallas Green lookalike' target and hopefully make another discovery. At Ballywire, we look forward to providing the market with new drill results shortly. As stated previously, work announced to date suggests Ballywire is increasingly showing signs of a major zinc-lead-silver discovery."
Exhibit 1. Drill Targets at Carrickittle West Prospect (Stonepark Project and PG West Project)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/223064_e783124a1494baf5_002full.jpg
Note: Pallas Green MRE is 45.4 million tonnes of
Exhibit 2. Drill Results Pending at Ballywire Discovery, PG West Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/223064_e783124a1494baf5_003full.jpg
Note: In addition to the above seven holes pending assays (locations in yellow), not shown above is G11-2654-03 testing the 'B' gravity anomaly (located approx. 325m SW of G11-468-01)
Exhibit 3. Regional Map of PG West (
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/223064_e783124a1494baf5_004full.jpg
Notes to Exhibit 3: (a) Pallas Green MRE is owned by Glencore (see Glencore's Resources and Reserves Report dated December 31, 2023); (b) Stonepark MRE: see the 'NI 43-101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland', by Gordon, Kelly and van Lente, with an effective date of April 26, 2018, as found on SEDAR; and (c) the historic estimate at Denison was reported by Westland Exploration Limited in 'Report on Prospecting Licence 464' by Dermot Hughes dated May, 1988; the historic estimate at Gortdrum was reported in 'The Geology and Genesis of the Gortdrum Cu-Ag-Hg Orebody' by G.M. Steed dated 1986; and the historic estimate at Tullacondra was first reported by Munster Base Metals Ltd in 'Report on Mallow Property' by David Wilbur, dated December 1973; and later summarized in 'Cu-Ag Mineralization at Tullacondra, Mallow, Co. Cork' by Wilbur and Carter in 1986; the above three historic estimates have not been verified as current mineral resources; none of the key assumptions, parameters and methods used to prepare the historic estimates were reported and no resource categories were used; significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimates can be verified and upgraded to be compliant with current NI 43-101 standards; a Qualified Person has not done sufficient work to classify them as a current mineral resource and the Company is not treating the historic estimates as current mineral resources. 'Rathdowney Trend' is the south-westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.
Qualified Person
Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent 'Qualified Person' as defined under Canadian National Instrument 43-101.
About Group Eleven Resources
Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in the Republic of Ireland. Group Eleven announced the Ballywire discovery in September 2022. Key intercepts to date include:
- 3.3m of
12.5% Zn+Pb and 48 g/t Ag (G11-468-01) - 10.8m of
10.0% Zn+Pb and 109 g/t Ag (G11-468-03) - 10.1m of
8.6% Zn+Pb and 46 g/t Ag (G11-468-06) - 10.5m of
14.7% Zn+Pb, 399 g/t Ag and0.31% Cu (G11-468-12) - 11.2m of
8.9% Zn+Pb and 83 g/t Ag (G11-3552-03) - 29.6m of
10.6% Zn+Pb, 78 g/t Ag and0.15% Cu (G11-3552-12) and - 6.1m of
11.4% Zn+Pb, 85 g/t Ag (G11-3552-13)
The Company's two largest shareholders are Glencore Canada Corp. (
ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer
E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.webb@groupelevenresources.com | T: 604-644-9514
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.
1 Pallas Green mineral resource estimate totals 45.4 million tonnes grading
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223064
FAQ
What is the extent of Group Eleven's drilling program at Carrickittle West?
How much drilling has been completed at the Ballywire discovery in 2024?
What are the main targets for Group Eleven's Carrickittle West drilling program?
When does Group Eleven (GRLVF) expect to release the next assay results from Ballywire?
