Group Eleven Cuts 108.5m of Mineralization in Large (360m) Step-Out at Ballywire, Incl. 5.6m of 13% Zn+Pb, 116 g/t Ag; 4.2m of 15% Zn+Pb, 34 g/t Ag; and 4.9m of 10% Zn+Pb, 39 g/t Ag
Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) has announced results from five step-out holes at its Ballywire zinc-lead-silver discovery in Ireland. Highlights include:
- G11-3552-17 (360m step-out): 108.5m of 3.5% Zn+Pb and 25 g/t Ag, including high-grade zones
- G11-3552-16 (100m step-out): 24.7m of 3.7% Zn+Pb and 12 g/t Ag
- G11-3552-15 (360m step-out): 36.7m of 2.9% Zn+Pb and 12 g/t Ag
The results extend known high-grade mineralization by 360m along strike, from 890m to 1,250m. Robust mineralization now extends over 2.6km, along a prospective trend of over 6km. The company continues its two-rig drill program at Ballywire, with more results expected in the coming weeks.
Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) ha annunciato i risultati di cinque fori di esplorazione all'interno della sua scoperta di zinco-piombo-argento Ballywire in Irlanda. I punti salienti includono:
- G11-3552-17 (360m di estensione): 108.5m di 3.5% Zn+Pb e 25 g/t Ag, inclusi i settori ad alta legge.
- G11-3552-16 (100m di estensione): 24.7m di 3.7% Zn+Pb e 12 g/t Ag.
- G11-3552-15 (360m di estensione): 36.7m di 2.9% Zn+Pb e 12 g/t Ag.
I risultati estendono la mineralizzazione ad alta legge conosciuta per 360m lungo la vena, da 890m a 1.250m. La mineralizzazione robusta ora si estende per oltre 2.6km, lungo una tendenza promettente di oltre 6km. L'azienda continua il suo programma di perforazione con due trivelle a Ballywire, con ulteriori risultati attesi nelle prossime settimane.
Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) ha anunciado resultados de cinco pozos de exploración en su descubrimiento de zinc-plomo-plata Ballywire en Irlanda. Los aspectos más destacados incluyen:
- G11-3552-17 (360m de extensión): 108.5m de 3.5% Zn+Pb y 25 g/t Ag, incluyendo zonas de alta ley.
- G11-3552-16 (100m de extensión): 24.7m de 3.7% Zn+Pb y 12 g/t Ag.
- G11-3552-15 (360m de extensión): 36.7m de 2.9% Zn+Pb y 12 g/t Ag.
Los resultados extienden la mineralización de alta ley conocida en 360m a lo largo de la veta, de 890m a 1,250m. La mineralización robusta ahora se extiende por más de 2.6km, a lo largo de una tendencia prometedora de más de 6km. La compañía continúa su programa de perforación con dos equipos en Ballywire, con más resultados esperados en las próximas semanas.
Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF)는 아일랜드에 있는 Ballywire 아연-납-은 광맥에서 다섯 개의 탐사 홀의 결과를 발표했습니다. 주요 내용은 다음과 같습니다:
- G11-3552-17 (360m의 확장): 3.5% Zn+Pb와 25 g/t Ag의 108.5m, 고품위 구역 포함.
- G11-3552-16 (100m의 확장): 3.7% Zn+Pb와 12 g/t Ag의 24.7m.
- G11-3552-15 (360m의 확장): 2.9% Zn+Pb와 12 g/t Ag의 36.7m.
이 결과는 알려진 고품위 광물화를 360m 연장하여 890m에서 1,250m로 확장합니다. 강력한 광물화는 이제 2.6km 이상에 걸쳐 확장되며, 6km 이상의 유망한 경향을 따라 있습니다. 회사는 Ballywire에서 두 대의 드릴 프로그램을 계속 진행 중이며, 추가 결과는 몇 주 내에 발표될 예정입니다.
Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) a annoncé les résultats de cinq trous d'exploration dans sa découverte de zinc-plomb-argent de Ballywire en Irlande. Les points forts incluent :
- G11-3552-17 (360m d'écartement) : 108,5m de 3,5% Zn+Pb et 25 g/t Ag, y compris des zones à haute teneur.
- G11-3552-16 (100m d'écartement) : 24,7m de 3,7% Zn+Pb et 12 g/t Ag.
- G11-3552-15 (360m d'écartement) : 36,7m de 2,9% Zn+Pb et 12 g/t Ag.
Ces résultats étendent la minéralisation à haute teneur connue sur 360m le long de la veine, de 890m à 1 250m. La minéralisation robuste s'étend désormais sur plus de 2,6 km, le long d'une tendance prometteuse de plus de 6 km. La société poursuit son programme de forage à deux engins à Ballywire, avec d'autres résultats attendus dans les semaines à venir.
Die Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) hat Ergebnisse von fünf Erkundungsbohrungen in ihrer Ballywire Zink-Blei-Silber-Entdeckung in Irland bekannt gegeben. Die Highlights umfassen:
- G11-3552-17 (360m Abstandsbohrung): 108.5m mit 3.5% Zn+Pb und 25 g/t Ag, einschließlich hochgradiger Zonen.
- G11-3552-16 (100m Abstandsbohrung): 24.7m mit 3.7% Zn+Pb und 12 g/t Ag.
- G11-3552-15 (360m Abstandsbohrung): 36.7m mit 2.9% Zn+Pb und 12 g/t Ag.
Die Ergebnisse erweitern die bekannte hochgradige Mineralisierung um 360m entlang des Streichens, von 890m auf 1.250m. Eine robuste Mineralisierung erstreckt sich nun über mehr als 2.6km entlang eines vielversprechenden Trends von über 6km. Das Unternehmen setzt sein Zweibohrgerät-Programm in Ballywire fort, mit weiteren Ergebnissen, die in den kommenden Wochen erwartet werden.
- Significant extension of high-grade mineralization by 360m along strike
- Intercept of 108.5m of 3.5% Zn+Pb and 25 g/t Ag in step-out hole
- Robust mineralization now extends over 2.6km along a 6km prospective trend
- Ongoing two-rig drill program with more results expected soon
- None.
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2024) - Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce results from the five most recent step-out holes of the 2024 drill program at the Company's
Highlight Intersections
- G11-3552-17 (a 360m step-out to the NE): 108.5m of
3.5% Zn+Pb (2.8% Zn and0.7% Pb) and 25 g/t Ag (starting from 143m downhole), including:- 5.6m of
13.1% Zn+Pb (10.5% Zn and2.6% Pb) and 116 g/t Ag and - 4.2m of
15.2% Zn+Pb (14.4% Zn and0.8% Pb) and 34 g/t Ag and - 4.9m of
9.7% Zn+Pb (6.8% Zn and2.8% Pb) and 39 g/t Ag and - 3.6m of
3.1% Zn+Pb (1.3% Zn and1.8% Pb), 101 g/t Ag and0.45% Cu
- 5.6m of
- G11-3552-16 (a 100m step-out to the NE): 24.7m of
3.7% Zn+Pb (2.9% Zn and0.7% Pb) and 12 g/t Ag (starting from 254m), including:- 7.4m of
9.1% Zn+Pb (7.4% Zn and1.7% Pb) and 29 g/t Ag
- 7.4m of
- G11-3552-15 (a 360m step-out to the NE): 36.7m of
2.9% Zn+Pb (1.6% Zn and1.3% Pb) and 12 g/t Ag (starting from 236m), including:- 3.8m of
5.9% Zn+Pb (4.5% Zn and1.4% Pb) and 17 g/t Ag and - 3.7m of
5.2% Zn+Pb (3.2% Zn and2.0% Pb) and 13 g/t Ag and - 4.5m of
4.5% (1.9% Zn and2.7% Pb) and 27 g/t Ag
- 3.8m of
- Two-rig drill program at Ballywire continues on schedule with the next assay results expected over the coming few weeks (three holes are currently completed with assays pending)
"We are excited that the high-grade footprint of the Ballywire discovery has leapt forward again," stated Bart Jaworski, CEO. "Today's drill results extend known high-grade mineralization at Ballywire by 360m along strike from 890m to 1,250m, and provide compelling evidence that mineralization is intensifying towards the shallower, northeastern portion of the discovery area. The 108.5m intercept announced today is particularly notable given high-grade zones occur throughout the interval."
"Together with historic hole 97-468-2 and our larger step-outs earlier this year, robust mineralization pierced by drilling at Ballywire extends over 2.6km, along a prospective trend of over 6km. Given today's additional intervals of significant massive sulphide, Ballywire is again showing signs of a major zinc-lead-silver discovery. With two rigs turning, we look forward to providing further drill results over the coming few weeks."
Exhibit 1. Cross-Section A-A' of G11-3552-15 and -17 (360m Step-Out NE) at Ballywire
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Note: G11-3552-19 is completed with assay pending; G11-3552-21 is currently being drilled; 360m step-out refers to the distance of this fence of drilling from G11-3552-12.
Exhibit 2. Plan Map Showing New Drilling at Ballywire
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Exhibit 3. Cross-Section B-B' of G11-3552-16 (100m Step-Out Hole NE) at Ballywire
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https://images.newsfilecorp.com/files/5685/224339_exhibit%203.jpg
Note: G11-3552-18, and -20 are completed with assays pending; G11-3552-22 is currently being drilled; 100m step-out refers to the distance of this fence of drilling from G11-3552-12.
Exhibit 4. Cross-Section C-C' of G11-3552-14 (50m Step-Out North) at Ballywire
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Note: 50m step-out refers to the distance from G11-3552-14 to G11-3552-13
Exhibit 5. Summary of Assays from G11-3552-17 at Ballywire
| Item | From (m) | To (m) | Int (m) | Zn (%) | Pb (%) | Zn+Pb (%) | Ag (g/t) | Cu (%) |
| G11-3552-17 | 143.30 | 251.80 | 108.50 | 2.76 | 0.71 | 3.46 | 25.1 | 0.04 |
| Incl. | 143.30 | 157.45 | 14.15 | 5.79 | 1.61 | 7.39 | 66.1 | 0.01 |
| Incl. | 151.85 | 157.45 | 5.60 | 10.54 | 2.55 | 13.09 | 116.2 | 0.02 |
| And | 164.90 | 168.11 | 3.21 | 3.42 | 0.64 | 4.06 | 17.2 | 0.01 |
| And | 174.47 | 192.05 | 17.58 | 2.47 | 0.67 | 3.14 | 13.7 | 0.01 |
| Incl. | 181.87 | 192.05 | 10.18 | 3.08 | 0.92 | 4.01 | 18.1 | 0.01 |
| Incl. | 185.56 | 192.05 | 6.49 | 3.11 | 1.26 | 4.38 | 20.8 | 0.01 |
| Incl. | 185.56 | 189.34 | 3.78 | 3.50 | 1.61 | 5.11 | 25.6 | 0.01 |
| And | 210.02 | 235.94 | 25.92 | 5.08 | 1.10 | 6.19 | 20.7 | 0.03 |
| Incl. | 210.02 | 222.16 | 12.14 | 6.68 | 0.52 | 7.20 | 20.1 | 0.01 |
| Incl. | 210.02 | 216.18 | 6.16 | 10.56 | 0.62 | 11.18 | 30.2 | 0.02 |
| Incl. | 210.02 | 214.22 | 4.20 | 14.39 | 0.78 | 15.17 | 34.3 | 0.02 |
| And | 229.20 | 234.09 | 4.89 | 6.81 | 2.84 | 9.65 | 39.5 | 0.07 |
| And | 241.17 | 251.80 | 10.63 | 1.43 | 0.87 | 2.30 | 76.0 | 0.29 |
| Incl. | 242.09 | 245.70 | 3.61 | 1.27 | 1.83 | 3.10 | 100.8 | 0.45 |
Note: True width of the overall mineralized package above is estimated at approx. 80
Exhibit 6. Summary of Assays from G11-3552-14, -15 and -16 at Ballywire
| Item | From (m) | To (m) | Int (m) | Zn (%) | Pb (%) | Zn+Pb (%) | Ag (g/t) | Cu (%) |
| G11-3552-14 | 216.41 | 233.50 | 17.09 | 1.05 | 0.24 | 1.28 | 3.6 | - |
| Incl. | 216.41 | 224.34 | 7.93 | 1.55 | 0.27 | 1.82 | 5.6 | - |
| Incl. | 216.41 | 221.95 | 5.54 | 1.76 | 0.29 | 2.05 | 6.7 | - |
| Incl. | 216.41 | 219.22 | 2.81 | 2.65 | 0.40 | 3.05 | 10.4 | - |
| G11-3552-15 | 236.49 | 294.82 | 58.33 | 1.09 | 0.83 | 1.92 | 18.6 | - |
| Incl. | 236.49 | 273.16 | 36.67 | 1.58 | 1.29 | 2.87 | 11.6 | - |
| Incl. | 241.11 | 244.87 | 3.76 | 4.50 | 1.43 | 5.94 | 17.0 | - |
| And | 249.42 | 253.13 | 3.71 | 3.16 | 2.04 | 5.19 | 13.1 | - |
| And | 268.65 | 273.16 | 4.51 | 1.85 | 2.67 | 4.52 | 27.5 | - |
| And | 290.96 | 291.45 | 0.49 | 4.68 | 0.47 | 5.15 | 743.0 | 2.28 |
| G11-3552-16 | 254.52 | 279.25 | 24.73 | 2.93 | 0.74 | 3.67 | 12.2 | - |
| Incl. | 254.52 | 263.88 | 9.36 | 6.22 | 1.41 | 7.63 | 24.6 | - |
| Incl. | 255.52 | 262.91 | 7.39 | 7.38 | 1.70 | 9.08 | 28.6 | - |
| Incl. | 255.52 | 259.14 | 3.62 | 9.79 | 1.92 | 11.71 | 39.3 | - |
| G11-2654-03 | 278.23 | 283.91 | 5.68 | 0.21 | 0.04 | 0.26 | 1.6 | - |
| Incl. | 282.70 | 283.91 | 1.21 | 0.70 | 0.13 | 0.83 | 4.7 | - |
| And | 297.14 | 306.63 | 9.49 | 0.13 | 0.04 | 0.16 | 0.7 | - |
Note: True width (as a % of the intersected interval) of the overall mineralized package is approx. 90
Most Recent Five Holes from 2024 Drill Campaign at Ballywire Discovery
The Ballywire prospect at the Company's
High-grade mineralization from the above drill holes consists predominantly of massive and semi-massive sulphide (sphalerite, galena, pyrite, chalcopyrite and suspected tennantite-tetrahedrite), as well as, disseminated and vein hosted sulphide mineralization. Mineralization occurs along and/or close to the base of the Waulsortian limestone (see Exhibit 1).
In addition to the above, G11-2654-03 (testing the 'B' gravity anomaly) extended known mineralization approximately 370m to the southwest from the southwestern edge of the discovery area (see Exhibit 2). The hole returned anomalous mineralization along or near the base of the Waulsortian Limestone. This information coupled with a growing set of structural (fault location) data (see Exhibit 2), suggest mineralization may be faulted southwards in this portion of the Ballywire prospect. Further drilling to the south is warranted and planned for future campaigns.
Exhibit 7. Regional Gravity Map of Ballywire Area Showing 6km Long Prospective Trend
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Notes to Exhibit 8: (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.
Exhibit 8. Regional Map of PG West (
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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.
Quality Assurance/Quality Control (QA/QC) Information
Group Eleven inserts certified reference materials ("CRMs" or "Standards") as well as blank material, to its sample stream as part of its industry-standard QA/QC programme. The QC results have been reviewed by the Qualified Person, who is satisfied that all the results are within acceptable parameters. The Qualified Person has validated the sampling and chain of custody protocols used by Group Eleven.
About Group Eleven Resources
Group Eleven Resources Corp. (TSX.V: ZNG; OTCBB: GRLVF and FRA: 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) - 5.6m of
13.1% Zn+Pb, 116 g/t Ag (G11-3552-17)
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.
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FAQ
What were the key results from Group Eleven's recent drilling at Ballywire?
How far does the mineralization at Ballywire now extend?
What is the current status of Group Eleven's drilling program at Ballywire?
What type of mineralization was found in the recent Ballywire drill holes?
