Group Eleven Intersects 11.8m of 11.6% Zn+Pb and 48 g/t Ag; Identifies Emerging Zinc-Rich Massive Sulphide Zone at Ballywire
Group Eleven Resources Corp. (TSXV: ZNG) (OTCBB: GRLVF) has announced results from a recent step-out hole at its 100%-owned Ballywire zinc-lead-silver discovery in Ireland. The hole G11-3552-18 intersected 36.6m of 6.4% Zn+Pb and 26 g/t Ag, including 11.8m of 11.6% Zn+Pb and 48 g/t Ag.
This provides evidence of an emerging zinc-rich massive sulphide zone at the base of the Waulsortian Limestone, extending at least 360m along strike. The zone is part of a 2.6km long northeasterly trend of mineralized intercepts within a 6km long prospective trend.
The company's CEO, Bart Jaworski, stated that the recent drilling aligns the project with classic Irish-type zinc deposits. The drill program continues with two rigs, and further results are expected in the coming weeks.
Group Eleven Resources Corp. (TSXV: ZNG) (OTCBB: GRLVF) ha annunciato i risultati di un recente foro di approfondimento presso la sua scoperta di zinco-piombo-argento Ballywire, di cui possiede il 100% in Irlanda. Il foro G11-3552-18 ha intercettato 36.6m di 6.4% Zn+Pb e 26 g/t Ag, inclusi 11.8m di 11.6% Zn+Pb e 48 g/t Ag.
Questo fornisce evidenze di una zona emergente di solfuri massivi ricchi di zinco alla base del Calcare Waulsortiano, estendendosi per almeno 360m lungo la strike. La zona fa parte di un trend mineralizzato lungo 2.6km che si estende a nordest all'interno di un trend prospettico lungo 6km.
Il CEO dell'azienda, Bart Jaworski, ha dichiarato che la recente perforazione allinea il progetto con i classici depositi di zinco di tipo irlandese. Il programma di perforazione continua con due trivelle, e ulteriori risultati sono attesi nelle prossime settimane.
Group Eleven Resources Corp. (TSXV: ZNG) (OTCBB: GRLVF) ha anunciado los resultados de un reciente pozo de perforación en su descubrimiento de zinc-plomo-plata Ballywire en Irlanda, del cual posee el 100%. El pozo G11-3552-18 intersectó 36.6m de 6.4% Zn+Pb y 26 g/t Ag, incluyendo 11.8m de 11.6% Zn+Pb y 48 g/t Ag.
Esto proporciona evidencia de una zona emergente de sulfuros masivos ricos en zinc en la base de la Caliza Waulsortiana, que se extiende al menos 360m a lo largo de la strike. La zona es parte de una tendencia mineralizada de 2.6km que se extiende hacia el noreste dentro de una tendencia prospectiva de 6km.
El CEO de la empresa, Bart Jaworski, declaró que la reciente perforación alinea el proyecto con los depósitos de zinc de tipo irlandés. El programa de perforación continúa con dos equipos, y se esperan más resultados en las próximas semanas.
Group Eleven Resources Corp. (TSXV: ZNG) (OTCBB: GRLVF)는 아일랜드의 100% 소유인 발리와이어 아연-납-은 발견에서 최근 익스텝 홀의 결과를 발표했습니다. 홀 G11-3552-18는 6.4% Zn+Pb 및 26 g/t Ag의 36.6m을 관통했으며, 11.8m의 11.6% Zn+Pb 및 48 g/t Ag도 포함되었습니다.
이는 Waulsortian 석회암의 기반에서 아연이 풍부한 대량 황화물존이 떠오르고 있음을 보여주며, 최소한 360m 동안 연장됩니다. 이 지역은 2.6km 길이의 북동쪽 경향에 속하며, 6km 길이의 잠재적인 경향 안에 위치합니다.
회사의 CEO인 Bart Jaworski는 최근의 시추가 이 프로젝트를 전통적인 아일랜드형 아연 광상과 일치시킨다고 언급했습니다. 시추 프로그램은 두 대의 장비로 계속 진행되고 있으며, 향후 몇 주 안에 더 많은 결과가 나올 것으로 기대하고 있습니다.
Group Eleven Resources Corp. (TSXV: ZNG) (OTCBB: GRLVF) a annoncé les résultats d'un récent forage d'extension sur sa découverte de zinc-plomb-argent Ballywire, dont elle détient 100% en Irlande. Le forage G11-3552-18 a intersecté 36,6m de 6,4% Zn+Pb et 26 g/t Ag, incluant 11,8m de 11,6% Zn+Pb et 48 g/t Ag.
Ceci fournit des preuves d'une zone émergente de sulfures massifs riches en zinc à la base de la limstone Waulsortian, s'étendant sur au moins 360m le long de l'extension. La zone fait partie d'une tendance minéralisée de 2,6 km de perçages au nord-est, au sein d'une tendance prospective de 6 km.
Le PDG de l'entreprise, Bart Jaworski, a déclaré que le forage récent aligne le projet avec les dépôts de zinc de type irlandais. Le programme de forage se poursuit avec deux foreuses, et d'autres résultats sont attendus dans les semaines à venir.
Group Eleven Resources Corp. (TSXV: ZNG) (OTCBB: GRLVF) hat die Ergebnisse eines kürzlich durchgeführten Bohrlochs in seiner 100%-igen Ballywire-Zink- Blei- Silberentdeckung in Irland bekannt gegeben. Das Loch G11-3552-18 durchteufte 36,6m mit 6,4% Zn+Pb und 26 g/t Ag, einschließlich 11,8m mit 11,6% Zn+Pb und 48 g/t Ag.
Dies liefert Beweise für eine aufkommende, zinkreiche massive Sulfidzonen an der Basis der Waulsortian-Kalksteine, die sich mindestens 360m entlang der Strike erstreckt. Die Zone gehört zu einem 2,6km langen nordöstlichen Trend von mineralisierten Durchbohrungen innerhalb eines 6km langen prospektiven Trends.
Der CEO des Unternehmens, Bart Jaworski, erklärte, dass die aktuelle Bohrungen das Projekt mit klassischen irischen Zinkablagerungen in Einklang bringen. Das Bohrprogramm wird mit zwei Rigs fortgesetzt, und weitere Ergebnisse werden in den kommenden Wochen erwartet.
- Significant high-grade zinc-lead-silver intersection in step-out hole G11-3552-18
- Emerging zinc-rich massive sulphide zone identified, extending 360m along strike
- Mineralization appears to be widening, intensifying, and getting shallower to the northeast
- Two-rig drill program continuing with more results expected soon
- Project aligning with classic Irish-type zinc deposits
- None.
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2024) - Group Eleven Resources Corp. (TSXV: ZNG) (OTCBB: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce results from a recent step-out hole of the 2024 drill program at the Company's
Highlights:
- G11-3552-18 (a 50m step-out to the NNW from G11-3552-16) intersected:
- 36.6m of
6.4% Zn+Pb (4.8% Zn and1.6% Pb) and 26 g/t Ag (starting from 226.9m downhole) including: - 11.8m of
11.6% Zn+Pb (8.0% Zn and3.5% Pb) and 48 g/t Ag, including: - 4.0m of
19.8% Zn+Pb (11.4% Zn and8.4% Pb) and 104 g/t Ag
- 36.6m of
- Provides additional evidence that mineralizing system at Ballywire is gaining strength to northeast with the emergence of a relatively flat-lying zone of zinc-rich massive sulphide lenses located at the base of the Waulsortian Limestone and extending at least 360m along strike (open)
- Zone is pierced by today's intercept, as well as the following three previously released holes:
- G11-3552-12: 29.6m of
10.6% Zn+Pb and 78 g/t Ag (Group Eleven's best intercept to date; released 11-Jun-2024) - G11-3552-13: 6.1m of
11.4% Zn+Pb and 85 g/t Ag (released 01-Aug-24) and - G11-3552-17: several massive sulphide zones including 4.9m of
9.7% Zn+Pb and 39 g/t Ag; and 4.2m of15% Zn+Pb and 34 g/t Ag (released 24-Sep-2024)
- G11-3552-12: 29.6m of
- Above mineralization is contained within a 2.6km long northeasterly trend of significantly mineralized drill intercepts, and within an overall 6km long prospective trend, also northeasterly, defined by four gravity-high anomalies along the Waulsortian Limestone
- Two-rig drill program at Ballywire continues on schedule with the next assay results expected over the coming few weeks
"Our recent drilling at Ballywire has intersected continuous, flat-lying, zinc-rich massive sulphide lenses at the base of the Waulsortian limestone, an important development that further aligns the project with classic Irish-type zinc deposits," stated Bart Jaworski, CEO. "We have hit these massive sulphides over an open 360 metres of strike and mineralization appears to be widening, intensifying and getting shallower as we move northeast."
"Our immediate priority is to further delineate this new, flat-lying, massive sulphide zone, while we also aim to grow the broader 2.6km footprint of the discovery and follow up on silver and copper potential beneath the zinc and lead rich horizons. Our drill program continues with two rigs and further drill results will be released over the coming weeks as we continue to explore Ballywire's 6km long prospective trend."
Exhibit 1. Cross-Section A-A' of G11-3552-18 (50m Step-Out NNW) at Ballywire
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Note: G11-3552-20 and -22 is completed with assay pending; 50m step-out refers to the distance from G11-3552-16
Exhibit 2. Plan Map Showing New Drilling (G11-3552-18) at Ballywire
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Recent Hole from 2024 Drill Campaign at Ballywire Discovery
The Ballywire prospect at the Company's
Exhibit 3. Summary of Assays from G11-3552-18 at Ballywire
| Item | From (m) | To (m) | Int (m) | Zn (%) | Pb (%) | Zn+Pb (%) | Ag (g/t) |
| G11-3552-18 | 226.90 | 263.45 | 36.55 | 4.81 | 1.58 | 6.39 | 26.3 |
| Incl. | 226.90 | 240.82 | 13.92 | 3.97 | 0.85 | 4.82 | 16.7 |
| Incl. | 226.90 | 233.93 | 7.03 | 4.52 | 1.06 | 5.58 | 16.1 |
| Incl. | 226.90 | 231.68 | 4.78 | 4.74 | 1.30 | 6.04 | 16.8 |
| And | 237.50 | 240.82 | 3.32 | 6.17 | 0.81 | 6.98 | 23.2 |
| And | 245.48 | 263.45 | 17.97 | 6.49 | 2.54 | 9.03 | 40.0 |
| Incl. | 248.44 | 263.45 | 15.01 | 7.17 | 2.95 | 10.12 | 45.4 |
| Incl. | 247.75 | 259.54 | 11.79 | 8.05 | 3.52 | 11.57 | 48.1 |
| Incl. | 255.59 | 259.54 | 3.95 | 11.42 | 8.36 | 19.78 | 103.6 |
| Incl. | 257.50 | 259.26 | 1.76 | 15.64 | 14.72 | 30.36 | 184.4 |
Note: True width of the overall mineralized package above is estimated at approx. 90
High-grade mineralization from G11-3552-18 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).
Overall, recent drilling suggests the emergence of two distinct styles of mineralization. First, relatively flat-lying zinc-rich massive sulphide lenses and second, 'other mineralization', predominantly observed over the last two years and dominated by variably dipping massive sulphides, as well as, vein-hosted and disseminated mineralization (see Exhibit 2). Both styles occur at or near the base of the Waulsortian Limestone and offer great exploration opportunities as drilling progresses.
Exhibit 4. Emerging Massive Sulphide Zone and Upcoming Drill Results at Ballywire
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Looking forward, five drill holes (G11-3552-19 to -23; see Exhibit 4) have recently been completed with assay results expected over the coming weeks. Additionally, two other holes (-24 and -25) are in-progress, located northeast of G11-3552-18 and northeast of G11-3552-19, respectively. Exhibit 4 shows drilling to date across 1.25km of the overall 2.6km long trend (see Exhibit 2) of significantly mineralized drill intercepts (open in all directions).
Exhibit 5. Regional Gravity Map of Ballywire Area Showing 6km Long Prospective Trend
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Notes to Exhibit 6: (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 6. Regional Map of PG West (
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Third Party Agreement
The Company has entered into an advertising and investor awareness campaign with Dig Media Inc. dba Investing News Network ("INN"). INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007 at www.investingnews.com. For the 6-month term of the agreement, unless terminated earlier, INN will provide advertising to increase awareness of Group Eleven. INN does not provide Investor Relations or Market Making services. The cost of the campaign is C
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:
- 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) - 11.8m of
11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)
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.sedarplus.ca 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
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