Group Eleven Intersects 15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu, incl. 3.5m of 21.3% Zn+Pb, 395 g/t Ag and 0.73% Cu at Ballywire; Silver and Copper Values Continue to Impress
Group Eleven Resources (TSXV: ZNG, OTC: GRLVF) announced significant drilling results from its Ballywire zinc-lead-silver discovery in Ireland. The latest two holes revealed impressive intersections, with hole G11-3552-27 showing 24.8m of 8.1% Zn+Pb, including 15.6m of 11.6% Zn+Pb with 122 g/t Ag and 0.19% Cu. The results confirm a flat-lying zone of zinc-rich massive sulphide lenses extending at least 360m along strike, remaining open to the NE.
The drilling program continues with two rigs testing further down-dip and the NE extension. The company identified three key targets for 2025: exploring a deeper Cu-Ag horizon, drilling along the 6km prospective trend, and searching for parallel mineralization zones. The mineralization occurs predominantly as massive and semi-massive sulphide near the base of the Waulsortian Limestone.
Group Eleven Resources (TSXV: ZNG, OTC: GRLVF) ha annunciato risultati di perforazione significativi dalla sua scoperta di zinco-piombo-argento Ballywire in Irlanda. Gli ultimi due fori hanno mostrato interessanti intersezioni, con il foro G11-3552-27 che mostra 24,8m di 8,1% Zn+Pb, inclusi 15,6m di 11,6% Zn+Pb con 122 g/t Ag e 0,19% Cu. I risultati confermano una zona piatta di lenti di solfuri massicci ricchi di zinco che si estendono per almeno 360m lungo la falda, rimanendo aperti a NE.
Il programma di perforazione continua con due trivelle che testano ulteriormente il dip inferiore e l’estensione NE. L’azienda ha identificato tre obiettivi chiave per il 2025: esplorare un orizzonte Cu-Ag più profondo, perforare lungo il trend prospettico di 6 km e cercare zone di mineralizzazione parallele. La mineralizzazione si verifica prevalentemente come solfuri massicci e semi-massicci vicino alla base della Limestone Waulsortiana.
Group Eleven Resources (TSXV: ZNG, OTC: GRLVF) anunció resultados significativos de perforación de su descubrimiento de zinc-plomo-plata Ballywire en Irlanda. Los dos últimos agujeros revelaron intersecciones impresionantes, siendo el agujero G11-3552-27 el que mostró 24,8m de 8,1% Zn+Pb, incluyendo 15,6m de 11,6% Zn+Pb con 122 g/t Ag y 0,19% Cu. Los resultados confirman una zona plana de lentes masivas de sulfuros ricos en zinc que se extienden al menos 360m a lo largo de la falla, permaneciendo abiertas hacia el NE.
El programa de perforación continúa con dos plataformas que están examinando más abajo y la extensión NE. La compañía identificó tres objetivos clave para 2025: explorar un horizonte más profundo de Cu-Ag, perforar a lo largo de la tendencia prospectiva de 6 km y buscar zonas de mineralización paralelas. La mineralización ocurre predominantemente como sulfuros masivos y semi-masivos cerca de la base de la Caliza Waulsortiana.
Group Eleven Resources (TSXV: ZNG, OTC: GRLVF)은 아일랜드 Ballywire 아연-납-은 발견의 중대한 시추 결과를 발표했습니다. 최근 두 개의 시추 구멍에서 인상적인 교차점을 보였으며, G11-3552-27 구멍에서 24.8m의 8.1% Zn+Pb를 보여주었고, 여기에는 15.6m의 11.6% Zn+Pb가 포함되어 있으며, 122 g/t Ag와 0.19% Cu가 포함되어 있습니다. 이 결과는 NE 방향으로 계속 열려 있는 아연 풍부한 대량 황화물 렌즈의 평탄한 구역을 확인합니다.
시추 프로그램은 두 개의 드릴을 사용하여 추가적으로 하향 시추와 NE 확장을 시험하고 있습니다. 회사는 2025년을 위한 세 가지 주요 목표를 설정했습니다: 더 깊은 Cu-Ag 지평을 탐색하고, 6km의 탐사 동향을 따라 시추하며, 평행 광물화 구역을 찾는 것입니다. 광물화는 주로 Waulsortian 석회암의 바닥 근처에서 대량 및 반대량 황화물 형태로 발생합니다.
Group Eleven Resources (TSXV: ZNG, OTC: GRLVF) a annoncé des résultats de forage significatifs de sa découverte de zinc-plomb-argent Ballywire en Irlande. Les deux derniers forages ont révélé des intersections impressionnantes, le forage G11-3552-27 montrant 24,8m de 8,1% Zn+Pb, incluant 15,6m de 11,6% Zn+Pb avec 122 g/t Ag et 0,19% Cu. Les résultats confirment une zone plate de lentilles massives de sulfures riches en zinc s'étendant sur au moins 360m le long de la faille, restant ouvertes vers le NE.
Le programme de forage se poursuit avec deux foreuses testant plus bas et l'extension NE. L'entreprise a identifié trois objectifs clés pour 2025 : explorer un horizon Cu-Ag plus profond, forer le long de la tendance prospective de 6 km et chercher des zones de minéralisation parallèles. La minéralisation se produit principalement sous forme de sulfures massifs et semi-massifs près de la base du calcaire waulsortien.
Group Eleven Resources (TSXV: ZNG, OTC: GRLVF) hat bedeutende Bohrergebnisse aus seiner Zink-Blei-Silber-Entdeckung Ballywire in Irland bekannt gegeben. Die neuesten zwei Bohrlöcher zeigten beeindruckende Intersektionen, wobei das Loch G11-3552-27 24,8m mit 8,1% Zn+Pb aufwies, einschließlich 15,6m mit 11,6% Zn+Pb, 122 g/t Ag und 0,19% Cu. Die Ergebnisse bestätigen eine flachliegende Zone von zinkreichen massiven Sulfidlinsen, die sich mindestens 360m entlang der Streichrichtung erstrecken und nach NW offen bleiben.
Das Bohrprogramm wird mit zwei Rigs fortgesetzt, die weiter nach unten und die NE-Erweiterung testen. Das Unternehmen hat drei wichtige Ziele für 2025 identifiziert: Erkundung eines tieferen Cu-Ag-Horizontes, Bohrungen entlang des 6 km langen Erkundungstrends und die Suche nach parallelen Mineralisierungszonen. Die Mineralisierung tritt überwiegend als massive und semi-massive Sulfide nahe der Basis des Waulsortian-Kalksteins auf.
- High-grade mineralization with significant zinc, lead, silver, and copper values
- Confirmation of 360m strike length of massive sulphide zone, open for expansion
- 100% ownership of the Ballywire project
- Consistent high-grade intersections across multiple drill holes
- Active exploration with two drilling rigs
- Additional assay results still pending for over 50m within hole G11-3552-27
- Only one of four gravity high anomalies systematically drilled to date
Vancouver, British Columbia--(Newsfile Corp. - February 6, 2025) - Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce results from the latest two holes of the ongoing drill program at the Company's
Highlights:
- G11-3552-27 intersected (from 213.0m):
- 24.8m of
8.1% Zn+Pb (5.8% Zn and2.3% Pb), 80 g/t Ag and0.12% Cu, including - 15.6m of
11.6% Zn+Pb (8.3% Zn and3.3% Pb), 122 g/t Ag and0.19% Cu, including - 6.6m of
16.7% Zn+Pb (11.1% Zn and5.7% Pb), 240 g/t Ag and0.42% Cu, including - 3.5m of
21.3% Zn+Pb (13.3% Zn and8.0% Pb), 395 g/t Ag and0.73% Cu - Located in middle of 270m gap between two previously released drill fences
- 24.8m of
- G11-3552-25 intersected (from 187.2m):
- 16.2m of
2.8% Zn+Pb (2.1% Zn and0.7% Pb) and 8 g/t Ag, including - 4.6m of
7.4% Zn+Pb (5.6% Zn and1.8% Pb) and 21 g/t Ag, including - 1.9m of
12.9% Zn+Pb (9.6% Zn and3.3% Pb) and 39 g/t Ag - Located 50m NNW from G11-3552-27
- 16.2m of
- Above results confirm the extent of the recently announced flat-lying zone of zinc-rich massive sulphide lenses at least 360m along strike and remaining open to the NE
- Massive sulphide zone is pierced by G11-3552-27 and seven previously released holes, of which three are referenced below:
- G11-3552-12: 29.6m of
10.6% Zn+Pb and 78 g/t Ag (released 11-Jun-24) - G11-3552-18: 11.8m of
11.6% Zn+Pb and 48 g/t Ag (released 22-Oct-24) - G11-3552-19: 15.3m of
14.5% Zn+Pb and 56 g/t Ag (released 14-Nov-24)
- G11-3552-12: 29.6m of
- Drilling continues at Ballywire with two rigs testing further down-dip of the two holes released today, plus the NE extension; assay results are expected in due course
"It is great to see the NE massive sulphide zone now consistently intersected by eight high-grade holes over a strike length of 360m and open to the NE," stated Bart Jaworski, CEO. "Excellent silver and significant copper values are also noteworthy because they increasingly point to a stratigraphically deeper horizon known to be highly prospective for copper and silver in this part of Ireland. Namely, the Gortdrum Cu-Ag mine, active in the 1960s and 70s, is located 10km NE of Ballywire, whereas, the Denison and Tullacondra Cu-Ag historic occurrences are 5km SE and 45km SW of Ballywire, respectively. A deeper Cu-Ag horizon at Ballywire is one of our key targets for 2025.
Our two other key targets include: (i) exploration drilling along strike from the drilled 2.6km-long discovery area towards the encompassing 6km long prospective trend and (ii) up and down dip from the discovery trend in search of parallel zones of mineralization. We eagerly await results from drilling down dip of today's results and along the NE extension."
Exhibit 1. Cross-Section A-A' of G11-3552-25, -27 (Filling In 270m Gap Between Fences) at Ballywire
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Exhibit 2. Plan Map Showing Key New Drilling (G11-3552-25, -27) at Ballywire
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Exhibit 3. Emerging Massive Sulphide Zone and Upcoming Drill Results at Ballywire
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Recent Holes from Ballywire Discovery
The Ballywire prospect at the Company's
High-grade mineralization from G11-3552-25 and -27 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).
Exhibit 4. Summary of Assays from G11-3552-25 and -27 at Ballywire
| Item | From (m) | To (m) | Int (m) | Zn (%) | Pb (%) | Zn+Pb (%) | Ag (g/t) | Cu (%) |
| G11-3552-25 | 187.15 | 203.35 | 16.20 | 2.14 | 0.69 | 2.83 | 8.00 | - |
| Incl. | 187.15 | 195.51 | 8.36 | 3.59 | 1.11 | 4.70 | 14.49 | - |
| Incl. | 190.87 | 195.51 | 4.64 | 5.59 | 1.82 | 7.41 | 20.97 | - |
| Incl. | 192.69 | 194.60 | 1.91 | 9.59 | 3.32 | 12.92 | 39.19 | - |
| G11-3552-27 | 213.00 | 237.81 | 24.81 | 5.84 | 2.28 | 8.11 | 80.4 | 0.12 |
| Incl. | 219.42 | 235.06 | 15.64 | 8.30 | 3.28 | 11.59 | 122.1 | 0.19 |
| Incl. | 219.42 | 222.21 | 2.79 | 15.57 | 3.77 | 19.35 | 92.79 | 0.03 |
| And | 228.51 | 235.06 | 6.55 | 11.06 | 5.65 | 16.71 | 240.0 | 0.42 |
| Incl. | 230.36 | 233.90 | 3.54 | 13.26 | 8.01 | 21.27 | 395.1 | 0.73 |
Note: True width of the overall mineralized package in all holes above is estimated at approx. 90
Overall, recent drilling suggests the emergence of two distinct styles of mineralization. First, relatively flat-lying zinc-rich massive sulphide lenses and second, 'other high-grade mineralization', dominated by variably dipping massive sulphides, as well as, vein-hosted and disseminated mineralization (see Exhibits 1-3). Both styles occur at or near the base of the Waulsortian Limestone and offer great exploration opportunities as drilling progresses.
Looking forward, seven (7) drill holes (G11-3552-24, -26, -28 and 29 to -32; see Exhibit 3) are in progress with results expected in due course. Exhibit 3 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). This in turn is hosted within a 6km long prospective trend defined by four gravity high anomalies, only one of which (anomaly 'C') is systematically drilled to date (see Exhibit 5).
Exhibit 5. Regional Gravity at Ballywire 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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Note: Two westernmost prospecting licenses were surrendered in December 2024 from the Stonepark Project, reflecting decreasing prospectivity and the Company's preference to focus on core prospects (Ballywire and Carrickittle West)
Consultant
The Company has engaged ProConsul Capital Ltd. ("ProConsul") to provide investment marketing consulting services (the "Services") commencing February 6th, 2025. In consideration for the Services, the Company will pay a fee of 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. (TSXV: ZNG) (OTC Pink: GRLVF) and (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:
- 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 - 11.8m of
11.6% Zn+Pb, 48 g/t Ag (G11-3552-18) - 15.6m of
11.6% Zn+Pb, 122 g/t Ag and0.19% Cu (G11-3552-27)
Ballywire is located 20km from Company's
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 Stonepark MRE is 5.1 million tonnes of
2 Pallas Green MRE is 45.4 million tonnes of
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FAQ
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