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Group Eleven Announces Maiden Inferred Mineral Resource at Stonepark of 5.3Mt at 11.15% Zn+Pb; Open Along and Across Strike
(via TheNewswire) Vancouver, B.C. / TheNewswire / April 17, 2018 - Group Ele...
About this update from Group Eleven Resources Corp.
[{"type":"text","content":"Group Eleven Announces Maiden Inferred Mineral Resource at Stonepark of 5.3Mt at 11.15% Zn+Pb; Open Along and Across Strike(via TheNewswire)\n \n \n\n\n \n \nVancouver, B.C. / TheNewswire / April 17, 2018 - Group Eleven Resources Corp. (\"Group Eleven\" or the \"Company\") is pleased to announce a maiden independent Mineral Resource estimate at its Stonepark zinc project in Ireland, of 5.3 million tonnes grading 11.15% Zn+Pb combined (8.55% zinc and 2.60% lead) in the Inferred Mineral Resource category (prepared in accordance with CIM guidelines; see Exhibit 1). The Mineral Resource estimate was prepared by CSA Global (UK) Ltd. (\"CSA Global\") under contract to SLR Consulting Ireland (\"SLR\") and was based on drilling conducted by Teck Resources Limited (the previous operator) from 2007 to 2011.\n\n \n \nThe deposit is relatively shallow (occurring at depths ranging from 190m to 395m) and consists of flat-lying, stratiform (1.0 to >7.5m thick) lenses of massive to semi-massive sphalerite, galena and pyrite hosted in thick (10 to >75m) hydrothermal alteration bodies (primarily black matrix breccia, or \"BMB\") within the Waulsortian limestone. SLR and CSA Global comment that the Mineral Resource is open along and across strike and recommend additional step-out drilling to potentially augment the resource base.\n\n \n \nExhibit 1. Summary table of maiden Mineral Resource at Stonepark zinc project, Ireland\n\n\n \n\n\n\nClick Image To View Full Size\n\n\n\n \n \n Note: See Exhibit 2 for additional notes regarding Mineral Resource reporting parameters and assumptions.\n\n \n \n\"This maiden Mineral Resource marks a significant milestone for Group Eleven as it demonstrates not only very attractive grades in a global context, but also significant tonnage from an Irish perspective. Past producing Irish zinc mines, Tynagh and Galmoy, for example, were about 10 million tonnes in size\" stated Bart Jaworski, CEO.\n\n \n \n\"At Stonepark, the relatively continuous and shallow nature of the Mineral Resource is particularly interesting given its immediate proximity to Glencore's Pallas Green deposit - one of the largest undeveloped zinc deposits in the world. Pallas Green is substantially deeper than Stonepark. With the Stonepark resource still open along and across strike, five compelling regional targets within a 10km-radius of the...