Business
Group Eleven Commences Drilling at Ballinalack and Provides Exploration Update
(via TheNewswire) Vancouver, B.C. / TheNewswire / March 05, 2018 - Group Eleve...
About this update from Group Eleven Resources Corp.
[{"type":"text","content":"Group Eleven Commences Drilling at Ballinalack and Provides Exploration Update(via TheNewswire)\n \n \nVancouver, B.C. / TheNewswire / March 05, 2018 - Group Eleven Resources Corp. (\"Group Eleven\" or the \"Company\") is pleased to provide an exploration update on its zinc projects in Ireland. Group Eleven's vision is to discover Ireland's next big zinc mine by using out-of-the-box thinking, the latest concepts and cutting-edge technology - all applied to its large database and strategic land package. The Company has a two-pronged, mutually reinforcing approach pairing regional 'Big Think' and near-term growth through resource building and drill target testing. \n\n \n \nHighlights are as follows:\n\n \n \nBallinalack \n\n\n \n\n\n- Lies 50 km west of Navan (one of the world's largest zinc deposits, hosted in Pale Beds Limestone)\n\n\n\n- Extensive mineralization known in younger, near-surface Waulsortian Limestone\n\n\n\n- Mineralized Pale Beds known at depth that may host Navan-scale mineralization\n\n\n\n- Drilling focussing on Pale Beds targets beneath the strongest near-surface mineralization\n\n\n\n- One rig active, second due shortly\n\n\n\n \n \nStonepark\n\n\n \n\n\n- Next to Glencore's Pallas Green property (one of the world's largest undeveloped zinc deposits)\n\n\n\n- Stonepark discoveries by Teck Resources in 2007-2009, suggest large-scale mineralization system\n\n\n\n- District-scale perspective suggests potential for more extensive mineralization \n\n\n\n- Drilling is expected to begin at Stonepark North in the next few weeks\n\n\n\n \n \nTralee\n\n\n \n\n\n- Among the most overlooked parts of the 'Irish Orefield'\n\n\n\n- Castlemaine prospect - medieval workings with initial similarities to Kilbricken zinc (silver) deposit \n\n\n\n- Highest silver grade (223 g/t Ag) to date returned from recent surface grab float sample\n\n\n\n \n \n\"We are excited to be undertaking our first drill program as a public company, and I'm particularly pleased our recent 3D computer modelling has allowed us to start testing the Pale Beds at Ballinalack well ahead of our original timeframe\" started Bart Jaworski, CEO. \"Fieldwork on our other projects is just starting to kick into high-gear, but it is gratifying to see that preliminary work at the Castlemaine prospect is yielding positive results, adding further granularity to our o...