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Group Eleven Intersects 11.8m of 11.6% Zn+Pb and 48 g/t Ag; Identifies Emerging Zinc-Rich Massive Sulphide Zone at Ballywire
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2024) - Group Eleven Resources Corp. (...
About this update from Group Eleven Resources Corp.
[{"type":"text","content":"Group Eleven Intersects 11.8m of 11.6% Zn+Pb and 48 g/t Ag; Identifies Emerging Zinc-Rich Massive Sulphide Zone at BallywireVancouver, 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 100%-owned Ballywire zinc-lead-silver discovery (\"Ballywire\"), PG West Project (\"PG West\"), Republic of Ireland.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 and 1.6% Pb) and 26 g/t Ag (starting from 226.9m downhole) including:11.8m of 11.6% Zn+Pb (8.0% Zn and 3.5% Pb) and 48 g/t Ag, including:4.0m of 19.8% Zn+Pb (11.4% Zn and 8.4% Pb) and 104 g/t AgProvides 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) andG11-3552-17: several massive sulphide zones including 4.9m of 9.7% Zn+Pb and 39 g/t Ag; and 4.2m of 15% Zn+Pb and 34 g/t Ag (released 24-Sep-2024)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 LimestoneTwo-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 pri...