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Group Eleven Opens Significant New Exploration Potential at Ballinalack via Seismic Re-interpretation
(via TheNewswire) Vancouver, B.C. / TheNewswire / January 18, 2018 - Group Eleven Re...
About this update from Group Eleven Resources Corp.
[{"type":"text","content":"Group Eleven Opens Significant New Exploration Potential at Ballinalack via Seismic Re-interpretation(via TheNewswire)\n \n \nVancouver, B.C. / TheNewswire / January 18, 2018 - Group Eleven Resources Corp. (\"Group Eleven\" or the \"Company\"), is pleased to announce the results from an initial re-interpretation of existing seismic data (\"the Study\") at the Ballinalack zinc-lead project in Ireland (\"the Project\"). The Project is a joint venture between Group Eleven (60% equity interest) and Shenzhen Zhongjin Lingnan Nonfemet Company Limited (\"Nonfemet\"; 40% equity interest), a China-based mining and processing company, representing one of the largest zinc producers in the world.\n\n \n \nThe Study has led to a new interpretation of the regional structure of the Ballinalack property, specifically in the vicinity of the historical estimate (7.7 million tonnes grading 7.3% Zn+Pb1). \n\n \n \nHighlights of the Study:\n\n \n \n-In addition to the Ballinalack fault, which is adjacent to the historical estimate and dips to the NW, there appears to also exist a seemingly larger, hitherto unrecognized structure (\"New Fault\") that dips to the SE (i.e. opposite dip to the Ballinalack fault);\n\n\n \n-This new interpretation places known Ballinalack mineralization in the footwall of the New Fault rather than its hanging wall; \n\n\n \n-Given the best mineralization in Ireland is most commonly found in the hanging wall of major faults, the re-interpretation has potentially significant implications for further exploration at the Project, especially SE of the historic estimate (now the postulated hanging wall);\n\n\n \n-The author of the Study, Dr Alastair Beach, was a key contributor on the seismic interpretations that led to the recent discovery of the Tara Deeps at the Tara (Navan) Mine, 50 km from Ballinalack.\n\n \n \n\"We are very pleased to see such exciting results come from the very first steps in our on-going program to leverage the latest geological thinking and geophysical technology towards systematically rethinking key aspects of the Irish zinc district\" stated Bart Jaworski, CEO. \n\n \n \n\"While at a preliminary stage, the new seismic re-interpretation is a radical rethink of the structural framework of the Ballinalack area and could be transformational for the Project. Importantly, the Study has potential to add high...