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Group Eleven Resources Corp.
Summary
| Project: | Ballinalack | |
|---|---|---|
| Deposit: | Ballinalack | |
| Location: | Ireland | |
| Commodities: | Zinc-Lead | |
| Date: | 3/19/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-3-2020: Group Eleven Resources Corp. announces an Exploration/Drilling Update report for its Ballinalack deposit at the Ballinalack project. Drilling results incl. 22.3m @ 0.4% Zn, 0.08% Pb from 101.7m. Vancouver, Canada, March 19, 2020 – Group Eleven | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Furlong (Internal) | |
| ABSTRACT: | Vancouver, Canada, March 19, 2020 – Group Eleven Resources Corp. (TSX.V: ZNG; OTC: GRLVF; FRA: 3GE) (“Group Eleven” or the “Company”) is pleased to announce that recent drilling at its 60%-interest Ballinalack Zinc Project (“Ballinalack”) in the Republic of Ireland, has intersected a shallow and thick zone of strongly anomalous zinc and lead mineralization within the Navan Beds, located approximately five kilometres along trend from the existing Ballinalack zinc-lead deposit(5.4 million tonnes of 7.6% zinc and 1.1% lead1 in the Inferred category;see newsrelease dated November 28, 2018). Strongly anomalouszinc-lead mineralization was also intersected in the Navan Beds directly below the Ballinalack deposit (in addition to highly-elevated PGM-Cu-Ni-Co intercepts, as announced on January 14, 2020). Ballinalack is located approximately 50 kilometres west of Boliden’s Navan (aka ‘Tara’)zinc-lead mine (one of the largestzinc depositsin the world2 ). “The latest drill results have been successful in identifying a new and very compelling zinc target at Ballycorkey with geological attributes similar to nearby zinc deposits at Navan and Ballinalack,” stated Bart Jaworski, CEO. “The Navan Beds are clearly underexplored at the Ballinalack property and significant discovery potential remains both regionally and near the existing resource.” | |
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