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Group Eleven Resources Corp.
Summary
| Project: | Ballinalack | |
|---|---|---|
| Deposit: | Ballinalack | |
| Location: | Ireland | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 8/7/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-8-2018: Group Eleven Resources Corp. announces an Exploration/Drilling Update report for its Ballinalack deposit at the Ballinalack project. Drilling results incl. 10.33m @ 8.88% Zn, 1.70% Pb, 51.8g/t Ag from 60.10m. Vancouver, Canada, August 7, 2018 – | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Barry (Internal) | |
| ABSTRACT: | Vancouver, Canada, August 7, 2018 – Group Eleven Resources Corp. (TSX.V: ZNG, OTCQB: GRLVF) (“Group Eleven” or the “Company”) is pleased to provide the results from two initial drill holes from its Ballinalack zinc-lead project in Ireland (“Ballinalack” or the “Project”). Ballinalack is a joint venture between Group Eleven (60%-interest) and Shenzhen Zhongjin Lingnan Nonfemet Company Limited (“Nonfemet”, 40%- interest), one of the largest zinc producers in China. The Project is located 50 kilometres from Boliden’s substantial Navan (Tara) zinc mine. “We are thrilled that our bold steps to quickly and efficiently increase our understanding of the Ballinalack system via our ‘Big Think’ strategy are vectoring us towards four priority Navan Beds targets near the historical estimate” stated Bart Jaworski, CEO. “Importantly, our drilling suggests historic attempts to test hanging wall Navan Beds targets at Ballinalack were indeed drilled too far down dip – leaving these prospective areas virtually untested.” “Additionally, our work is showing that cross-faults may have a much more significant role in controlling mineralization than has been previously recognized. This realization has shed an exciting new light on our emerging Navan Beds targets both proximally to the historical estimate and regionally on the property. Lastly, it is gratifying to see our drilling yield robust silver grades, given a large portion of historically assayed intervals were run only for zinc and lead.” | |
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