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Group Eleven Resources Corp.
Summary
| Project: | Silvermines | |
|---|---|---|
| Deposit: | Silvermines | |
| Location: | Ireland | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 10/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-10-2017: Group Eleven Resources Corp. announces a Supporting Acquisition report for its Silvermines deposit at the Silvermines project. Summary of property in support of acquisition. In January 2017, SLR Consulting (Ireland) Ltd. (SLR) was requested by | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John George Kelly, Paul Gordon (SLR Consulting Ltd.) | |
| ABSTRACT: | In January 2017, SLR Consulting (Ireland) Ltd. (SLR) was requested by the directors of Group Eleven Resources Corp. (GERC), registered in Ireland with offices at 2200-885 West Georgia St, Vancouver, BC, Canada, to complete an independent National Instrument 43-101 format technical report (the ‘Independent Report’) on the Silvermines project (the Project), located in Ireland. The Independent Report was prepared by EurGeol Dr John G. Kelly, PGeo, MIMMM, MIQ and EurGeol Paul Gordon, PGeo, MSc both of whom are “qualified persons” and independent of GERC and all its subsidiaries within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI43-101”). As independent geologists, the authors were requested to review the available exploration data for the Project and confirm that it is an exploration project of considerable technical merit, warranting further work. The authors have been requested to opine on the efficacy and effectiveness of the exploration programme set out in this report to be implemented by Group Eleven Mining & Exploration Limited (GEM), a wholly-owned subsidiary of GERC. This report outlines the previous work carried out on the Project by GEM. This Independent Report aims to support an upcoming initial public offering of shares in GERC and listing of its securities on the TSX Venture Exchange. The Silvermines base metal project (‘the Project’) area consists of five (5) prospecting licenses (‘PLs’) covering a total of 133 km2 , which form a contiguous block of claims located within County Tipperary, immediately south and southeast of Nenagh town, in County Tipperary, Ireland. The PLs were awarded to GEM on in September 2016 and are valid for six years. The Silvermines area has excellent access and infrastructure, as well as, mild climate which allows year-round fieldwork. | |
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