Group Eleven Resources Corp. (TSXV:ZNG; OTCQB:GRLVF; FRA:3GE) has announced drill results from their Zn-Pb-Ag horizon at the Ballywire discovery, which is part of the 100%-owned PG West Project in Ireland.
Key highlights include:
- 25-3552-35 (a 50m step-out to the NE from previous drilling, along the Zn-Pb-Ag horizon) intersected:
- 53.9m of 7.9% Zn+Pb (4.7% Zn and 3.2% Pb), 99 g/t Ag and 0.20% Cu, including
- 39.7m of 9.5% Zn+Pb (5.6% Zn and 3.9% Pb), 131 g/t Ag and 0.27% Cu, including
- 18.3m of 16.1% Zn+Pb (8.9% Zn and 7.2% Pb), 233 g/t Ag and 0.42% Cu, including
- 5.6m of 16.6% Zn+Pb (8.0% Zn and 8.5% Pb), 370 g/t Ag and 0.86% Cu
- True thickness is estimated to be 90-100% of the intervals noted above and below
- Three Cu-Ag enriched zones were also intersected below the above intercept in the same hole:
- 5.5m of 3.2% Zn+Pb (0.9% Zn and 2.2% Pb), 209 g/t Ag and 0.49% Cu, including
- 0.9m of 2.1% Zn+Pb (1.5% Zn and 0.6% Pb), 831 g/t Ag and 2.46% Cu and
- 0.9m of 195 g/t Ag and 0.21% Cu and
- 3.5m of 7.1% Zn+Pb (3.5% Zn and 3.6% Pb), 134 g/t Ag and 0.34% Cu, including
- 0.9m of 3.5% Zn+Pb (0.5% Zn and 3.0% Pb), 224 g/t Ag and 0.63% Cu
- 5.5m of 3.2% Zn+Pb (0.9% Zn and 2.2% Pb), 209 g/t Ag and 0.49% Cu, including
These results have extended the strike length of the Ballywire discovery corridor from 1,250m to 1,300m in addition to demonstrating thicker mineralization than previously encountered.
There are currently three rigs working at Ballywire, with over 4,000m of drilling already completed this year. The company is planning to complete between 8,000-10,000m in 2025, and notes that this drill programme is already full funded.
Bart Jaworski, CEO of Group Eleven Resources Corp. commented on the latest results, “Today’s hole represents our thickest intercept yet at the Ballywire discovery, surpassing our 29.6 metres of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu announced in June 2024. Not only does this intercept extend strike and show exceptional mineralized thickness but also demonstrates zones of strong copper-silver values. This adds to growing evidence suggesting a deeper Cu-Ag horizon one to two hundred metres below the main Ballywire discovery horizon. This deeper target is currently being drilled, with one hole finished and a second started. We look forward to releasing these results as soon as assays are available. With three rigs turning each on excellent targets at Ballywire and a recently announced strengthened cash position of C$4.3 million, Group Eleven is poised to keep generating shareholder value through the drill bit for the foreseeable future.”
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