Vancouver, British Columbia – August 1, 2024 (Newsfile Corp.) (Investorideas.com Newswire) Group Eleven Sources Corp. (TSXV: ZNG) (OTCBB: GRLVF) (FSE: 3GE) (“Group Eleven” or the “Firm”) is happy to announce outcomes from the 2 most up-to-date step-out holes of the 2024 drill program on the Firm’s 100%-owned Ballywire zinc-lead-silver discovery (“Ballywire”), PG West Mission (“PG West”), Republic of Eire.
Highlights
- 50m step-out (gap G11-3552-13) up-dip from finest intersection up to now at Ballywire (29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu in G11-3552-12, see information launched dated 11-Jun-24), intersected a strong zone of 25.6m of 5.4% Zn+Pb (2.8% Zn and a pair of.6% Pb), 72 g/t Ag and 0.12% Cu, from 271.9m down-hole, together with:
- 6.1m of 11.4% Zn+Pb (4.1% Zn and seven.3% Pb) and 85 g/t Ag and
- 12.1m of 5.3% Zn+Pb (3.7% Zn and 1.7% Pb), 104 g/t Ag and 0.21% Cu, together with
- 6.8m of 6.9% Zn+Pb (5.3% Zn and 1.7% Pb), 174 g/t Ag and 0.37% Cu, together with
- 3.1m of 11.2% (8.6% Zn and a pair of.7% Pb), 353 g/t Ag and 0.78% Cu
- Above intercept represents one of many longest extensions alongside dip of high-grade mineralization at Ballywire up to now
- Mineralization consists predominantly of large and semi-massive sulphide, in addition to disseminated and vein hosted sulphide mineralization
- Additional drilling is in-progress, with G11-3552-14 testing 50m to the north and up dip from G11-3552-13, and at gravity anomalies ‘B’ and ‘C2’ (outcomes anticipated within the coming weeks)
“We’re excited that the high-grade footprint of the Ballywire discovery continues to develop at a speedy tempo,” said Bart Jaworski, CEO. “As we speak’s outcomes develop high-grade zinc-lead-silver mineralization alongside dip by 50m north from G11-3552-12, our greatest gap drilled up to now at Ballwire. It’s also encouraging to see high-grade silver and elevated copper. Thus far, we’ve intersected strong mineralization at Ballywire over a strike size of two.6km, alongside a potential pattern of over 6km. Along with continued strong intervals of large sulphide, Ballywire is constant to point out indicators of a serious zinc-lead-silver discovery. We look ahead to offering additional drill outcomes over the approaching few weeks.”
Most Latest Two Holes from 2024 Drill Marketing campaign at Ballywire Discovery
The Ballywire prospect on the Firm’s 100%-owned PG West Mission in Republic of Eire, is a brand new zinc-lead-silver discovery (first introduced Sept-2022). Along with 29 holes drilled and reported by Group Eleven up to now, the newest two step-out holes (G11-3552-13 and G11-468-16) of the 2024 program are reported at the moment (see Reveals 1 to six).
Exhibit 1. Cross-Part A-A’ of G11-3552-13 (50m Step-Out Gap) at Ballywire
Exhibit 2. Abstract of Assays from G11-3552-13 at Ballywire
Exhibit 3. New Drilling, Earlier Key Intercepts and Gravity Anomalies at Ballywire Discovery Space
Exhibit 4. New Drilling at Ballywire Discovery and Surrounding Space (2.6km Strike Size)
Excessive-grade mineralization in G11-3552-13 consists predominantly of large and semi-massive sulphide (sphalerite, galena, pyrite, chalcopyrite and suspected tennantite-tetrahedrite), in addition to, disseminated and vein hosted sulphide mineralization. Mineralization happens alongside and/or near the bottom of the Waulsortian limestone (see Exhibit 1).
As we speak’s drill outcomes lengthen recognized high-grade large sulphide mineralization by 50m up-dip from G11-3552-12 (see Reveals 1 and a pair of), which intersected 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu. G11-3552-12 represents the strongest mineralization up to now at Ballywire, including to an already sturdy set of earlier intercepts (e.g. 11.2m of 8.9% Zn+Pb and 83 g/t Ag in G11-3552-03; and 10.8m of 10.0% Zn+Pb and 109 g/t Ag in G11-468-03, and so forth; see Exhibit 3).
Along with the above, Group Eleven drilled G11-468-16, extending recognized mineralization roughly 200m to the southwest from the western fringe of the invention space (see Exhibit 4). G11-468-16 returned anomalous mineralization alongside or close to the bottom of the Waulsortian Limestone (see Exhibit 4).
Group Eleven is presently within the strategy of drilling and/or has assays pending on 4 holes: (i) one gap (G11-3552-14) testing 50m to the north and up dip from G11-3552-13 introduced at the moment; (ii) two holes, roughly 90m and 360m ENE of G11-3552-13, close to the ‘C2’ gravity excessive anomaly; and (iii) a gap on the ‘B’ gravity anomaly (see Exhibit 3 and 4).
Exhibit 5. Regional Gravity Map of Ballywire Space Exhibiting 6km Lengthy Potential Pattern
Notes to Exhibit 6: (a) Pallas Inexperienced MRE is owned by Glencore (see Glencore’s Sources and Reserves Report dated December 31, 2023); (b) Stonepark MRE: see the ‘NI 43-101 Impartial Report on the Zinc-Lead Exploration Mission at Stonepark, County Limerick, Eire’, by Gordon, Kelly and van Lente, with an efficient date of April 26, 2018, as discovered on SEDAR; and (c) the historic estimate at Denison was reported by Westland Exploration Restricted in ‘Report on Prospecting Licence 464’ by Dermot Hughes dated Might, 1988; the historic estimate at Gortdrum was reported in ‘The Geology and Genesis of the Gortdrum Cu-Ag-Hg Orebody’ by G.M. Steed dated 1986; and the historic estimate at Tullacondra was first reported by Munster Base Metals Ltd in ‘Report on Mallow Property’ by David Wilbur, dated December 1973; and later summarized in ‘Cu-Ag Mineralization at Tullacondra, Mallow, Co. Cork’ by Wilbur and Carter in 1986; the above three historic estimates haven’t been verified as present mineral sources; not one of the key assumptions, parameters and strategies used to organize the historic estimates had been reported and no useful resource classes had been used; important information compilation, re-drilling and information verification could also be required by a Certified Individual earlier than the historic estimates will be verified and upgraded to be compliant with present NI 43-101 requirements; a Certified Individual has not performed ample work to categorise them as a present mineral useful resource and the Firm shouldn’t be treating the historic estimates as present mineral sources. ‘Rathdowney Pattern’ is the south-westerly projection of the Rathdowney Pattern, internet hosting the historic Lisheen and Galmoy mines.
Exhibit 6. Regional Map of PG West (100% Curiosity) and Stonepark (76.56% Curiosity) Tasks
Certified Individual
Technical data on this information launch has been accredited by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological advisor at IGS (Worldwide Geoscience Companies) Restricted, and impartial ‘Certified Individual’ as outlined underneath Canadian Nationwide Instrument 43-101.
High quality Assurance/High quality Management (QA/QC) Data
Group Eleven inserts licensed reference supplies (“CRMs” or “Requirements”) in addition to clean materials, to its pattern stream as a part of its industry-standard QA/QC programme. The QC outcomes have been reviewed by the Certified Individual, who’s glad that each one the outcomes are inside acceptable parameters. The Certified Individual has validated the sampling and chain of custody protocols utilized by Group Eleven.
About Group Eleven Sources
Group Eleven Sources Corp. (TSXV: ZNG) (OTCBB: GRLVF) and (FRA: 3GE) is a mineral exploration firm centered on superior stage zinc exploration within the Republic of Eire. Group Eleven introduced the Ballywire discovery in September 2022. Key intercepts up to now embody:
- 3.3m of 12.5% Zn+Pb and 48 g/t Ag (G11-468-01)
- 10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)
- 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)
- 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)
- 11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)
- 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and
- 6.1m of 11.4% Zn+Pb, 85 g/t Ag (G11-3552-13)
The Firm’s two largest shareholders are Glencore Canada Corp. (18.1% curiosity) and Michael Gentile (15.0%). Further details about the Firm is accessible at www.groupelevenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Govt Officer
E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.webb@groupelevenresources.com | T: 604-644-9514
Neither TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
Cautionary Word Relating to Ahead-Wanting Data
This press launch accommodates forward-looking statements throughout the which means of relevant securities laws. Such statements embody, with out limitation, statements relating to the long run outcomes of operations, efficiency and achievements of the Firm, together with the timing, content material, price and outcomes of proposed work applications, the invention and delineation of mineral deposits/sources/ reserves and geological interpretations. Though the Firm believes that such statements are cheap, it may give no assurance that such expectations will show to be right. Ahead-looking statements are sometimes recognized by phrases equivalent to: imagine, anticipate, anticipate, intend, estimate, postulate and comparable expressions, or are these, which, by their nature, consult with future occasions. The Firm cautions traders that any forward-looking statements by the Firm should not ensures of future outcomes or efficiency, and that precise outcomes might differ materially from these in ahead wanting statements because of varied components, together with, however not restricted to, variations within the nature, high quality and amount of any mineral deposits which may be positioned. All the Firm’s public disclosure filings could also be accessed through www.sedar.com and readers are urged to evaluate these supplies, together with the technical stories filed with respect to the Firm’s mineral properties.
Extra Data:
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