VANCOUVER, Oct. 18, 2019 /CNW/ - Group Eleven
Resources Corp. (TSX.V: ZNG; OTC: GRLVF; FRA: 3GE) ("Group
Eleven" or the "Company") announces that it has granted
incentive stock options, on October 17,
2019, to eight officers and employees of the Company to
purchase up to 770,000 common shares in the capital stock of the
Company. These options vest over a period of three years from the
date of grant, at an exercise price of $0.08 per share. All options granted are subject
to the policies of the TSX.V.
About Group Eleven Resources
Group Eleven Resources Corp. (TSX.V: ZNG; OTC: GRLVF and FRA:
3GE) is a mineral exploration company focused on advanced stage
zinc exploration in Ireland. The
Company's large land package allows Group Eleven to leverage new
geological approach and geophysical technology to systematically
rethink key aspects of the Irish zinc district. The Company's two
key projects in Ireland include: a
60% interest in the Ballinalack project (joint ventured with
Nonfemet - one of the largest zinc producers in China), located in north-east Ireland, hosting potential Navan Bed
mineralization in the Pale Beds; and a 75.56% interest in the
Stonepark project (joint ventured with Arkle Resources plc),
located near Limerick, next to one
of the world's largest undeveloped zinc deposits: Glencore's Pallas
Green deposit. The Company's team includes accomplished mining
professionals with direct experience in finding mines, building
companies and exploring Irish zinc deposits.
Neither the TSX.V nor its Regulatory Services Provider (as that
term is defined in the policies of the TSX.V) accepts
responsibility for the adequacy or accuracy of this news
release.
Additional information about the Company is available at
www.groupelevenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer
SOURCE Group Eleven Resources Corp.