VANCOUVER, Nov. 28, 2019 /CNW/ - Group Eleven Resources
Corp. (TSX.V: ZNG; OTC: GRLVF; FRA: 3GE) ("Group Eleven" or
the "Company") announces that John
Barry is stepping down as 'Vice President, Exploration
Strategy' and resigning as director of Group Eleven's various Irish
subsidiaries with immediate effect.
"As a co-founder of Group Eleven back in 2015 and subsequently
Chairman of the Company before its IPO in December 2017, it has been good to work with such
a talented team of highly experienced geologists and to see the
Company establish an unrivalled exploration portfolio in a
world-class zinc district" stated John
Barry. "After 32 years exploring globally for metals on five
continents it is now time for me to pursue other ideas outside of
mining and mineral exploration but also keep some involvement in
the sector through independent consulting. I will remain a major
shareholder of Group Eleven as I am a passionate supporter of its
big-scale, big-think exploration and opening up the exploration
space. I wish the Company great success and luck in the Company's
exploration efforts for the next giant zinc deposit" said Mr
Barry.
Chairman Dan MacInnis commented,
"With his co-founders John saw a rare opportunity back in 2015 to
secure a large strategic exploration ground holding in a
world-class zinc-lead district. On behalf of Group Eleven Resources
and its Board of Directors, I would like to thank John for his
valued contributions and commitment to the Company since its
inception. We wish him every success."
Options Granted
Separately, the Company has granted 60,000 incentive stock
options to an employee of the Company under the Company stock
option plan. The options have an exercise price of C$0.08 per share, expire three years from the
grant date and vest 1/3 to immediately, with an additional 1/3 to
vest on the first and second anniversaries of the grant date.
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: 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.