VANCOUVER, BC, Sept. 30, 2020 /CNW/ - Group Eleven Resources
Corp. (TSXV: ZNG) (OTC: GRLVF) (FRA: 3GE) ("Group Eleven" or
the "Company") is pleased to announce that it has commenced
drilling at the Carrickittle zinc prospect ("Carrickittle")
on the Company's 100%-interest PG West project ("PG West")
in the Republic of Ireland.
Highlights:
- Drill program at Carrickittle consists of approximately 20
holes totalling 1,200 metres
- Phase 1 of the drill program commenced on September 29th and consists of six holes and 600
metres
- Phase 1 drilling will focus on Zone 1 of the Carrickittle
prospect, testing the immediate extensions of the high-grade zone
announced on July 6th,
2020 (10.3 metres of 14.6% zinc and 5.0% lead, or 19.6% combined,
and 43 g/t silver in hole G11-2840-04)
"We are excited to commence follow-up drilling at Carrickittle
and look forward to updating the market as soon as results are
ready and compiled during the next couple of months," stated
Bart Jaworski, CEO. "The Limerick
basin is proving to be a very prospective zinc-lead camp and we
look forward to progressing exploration in the near-term,
especially along the emerging Pallas Green Corridor."
PG West Zinc Project, Ireland
The Carrickittle prospect is located within the 100%-owned PG
West project, in south-western Ireland (see Exhibit 1). PG West is situated
within the Limerick basin, a geological feature which also hosts
the Company's contiguous 76.56%-owned Stonepark project and
Glencore's adjacent Pallas Green project (containing the Pallas
Green zinc-lead deposit1).
Carrickittle Drill Program
Initial follow-up drilling at Carrickittle will consist of
approximately 20 holes totalling 1,200 metres. Phase 1 of this
program, consisting of six holes and 600 metres, was permitted a
short time ago and commenced on September
29th. Based on the results of Phase 1, the Phase
2 drill program will be further refined and permit applications
will be submitted to the regulators. The start of Phase 2 (for the
remaining 600 metres) is anticipated before year-end.
The Phase 1 drill program will focus on Zone 1 of the
Carrickittle prospect, testing the immediate extensions of the
high-grade zone announced on July 6th,
2020 (10.3 metres of 14.6% zinc and 5.0% lead, or 19.6%
combined, and 43 g/t silver in hole G11-2840-04). Specifically, the
key aim of Phase 1 is to determine the lateral and dip extent of
the newly discovered massive sulphide body and to ascertain its
true strike and dip direction. Also key will be identifying
zinc-lead grade variability, any copper-silver enrichment zones and
the location of any potential feeder structures. The above
information will be integrated into the Company's exploration
strategy and design on Zones 2, 3 and 4 at Carrickittle and the
>1 kilometre strike extent which remains open to the north.
_____________________
|
1 Resources and Reserves Report
(Glencore, December 31, 2019) – 45.4 million tonnes of 7% Zn + 1%
Pb (Inferred)
|
Notes to Exhibit 1: (a) Pallas Green MRE is
owned by Glencore; (b) The historic estimate at
Denison was reported by Westland Exploration Limited in
1988, the historic estimate at Tullacondra was reported
by Munster Base Metals Ltd in 1973 and the historic estimate at
Gortdrum was reported by G.M. Steed in 1986; these three
historic estimates have not been verified as current mineral
resources; none of the key assumptions, parameters and methods used
to prepare the historic estimates were reported and no resource
categories were used; significant data compilation, re-drilling and
data verification may be required by a Qualified Person before the
historic estimates can be verified and upgraded to be compliant
with current NI 43-101 standards; a Qualified Person has not done
sufficient work to classify them as a current mineral resource and
the Company is not treating the historic estimates as current
mineral resources.
Qualified Person
Technical information in this news release has been approved by
David Furlong, P.Geo., Chief
Operating Officer, and 'Qualified Person' as defined under Canadian
National Instrument 43-101.
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.
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
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking statements within
the meaning of applicable securities legislation. Such statements
include, without limitation, statements regarding the future
results of operations, performance and achievements of the Company,
including the timing, content, cost and results of proposed work
programs, the discovery and delineation of mineral
deposits/resources/ reserves and geological interpretations.
Although the Company believes that such statements are reasonable,
it can give no assurance that such expectations will prove to be
correct. Forward-looking statements are typically identified by
words such as: believe, expect, anticipate, intend, estimate,
postulate and similar expressions, or are those, which, by their
nature, refer to future events. The Company cautions investors that
any forward-looking statements by the Company are not guarantees of
future results or performance, and that actual results may differ
materially from those in forward looking statements as a result of
various factors, including, but not limited to, variations in the
nature, quality and quantity of any mineral deposits that may be
located. All of the Company's public disclosure filings may be
accessed via www.sedar.com and readers are urged to review these
materials, including the technical reports filed with respect to
the Company's mineral properties.
SOURCE Group Eleven Resources Corp.