VANCOUVER, BC, Aug. 9, 2022
/CNW/ - Group Eleven Resources Corp. (TSXV: ZNG) (OTC: GRLVF) (FRA:
3GE) ("Group Eleven" or the "Company") is pleased to
provide an interim update on its zinc and copper exploration
activities in the Republic of
Ireland.
Highlights:
- At the Ballywire zinc prospect (100%-interest PG West
project), four holes (totalling approximately 1,400m) have now been completed, stepping out
several hundred metres each from hole G11-468-02 (see news release
dated September 7, 2021); assays are
expected over the next 3-6 weeks
- At the Carrickittle West zinc prospect (76.56% interest,
Stonepark project, located adjacent to the PG West project), the
Company has begun planning for a follow-up hole several hundred
metres north of G11-2531-01 (see news release dated June 16, 2022); details and timing of this
follow-up drill program will be announced in due course
- At the Tullacondra copper-silver prospect (20km south of
PG West project), Group Eleven entered into competition a number of
months ago to acquire one extra prospecting license ("PL") on the
west side of the existing property boundary; the Company was
successfully awarded this PL last week
"We are very pleased with the steady progress made so far this
year with our two-rig drill program, as well as, with our bolstered
strategic position the Limerick region," stated Bart Jaworski, CEO. "We are on-track to complete
our 2022 drill program totalling over 6,000m. Drilling continues on several regional
targets at PG West, to be followed by the completion of three
remaining holes at Stonepark, as well as, follow-up drilling at
Carrickittle. At Tullacondra, our expanded ground position covers
the western extension of Waulsortian limestone, adding further
compelling zinc exploration upside to what is already an exciting
copper-silver prospect."
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.