Group Eleven Resources discovers high-grade massive sulphides in first step-out drilling program at its Ballywire zinc prospect

Group Eleven Resources Corp has announced the discovery of high-grade massive sulphides in an initial reconnaissance drilling program at its 100% owned Ballywire zinc prospect on the PG West project in Ireland.

The company said drill hole G11-468-03 intersected a broad zone of zinc-lead-silver mineralization over a width of 66.0 meters (m), including four higher-grade zones, with its true width estimated at 80%-100% intercepted width.

“Given the large strikeout, wide zone of mineralization and grades of up to 52.4% Zn + Pb (zinc plus lead), G11-468-03 is one of the best holes drilled in Ireland these days. This fantastic result validates the hard work of our team to build a solid geological understanding of our vast license area over the past few years,” said Bart Jaworski, CEO of Group Eleven, in a statement.

READ: Group Eleven Resources provides interim update on its zinc and copper exploration activities in the Republic of Ireland

He added: “Ballywire is located at the intersection of the Pallas Green Corridor and the south-west projection of the famous Rathdowney Trend, home to the historic Lisheen and Galmoy zinc mines. Given the results above and coupled with hole G11-468-01 drilled in 2021, Ballywire is beginning to show signs of a large system with high-grade zinc-lead mineralization now punctured by three holes over approximately 1.5 kilometers (km). the upside remains wide open, reflecting the sparse historic drilling.Notably, the next closest historic hole to test the target horizon to the ENE is 3km away, and yet it still contains an appreciable 5.0 m of 1.6% Zn+Pb.”

Jaworski concluded: “Unlike Carrickittle, where the high-grade mineralization is steeply dipping, Ballywire mineralization appears to be parallel to the seam along the base of the Waulsortian Limestone. This implies relatively increased tonnage potential, as well as similarities to Classic Irish morphology Overall, with our compelling deep target at Carrickittle West announced in June, high-grade massive sulphides discovered nearby at Carrickittle in 2020 and now this discovery at Ballywire, prospectivity of our expansive land package has never been more exciting. Looking forward to updating the market on the next steps at Ballywire and our other near-term projects.”

Highlights of drilling G11-468-03:

  • 5.00 m of 8.3% Zn+Pb (6.2% Zn and 2.1% Pb) and 107 grams per tonne (g/t) of silver (Ag), from 228.2 m in downhole, including 2.03 m of 18.8% Zn+Pb (13.9% Zn and 4.9% Pb) and 227 g/t Ag
  • 6.85 m of 15.4% Zn+Pb (11.1% Zn and 4.3% Pb) and 160 g/t Ag (from 251.6 m), including 2.05 m of 40.8 % Zn+Pb (30.5% Zn and 10.3% Pb) and 385 g/tAg
  • 1.71 m of 12.2% Zn+Pb (10.3% Zn and 1.9% Pb) and 38 g/t Ag (from 268.9 m)
  • 0.96 m of 5.1% Zn+Pb (4.4% Zn and 0.8% Pb) and 15 g/t Ag (from 274.7 m)

The company said the intersections contain multiple massive sulphide zones up to 2.95m downhole thickness.

The discovery hole represents a 410 m NE advance of G11-468-01 which intersected 3.30 m of 12.5% ​​Zn+Pb (10.1% Zn and 2.4% Pb) and 48 g/t Ag. The discovery area around G11-468-03 remains open and untested along strike for about 3 km east northeast (ENE) and 1.5 km west (W), as well as up-dip to the north northwest (NNW) for at least 500m and immediate follow-up drilling is strongly warranted

The Ballywire zinc prospect is located at the intersection of the southwest projection of the Rathdowney trend, home to the historic Lisheen and Galmoy zinc mines, and the Pallas Green Corridor. Historic drilling on the prospect was sparse, with the last one completed by operators in 2008. Group Eleven staked the prospect in 2016 based on compelling results from the two most recent historic holes.

The 2022 drill program at Ballywire consisted of four exit holes totaling 1,400m. Individual holes ranged between 323 and 546 m from G11-468-01, which intersected 3.30 m of 12.5% ​​Zn+Pb (10.1% Zn and 2.4% Pb) and 48 g/t Ag.

All four holes intersected zinc mineralization; however, G11-468-03 returned a particularly large interval containing many high quality lenses. It should also be noted that a second hole, G11-3552-01 – a 546m strikeout to the ESE from G11-468-01 – intersected a wide zone of mineralization over 38.55m grading 0, 64% Zn+Pb (0.44% Zn and 0.20% Pb), including 0.58 m of 4.54% Zn+Pb (3.25% Zn and 1.29% Pb) and 23 g/t Ag and 0.35 m of 6.24% Zn+Pb (3.28% Zn and 2.96% Pb) and 13 g/t Ag.

High-grade mineralization consists of semi-massive and massive sphalerite and galena, with lower-grade zones of hosted and/or disseminated sphalerite and galena.

Drilling to date at Ballywire consistently shows that the mineralized zones are generally parallel to the base of the Waulsortian limestone, similar to the morphology of classic Irish-type zinc deposits. The base of the Waulsortian limestone at Ballywire dips south-southeast (SSE), shallow to the NNW. In total, the high-grade zinc-lead mineralization at Ballywire is now drilled by three holes over approximately 1.5 km.

The discovery zone around G11-468-03 remains open and untested along strike for about 3 km ENE and 1.5 km W, as well as up-dip NNW on the less than 500m. Notably, the next closest historic hole testing the target horizon to the ENE (99-3552-05) is 3 km away and intersected 5.00 m of 1.6% Zn+Pb. Immediate follow-up drilling is strongly warranted.

Group Eleven Resources is a mining exploration company specializing in advanced zinc exploration in Ireland.

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