Group Eleven Drills Best Hole Yet at Ballywire Discovery: 29.6m of 10.6% Zn+Pb and 78 g/t Ag
Highlights
- Best intersection to date at Ballywire: 29.6m of 10.6% Zn+Pb (4.0% Zn and 6.6% Pb), 78 g/t Ag and 0.15% Cu (from 283.4m down hole), in G11-3552-12, a 180m step-out from the discovery area, including:
- 12.9m of 16.6% Zn+Pb (5.8% Zn and 10.8% Pb), 123 g/t Ag and 0.19% Cu, including
- 5.2m of 24.1% Zn+Pb (2.8% Zn and 21.3% Pb), 76 g/t Ag and 0.10% Cu and
- 6.8m of 12.6% Zn+Pb (8.5% Zn and 4.1% Pb), 172 g/t Ag and 0.29% Cu
- Mineralization consists predominantly of massive and semi-massive sulphide, as well as disseminated and vein hosted sulphide mineralization
- 12.9m of 16.6% Zn+Pb (5.8% Zn and 10.8% Pb), 123 g/t Ag and 0.19% Cu, including
- G11-3552-12 was drilled approximately 50m up-dip of hole G11-3552-09 which returned a 21.8m zone of mineralization, including 2.8m of 4.1% Zn+Pb (3.4% Zn and 0.8% Pb) and 5 g/t Ag, suggesting mineralization was strengthening up-dip and to the north
- Mineralization intersected in all four step-out holes
- Drilling continues with two rigs, testing 50m up-dip and to the north of G11-3552-12 and testing gravity anomaly B, respectively; with further holes planned for follow-up drilling at gravity anomaly C2
"With an intercept of over 29 metres of high-grade mineralization, G11-3552-12 is by far our best hole to date at Ballywire," stated
Most Recent Four Holes from 2024 Drill Campaign at Ballywire Discovery
The Ballywire prospect at the Company's 100%-owned
Note: Step-out distance of G11-3552-12 from G11-3552-03 is approx. 180m |
Note: Step-out distance of G11-3552-12 (and G11-3552-09) from G11-3552-03 is approx. 180m; step-out distance of G11-3552-11 (and G11-3552-10) from G11-3552-08 is approx. 100m (and 50m), respectively; G11-2654-03 is in progress testing gravity anomaly 'B'; G11-468-16 is in progress testing the continuation of mineralization SW from G11-468-01 |
Exhibit 3. Summary of Assays from G11-3552-12 at Ballywire
Item |
From (m) |
To (m) |
Int (m) |
Zn (%) |
Pb (%) |
Zn+Pb (%) |
Ag (g/t) |
Cu (%) |
G11-3552-12 |
283.44 |
293.02 |
9.58 |
3.27 |
1.98 |
5.26 |
16.26 |
0.01 |
" |
293.02 |
293.44 |
0.42 |
1.80 |
2.96 |
4.76 |
13.4 |
0.02 |
" |
293.44 |
293.80 |
0.36 |
5.94 |
17.70 |
23.64 |
68.8 |
0.08 |
" |
293.80 |
294.12 |
0.32 |
1.29 |
8.89 |
10.18 |
37.3 |
0.03 |
" |
294.12 |
294.78 |
0.66 |
3.18 |
38.30 |
41.48 |
127.0 |
0.21 |
" |
294.78 |
295.66 |
0.88 |
1.96 |
19.80 |
21.76 |
70.6 |
0.10 |
" |
295.66 |
296.34 |
0.68 |
3.68 |
17.45 |
21.13 |
77.4 |
0.11 |
" |
296.34 |
297.25 |
0.91 |
2.55 |
18.90 |
21.45 |
66.3 |
0.07 |
" |
297.25 |
298.21 |
0.96 |
2.50 |
29.70 |
32.20 |
96.2 |
0.08 |
" |
298.21 |
298.55 |
0.34 |
13.05 |
3.17 |
16.22 |
63.4 |
0.14 |
" |
298.55 |
299.08 |
0.53 |
1.98 |
0.80 |
2.78 |
10.8 |
0.03 |
" |
299.08 |
299.34 |
0.26 |
14.25 |
10.85 |
25.10 |
70.1 |
0.13 |
" |
299.34 |
299.63 |
0.29 |
2.30 |
0.77 |
3.07 |
8.0 |
0.03 |
" |
299.63 |
300.07 |
0.44 |
21.80 |
4.65 |
26.45 |
88.3 |
0.27 |
" |
300.07 |
301.12 |
1.05 |
0.57 |
0.22 |
0.79 |
8.2 |
0.02 |
" |
301.12 |
302.24 |
1.12 |
3.45 |
2.19 |
5.64 |
84.4 |
0.08 |
" |
302.24 |
303.10 |
0.86 |
10.20 |
11.15 |
21.35 |
353.0 |
0.36 |
" |
303.10 |
303.93 |
0.83 |
17.10 |
7.15 |
24.25 |
319.0 |
0.75 |
" |
303.93 |
305.03 |
1.10 |
9.92 |
2.96 |
12.88 |
374.0 |
0.65 |
" |
305.03 |
305.88 |
0.85 |
2.54 |
0.43 |
2.97 |
17.6 |
0.03 |
" |
305.88 |
313.00 |
7.12 |
1.63 |
5.23 |
6.86 |
82.22 |
0.26 |
Wt. Avg. |
283.44 |
313.00 |
29.56 |
3.97 |
6.61 |
10.58 |
78.46 |
0.15 |
Incl. |
293.02 |
305.88 |
12.86 |
5.78 |
10.82 |
16.60 |
122.7 |
0.19 |
Incl. |
293.02 |
298.21 |
5.19 |
2.76 |
21.34 |
24.10 |
75.8 |
0.10 |
And |
298.21 |
305.03 |
6.82 |
8.47 |
4.11 |
12.59 |
171.5 |
0.29 |
Incl. |
302.24 |
305.03 |
2.79 |
12.14 |
6.73 |
18.87 |
351.2 |
0.59 |
Note: True width of the overall mineralized package above is estimated at approx. 90-100% |
High-grade mineralization in G11-3552-12 consists predominantly of massive and semi-massive sulphide (sphalerite, galena, pyrite, chalcopyrite and suspected tennantite-tetrahedrite), as well as, disseminated and vein hosted sulphide mineralization. Mineralization occurs along and/or close to the base of the Waulsortian limestone (see Exhibit 4).
Today's drill results extend known high-grade massive sulphide mineralization by 180m or 25%, from a strike length 710m to 890m (see Exhibits 1 and 2). G11-3552-12 represents the strongest mineralization to date at Ballywire, adding to an already strong set of previous intercepts (e.g. 11.2m of 8.9% Zn+Pb and 83 g/t Ag in G11-3552-03; and 10.8m of 10.0% Zn+Pb and 109 g/t Ag in G11-468-03, etc, (see Exhibit 1).
The extensive envelope of massive and semi-massive sulphide mineralization in G11-3552-12 justifies further drilling eastwards, especially towards hole G11-3552-07 (360m away) which intersected very high grades of silver and copper (see Group Eleven's news release dated 04-Apr-2024) suggesting proximity to a feeder structure.
Elevated germanium levels are correlated with high zinc concentrations in previous holes at Ballywire. Germanium will be assayed in G11-3552-12 in due course.
Note: G11-3552-13 is in progress and is testing the continuation of mineralization 50m up dip of G11-3552-12 |
G11-3552-10 and -11, located 50m and 100m north of G11-3552-08, respectively, returned weak mineralization (see Exhibit 5) along or near the base of the Waulsortian Limestone.
Exhibit 5. Summary of Assays from G11-3552-09, -10 and -11 at Ballywire
Item |
From (m) |
To (m) |
Int (m) |
Zn (%) |
Pb (%) |
Zn+Pb (%) |
Ag (g/t) |
G11-3552-09 |
282.20 |
304.00 |
21.80 |
1.53 |
0.47 |
2.00 |
4.3 |
Incl. |
299.45 |
304.00 |
4.55 |
2.72 |
0.60 |
3.31 |
4.3 |
Incl. |
299.45 |
302.23 |
2.78 |
3.35 |
0.79 |
4.14 |
5.0 |
G11-3552-10 |
219.76 |
231.24 |
11.48 |
0.92 |
0.21 |
1.12 |
6.7 |
Incl. |
219.76 |
223.09 |
3.33 |
1.73 |
0.47 |
2.20 |
17.0 |
Incl. |
220.80 |
222.16 |
1.36 |
3.99 |
1.05 |
5.04 |
38.8 |
Incl. |
220.80 |
221.20 |
0.40 |
5.27 |
2.98 |
8.25 |
97.5 |
G11-3552-11 |
226.68 |
230.29 |
3.61 |
0.72 |
0.12 |
0.85 |
4.3 |
Note: True width as a percentage of drilled intercept is approximately 90-100% for G11-3552-09, -10 and -11 |
Notes to Exhibit 7: (a) Pallas Green MRE is owned by Glencore (see Glencore's Resources and Reserves Report dated
Qualified Person
Technical information in this news release has been approved by Professor
Quality Assurance/Quality Control (QA/QC) Information
Group Eleven inserts certified reference materials ("CRMs" or "Standards") as well as blank material, to its sample stream as part of its industry-standard QA/QC programme. The QC results have been reviewed by the Qualified Person, who is satisfied that all the results are within acceptable parameters. The Qualified Person has validated the sampling and chain of custody protocols used by Group Eleven.
About
- 3.3m of 12.5% Zn+Pb and 48 g/t Ag (G11-468-01)
- 10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)
- 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)
- 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)
- 11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03) and
- 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12)
The Company's two largest shareholders are
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer
Neither
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.
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