- Group Eleven Resources (ZNG) has begun a follow-up drill program stepping out from the recent discovery hole at its Ballywire zinc prospect, PG West Project, Republic of Ireland
- Mobilization has begun on the follow-up program at Ballywire, consisting of an initial five holes totalling 1,500 metres
- Step-out distances are planned to range from 80 metres to 220 metres from discovery hole G11-468-03
- CEO Bart Jaworski sat down with Daniella Atkinson to discuss this news
- Group Eleven Resources Corp. (TSXV:ZNG) opened trading at C$0.07per share
Group Eleven Resources (ZNG) has begun a follow-up drill program stepping out from the recent discovery hole at its Ballywire zinc prospect, PG West Project, Republic of Ireland.
Mobilization has begun on the follow-up program at Ballywire, consisting of an initial five holes totalling 1,500 metres.
Step-out distances are planned to range from 80 metres to 220 metres from discovery hole G11-468-03.
G11-468-03 was a step-out exploration hole which intersected one of the best holes drilled in Ireland over recent years at 66 metres of mineralization, including 6.85 metres of 15.4 per cent Zn+Pb and 160 g/t Ag, as well as 1.71 metres of 12.2 per cent Zn+Pb (10.3 per cent Zn and 1.9 per cent Pb) and 38 g/t Ag and 5 metres of 8.3 per cent Zn+Pb (6.2 per cent Zn and 2.1 per cent Pb) and 107 g/t Ag.
Ballywire discovery area remains open along strike for 3 km to the ENE and 1.5 km to the W, as well as up-dip to the NNW for at least 500 metres.
To test for Energy Critical Metals, which may occur in Irish-Type zinc deposits, the company re-assayed high-grade portions of the Ballywire discovery hole.
Assays show significantly elevated germanium (currently trading at US$31/oz, 40 per cent higher than silver at US$22/oz), with most grades between 23 g/t Ge and 79 g/t Ge. This represents some of the highest grades known in Ireland.
One drill rig will be used for the follow-up program, with results expected in early Q1 2023.
CEO Bart Jaworski sat down with Daniella Atkinson to discuss this news.
Group Eleven Resources Corp. (ZNG) is a Canadian mining company. Principally, it is engaged in the business of exploration of mineral properties. The company’s project consists of Ballinalack, PG West, Stonepark, and Silvermines, among others.
Group Eleven Resources Corp. (TSXV:ZNG) opened trading at C$0.07 per share.