Group Eleven Commences Drilling at Stonepark Zinc Project in Ireland
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Group Eleven Commences Drilling at Stonepark Zinc Project in Ireland
Vancouver, Canada, September 10, 2020 - Group Eleven Resources Corp. (TSX.V: ZNG; OTC: GRLVF; FRA:
3GE) (“Group Eleven” or the “ Company”) is pleased to announce that it has commenced drilling at the
Stonepark zinc project (“ Stonepark”) in the Republic of Ireland. Stonepark is a joint venture between
Group Eleven (76.56% interest) and Arkle Resources PLC (23.44% interest). Plans for follow -up drilling at
the Company’s Carrickittle zinc prospect (“Carrickittle”) located on the 100%-interest PG West zinc project
in Ireland are nearing completion and will be announced over the next few weeks.
Highlights:
• Drill program at Stonepark consists of two step-out holes, planned to total approximately 810 metres
(360 metres and 450 metres, respectively)
• Holes will test extensions of the Stonepark Mineral Resource Estimate (“MRE”)
• Stonepark MRE totals 5.1 million tonnes grading 8.7% zinc and 2.6% lead (11.3% combined) in the
Inferred Category (see news release dated April 17th, 2018), located approximately one kilometre west
of the Pallas Green zinc-lead deposit1
“We are excited to start drilling at Stonepark and look forward to updating the market on plans for follow-
up drilling at Carrickittle in a few weeks,” 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.”
Stonepark Zinc Project, Ireland
The Stonepark project is located in the Limerick basin, in south-western Ireland (see Exhibit 1). Stonepark
is adjacent to the Company’s 100% -interest PG West project (which hosts the Carrickittle zinc prospect)
and Glencore’s Pallas Green project (which hosts the Pallas Green zinc-lead deposit1).
Other Ongoing and Upcoming Drill Programs
At Carrickittle, the Company recently announced the discovery of high-grade zinc -lead mineralization
(hole G11-2840-04 intersected 10.3 metres of 14.6% zinc, 5.0% lead (19.6% combined) and 43 g/t silver,
interpreted to be approximately true width, starting at 56.3 metres downhole ; see news rel ease dated
July 6th, 2020). Plans for follow-up drilling are nearing completion and will be announced over the next
few weeks.
On its regional targets within the remainder of its PG West project (see news release dated May 28 th,
2020), Group Eleven has now finished drilling and results are expected over the coming few weeks, once
laboratory analyses are received, compiled and interpreted.
1 Resources and Reserves Report (Glencore, December 31, 2019) – 45.4 million tonnes of 7% Zn + 1% Pb (Inferred)
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Exhibit 1. Location of the Stonepark Zinc Project (and adjacent PG West Project), south-west Ireland
Tullacondra Licenses Granted
The Company is also pleased to note that it has been granted prospecting licenses covering the
Tullacondra copper-silver prospect, located in the general PG West project area (see Exhibit 1 and news
release dated April 22nd, 2020).
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
E: [email protected] | T: +353-85-833-2463
E: [email protected] | T: +604-630-8839
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.
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Cautionary Note Regarding Forward-Looking Information
This press release contains forward -looking statement s 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.