Group Eleven Commences Follow-Up Drilling at Carrickittle Prospect in Ireland
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Group Eleven Commences Follow-Up Drilling at Carrickittle
Prospect in Ireland
Vancouver, Canada, September 30, 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
Carrickittle zinc prospect (“Carrickittle”) on the Company’s 100%-interest PG West project (“PG West”) in
the Republic of Ireland.
Highlights:
• Drill program at Carrickittle consists of approximately 20 holes totalling 1,200 metres
• Phase 1 of the drill program commenced on September 29th and consists of six holes and 600 metres
• Phase 1 drilling will focus on Zone 1 of the Carrickittle prospect, testing the immediate extensions of
the high-grade zone announced on July 6th, 2020 (10.3 metres of 14.6% zinc and 5.0% lead, or 19.6%
combined, and 43 g/t silver in hole G11-2840-04)
“We are excited to commence follow-up drilling at Carrickittle and look forward to updating the market
as soon as results are ready and compiled during the next couple of months,” 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, especially along the emerging Pallas Green Corridor.”
PG West Zinc Project, Ireland
The Carrickittle prospect is located within the 100%-owned PG West project, in south-western Ireland (see
Exhibit 1 ). PG West is situated within the Limerick basin, a geological feature which also host s the
Company’s contiguous 76.56%-owned Stonepark project and Glencore’s adjacent Pallas Green project
(containing the Pallas Green zinc-lead deposit1).
Carrickittle Drill Program
Initial follow-up drilling at Carrickittle will consist of approximately 20 holes totalling 1,200 metres. Phase
1 of this program, consisting of six holes and 600 metres, was permitted a short time ago and commenced
on September 29th. Based on the results of Phase 1, the Phase 2 drill program will be further refined and
permit applications will be submitted to the regulators. The start of Phase 2 (for the remaining 600 metres)
is anticipated before year-end.
The Phase 1 drill program will focus on Zone 1 of the Carrickittle prospect, testing the immediate
extensions of the high-grade zone announced on July 6th, 2020 (10.3 metres of 14.6% zinc and 5.0% lead,
or 19.6% combined, and 43 g/t silver in hole G11 -2840-04). Specifically, the k ey aim of Phase 1 is to
determine the lateral and dip extent of the newly discovered massive sulphide body and to ascertain its
1 Resources and Reserves Report (Glencore, December 31, 2019) – 45.4 million tonnes of 7% Zn + 1% Pb (Inferred)
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true strike and dip direction. Also key will be identifying zinc-lead grade variability, any copper -silver
enrichment zones and the location of any potential feeder structures. The above information will be
integrated into the Company’s exploration strategy and design on Zones 2, 3 and 4 at Carrickittle and the
>1 kilometre strike extent which remains open to the north.
Exhibit 1. Location of the Carrickittle Prospect within the 100%-owned PG West Project, Ireland
Notes to Exhibit 1: (a) Pallas Green MRE is owned by Glencore; (b) The historic estimate at Denison was
reported by Westland Exploration Limited in 1988, the historic estimate at Tullacondra was reported by
Munster Base Metals Ltd in 1973 and the historic estimate at Gortdrum was reported by G.M . Steed in
1986; these three historic estimates have not been verified as current mineral resources; none of the key
assumptions, parameters and methods used to prepare the historic estimates were reported and no
resource categories were used; significant data compilation, re -drilling and data verification may be
required by a Qualified Person before the historic estimates can be verified and upgraded to be compliant
with current NI 43 -101 standards; a Qualified Person has not done sufficient work to classi fy them as a
current mineral resource and the Company is not treating the historic estimates as current mineral
resources.
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.
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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 explora tion 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.
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 o f
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.