Group Eleven Commences Preliminary Drilling at Stonepark Zinc-Lead Project in Ireland
Group Eleven Commences Preliminary Drilling at
Stonepark Zinc-Lead Project in Ireland
Vancouver, Canada, October 24, 2018 – Group Eleven Resources Corp. (TSX.V: ZNG; OTCQB: GRLVF; FRA:
3GE) (“Group Eleven” or the “ Company”) announces the commencement of preliminary drilling at the
Company’s 76.56% owned Stonepark zinc -lead project (“Stonepark”) in the Republic of Ireland. The
primary aim of the program is to advance the Company’s ongoing ‘ Big Think ’ exploration strategy by
providing important 3D geological information ahead of Group Eleven’s ‘Big Drill’ exploration program in
2019. Preliminary drilling is expected to total 1,500-2,000 metres and focus entirely outside the existing
Mineral Resource Estimate footprint (see news release dated April 17, 2018).
“We are excited to embark on this important next stage of exploration in the Limerick basin. Despite being
relatively new and underexplored, this zinc camp is already the most metal -endowed region in Ireland,
outside Boliden’s Navan zinc deposit” stated Bart Jaworski, CEO. “Mineralization discovered to date in this
area includes Glencore’s Pallas Green deposit1, our neighbouring Stonepark deposit2, our Carrickittle and
Oola occurrences 3, as well as, our five regional prospects identified by the previous operator. Our
Gortdrum4 prospect – an open-pit copper mine from the 1960s - is also in the area and postulated as a
feeder system for zinc mineralization in the district.”
“The above deposits and occurrences are located in a roughly concentric pattern around the Limerick
Volcanic Complex. Recent academic work suggests these volcanics may play a significant role in the
emplacement of zinc mineralization. One of the exciting ideas being developed by Group Eleven as part
of the ‘Big Think’ is that known mineralization represents merely the outer edges of the system - with its
heart located towards the centre of the volcanics. With that in mind, it will be very interesting to combine
geological information from this preliminary drilling with results from the ongoing Tellus airborne survey
to produce high-priority drill targets for next year’s ‘Big Drill’ program.”
What is ‘Big Think’? Group Eleven’s ‘Big Think’ exploration is an open-minded and methodical search for
tier-one zinc deposits in the Irish Zinc District through comprehensive re -evaluation of over 70 years of
exploration data, combined with cutting edge geophysical and geoch emical techniques. The Company
believes no other zinc-focused junior or major company is currently exploring on such a broad and deep
scale in Ireland. Please see our ‘Q&A’ discussion on the ‘Big Think’ for further information. For more
information on the Tellus survey, see news release dated September 27 th, 2018. Maps of the Limerick
basin are shown on www.groupelevenresources.com.
1 Pallas Green hosts 44.2 million tonnes of 7.2% Zn + 1.2% Pb in the Inferred Category (Glencore; Dec 31, 2017).
2 Stonepark hosts 5.1 million tonnes of 8.7% Zn + 2.6% Pb in the Inferred Category (Group Eleven; June 18, 2018).
3 Carrickittle prospect hosts historic drilling with up to 5.8 metres of 10.7% Zn and 1.7% Pb; Oola prospect hosts
extensive medieval silver-lead workings (Group Eleven intersected 0.45m of 107 g/t Ag + 4.9% Pb; Dec 31, 2017) .
4 Gortdrum, mined from 1967-1975, contained an historic estimate of 4.2 million tonnes of 1.2% Cu + 23 g/t Ag.
Qualified Person
EurGeol John Barry MSc., M.B.A., P.Geo, Vice President of Exploration Strategy and Director of Group
Eleven’s Irish subsidiary, is the qualified person at Group Eleven Resources, as defined by NI 43 -101. Mr.
Barry has worked for extended periods on Irish-style zinc deposits over much of the last 30 years and is a
professional member of the Institute of Geologists of Ireland and a member of the European Feder ation
of Geologists. Mr. Barry is responsible for the scientific and technical information that forms the basis for
this news release.
About Group Eleven Resources
Group Eleven Resources Corp. (TSX.V: ZNG ; FRA: 3GE and OTC: GRLVF) is focused on zinc expl oration in
Ireland. The Company’s large land package (99 prospecting licenses totalling 3,200 square kilometres)
allows Group Eleven to leverage new geological thinking and geophysical technology to systematically
rethink key aspects of the Irish zinc dist rict. Key projects include Ballinalack (with Joint Venture partner
Nonfemet), Stonepark (with Joint Venture partner Connemara Mining), Silvermines (100%) and Tralee
(100%). The Company’s team includes accomplished mining professionals with direct experience in finding
mines, building companies and exploring Irish zinc deposits.
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
For more information, please contact:
Spiros Cacos, MA
Vice President, Investor Relations
E: [email protected] | T: +1 604 630 8839
Cautionary Note Regarding Adjacent Property Information
This press release contains statements regarding the Pallas Green Mineral Resource estimate by Glencore
plc. Such statements are obtained from publicly available sources and are provided for informational
purposes only. The results within the report referenced are not meant to be indicative of the results and
findings of the Company’s Stonepark property.
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 t hese materials, including the technical reports filed
with respect to the Company's mineral properties, and particularly the technical report entitled “NI 43-
101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland” with
an effective date of April 26, 2018 by Paul Gordon, John Kelly and Belinda van Lente (SLR Consulting
Ireland) with respect to the Stonepark Project.”