Group Eleven Discovers High-Grade Massive Sulphides Including 6.9m of 15.4% Zn+Pb and 160 g/t Ag within Wider Mineralized Interval of 66.0m at Ballywire Prospect, Ireland
Group Eleven Discovers High-Grade Massive Sulphides Including
6.9m of 15.4% Zn+Pb and 160 g/t Ag within Wider Mineralized
Interval of 66.0m at Ballywire Prospect, Ireland
Vancouver, Canada, September 6, 2022 - Group Eleven Resources Corp. (TSX -V: ZNG; OTC: GRLVF;
FRA: 3GE) (“ Group Eleven” or the “ Company”) is pleased to announce the discovery of high -grade
massive sulphide s as part of a n initial step-out reconnaissance drill program at its 100% -interest
Ballywire zinc prospect (“Ballywire”), PG West Project (“PG West”), Ireland.
Highlights:
• G11-468-03 intersected a broad zone of zinc-lead-silver mineralization over a width of 66.0m,
including four higher-grade zones (true width estimated to be 80-100% of intercepted width):
o 5.00m of 8.3% Zn+Pb (6.2% Zn and 2. 1% Pb) and 107 g/t Ag (starting at 228.2m
downhole), including 2.03m of 18.8% Zn+Pb (13.9% Zn and 4.9% Pb) and 227 g/t Ag
o 6.85m of 15.4% Zn+Pb (11. 1% Zn and 4.3% Pb) and 160 g/t Ag (starting at 251.6m),
including 2.05m of 40.8% Zn+Pb (30.5% Zn and 10.3% Pb) and 385 g/t Ag
o 1.71m of 12.2% Zn+Pb (10.3% Zn and 1.9% Pb) and 38 g/t Ag (starting at 268.9m) and
o 0.96m of 5.1% Zn+Pb (4.4% Zn and 0.8% Pb) and 15 g/t Ag (starting at 274.7m)
• The above intercepts contain several massive sulphide zones up to 2.95m thick (downhole)
• This discovery hole represents a 410m step -out NE of G11-468-01 which intersected 3.30m of
12.5% Zn+Pb (10.1% Zn and 2.4% Pb) and 48 g/t Ag (see news release dated September 7th, 2021)
• Discovery area around G11-468-03 remains open and untested along strike for approximately
3km to the ENE and 1.5km to the W, as well as, up-dip to the NNW for at least 500m
• Immediate follow-up drilling is highly warranted
“Given the large step-out, the wide zone of mineralization and grades up to 52.4% Zn+Pb, G11-468-
03 is one of the best holes drilled in Ireland over recent years. This fantastic result validates our team’s
hard work building a robust geological understandin g of our large license area over the last se veral
years,” stated Bart Jaworski, CEO. “Ballywire is situated at the intersection of the Pallas Green Corridor
and the south-westerly projection of the famous Rathdowney Trend, which hosts the historic Lisheen
and Galmoy zinc mines. Given the above results and coupled with hole G11-468-01 drilled in 2021 ,
Ballywire is starting to exhibit signs of a large system with high-grade zinc-lead mineralization now
pierced by three holes over approximately 1.5km. Exploration upside remains wide open reflecting
sparse historic drilling. Notably, the next nearest historic hole to test the target horizon to the ENE is
3km away, and yet still hosts an appreciable 5.0m of 1.6% Zn+Pb.”
“Unlike Carrickittle where high -grade mineralization is steeply dipping, Ballywire mineralization
appears to be bedding-parallel along the base of the Waulsortian limestone. This implies relatively
enhanced tonnage potential , as well as, similarities to the morphology of classic Irish-type zinc
deposits. Overall, with our compelling deep target at Carrickittle West announced in June, high-grade
massive sulphides discovered nearby at Carrickittle in 2020 and now this discovery at Ballywire, the
prospectivity of our extensive land package has never been more exciting. We look forward to
updating the market on next steps at Ballywire and our other projects over the near term.”
2
Regional Setting of the Ballywire Zinc Prospect, PG West Project (100%-interest), Ireland
The Ballywire zinc prospect is located at the intersection of the south-westerly projection of the
Rathdowney Trend (which hosts the historic Lisheen and Galmoy zinc mines) and the Pallas Green
Corridor (see Exhibit 1). Historic drilling at the prospect was sparse, last being worked by operators in
2008. Group Eleven staked the prospect in 2016 based on compelling results from the two most-recent
historic holes.
Exhibit 1. Location of Ballywire Zinc Prospect, PG West (100% interest) Project, Ireland
Notes to Exhibit 1: (a) Pallas Green MRE is owned by Glencore (see Glencore’s Resources and Reserves
Report dated December 31, 2021); (b) Stonepark MRE: see the ‘NI 43-101 Independent Report on the
Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland’, by Gordon, Kelly and van Lente,
with an effective date of April 26, 2018, as found on SEDAR; and (c) the historic estimate at Denison
was reported by Westland Exploration Limited in ‘Report on Prospecting Licence 464’ by Dermot
Hughes dated May, 1988; the historic estimate at Gortdrum was reported in ‘The Geology and Genesis
of the Gortdrum Cu -Ag-Hg Orebody’ by G.M. Steed dated 1986; and the historic estimate at
Tullacondra was first reported by Munster Base Metals Ltd in ‘Report on Mallow Property’ by David
Wilbur, dated December 1973; and later summarized in ‘Cu-Ag Mineralization at Tullacondra, Mallow,
Co. Cork’ by Wilbur and Carter in 1986; the above 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 classify them as a current mineral resource and the Company
is not treating the historic estimates as current mineral resources. ‘Rathdowney Trend’ is the south-
westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.
3
Drill Program at Ballywire, PG West Project (100%-interest), Ireland
The 2022 drill program at Ballywire consisted of four step -out holes totalling 1,400m (see G11-468-
02, G11-468-03, G11-2654-02 and G11 -3552-01 in Exhibit 2). Individual holes stepped-out between
323-546m from G11-468-01, which intersected 3.30m of 12.5% Zn+Pb (10.1% Zn and 2.4% Pb) and 48
g/t Ag (see news release dated September 7th, 2021).
Exhibit 2. Plan View of New Drilling at Ballywire Prospect, PG West Project (100% interest), Ireland
All four holes intercepted zinc mineralization ; however, G11 -468-03 returned an especially wide
interval containing many high-grade lenses (see Exhibit 2, 3, 4 and 5). Also noteworthy, a second hole,
G11-3552-01 (a 546m step-out to the ESE from G11-468-01) intersected a wide zone of mineralization
over 38.55m grading 0.64% Zn+Pb (0.44% Zn and 0.20% Pb), including 0.58m of 4.54% Zn+Pb (3.25%
Zn and 1.29% Pb) and 23 g/t Ag and 0.35m of 6.24% Zn+Pb (3.28% Zn and 2.96% Pb) and 13 g/t Ag
(see Exhibit 2 and 3). High-grade mineralization consists of semi-massive and massive sphalerite and
galena, with lower grade zones consisting of vein -hosted and/or disseminated sphalerite and galena
(see Exhibit 5).
Drilling to date at Ball ywire consistently shows mineralized zones to be generally bedding-parallel
along the base of the Waulsortian limestone (see Exhibit 3), similar to the morphology of classic Irish-
type zinc deposits. The base of the Waulsortian limestone at Ballywire dips to the SSE, shallowing to
the NNW. Altogether, high-grade zinc-lead mineralization at Ballywire is now pierced by three holes
over approximately 1.5km (see 97-468-02, G11-468-01 and G11-468-03 in Exhibit 2):
• 97-468-02 (1997): 2.50m of 6.2 1% Zn+Pb (3.00% Zn and 3.21% Pb), including 0.50m of 20.28%
Zn+Pb (9.60% Zn + 10.68% Pb)
• G11-468-01 (2021): 3.30m of 12.48% Zn+Pb (10.11% Zn + 2.38% Pb) and 48.3 g/t Ag, including
0.40m of 25.45% Zn+Pb (20.10% Zn and 5.35% Pb) and 92.2 g/t Ag
• G11-468-03 (2022): 6.85m of 15.4% Zn+Pb (11.1% Zn and 4.3% Pb) and 160 g/t Ag, including
2.05m of 40.8% Zn+Pb (30.5% Zn and 10.3% Pb) and 385 g/t Ag
4
The discovery area around G11-468-03 remains open and untested along strike for approximately
3km to the ENE and 1.5km to the W, as well as, up-dip to the NNW for at least 500m (see Exhibit 2).
Notably, the next nearest historic hole testing the target horizon to the ENE (99-3552-05) is 3km away
and intersected 5.00m of 1.6% Zn+Pb. Immediate follow-up drilling is highly warranted.
Exhibit 3. Cross-Section of New Drilling at Ballywire Prospect, PG West Project, Ireland
Assay results from G11-468-03 are summarized in Exhibit 4 and shown in full in in Exhibit 5.
Exhibit 4. Summary of Assays from G11-468-03 at Ballywire Prospect, PG West Project, Ireland
Note From
(m)
To
(m)
Interval
(m)
Zn
%
Pb
%
Zn+Pb
%
Ag
g/t
228.20 233.20 5.00 6.24 2.07 8.31 106.8
Including 228.20 230.23 2.03 13.94 4.89 18.83 227.7
251.65 258.50 6.85 11.06 4.34 15.40 160.3
Including 251.65 254.60 2.95 4.42 2.89 7.32 104.1
And 256.45 258.50 2.05 30.52 10.26 40.78 384.7
268.88 270.59 1.71 10.28 1.93 12.21 38.1
274.70 275.66 0.96 4.35 0.79 5.14 14.6
Note: True widths estimated to be 80-100% of the downhole interval
5
Exhibit 5. Continuous Assays from G11-468-03 at Ballywire Prospect, PG West Project, Ireland
From
(m)
To
(m)
Int
(m)
Zn
%
Pb
%
Zn+Pb
%
Ag
g/t
Lithology
222.04 225.09 3.05 0.89 0.32 1.21 8.3 WL w SPH in veins
225.09 228.20 3.11 0.03 0.01 0.04 3.7 WL w PY veins
228.20 228.57 0.37 21.40 3.76 25.16 171.0 MS pebbles - minor cavity above
228.57 229.31 0.74 0.21 0.08 0.29 4.5 WL
229.31 229.87 0.56 32.70 13.70 46.40 632.0 MS lens SPH & GAL
229.87 230.23 0.36 5.32 2.22 7.54 116.0 SPH + PY in vein
230.23 230.80 0.57 1.37 0.47 1.84 68.4 WL - PY in vein
230.80 231.45 0.65 0.93 0.18 1.10 17.6 WL - PY in vein
231.45 232.41 0.96 0.55 0.06 0.61 11.0 WL - PY in vein
232.41 233.20 0.79 1.23 0.02 1.25 13.4 WL - PY in vein
233.20 248.87 15.67 0.15 0.06 0.21 3.6 WL w tr PY
248.87 251.65 2.78 0.38 0.06 0.44 24.3 WL/small dykes w semi-m PY
251.65 252.82 1.17 5.35 1.09 6.44 106.0 MS - mainly PY w GAL
252.82 253.82 1.00 3.54 4.56 8.10 113.0 MS - mainly PY + GAL + SPH
253.82 254.60 0.78 4.17 3.47 7.64 89.7 MS - PY more SPH & GAL
254.60 256.45 1.85 0.07 0.08 0.15 1.5 WL w tr PY
256.45 257.00 0.55 32.70 19.70 52.40 540.0 MS - SPH/GAL/PY
257.00 257.81 0.81 32.10 10.40 42.50 339.0 MS - SPH/GAL/PY
257.81 258.10 0.29 44.30 3.35 47.65 496.0 MS - SPH/GAL/PY
258.10 258.50 0.40 14.35 2.00 16.35 183.0 MS - SPH/GAL/PY
258.50 259.63 1.13 0.32 0.08 0.40 2.5 WL / BN contact, tr SPH, PY
259.63 267.95 8.32 - - - - not yet sampled (low grade)
267.95 268.88 0.93 0.28 0.03 0.31 1.6 BN w tr PY
268.88 269.72 0.84 17.35 1.99 19.34 55.2 BN - SPH cemented BX
269.72 270.59 0.87 3.46 1.88 5.34 21.6 BN - SPH cemented BX
270.59 273.10 2.51 0.31 0.10 0.41 2.0 BN
273.10 274.70 1.60 0.00 0.09 0.10 1.6 BN
274.70 274.95 0.25 4.44 1.12 5.56 13.4 BN - tr SPH in fracture
274.95 275.66 0.71 4.32 0.67 4.99 15.0 BN - PY tuff on shear
275.66 279.11 3.45 0.27 0.12 0.39 1.8 BN crackle BX w tr SPH
279.11 287.37 8.26 - - - - not yet sampled (low grade)
287.37 288.06 0.69 0.93 0.27 1.20 2.9 BST - SPH on small fault
Note: shading above denotes continuous zones of >1.0% Zn+Pb; “SPH” = sphalerite, “GAL” = galena, “PY” = pyrite, “MS” =
massive sulphide, “Semi-m” = semi-massive sulphide, “WL” = Waulsortian Limestone, “BN” = Ballynash Limestone; “BST” =
Ballysteen Limestone; “BX” = Breccia, “tr” = trace and “w” = with; unsampled intervals assumed to be nil grade; true widths
are estimated to be 80-100% of the downhole interval; outside the above interval, trace zinc occurs first at 191.4m downhole
and last at 297.1m downhole
Note that significant zinc-lead mineralization in G11 -468-03, occurs not only in the Waulsortian
limestone, but also in the sub -Waulsortian lithologies (i.e. Ballynash and Ballysteen limestones ; see
Exhibit 5). This is not commonly observed in Ireland outside of known zinc deposits and may suggest
the robust nature of the mineralizing system and/or proximity to at least one of the feeder structures.
An example of high-grade mineralization from G11-468-03 is shown below (see Exhibit 6).
6
Exhibit 6. Photograph of G11-468-03 from 256.45m to 258.50m (2.05m) grading 40.8% Zn+Pb (30.5%
Zn and 10.3% Pb) and 384.7 g/t Ag, Ballywire Prospect, Ireland
Qualified Person
Technical information in this news release has been approved by Professor Garth Earls, Eur Geol,
P.Geo, FSEG , geological consultant at IGS (International Geoscience Services) Limited, and
independent ‘Qualified Person’ as defined under Canadian National Instrument 43-101.
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 Group Eleven Resources
Group Eleven Resources Corp. (TSX.V: ZNG; OTC: GRLVF and FRA: 3GE) is a mineral exploration
company focused on advanced stage zi nc 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: 604-644-9514
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept s 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
7
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, ref er 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.