Group Eleven Drills 18.8m of 10.2% Zn+Pb, 257 g/t Ag and 0.22% Cu, including 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu at Ballywire Zinc-Lead-Silver Discovery, Ireland
Group Eleven Drills 18.8m of 10.2% Zn+Pb, 257 g/t Ag and 0.22% Cu,
including 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu at
Ballywire Zinc-Lead-Silver Discovery, Ireland
Vancouver, Canada, September 7, 2023 - Group Eleven Resources Corp. (TSX-V: ZNG; OTCBB: GRLVF;
FRA: 3GE) (“Group Eleven” or the “Company”) is pleased to announce assay results from two recent
step-out holes at its 100% -owned Ballywire zinc-lead-silver discovery (“Ballywire”), PG West Project
(“PG West”), Ireland.
Highlights from drill hole G11-468-12 at Ballywire:
• Two high-grade zones intersected, including the most extensive alteration and highest silver and
copper grades discovered to date on the property:
o 10.5m of 14.7% Zn+Pb (5.8% Zn and 8.9% Pb), 399 g/t Ag and 0.31% Cu from 292.0m
downhole, including 1.4m of 33.2% Zn+Pb (18.6% Zn and 14.6% Pb), 923 g/t Ag and 1.00%
Cu, in a broader interval of 18.8m of 10.2% Zn+Pb (3.9% Zn and 6.3% Pb), 257 g/t Ag and
0.22% Cu (true width unknown), interpreted to be an important, steeply-dipping feeder zone
(the “Feeder Zone”) below the Waulsortian limestone; and
o 4.3m of 8.8% Zn+Pb (5.6% Zn and 3.2% Pb), 149 g/t Ag and 0.31% Cu from 266.4m
downhole, including 0.58m of 30.3% Zn+Pb (11.0% Zn and 19.4% Pb), 990 g/t Ag and 2.22%
Cu, in a broader interval of 8.3m of 5.7% Zn+Pb (3.7% Zn and 1.9% Pb), 86 g/t Ag and 0.17%
Cu (true width is 90-100% of reported interval), at the base of the Waulsortian limestone
• Part of a wider interval of 66.9m of 4.1% Zn+Pb (2.0% Zn and 2.1% Pb), 86 g/t Ag and 0.09% Cu
• This h ole represents an 80m step -out to the east (along strike) from G11 -468-06 (which
intersected 6.0m of 12.4% Zn+Pb (8.6% Zn and 3.8% Pb) and 68 g/t Ag
• Ballywire strike-length extended to 550m from G11-468-01 (3.3m of 12.5% Zn+Pb and 48 g/t Ag)
to G11-468-12, open in both directions to the east and west; down-dip extent now at 510m (open
to north and south)
• Two additional step-out holes have recently been completed (assays expected in due course) and
two rigs continue drilling further step-out holes along strike
“We are very excited with the discovery of the Feeder Zone and associated Waulsortian -hosted
mineralization, both of whic h delivered some of the highest silver grades recorded in Ireland and
expanded the strike length of mineralization to 550m” stated Bart Jaworski , CEO. “Today’s results
demonstrate Ballywire’s potential for exceptionally high grades, with the property remaining open for
expansion of the current zone and additional new discoveries. The Feeder Zone is particularly
significant as it will aid our vectoring efforts as we progress our drill program to the east, along the
3km-long, undrilled strike projection of th e mineralizing system. With a growing footprint of
impressive grades, significant room to grow and a two-rig drill program, the next few months of drilling
at Ballywire are poised to be transformational for Group Eleven.”
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New Drill Results at Ballywire Discovery
The Ballywire prospect at the Company’s 100%-owned PG West Project in Republic of Ireland, is a new
discovery (initially announced in September 2022). Two recent step-out holes (G11-468-12 and G11-
468-09) are reported below.
G11-468-12 (-75° dip, 330° azimuth, 323m depth), an 80m step-out to the east (along strike) from
G11-468-06, intersected two significant zones of mineralization: (i) 10.5m of 14.7% Zn+Pb (5.8% Zn
and 8.9% Pb), 399 g/t Ag and 0.31% Cu, in a broader interval of 18.8m of 10.2% Zn+Pb (3.9% Zn and
6.3% Pb), 257 g/t Ag and 0.22% Cu (true width unknown), interpreted to be an important steeply -
dipping and likely vertically extensive feeder zone below the Waulsortian limestone; and (ii) 4.3m of
8.8% Zn+Pb (5.6% Zn a nd 3.2% Pb), 149 g/t Ag and 0.31% Cu , in a broader interval of 8.3m of 5.7%
Zn+Pb (3.7% Zn and 1.9% Pb), 86 g/t Ag and 0.17% Cu (true width is 90-100% of reported interval),
approximately at the base of the Waulsortian limestone (see Exhibit 1, 2 and 3).
Exhibit 1. Plan Map of New Drilling at Ballywire Discovery, PG West Project (100% Interest), Ireland
Note: The “Zn-Pg-Ag zone (higher grade)” depicted in red shading above has been updated to account for holes G11-468-09
and -12 only and no inference is to be made on results from G11-468-13 and G11-3552-02 which have assays pending
The hole returned the most extensive alteration seen to date at Ballywire , consisting of intense
dissolution. Mineralization within the Waulsortian limestone occurs as sphalerite, galena, pyrite and
local chalcopyrite within massive to semi -massive sulphide lenses, disseminations, calcite veins and
localized breccias.
Mineralization in the Feeder Zone occurs below the Waulsortian limestone (see Exhibit 2), consisting
of galena, sphalerite, pyrite and chalcopyrite and occurring within breccias, veins and massive sulphide
lenses, interpreted to occur along a series of steeply -dipping fractures related to a nearby inferred
fault.
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Exhibit 2. Cross-Section B-B’ Showing New Drilling at Ballywire Discovery, PG West Project, Ireland
Exhibit 3. Summary of Assays from G11-468-12 at Ballywire Discovery, PG West Project, Ireland
Item From To Int Zn Pb Zn+Pb Ag Cu
(m) (m) (m) (%) (%) (%) (g/t) (%)
243.84 310.75 66.91 1.98 2.07 4.05 85.8 0.09
Incl. 265.30 273.64 8.34* 3.74 1.92 5.65 85.9 0.17
Incl. 266.36 270.68 4.32* 5.59 3.17 8.76 148.9 0.31
Incl. 269.00 270.68 1.68* 9.20 7.38 16.59 359.9 0.78
Incl. 270.10 270.68 0.58* 10.95 19.35 30.30 990.0 2.22
and 292.00 310.75 18.75^ 3.90 6.26 10.16 257.2 0.22
Incl. 292.00 302.54 10.54^ 5.77 8.94 14.70 399.0 0.31
Incl. 292.00 294.11 2.11^ 15.41 15.29 30.70 723.8 0.72
Incl. 292.74 294.11 1.37^ 18.60 14.58 33.18 922.5 1.00
Incl. 292.74 293.46 0.72^ 22.30 8.33 30.63 932.0 0.70
and 293.46 294.11 0.65^ 14.50 21.50 36.00 912.0 1.34
Note: * Waulsortian-hosted mineralization with true thickness estimated to be 90-100% of reported interval; ^ Feeder Zone
mineralization with true width currently unknown; germanium assays expected in due course
Separately, G11-468-09 (-70° dip, 130° azimuth, 546m depth; a 125m step-out down-dip from G11-
468-10) returned three separate zones of mineralization within the Waulsortian limestone, the best
of which totalled 2.4m of 4.7% Zn+Pb (2.3% Zn and 2.4% Pb), 101 g/t Ag and 0.64% Cu (true width is
estimated to be 70-80% of the reported interval; see Exhibit 4 and 5).
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Exhibit 4. Cross-Section A-A’ Showing G11-468-09 and 510m Down-Dip Extent at Ballywire
Exhibit 5. Summary of Assays from G11-468-09 at Ballywire Discovery, PG West Project, Ireland
Item From To Int Zn Pb Zn+Pb Ag Cu
(m) (m) (m) (%) (%) (%) (g/t) (%)
422.72 428.90 6.18 0.80 0.17 0.97 2.5 0.00
Incl. 422.72 423.97 1.25 2.64 0.51 3.15 5.9 0.00
Incl. 423.81 423.97 0.16 12.90 0.87 13.77 17.8 0.01
And 457.40 458.34 0.94 2.44 0.61 3.05 5.1 0.00
And 485.15 503.00 17.85 0.45 0.82 1.27 15.7 0.09
Incl. 485.15 488.48 3.33 1.68 1.78 3.46 73.0 0.46
Incl. 485.15 487.54 2.39 2.30 2.41 4.71 101.1 0.64
Incl. 485.15 486.53 1.38 2.81 3.92 6.74 157.5 0.74
Incl. 485.65 486.16 0.51 3.26 9.96 13.22 139.0 0.87
Note: True thickness is estimated at 70-80% of the reported interval
Mineralization at Ballywire has now been extended by 80m along strike (to 550m, spanning holes G11-
468-01 to -12; see Exhibit 1) and by 125m down-dip (to 425m, spanning holes G11-468-04 to -09; see
Exhibit 4). Including previously-drilled hole, G11-3552-01, down-dip extent is 510m.
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Next Steps at Ballywire Discovery
Two additional holes (G11 -468-13 and G11-3552-02 drilled to intersect the base of the Waulsortian
limestone 50m up-dip and 100m down-dip from G11-468-12, respectively; see Exhibit 2) have recently
been completed (assays expected in due course). Two rigs continue drilling further step-out holes.
Background Information on Ballywire Discovery
Ballywire is located in the SE portion of the Company’s 100% -owned PG West Project, Republic of
Ireland (see Exhibit 6). PG West, including the nearby Tullacondra prospect, covers an area of 650km2
(251 square miles) and is contiguous with the Company’s Stonepark project (covering 184km2; 76.56%
interest). Ballywire is located approximately 20km SE of Glencore’s Pallas Green deposit 1 and
approximately 50km SW of the historic Lisheen zinc mine (closed in 2015).
Geologically, Ballywire is situated at the intersection of the SW p rojection of the Rathdowney Trend,
hosting the past-producing Lisheen and Galmoy zinc mines, and the Pallas Green Corridor, which hosts
the undeveloped Pallas Green deposit1. Historic drilling at the Ballywire prospect was sparse, last being
worked by operators in 2008. Group Eleven staked the prospect in 2016.
Exhibit 6. Regional Map Showing Location of Ballywire Discovery, PG West Project (100% Interest)
Group Eleven announced the Ballywire discovery in September 2022. Key intercepts to date include:
(i) 3.3m of 12.5% Zn+Pb and 48 g/t Ag (G11 -468-01, announced 07 -Sep-2021), (ii) 10.8m of 10.0%
Zn+Pb and 109 g/t Ag (G11-468-03, 06-Sep-2022); (iii) 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11 -468-
06, 02-Mar-2023; and (iv) 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12; 07-Sep-2023;
see Exhibit 1).
1 Pallas Green Mineral Resource Estimate (MRE): 45 mln tonnes of 7.2% Zn and 1.2% Pb, Inferred (Glencore,
31-Dec-2022)
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Notes to Exhibit 6: (a) Pallas Green MRE is owned by Glencore (see Glencore’s Resources and Reserves
Report dated December 31, 2022); (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, par ameters 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. ‘Rathdowne y Trend’ is the south -
westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.
Qualified Person
Technical information in this news release has been approved by Professor Garth Earls , Eur Geol,
P.Geo, FSEG , geological co nsultant 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. T he 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 BB: 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: 604-644-9514
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 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, inclu ding 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.