Group Eleven Extends Zone 1 Mineralized Trend by 30m and Intersects Zinc Mineralization 750m to NW of Zone 1 at Carrickittle Zinc Prospect, PG West Project, Ireland
Group Eleven Extends Zone 1 Mineralized Trend by 30m and
Intersects Zinc Mineralization 750m to NW of Zone 1 at Carrickittle
Zinc Prospect, PG West Project, Ireland
Vancouver, Canada, April 5, 2022 - Group Eleven Resources Corp. (TSX -V: ZNG; OTC: GRLVF; FRA: 3GE)
(“Group Eleven” or the “Company”) is pleased to report results from first-pass reconnaissance drilling at
the 1km NW extension at the Carrickittle prospect (“Carrickittle”) within its 100%-owned PG West project
(“PG West”), Ireland. Group Eleven also announces that it plans two rigs and over 6,000m of drilling in
2022, its largest annual drill budget to date. This includes Stonepark JV 1, Ballywire, Tullacondra (hole
recently completed; assays pending), follow-up drilling at Carrickittle and other key prospects at PG West.
Highlights:
• At Carrickittle, G11-2840-26 extended mineralization at Zone 1 by 30m (to 130m) to the NW ,
intersecting 9.33m of 0.48% Zn+Pb and 8.1 g/t Ag (true width 81%), including: (a) a narrow high-grade
zone (0.10m of 20.0% Zn+Pb and 6.6 g/t Ag) and (b) a separate Cu-Ag bearing zone (2.77m of 0.10%
Cu, 20.4 g/t Ag and 0.40% Zn+Pb, including 0.91m of 0.17% Cu, 37.6 g/t Ag and 0.41% Zn+Pb)
• Although narrower than the massive sulphides recently intercepted at Zone 1 (e.g. 7.2m of 30.5%
Zn+Pb and 108 g/t Ag2), the above intercept is approximately ten times wider (at similar grades) than
the nearest pierce point along the modelled lens (0.91m of 0.51% Zn+Pb in historic hole P21)
• Follow-up drilling is in the planning stages to test the possibility of mineralization widening further
towards the NW in an un-drilled area approximately 750m by 950m, immediately north of Zone 1
• Three other holes drilled over 750m to the NW from Zone 1 returned encouraging results (local zinc
mineralization in bedrock, suspected highly -weathered residuals of Zn -Pb mineralization and black-
matrix breccia ) despite not being able to directly test the target horizon due to significant karst
cavities and faulting (with one hole lost mid-way due to excessive cavities)
• The above results corroborate the presence of massive sulphide mineralization intersected in nearby
historic drilling (12.1m of intermittent sphalerite and galena bearing veins, hosting 0.77m of 7.79%
Zn+Pb and 15.4 g/t Ag, including 0.07m of 61.3% Zn+Pb and 107.0 g/t Ag, located in the upper wall
of a 2.4m cavity in hole 2840/9), suggest more high-grade mineralization may be in close proximity
• At Tullacondra, the Company recently completed a 144.5m-long hole (G11-3535-01; see news release
dated February 2, 2022 for background details); assays expected over the next 3-6 weeks
“Along with our extension of Zone 1 by 30% to a strike of 130m, our northerly holes add further evidence
that the mineralizing system seen at Zones 1 -4 likely continues NW and beyond ,” stated Bart Jaworski,
CEO. “This justifie s our recent move to start drilling at the Carrickittle North and West prospects1.
Meanwhile, a large and prospective 950m x 750m area remains undrilled at the centre of the Carrickittle
prospect. We look forward to testing this zone in the next few months, with a view to finding a wider
‘blow-out’ of Zone 1. Separately, our ongoing drilling at the Stonepark JV is progressing on schedule and
we look forward to starting our drill program at Ballywire in the coming weeks. With two rigs and over
6,000m of drilling planned this year, 2022 is poised to be our busiest year to date.”
1 See News Release by Group Eleven dated January 19, 2022
2 See News Release by Group Eleven dated December 9, 2020
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Location of Tullacondra and Carrickittle Prospects at and near PG West Project (100% interest), Ireland
The Carrickittle prospect is located within the PG West Project (100%-interest), located in SW Ireland ,
approximately 10kms along the Pallas Green Corridor from Glencore’s Pallas Green zinc deposit3 (“Pallas
Green”, see Exhibit 1). The Tullacondra Cu-Ag prospect is located approx. 20km south of PG West.
Exhibit 1. Location of Carrickittle Prospect at the PG West Project (100%-interest), Ireland
Notes to Exhibit 1: (a) Pallas Green MRE is owned by Glencore; (b) Stonepark MRE: please refer to the NI
43-101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland,
with an effective date of April 26, 2018 , as found on SEDAR ; (c) 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 classify them as a
current mineral resource and the Company is not treating the historic estimates as current mineral
resources.
Carrickittle – Drill Results from First Pass Drilling at the 1km NW Extension
Carrickittle represents one of the key vectors informing the Company’s on-going drilling at the south-side
of the Limerick Volcanic Complex. As previously reported, drilling at the NW Extension at the Carrickittle
prospect was completed mid-December 2021, comprising four shallow holes (see Exhibit 2), totalling 727
3 Resources and Reserves Report (Glencore, December 31, 2020) – 45.4 million tonnes of 7% Zn + 1% Pb (Inferred)
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metres. This represents the Company ’s first drill campaign at the NW Extension. A ssay results from the
laboratory were delayed due to Covid-19 related issues. This was the Company’s first drill campaign at
the NW Extension.
Exhibit 2. Company’s Recent Drilling at the NW Extension at the Carrickittle Prospect, PG West Project
Note: New holes denoted with black labels; Outline of Zone 1 mineralization is shown as prior to extension by G11 -2840-26; all
historic drilling shown above, except for tight-spaced drilling at Zones 1 to 4; ‘Sph’ mean sphalerite, ‘Gal’ means galena
G11-2840-26 extended mineralization at Zone 1 by 30m (to 130m) along strike, intersecting 9.33m of
0.48% Zn+Pb and 8.1 g/t Ag (true width estimated to be 81%) , including: (a) a narrow high -grade zone
(0.10m of 20.0% Zn+Pb and 6.6 g/t Ag) and (b) a Cu-Ag zone (2.77m of 0.10% Cu, 20.4 g/t Ag and 0.40%
Zn+Pb, including 0.91m of 0.17% Cu, 37.6 g/t Ag and 0.41% Zn+Pb).
Although weaker than the massive sulphides recently intercepted at Zone 1 ( e.g., 7.2m of 30.5% Zn+Pb
and 108 g/t Ag2), the above intercept is approximately ten times wider (at similar grades) versus the next
nearest pierce point along the modelled lens (0.91m of 0.51% Zn+Pb in historic hole P21 ; see Exhibit 3).
The above intercept also occurs on -trend as predicted, adding further confidence to Group Eleven’s
exploration model. Follow-up drilling is being finalized to test the possibility of mineralization widening
further towards the NW in an un-drilled area measuring approximately 750m by 950m, immediately north
of Zone 1 (see Exhibit 2).
Two holes (G11 -2840-27 and -28) were drilled in the NW portion of the Carrickittle prospect,
approximately 750m NW of Zone 1 (see Exhibit 2). This locality was drilled historically (in 2000) yielding
a 12.1m zone of intermittent sphalerite and galena bearing veins, including a zone of clay and massive
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sulphide which averaged 0.77m of 7.79% Zn+Pb and 15.4 g/t Ag , including 0.07m of 61.3% Zn+Pb and
107.0 g/t Ag , located in the upper wall of a 2.4m cavity (historic hole 2840/9). Historic hole 2840/10,
drilled approx. 100m to the NW, intersected a 2.95m zone with intermittent sphalerite and galena veinlets
(not assayed). Importantly, both historic holes had large (7.8m and 1.7m, respectively) cavities at the base
of the Waulsortian limestone and hence, the target horizon remained untested.
Exhibit 3. Recent Drilling at Zone 1 of Carrickittle Prospect, PG West Project, Ireland
Exhibit 4. Summary of Recent Drill Results from Carrickittle 1km NW Extension, PG West, Ireland
Hole ID From Int Zn Pb Zn+Pb Ag Cu Comment
m m % % % ppm %
G11-2840-26 78.93 9.33 0.366 0.112 0.478 6.8 0.031 WL Lmst
incl 82.30 0.10 18.900 1.100 20.000 6.6 0.021 WL Lmst and dyke
and 85.49 2.77 0.209 0.195 0.404 20.4 0.100 WL Lmst
incl 86.37 0.91 0.266 0.141 0.407 37.6 0.166 WL Lmst
G11-2840-27 161.45 1.15 0.522 0.089 0.611 0.7 0.001 WL Lmst dol
" 175.50 1.10 0.164 0.028 0.193 0.8 0.010 Karst Clay
G11-2840-28 49.00 0.80 0.048 0.001 0.049 0.2 0.007 Karst Clay (1 of 8)
G11-2840-29 - - - - - - Volc vent, WL Lmst
Note: True width of hole -26 is estimated at 81%, whereas for holes -27 and -28, true widths are unknown; “WL Lmst” means
Waulsortian limestone; “dyke” is an intrusive rock; “dol” means dolomite (a magnesium alteration of limestone); “Volc vent”
means volcanic vent; Intercept noted for G11-2840-28 is one of eight clay samples which each returned over 300 ppm Zn+Pb;
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The aim of Group Eleven’s drilling in this locality was to drill in the vicinity of the above historic holes and
test the base of the Waulsort ian lim estone (target horizon) , while also assessing the nature of the
prominent NW-trending magnetic-high anomaly in this area (see Exhibit 2).
G11-2840-27, drilled in between the two historic holes, returned 1.15m of 0.61% Zn+Pb in dolomitized
Waulsortian limestone approximately 10 -15m above the target horizon. A number of cavities were
encountered in the hole and specifically, a large (5-10m) cavity was en countered at the base of the
Waulsortian limestone (target horizon), similar to historic drilling. Sampling of residual clays recovered
from this cavity returned v ery anomalous Zn+Pb levels ( 1.10m of 1926 ppm, including 0.60m of 2,035
ppm) suggesting mineralization was likely present before being weathered out in-situ.
G11-2840-28, drilled 50m SE of historic drilling, encountered an even higher number of cavities (with
recoveries averaging only 45%), resulting in the loss of the hole at 113.5m (vs. anticipated target horizon
at 200m). Samples collected across the recovered karst clays returned anomalous Zn+Pb levels (300-495
ppm). It is unclear if higher Zn+Pb levels (similar to G11-2840-27) would be observed in cavities closer to
the target horizon (i.e., if the hole was completed). Despite not being completed, G11-2840-28 definitively
shows the large mag-high feature on the west of this target area reflects karstic Waulsortian limestone.
It is unclear if karst is spatially related (i.e., via preferential weathering) to mineralization in this area.
Despite not being able to directly test the target horizon, the above two holes are encouraging given they
corroborate the presence of massive sulphide m ineralization intersected in nearby historic drilling and
suggest more high-grade mineralization may be in close proximity. Further work would be needed outside
of the magnetic -high anomaly (i.e., outside the karst field; see Exhibit 2) in order to test for better -
preserved zinc mineralization.
The fourth hole (G11-2840-29) was drilled by Group Eleven testing a circular magnetic-high feature (see
Exhibit 2). The hole confirmed the presence of a volcanic vent and intersected a highly-brecciated and
locally pyrite-rich package of Waulsortian limestone, including black-matrix breccia (“BMB”, an important
pathfinder for zinc in Ireland). The BMB intersected is similar to BMBs observed at the Company’s
Stonepark zinc deposit4, located 10km to the NW. The base of the Waulsortian limestone was faulted with
approximately 20m of underlying lithologies removed, suggesting the hole was only a partial test of the
target horizon.
Overall, this hole implies that the circular magnetic-high features located at the north side of the
Carrickittle prospect (see Exhibit 2), likely represent volcanic vents. Given they seem to generally occur
along a broad EW trending belt across the prospect, suggests a structural zone parallel to the southern
edge of the Limerick Volcanic Complex. This structural zone is likely to be prospective for zinc
mineralization, especially towards the north.
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 of the results are within acceptable parameters.
4 Stonepark MRE: please refer to the NI 43-101 Independent Report on the Zinc-Lead Exploration Project at
Stonepark, County Limerick, Ireland, with an effective date of April 26, 2018
6
Qualified Person
Technical information in this news release has been approved by Paul Gordon , P.Geo., geological
consultant at SLR Consulting , and independent ‘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
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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, 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.