- G11-3552-17 (a 360m step-out to the NE): 108.5m of three.5% Zn+Pb (2.8% Zn and 0.7% Pb) and 25 g/t Ag (ranging from 143m downhole), together with:
- 5.6m of 13.1% Zn+Pb (10.5% Zn and a couple of.6% Pb) and 116 g/t Ag and
- 4.2m of 15.2% Zn+Pb (14.4% Zn and 0.8% Pb) and 34 g/t Ag and
- 4.9m of 9.7% Zn+Pb (6.8% Zn and a couple of.8% Pb) and 39 g/t Ag and
- 3.6m of three.1% Zn+Pb (1.3% Zn and 1.8% Pb), 101 g/t Ag and 0.45% Cu
- G11-3552-16 (a 100m step-out to the NE): 24.7m of three.7% Zn+Pb (2.9% Zn and 0.7% Pb) and 12 g/t Ag (ranging from 254m), together with:
- 7.4m of 9.1% Zn+Pb (7.4% Zn and 1.7% Pb) and 29 g/t Ag
- G11-3552-15 (a 360m step-out to the NE): 36.7m of two.9% Zn+Pb (1.6% Zn and 1.3% Pb) and 12 g/t Ag (ranging from 236m), together with:
- 3.8m of 5.9% Zn+Pb (4.5% Zn and 1.4% Pb) and 17 g/t Ag and
- 3.7m of 5.2% Zn+Pb (3.2% Zn and a couple of.0% Pb) and 13 g/t Ag and
- 4.5m of 4.5% (1.9% Zn and a couple of.7% Pb) and 27 g/t Ag
- Two-rig drill program at Ballywire continues on schedule with the following assay outcomes anticipated over the approaching few weeks (three holes are presently accomplished with assays pending)
“We’re excited that the high-grade footprint of the Ballywire discovery has leapt ahead once more,” acknowledged Bart Jaworski, CEO. “As we speak’s drill outcomes prolong identified high-grade mineralization at Ballywire by 360m alongside strike from 890m to 1,250m, and supply compelling proof that mineralization is intensifying in the direction of the shallower, northeastern portion of the invention space. The 108.5m intercept introduced at present is especially notable given high-grade zones happen all through the interval.”
“Along with historic gap 97-468-2 and our bigger step-outs earlier this 12 months, sturdy mineralization pierced by drilling at Ballywire extends over 2.6km, alongside a potential development of over 6km. Given at present’s extra intervals of great large sulphide, Ballywire is once more displaying indicators of a serious zinc-lead-silver discovery. With two rigs turning, we stay up for offering additional drill outcomes over the approaching few weeks.”
Exhibit 1. Cross-Part A-A’ of G11-3552-15 and -17 (360m Step-Out NE) at Ballywire
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Observe: G11-3552-19 is accomplished with assay pending; G11-3552-21 is presently being drilled; 360m step-out refers back to the distance of this fence of drilling from G11-3552-12.
Exhibit 2. Plan Map Exhibiting New Drilling at Ballywire
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Exhibit 3. Cross-Part B-B’ of G11-3552-16 (100m Step-Out Gap NE) at Ballywire
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Observe: G11-3552-18, and -20 are accomplished with assays pending; G11-3552-22 is presently being drilled; 100m step-out refers back to the distance of this fence of drilling from G11-3552-12.
Exhibit 4. Cross-Part C-C’ of G11-3552-14 (50m Step-Out North) at Ballywire
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Observe: 50m step-out refers back to the distance from G11-3552-14 to G11-3552-13
Exhibit 5. Abstract of Assays from G11-3552-17 at Ballywire
| Merchandise | From (m) |
To (m) |
Int (m) |
Zn (%) |
Pb (%) |
Zn+Pb (%) |
Ag (g/t) |
Cu (%) |
| G11-3552-17 | 143.30 | 251.80 | 108.50 | 2.76 | 0.71 | 3.46 | 25.1 | 0.04 |
| Incl. | 143.30 | 157.45 | 14.15 | 5.79 | 1.61 | 7.39 | 66.1 | 0.01 |
| Incl. | 151.85 | 157.45 | 5.60 | 10.54 | 2.55 | 13.09 | 116.2 | 0.02 |
| And | 164.90 | 168.11 | 3.21 | 3.42 | 0.64 | 4.06 | 17.2 | 0.01 |
| And | 174.47 | 192.05 | 17.58 | 2.47 | 0.67 | 3.14 | 13.7 | 0.01 |
| Incl. | 181.87 | 192.05 | 10.18 | 3.08 | 0.92 | 4.01 | 18.1 | 0.01 |
| Incl. | 185.56 | 192.05 | 6.49 | 3.11 | 1.26 | 4.38 | 20.8 | 0.01 |
| Incl. | 185.56 | 189.34 | 3.78 | 3.50 | 1.61 | 5.11 | 25.6 | 0.01 |
| And | 210.02 | 235.94 | 25.92 | 5.08 | 1.10 | 6.19 | 20.7 | 0.03 |
| Incl. | 210.02 | 222.16 | 12.14 | 6.68 | 0.52 | 7.20 | 20.1 | 0.01 |
| Incl. | 210.02 | 216.18 | 6.16 | 10.56 | 0.62 | 11.18 | 30.2 | 0.02 |
| Incl. | 210.02 | 214.22 | 4.20 | 14.39 | 0.78 | 15.17 | 34.3 | 0.02 |
| And | 229.20 | 234.09 | 4.89 | 6.81 | 2.84 | 9.65 | 39.5 | 0.07 |
| And | 241.17 | 251.80 | 10.63 | 1.43 | 0.87 | 2.30 | 76.0 | 0.29 |
| Incl. | 242.09 | 245.70 | 3.61 | 1.27 | 1.83 | 3.10 | 100.8 | 0.45 |
Observe: True width of the general mineralized package deal above is estimated at approx. 80-100% of the intersected interval; mineralized intercepts from approx. 143m to 200m consist predominantly of a sequence of steep north-dipping veins, whereas mineralization from approx. 200m to 250m is dominated by flat-lying layers of sphalerite-dominate large sulphide
Exhibit 6. Abstract of Assays from G11-3552-14, -15 and -16 at Ballywire
| Merchandise | From (m) |
To (m) |
Int (m) |
Zn (%) |
Pb (%) |
Zn+Pb (%) |
Ag (g/t) |
Cu (%) |
| G11-3552-14 | 216.41 | 233.50 | 17.09 | 1.05 | 0.24 | 1.28 | 3.6 | – |
| Incl. | 216.41 | 224.34 | 7.93 | 1.55 | 0.27 | 1.82 | 5.6 | – |
| Incl. | 216.41 | 221.95 | 5.54 | 1.76 | 0.29 | 2.05 | 6.7 | – |
| Incl. | 216.41 | 219.22 | 2.81 | 2.65 | 0.40 | 3.05 | 10.4 | – |
| G11-3552-15 | 236.49 | 294.82 | 58.33 | 1.09 | 0.83 | 1.92 | 18.6 | – |
| Incl. | 236.49 | 273.16 | 36.67 | 1.58 | 1.29 | 2.87 | 11.6 | – |
| Incl. | 241.11 | 244.87 | 3.76 | 4.50 | 1.43 | 5.94 | 17.0 | – |
| And | 249.42 | 253.13 | 3.71 | 3.16 | 2.04 | 5.19 | 13.1 | – |
| And | 268.65 | 273.16 | 4.51 | 1.85 | 2.67 | 4.52 | 27.5 | – |
| And | 290.96 | 291.45 | 0.49 | 4.68 | 0.47 | 5.15 | 743.0 | 2.28 |
| G11-3552-16 | 254.52 | 279.25 | 24.73 | 2.93 | 0.74 | 3.67 | 12.2 | – |
| Incl. | 254.52 | 263.88 | 9.36 | 6.22 | 1.41 | 7.63 | 24.6 | – |
| Incl. | 255.52 | 262.91 | 7.39 | 7.38 | 1.70 | 9.08 | 28.6 | – |
| Incl. | 255.52 | 259.14 | 3.62 | 9.79 | 1.92 | 11.71 | 39.3 | – |
| G11-2654-03 | 278.23 | 283.91 | 5.68 | 0.21 | 0.04 | 0.26 | 1.6 | – |
| Incl. | 282.70 | 283.91 | 1.21 | 0.70 | 0.13 | 0.83 | 4.7 | – |
| And | 297.14 | 306.63 | 9.49 | 0.13 | 0.04 | 0.16 | 0.7 | – |
Observe: True width (as a % of the intersected interval) of the general mineralized package deal is approx. 90-100% for G11-3552-14, 80-100% for G11-3552-15, 90-100% for G11-3552-16 and 90-100% for G11-2654-03
Most Current 5 Holes from 2024 Drill Marketing campaign at Ballywire Discovery
The Ballywire prospect on the Firm’s 100%-owned PG West Venture in Republic of Eire, is a brand new zinc-lead-silver discovery (first introduced Sept-2022). Along with 31 holes drilled and reported by Group Eleven up to now, the newest 5 (5) step-out holes (G11-3552-14, -15, -16, -17, and G11-2654-03) of the 2024 program are reported at present (see Reveals 1 to six).
Excessive-grade mineralization from the above drill holes consists predominantly of large and semi-massive sulphide (sphalerite, galena, pyrite, chalcopyrite and suspected tennantite-tetrahedrite), in addition to, disseminated and vein hosted sulphide mineralization. Mineralization happens alongside and/or near the bottom of the Waulsortian limestone (see Exhibit 1).
Along with the above, G11-2654-03 (testing the ‘B’ gravity anomaly) prolonged identified mineralization roughly 370m to the southwest from the southwestern fringe of the invention space (see Exhibit 2). The outlet returned anomalous mineralization alongside or close to the bottom of the Waulsortian Limestone. This info coupled with a rising set of structural (fault location) knowledge (see Exhibit 2), recommend mineralization could also be faulted southwards on this portion of the Ballywire prospect. Additional drilling to the south is warranted and deliberate for future campaigns.
Exhibit 7. Regional Gravity Map of Ballywire Space Exhibiting 6km Lengthy Potential Development
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Notes to Exhibit 8: (a) Pallas Inexperienced MRE is owned by Glencore (see Glencore’s Assets and Reserves Report dated December 31, 2023); (b) Stonepark MRE: see the ‘NI 43-101 Impartial Report on the Zinc-Lead Exploration Venture at Stonepark, County Limerick, Eire’, by Gordon, Kelly and van Lente, with an efficient date of April 26, 2018, as discovered on SEDAR; and (c) the historic estimate at Denison was reported by Westland Exploration Restricted in ‘Report on Prospecting Licence 464’ by Dermot Hughes dated Could, 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 haven’t been verified as present mineral assets; not one of the key assumptions, parameters and strategies used to organize the historic estimates have been reported and no useful resource classes have been used; important knowledge compilation, re-drilling and knowledge verification could also be required by a Certified Particular person earlier than the historic estimates may be verified and upgraded to be compliant with present NI 43-101 requirements; a Certified Particular person has not completed adequate work to categorise them as a present mineral useful resource and the Firm shouldn’t be treating the historic estimates as present mineral assets. ‘Rathdowney Development’ is the south-westerly projection of the Rathdowney Development, internet hosting the historic Lisheen and Galmoy mines.
Exhibit 8. Regional Map of PG West (100% Curiosity) and Stonepark (76.56% Curiosity) Initiatives
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Certified Particular person
Technical info on this information launch has been accredited by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological advisor at IGS (Worldwide Geoscience Providers) Restricted, and unbiased ‘Certified Particular person’ as outlined below Canadian Nationwide Instrument 43-101.
High quality Assurance/High quality Management (QA/QC) Info
Group Eleven inserts licensed reference supplies (“CRMs” or “Requirements”) in addition to clean materials, to its pattern stream as a part of its industry-standard QA/QC programme. The QC outcomes have been reviewed by the Certified Particular person, who’s happy that each one the outcomes are inside acceptable parameters. The Certified Particular person has validated the sampling and chain of custody protocols utilized by Group Eleven.
About Group Eleven Assets
Group Eleven Assets Corp. (TSX.V: ZNG; OTCBB: GRLVF and FRA: 3GE) is a mineral exploration firm targeted on superior stage zinc exploration within the Republic of Eire. Group Eleven introduced the Ballywire discovery in September 2022. Key intercepts up to now embrace:
- 3.3m of 12.5% Zn+Pb and 48 g/t Ag (G11-468-01)
- 10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)
- 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)
- 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)
- 11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)
- 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and
- 6.1m of 11.4% Zn+Pb, 85 g/t Ag (G11-3552-13)
- 5.6m of 13.1% Zn+Pb, 116 g/t Ag (G11-3552-17)
The Firm’s two largest shareholders are Glencore Canada Corp. (17.6% curiosity) and Michael Gentile (17.0%). Extra details about the Firm is offered at www.groupelevenresources.com.
Neither TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
Cautionary Observe Relating to Ahead-Wanting Info
This press launch comprises forward-looking statements inside the which means of relevant securities laws. Such statements embrace, with out limitation, statements relating to the longer term outcomes of operations, efficiency and achievements of the Firm, together with the timing, content material, price and outcomes of proposed work applications, the invention and delineation of mineral deposits/assets/ reserves and geological interpretations. Though the Firm believes that such statements are affordable, it may give no assurance that such expectations will show to be appropriate. Ahead-looking statements are sometimes recognized by phrases akin to: consider, count on, anticipate, intend, estimate, postulate and comparable expressions, or are these, which, by their nature, consult with future occasions. The Firm cautions buyers that any forward-looking statements by the Firm usually are not ensures of future outcomes or efficiency, and that precise outcomes might differ materially from these in ahead wanting statements because of varied elements, together with, however not restricted to, variations within the nature, high quality and amount of any mineral deposits which may be positioned. The entire Firm’s public disclosure filings could also be accessed by way of www.sedar.com and readers are urged to assessment these supplies, together with the technical studies filed with respect to the Firm’s mineral properties.
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