Group Eleven Announces Start of Diamond Drilling at 100%-owned PG West Project near Limerick, Ireland
Vancouver, Canada, May 28th, 2020 – Group Eleven Resources Corp. (TSX.V: ZNG; OTC: GRLVF; FRA: 3GE) (“Group Eleven” or the “Company”) is pleased to announce the commencement of diamond drilling at its 100%-interest PG West zinc-lead and copper-silver project (“PG West”), near Limerick, in the Republic of Ireland.
As previously announced, drilling at PG West is expected to total approximately 1,000 metres. The first hole commenced drilling on May 22nd, 2020 and is expected to be 300-400 metres deep. The target consists of the base of the Waulsortian limestone on the southern edge of the Limerick Volcanic Complex, along the Pallas Green Corridor. This hole is located 250 meters south of hole G11-450-02 (the “Kilteely hole”; see news release dated May 7th, 2019), which intersected the outer margin of a suspected new Irish-Type zinc-system.
The Kilteely prospect is located approximately 10 kilometres southeast of the Pallas Green zinc deposit (an estimated mineral resource of 45.4 million tonnes of 7% zinc and 1% lead1 in the Inferred category). Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of the mineralization hosted on the PG West property. Results are expected to be release at the end of the entire drill program, in due course.
Please refer to the Company’s recent news releases dated April 21st, 2020 and April 22nd, 2020, respectively, for further information on the Limerick basin, its key target areas, as well as, Group Eleven’s recent Denison and Tullacondra copper-silver prospects.
Technical information in this news release has been approved by David Furlong, P.Geo., Chief Operating Officer, and ‘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
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 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.
1 Pallas Green hosts 45.4 million tonnes of 7% Zn + 1% Pb in the Inferred Category (Glencore; Dec 31, 2019)