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:
- 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 - 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 hole 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
New Drill Results at Ballywire Discovery
The Ballywire prospect at the Company's 100%-owned
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 and 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,
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
Exhibit 2. Cross-Section B-B' Showing New Drilling at Ballywire Discovery,
Exhibit 3. Summary of Assays from G11-468-12 at Ballywire Discovery,
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; ^ |
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).
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,
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.
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
Geologically, Ballywire is situated at the intersection of the SW projection of the Rathdowney Trend, hosting the past-producing Lisheen and Galmoy zinc mines, and the Pallas Green Corridor, which hosts the undeveloped
______________________________ |
Exhibit 6. Regional Map Showing Location of Ballywire Discovery,
Group Eleven announced the Ballywire discovery in
Notes to Exhibit 6: (a) Pallas Green MRE is owned by Glencore (see Glencore's Resources and Reserves Report dated
Qualified Person
Technical information in this news release has been approved by Professor
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.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer
Neither
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.
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