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Group Eleven Resources starts drilling at the Stonepark zinc project in Ireland

Stonepark is a joint venture between Group Eleven with a 76.56% interest and Arkle Resources PLC with a 23.44% interest

Group Eleven Resources Ltd. -  Group Eleven Resources starts drilling at the Stonepark zinc project in Ireland
Drill program at Stonepark consists of two step-out holes, planned to total about 810 meters

Group Eleven Resources Corp (CVE:ZNG) (OTCMKTS:GRLVF) announced Thursday that it has commenced drilling at the Stonepark zinc project in the Republic of Ireland. 

Stonepark is a joint venture between Group Eleven with a 76.56% interest and Arkle Resources PLC (LON:ARK), with a 23.44% interest. 

Group Eleven also said it plans for follow-up drilling at its Carrickittle zinc prospect located on the 100%-interest PG West zinc project in Ireland are nearing completion and will be announced over the next few weeks.

READ: Group Eleven Resources set for C$1M raise to advance exploration in Ireland

Project highlights include:

  • Drill program at Stonepark consists of two step-out holes, planned to total around 810 meters (360 metres and 450 metres, respectively); and
  • Holes will test extensions of the Stonepark Mineral Resource Estimate (MRE).

Stonepark MRE totals 5.1 million tonnes grading 8.7% zinc and 2.6% lead (11.3% combined) in the Inferred Category, located about one kilometer west of the Pallas Green zinc-lead deposit.

"We are excited to start drilling at Stonepark and look forward to updating the market on plans for follow-up drilling at Carrickittle in a few weeks," said CEO Group Eleven Bart Jaworski. "The Limerick basin is proving to be a very prospective zinc-lead camp and we look forward to progressing exploration in the near-term."

The Stonepark project is located in south-western Ireland, adjacent to the company’s PG West project (which hosts the Carrickittle zinc prospect) and Glencore's Pallas Green project (which hosts the Pallas Green zinc-lead deposit).

Carrickittle project

At Carrickittle, the company recently announced the discovery of high-grade zinc-lead mineralization. Hole G11-2840-04 intersected 10.3 metres of 14.6% zinc, 5.0% lead (19.6% combined) and 43 grams per ton (g/t) silver, interpreted to be about true width, starting at 56.3 metres downhole. Plans for follow-up drilling are nearing completion and will be announced over the next few weeks.

On its regional targets within the remainder of its PG West project, Group Eleven has now finished drilling and results are expected over the coming few weeks, once laboratory analyses are received, compiled and interpreted.

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

Quick facts: Group Eleven Resources Ltd.

Price: 0.08 CAD

TSX-V:ZNG
Market: TSX-V
Market Cap: $9.15 m
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on 8/11/19

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