Group Eleven Resources Corp (TSX-V:ZNG) said drilling continues at its Ballywire zinc discovery at the PG West Project in Ireland and has also reported results from regional drilling at its Stonepark Project, in which it has a 76.56% interest, and its PG West Project.
"We are pleased with progress thus far at Ballywire and look forward to learning a great deal more about this exciting prospect as drilling progresses over the coming weeks," said Bart Jaworski, Group Eleven CEO in a statement.
"Results from this program should go a long way towards determining the potential for Ballywire to be a Lisheen-scale zinc system in terms of size and grade. At Carrickittle West, it is very encouraging to see the major fault identified in June 2022, now appearing to be part of a larger structural trend 40-50 km (kilometres) long. This significantly adds to Carrickittle West's discovery potential," he added.
READ: Group Eleven Resources announces plans for follow up drilling at Ballywire and Carrickittle West prospects in Ireland
The follow-up drill program at the Ballywire discovery, consisting of five holes totalling approximately 1,500 metres (m) is ongoing at a steady pace. To date, three holes (totalling 972m) have been completed, with a fourth hole in progress.
Drill results from these initial three holes are expected in 4-6 weeks, pending assay results. One or two additional holes (200m-300m each) may also be added to the current drill program.
Completion of the planned drill program is expected around the end of the first quarter of 2023, with results to be reported thereafter, upon receipt of assay results.
Step-out distances will range from 60m to 120m from discovery hole G11-468-03, which intersected one of the best-mineralized intervals in Ireland in recent years, showing 66.00m of mineralization.
This included (i) 6.85m of 15.4% zinc+lead (Zn+Pb) at 11.1% Zn, 4.3% Pb and 160 grams per ton (g/t) silver (Ag), (ii) 1.71m of 12.2% Zn+Pb at 10.3% Zn and 1.9% Pb and 38 g/t Ag and (iii) 5.00m of 8.3% Zn+Pb (6.2% Zn and 2.1% Pb) and 107 g/t Ag (true widths 80-100% of intercepted width).
The company said the Ballywire discovery area remains open for 3 km to the East-Northeast, 1.5 km to the West, and at least 500m to the North-Northwest.
At the Carrickittle West prospect, drill applications have now been submitted and drilling is expected to start later this year, with specific timing subject to receipt of permits, progress at Ballywire, etc.
Drilling on the company's regional prospects within Stonepark and PG West has now been completed, Group Eleven also noted.
The key takeaway from the regional drilling is that the major fault recently discovered at Carrickittle West is now hypothesized to extend another 10 km-20 km to the Southwest and at least 30 km to the Northeast, demonstrating the extent of the structural trend and increased prospectivity at Carrickittle West.
Group Eleven Resources s a mineral exploration company focused on advanced-stage zinc exploration in Ireland.
Contact the author at jon.hopkins@proactiveinvestors.com