Group Eleven Resources Ltd (CVE:ZNG, OTC:GRLVF) updated on activity in Ireland on Tuesday, where a large airborne geological survey over the company's ground has now been completed.
The national 'Tellus' study over Group Eleven's Stonepark, PG West and Silvermines projects is now finished and data is currently being processed by the GSI (Geological Survey of Ireland) and is expected to be publicly released sometime in the third quarter this year, the company said.
READ: “It’s a huge result for us”: Group Eleven’s Bart Jaworski on the significance of recent drilling at Stonepark
The work covered a large 2,100 sq km of magnetics, EM and Radiometrics data over Group Eleven's exploration ground in the highly prospective Limerick and Silvermines geological basins.
The survey is expected to advance high-priority, drill targets in the region.
Earlier this month, the firm revealed encouraging new drill assays from the Stonepark zinc-lead project, where it has a 76.6% stake, and the adjacent 100% owned PG West project, where it found significant new mineralization along the Pallas Green corridor.
The firm sank five diamond holes, totalling around 2,700 metres (m) on the Stonepark and adjoining PG West properties from November 2018 to April 2019.
"We are excited to overlay the upcoming Tellus geophysical data on our recently-released preliminary drill results at Stonepark PG West," said Bart Jaworski, the CEO of Group Eleven.
"Combining these data sets will help us further refine our high-priority drill targets and potentially lead to new and exciting ideas ahead of our 'Big Drill' campaign later this year. Identifying mineralized corridors connecting known mineralization in the camp, including Pallas Green, Stonepark, Carrickittle-Kilteely, Ballywire, Oola and Gortdrum – will take us a big step closer towards our vision of discovering Ireland's next Tier 1 zinc deposit."
Among the largest zinc producers in Europe
The company also reminded today that zinc is the fourth most consumed metal in the world after iron, aluminium and copper, while global inventories total less than six days of global consumption.
Ireland is one of the largest zinc producers in Europe and host to some of the world's largest zinc deposits and Group Eleven believes new major deposits remain to be discovered via comprehensive re-evaluation of the region's geology coupled with new exploration techniques such as airborne geophysical surveys, ground-based seismic surveys, artificial intelligence and other emerging technologies.
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