Group Eleven Resources Corp (CVE:ZNG) (OTCMKTS:GRLVF) (FRA:3GE) revealed follow-up drilling is expected to start at its Carrickittle prospect at the PG West project in mid-February this year, as it also outlined exploration plans for its other properties in Ireland.
The work will focus on zone two at Carrickittle and comprise around 400 metres (m) at the area, which has seen "significant" previous intercepts, including 4.9m at 11.4% zinc and 1.4% lead.
READ: Group Eleven Resources says further drilling warranted at Stonepark zinc project in Ireland after "robust results" from step-out program
A silver zone encountered in one hole reported last month, has now been found to consist of a narrower (20cm) interval averaging a whopping 3,961 grams per ton (g/t) silver, which the firm believes is one of the highest silver grades ever achieved in Ireland.
"We are impressed by the strength of the high-grade silver zone at Carrickittle and look forward to the start of the next phase of drilling at Zone 2," said CEO Bart Jaworski in a statement.
"It is very encouraging that mineralization at Carrickittle appears to respond to IP geophysical techniques," he added.
"These surveys should increase our chances of finding more massive sulphide mineralization as we progress exploration at Carrickittle over the coming months."
Group Eleven also noted that an induced polarization (IP) survey was recently completed over Zones 1 and 2 and appeared to respond in areas of known mineralization. A more extensive IP survey is currently underway, focusing on Zones 1-4, which will be completed in the next few weeks.
Exploration is also ongoing at Group Eleven's other prospects, within its 100%-owned PG West project. The order of work was stated as follows:
- Gortdrum (copper-silver prospect) - two short holes, for 375m, have recently been drilled along a major fault which extends for 3-kilometres beyond the historic Gortdrum mine (results to be announced once laboratory results are ready over the coming few weeks);
- Denison (copper-silver prospect) - around 300 meters of drilling is expected, starting in March;
- Croom (zinc prospect) - two short holes, totalling 300 metres, are expected, starting in March; and
- Ballywire, a prospect with similarities to Carrickittle, - a hole, for 250m, is planned during early Q2.
Group Eleven is focused on advanced stage zinc exploration in Ireland.
Contact the author at giles@proctiveinvestors.com