Group Eleven Resource Corp (CVE:ZNG) (OTCMKTS:GRLVF) has released new results from a drill program at the Carrickittle zinc prospect on its PG West project in Ireland showing promising zinc grades.
The company intersected 1.4 metres of 14.8% zinc equivalent (ZnEq), including 0.85 metres of 21.7% ZnEq starting at 27.8 metres downhole.
Other intersections included 6.65 metres of 1.2% ZnEq, including 0.3 metres of 13% ZnEq and 1.91 metres of 3.1% ZnEq, including 0.40 metres of 13.2% ZnEq.
READ: Group Eleven Resources encouraged by its first drilling at Gortdrum prospect, a former copper mine in Ireland
Seven out of the eight holes drilled intersected “meaningful” zinc-lead mineralization and defined two northwest-oriented linear trends with a strike length of 50 to 100 metres, respectively, the company said. What’s more, drilling intersected silver values of up to 198 grams per ton over 0.35 metres, Group Eleven added.
The results help to corroborate the northwest-oriented controls on mineralization observed at Carrickittle and gives Group Eleven a key marking point for future exploration to the northwesterly direction.
"We are zeroing in on the prize as we learn more about Carrickittle and the broader 25-kilometre-long Pallas Green Corridor," Bart Jaworski, Group Eleven’s CEO said in a statement.
“A more robust and complete picture is starting to emerge and we are excited to start the next phase of drilling at Carrickittle this summer. The immediate focus will be on Zones 3 and 4, where the prospectivity is materially higher than Zone 2; followed by the 1-kilometre-long corridor to the NW which remains wide-open and increasingly prospective."
Drilling at Carrickittle is expected to start again in the summer to focus on Zone 3 and 4 before moving onto the one-kilometre long NW extenstion.
Vancouver-based Group Eleven is currently drilling at the Croom prospect and will start shortly on the Denison and Oola prospets on the PG West project.
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