Group Eleven Resources Ltd. (TSX-V:ZNG) revealed plans for an upcoming drill program at two of its Irish projects.
The Vancouver-based company said it is fully-funded for a 2,300-metre (m), six-hole drill program at the Stonepark project, which is contiguous to its PG West project.
Group Eleven is hoping to drill a couple of stepout holes in the northern and western portions of the Carrickittle prospect on PG West.
READ: Group Eleven Resources reveals strongest drill results to date at Caricklittle prospect on the PG West project in Ireland
Group Eleven told investors that the Carrickittle holes are “significant” because they are the first substantial tests of the southern margin of the Limerick Volcanic Complex (LVC), which management believes has the potential to host zinc mineralization similar in style and scale to Glencore's nearby Pallas Green deposit.
Another drill program at the Ballywire prospect is planned to start in a few months to follow up recently discovered high-grade massive sulphides.
“(We) are now making our first substantial steps into the south side of the LVC within the Carrickittle North area, testing the hanging wall of a major-displacement fault that Group Eleven identified in 2020," CEO Bart Jaworski said in a statement.
The company will be drilling at Carrickittle North and West to search for the hypothesized 'mirror-image' of the Pallas Green deposit, according to Jaworski.
“Other holes at Stonepark will aim to potentially expand the Stonepark MRE while advancing exciting prospects nearby, some of which are proximal to drilling on the adjacent Rathkeale property, recently announced by Adventus/South325,” the CEO added.
Ballywire also remains a top priority, Jaworski said, following a 220m step-out hole that discovered new high-grade massive sulphide – the best result to date at Ballywire.
“Given the above, plus the fact Ballywire lies at the intersection of the Rathdowney Trend and the Pallas Green Corridor, we are excited to start follow-up drilling at the earliest opportunity,” the CEO said.
The Stonepark zinc project is owned 76.56% by Group Eleven as operator and 23.44% by Arkle Resource PLC.
Contact Angela at angela@proactiveinvestors.com
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