Group Eleven Intersects 11.8m of 11.6% Zn+Pb and 48 g/t Ag, Identifies Emerging Zinc-Rich Massive Sulphide Zone at Ballywire
The mining sector is abuzz with a recent development in the exploration activities of Group Eleven Resources Corp. (TSX.V: ZNG), as the company announced a significant discovery at its Ballywire project located in Ireland. A press release issued by the company sheds light on the latest drilling results, which have unveiled an impressive intersection of 11.8 meters consisting of 11.6% zinc plus lead and 48 grams per tonne of silver. This discovery marks an important milestone in the exploration efforts at Ballywire, underlining the potential for further resource expansion and the emergence of a zinc-rich massive sulphide zone.
The Ballywire project, situated in the world-renowned Limerick Basin, has been a focal point of Group Eleven’s exploration endeavors due to its promising geological characteristics. The recent drilling program, designed to follow up on previous successful results, has now delivered exceptional intercepts that demonstrate the high-grade mineralization present in the area. The intersected zinc and lead grades of 11.6% are notably significant and showcase the strong mineral endowment of the Ballywire project.
Moreover, the discovery of a zinc-rich massive sulphide zone at Ballywire underscores the prospectivity of the region for hosting economically viable mineral deposits. The identification of such mineralization bodes well for the future development potential of the project and reinforces Group Eleven’s commitment to advancing exploration activities in Ireland’s mining-friendly jurisdiction.
The significance of the latest drilling results cannot be overstated, as they provide valuable insights into the geological setting and mineralization style at Ballywire. With the emergence of the zinc-rich massive sulphide zone, the project’s exploration upside has been further enhanced, paving the way for additional resource delineation and expansion efforts in the near future.
Group Eleven’s successful intersection at Ballywire attests to the company’s technical expertise and strategic approach to exploration, highlighting its ability to unlock the mineral potential of the Limerick Basin. Leveraging this recent discovery, Group Eleven is well positioned to advance its exploration objectives and unlock further value for its stakeholders.
In conclusion, the intersection of 11.8 meters of high-grade mineralization at Ballywire represents a significant breakthrough for Group Eleven Resources Corp. and underscores the immense mineral potential of the project. With the identification of a zinc-rich massive sulphide zone, the company is poised to accelerate its exploration activities and drive value creation in the highly prospective mining jurisdiction of Ireland. As Group Eleven continues to unlock the mineral wealth of the Limerick Basin, investors and industry stakeholders can look forward to further exciting developments from this dynamic exploration company.
