- G11-3552-03 (160m easterly step-out) returned 11.2m of 8.9% Zn+Pb (5.6% Zn and 3.3% Pb) and 83 g/t Ag, including 4.7m of 9.7% Zn+Pb (3.7% Zn and 6.0% Pb) and 79 g/t Ag (true width estimated to be 90-100% of drilled interval)
- G11-468-13 (50m northerly step-out) returned 9.7m of 7.5% Zn+Pb (4.3% Zn and 3.2% Pb) and 43 g/t Ag, in a wider interval totalling 30.4m of 4.3% Zn+Pb (3.0% Zn and 1.4% Pb) and 25 g/t Ag, including 5.6m of 9.8% Zn+Pb (4.8% Zn and 5.1% Pb) and 60 g/t Ag (true width of 90-100%)
- G11-468-15 (80m easterly step-out) returned 4.9m of 11.8% Zn+Pb (2.6% Zn and 9.2% Pb) and 84 g/t Ag (true width of 90-100%)
- G11-468-14 (80m easterly step-out, 50m south of G11-468-15) returned 10.2m of 4.4% Zn+Pb (0.7% Zn and 3.7% Pb) and 19 g/t Ag, including 3.0m of 8.0% Zn+Pb (0.8% Zn and 7.2% Pb) and 38 g/t Ag (true width of 70-90%)
- Mineralization above consists of sphalerite and galena, occurring bedding-parallel at or near the base of the Waulsortian Limestone which dips gently to the south-southeast
"This is a very strong set of assay results from holes drilled significant distances from previously known mineralization," stated
The Ballywire prospect at the Company's 100%-owned
Exhibit 1. Plan View of New Step-Out Drill Holes at Ballywire Discovery,
Exhibit 2. Long-Section of New Step-Out Drill Holes at Ballywire Discovery
Relative to recently announced gravity-high anomalies (see news release dated
Exhibit 3. Plan Map of New Drilling vs. Recently Announced Gravity-High Anomalies at Ballywire
Exhibit 4. Summary of Assays from New Step-Out Drill Holes at Ballywire Discovery,
Hole ID | From | To (m) | Interval | Zn % | Pb % | Zn+Pb % | Ag g/t | Cu % |
G11-468-13 | 253.73 | 284.15 | 30.42 | 2.96 | 1.36 | 4.32 | 25.2 | - |
Incl. | 264.45 | 281.60 | 17.15 | 4.05 | 2.05 | 6.10 | 33.8 | - |
Incl. | 264.45 | 274.14 | 9.69 | 4.27 | 3.24 | 7.51 | 42.7 | - |
Incl. | 268.53 | 274.14 | 5.61 | 4.77 | 5.06 | 9.83 | 60.4 | - |
Incl. | 272.05 | 274.14 | 2.09 | 7.59 | 9.80 | 17.40 | 122.4 | 0.11 |
Incl. | 273.87 | 274.14 | 0.27 | 6.29 | 16.90 | 23.19 | 326.0 | 0.52 |
And | 275.03 | 281.60 | 6.57 | 4.21 | 0.52 | 4.74 | 23.8 | - |
Incl. | 280.00 | 281.60 | 1.60 | 9.47 | 0.71 | 10.18 | 39.4 | - |
G11-468-14 | 267.81 | 320.25 | 52.44 | 0.56 | 0.98 | 1.54 | 15.4 | - |
Incl. | 272.20 | 282.36 | 10.16 | 0.67 | 3.68 | 4.35 | 19.2 | - |
Incl. | 273.00 | 278.85 | 5.85 | 0.62 | 4.33 | 4.94 | 23.2 | - |
Incl. | 272.20 | 275.23 | 3.03 | 0.81 | 7.16 | 7.97 | 38.3 | - |
G11-468-15 | 190.70 | 275.75 | 85.05 | 0.65 | 0.78 | 1.42 | 8.1 | - |
Incl. | 269.84 | 274.69 | 4.85 | 2.57 | 9.24 | 11.82 | 84.5 | 0.13 |
Incl. | 272.38 | 274.69 | 2.31 | 3.87 | 12.45 | 16.32 | 128.1 | 0.17 |
Incl. | 272.38 | 272.57 | 0.19 | 11.35 | 10.85 | 22.20 | 199.0 | 0.34 |
And | 273.26 | 273.80 | 0.54 | 8.16 | 23.30 | 31.46 | 170.0 | 0.14 |
G11-3552-02 | 374.40 | 380.90 | 6.50 | 0.48 | 0.04 | 0.52 | 1.1 | - |
G11-3552-03 | 218.76 | 219.20 | 0.44 | 13.65 | 8.49 | 22.14 | 93.9 | - |
And | 245.89 | 303.90 | 58.01 | 2.11 | 0.98 | 3.09 | 24.8 | - |
Incl. | 259.09 | 291.80 | 32.71 | 2.83 | 1.60 | 4.42 | 36.8 | - |
Incl. | 280.56 | 291.80 | 11.24 | 5.58 | 3.32 | 8.90 | 82.9 | - |
Incl. | 284.20 | 291.80 | 7.60 | 4.56 | 4.04 | 8.60 | 103.8 | 0.12 |
Incl. | 284.20 | 288.91 | 4.71 | 3.70 | 6.04 | 9.74 | 78.5 | - |
Incl. | 280.56 | 281.29 | 0.73 | 31.40 | 7.25 | 38.65 | 160.0 | - |
And | 291.62 | 291.80 | 0.18 | 24.00 | 3.12 | 27.12 | 397.0 | 0.52 |
Note: True width as a percentage of drilled intercept is 90-100% for G11-468-13, G11-468-15, G11-3552-02 and G11-3552-03, and 70-90% for G11-468-14; Percent Cu shown for values greater than 0.10% |
Exhibit 5. Cross-Section Showing G11-468-13 and G11-3552-02 at Ballywire Discovery
G11-468-13 (azimuth 330°, dip -65°) is a 50m step-out hole located up-dip and to the north of G11-468-12 (see Exhibit 5). Strong results from both holes (see Exhibit 4) suggests robust mineralization is likely to continue further north along this section. Weak results from G11-3552-02 (azimuth 330°, dip -65°) located 105m downdip and south of G11-468-12, suggests that the mineralizing system is waning to the south at this locality or that this hole intercepted an isolated dead spot, not uncommon in Irish-Type zinc deposits in
G11-468-14 (azimuth 335°, dip -80°) is an 80m step-out ENE from G11-468-12 (see Exhibit 1 and 6). Strong mineralization was returned within the Waulsortian limestone, with mineralized veins also intersected below this unit. G11-468-15 (azimuth 335°, dip -70°) is a 50m step-out north of G11-468-14, yielding strong mineralization in the hangingwall of an interpreted fault.
G11-3552-03 (azimuth 330°, dip -75°) is a 160m step-out ENE from G11-468-12 (see Exhibit 1 and 7), yielding the best mineralization of the suite of results in today's release. The Company has completed a drill hole stepping out 75m to the north of G11-3552-03 with assays expected over the coming weeks.
The above holes expand the strike-length of known high-grade mineralization by 160m or 29%, from 550m to 710m. Including a massive sulphide intercept from 1997, robust mineralization has been intercepted over 1.7km (see Exhibit 3). Two large gravity-high anomalies yet to be drill tested on either side of the discovery area are highly prospective and total a distance of 2.9km. A further two gravity-high anomalies, also untested, underpin an overall prospective trend of approx. 6km (see news release dated
Exhibit 6. Cross-Section Showing G11-468-14 and G11-468-15 at Ballywire Discovery
Ballywire is located in the SE portion of the Company's 100%-owned
Geologically, Ballywire is situated at the intersection of the SW projection of the Rathdowney Trend, hosting the past-producing Lisheen and Galmoy zinc mines, and the Pallas Green Corridor, which hosts the undeveloped
______________________________ |
1 Pallas Green Mineral Resource Estimate (MRE): 45 mln tonnes of 7.2% Zn and 1.2% Pb, Inferred (Glencore, 31-Dec-2022) |
Exhibit 7. Cross-Section Showing G11-3552-03 and G11-3552-04 at Ballywire Discovery
Notes to Exhibit 8: (a) Pallas Green MRE is owned by Glencore (see Glencore's Resources and Reserves Report dated
Exhibit 8. Regional Map Showing Location of Ballywire Discovery,
Technical information in this news release has been approved by Professor
Group Eleven inserts certified reference materials ("CRMs" or "Standards") as well as blank material, to its sample stream as part of its industry-standard QA/QC programme. The QC results have been reviewed by the Qualified Person, who is satisfied that all the results are within acceptable parameters. The Qualified Person has validated the sampling and chain of custody protocols used by Group Eleven.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer
Neither
This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.
SOURCE
© Canada Newswire, source