VANCOUVER, May 28, 2020 /CNW/ - Group Eleven Resources Corp.
(TSX.V: ZNG; OTC: GRLVF; FRA: 3GE) ("Group Eleven" or the
"Company") is pleased to announce the commencement of
diamond drilling at its 100%-interest PG West zinc-lead and
copper-silver project ("PG West"), near Limerick, in the Republic of Ireland.
As previously announced, drilling at PG West is expected to
total approximately 1,000 metres. The first hole commenced drilling
on May 22nd, 2020 and is
expected to be 300-400 metres deep. The target consists of the base
of the Waulsortian limestone on the southern edge of the Limerick
Volcanic Complex, along the Pallas Green Corridor. This hole is
located 250 meters south of hole G11-450-02 (the "Kilteely hole";
see news release dated May
7th, 2019), which intersected the outer margin of
a suspected new Irish-Type zinc-system.
The Kilteely prospect is located approximately 10 kilometres
southeast of the Pallas Green zinc deposit (an estimated mineral
resource of 45.4 million tonnes of 7% zinc and 1% lead[1] in the
Inferred category). Mineralization hosted on adjacent and/or nearby
properties is not necessarily indicative of the mineralization
hosted on the PG West property. Results are expected to be release
at the end of the entire drill program, in due course.
Please refer to the Company's recent news releases dated
April 21st, 2020 and
April 22nd, 2020,
respectively, for further information on the Limerick basin, its key target areas, as well
as, Group Eleven's recent Denison and Tullacondra copper-silver
prospects.
Qualified Person
Technical information in this news release has been approved by
David Furlong, P.Geo., Chief
Operating Officer, and 'Qualified Person' as defined under Canadian
National Instrument 43-101.
About Group Eleven Resources
Group Eleven Resources Corp. (TSX.V: ZNG; OTC: GRLVF and FRA:
3GE) is a mineral exploration company focused on advanced stage
zinc exploration in Ireland.
Additional information about the Company is available at
www.groupelevenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer
Cautionary Note Regarding Forward-Looking Information
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.
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1
Pallas Green hosts 45.4 million tonnes of
7% Zn + 1% Pb in the Inferred Category (Glencore; Dec 31,
2019)
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SOURCE Group Eleven Resources Corp.
