Group Eleven Resources Corp. is pleased to announce a maiden independent Mineral Resource estimate at its Stonepark zinc project in Ireland, of 5.3 million tonnes grading 11.15% Zn+Pb combined (8.55% zinc and 2.60% lead) in the Inferred Mineral Resource category (prepared in accordance with CIM guidelines; see Exhibit 1). The Mineral Resource estimate was prepared by CSA Global (UK) Ltd. (“CSA Global”) under contract to SLR Consulting Ireland (“SLR”) and was based on drilling conducted by Teck Resources Limited (the previous operator) from 2007 to 2011.
The deposit is relatively shallow (occurring at depths ranging from 190m to 395m) and consists of flat-lying, stratiform (1.0 to >7.5m thick) lenses of massive to semi-massive sphalerite, galena and pyrite hosted in thick (10 to >75m) hydrothermal alteration bodies (primarily black matrix breccia, or “BMB”) within the Waulsortian limestone. SLR and CSA Global comment that the Mineral Resource is open along and across strike and recommend additional step-out drilling to potentially augment the resource base.
SOURCE: GROUP ELEVEN RESOURCES CORP.
DATE: APRIL 17, 2018
