Group Eleven Resources Corp. announces that it has commenced drilling at the Stonepark zinc project in the Republic of Ireland. Stonepark is a joint venture between Group Eleven (76.56% interest) and Arkle Resources PLC (23.44% interest). Plans for follow-up drilling at the Company’s Carrickittle zinc prospect located on the 100%-interest PG West zinc project in Ireland are nearing completion and will be announced over the next few weeks.
- Drill program at Stonepark consists of two step-out holes, planned to total approximately 810 metres (360 metres and 450 metres, respectively)
- Holes will test extensions of the Stonepark Mineral Resource Estimate (“MRE”)
- Stonepark MRE totals 5.1 million tonnes grading 8.7% zinc and 2.6% lead (11.3% combined) in the Inferred Category (see news release dated April 17th, 2018), located approximately one kilometre west of the Pallas Green zinc-lead deposit1
“We are excited to start drilling at Stonepark and look forward to updating the market on plans for follow-up drilling at Carrickittle in a few weeks,” stated Bart Jaworski, CEO. “The Limerick basin is proving to be a very prospective zinc-lead camp and we look forward to progressing exploration in the near-term.”
The Stonepark project is located in the Limerick basin, in south-western Ireland. Stonepark is adjacent to the Company’s 100%-interest PG West project (which hosts the Carrickittle zinc prospect) and Glencore’s Pallas Green project (which hosts the Pallas Green zinc-lead deposit1).