* Ballywire – a new, high-grade, shallow, Zn-Pb-Ag discovery in Ireland
• Ireland
6 mines in operation over last 60 years, thanks to high-grades and good infrastructure
Majors: Boliden, Teck, Glencore, South32 (previously: Vedanta and Lundin)
c.30% wind energy currently – going to c.100% wind by 2030 (government stated plan)
Re-opening of Galmoy currently in the works
• Ballywire key intercepts to date (% = Zn+Pb, g/t = Ag):
10.8m of 10.0% and 109 g/t (Discovery Hole)
10.1m of 8.6% and 46 g/t (60m E of Discovery Hole)
3.3m of 12.5%, 48.3 g/t (410m SW of Discovery Hole)
2.9m of 4.3% and 9 g/t, incl. 0.9m of 12.5% and 27 g/t (110m N of Discovery Hole)
2.5m of 6.2% (g/t unknown) (1.5km W of Discovery Hole)
5.0m of 1.6% (g/t unknown) (3km NE of Discovery Hole)
Importantly, all above intercepts bedding-parallel, along the target horizon (classic Irish-type) meaning big tonnage if all above pierce points connect
Open for 3km to the NE, 1.5km to the W and at least 500m to the NNW
- Ballywire is located at the company’s 100% owned PG West Project, located next to Glencore’s Pallas Green project (hosting one of the largest undeveloped zinc projects in the world, 45 mln tonnes of 8% Zn+Pb)
- Next to Pallas Green, Group Eleven also already has a zinc deposit called Stonepark, totalling 5.1 mln tonnes of 11.3% Zn+Pb
- Group Eleven’s board contains a Glencore appointee, Ken Klassen, a mining M&A lawyer
• Next steps
Additional 2-4 holes totaling up to 1,200m
Completion by end of Q1 2023, results thereafter, upon receipt of assays
Please visit their website here.
Twitter @G11Res
