That gap, a 180-metre step-out from the invention space, additionally included 12.9 metres of 5.8% zinc and 10.8% lead, 123 grams silver and 0.19% copper; 5.2 metres at 2.8% zinc, 21.3% lead, 76 grams silver and 0.1% copper; and 6.8 metres of 8.5% zinc and 4.1% lead, 172 grams silver and 0.29% copper.
The opening hit primarily large and semi-massive sulphide mineralization, in addition to disseminated and vein-hosted sulphide mineralization, Group Eleven mentioned.
G11-3553-12 is the very best gap drilled but at Ballywire, CEO Bart Jaworski mentioned.
“With a 2.6 km-long footprint, a 6 km-long potential pattern and more and more sturdy intervals of large sulphide, Ballywire is more and more exhibiting indicators of a significant zinc-lead-silver discovery,” he mentioned.
The outcomes come nearly two years after the corporate made its preliminary discovery of the high-grade large sulphides at Ballywire, which sits on the intersection of the Pallas Inexperienced and Rathdowney mineralized tendencies. Ballywire can also be about 20 km southeast of Glencore’s (LSE: GLEN) Pallas Inexperienced zinc deposit.
Gap G11-3552-12 was drilled about 50 metres up-dip from gap G11-3552-09 which returned 21.8 metres of mineralization, together with 2.8 metres of three.4% zinc and 0.8% lead and 5 grams silver. G11-3552-09 was among the many 4 holes reported on Tuesday.
The 4 holes lengthen the recognized high-grade large sulphide mineralization by 180 metres or 25% from a strike size of 710 metres to 890 metres.
The G11-3552-12 outcomes justify additional drilling eastwards in the direction of gap G11-3552-07, which in April minimize 4.4 metres of 304 grams silver and 0.73% copper, together with 0.6 metre of 1,440 grams silver and three.03% copper, the corporate mentioned.
Group Eleven shares traded at C$0.19 apiece on Tuesday, valuing the corporate at C$38 million. Its shares traded in a 52-week vary of C$0.06 and C$0.28.