Group Eleven Resources (TSXV:ZNG) - Massive Zinc Grades Over Mineable Widths

Interview with Bart Jaworski, CEO of Group Eleven Resources Corp.Recording date: 23rd November 2023New High-Grade Zinc Discovery in Proven Irish DistrictGroup Eleven Resources is on to what looks like could shape up to be a major new zinc discovery called Stonepark, located adjacent to one of the world's largest undeveloped zinc deposits held by Glencore. Led by CEO Bart Jaworski, Group Eleven has methodically explored over the past 7 years to zero in on this brand new zone of high-grade zinc mineralization in Ireland’s prolific orefields.With every single hole drilled at Stonepark intercepting zinc mineralization to date, the consistency points to strong potential for scale. The current strike length stands at 710 meters and is open. However, gravity surveys reveal a 2.9 kilometer long geophysical anomaly on trend, suggesting minable zinc may extend much further. When additional historical drill holes are considered, there is already evidence of mineralization over a 1.7 kilometer distance.On top of that, regional gravity data outlines a 6 kilometer by 2 kilometer area littered with untested anomalies for Group Eleven to continue exploring. As Jaworski explained, this scale compares favorably in size next to past operating Irish zinc mines.The highlight discovery hole stands out with an impressive 66 meters mineralized interval including 10 meters at 10% zinc, 100 g/t silver, and 2 meters grading a spectacular 41% zinc with 385 g/t silver. Subsequent holes have continued to demonstrate not only grade but also mineable widths, like 33 meters at 4.4% zinc within a broader 58 meter interval.As the CEO stated, "What I love about this is the fact that all the red lines up pretty much exactly where you'd want it to be – it's all very consistent, which means tonnage potential. We don't need a lot of drilling."Beyond the geology, Ireland offers advantages as a stable pro-mining jurisdiction with infrastructure to support development. Globally prestigious mining companies like Glencore seem to recognize the potential - they own 21% of Group Eleven's stock. Meanwhile, valuation remains discounted compared to peers based on the meters drilled so far.—View Group Eleven Resources' company profile: https://www.cruxinvestor.com/companies/group-eleven-resources-corpSign up for Crux Investor: https://cruxinvestor.com

There are no comments yet.

Please log in to write the first comment.