Group Eleven Resources Corp has made an interesting discovery: a new, emerging zinc-rich massive sulphide zone at the Ballinalack Project in Ireland. The beautiful region has always been known for its natural beauty and now is gaining attention for its mineral resources. The discovery of 11.8m of 11.6% Zn+Pb (Zinc-Lead) and 48 g/t Ag (Silver) further goes to underline the high potential of metal mining in the area.
The Ballinalack project is a joint venture between Group Eleven and Nonfemet, with Group Eleven holding a 60 percent stake and Nonfemet holding the remaining 40 percent stake. The finding has added a new chapter to the project’s history, showing promising opportunities for future mining developments.
Based on the results of the drilling, the company was able to identify a new zinc-rich massive sulphide (ZMS) zone in close proximity – a significant observation as ZMS is one of the primary sources of zinc used globally. The intersection assessed 11.8m of 11.6% of Zinc and Lead along with 48 g/t of Silver. This level of mineral abundance in the exploratory drillings signifies the potential for a profitable exploitation.
The zinc and silver-rich drill hole, labelled as B-1301-2, located about half a kilometer southeast of Ballywire, has indeed provided noteworthy and encouraging results. It intersected lower limestone replacement-style mineralization, including the considerable 11.8m of 11.6% Zn+Pb and 48 g/t Ag. These figures look promising in terms of the future economic value of this project.
In addition to the identification of this prosperous zone, two more deep holes were drilled to test the Ballywire prospect’s potential. Both came back with significant zinc-lead mineralizations. Encouragingly, these assessments validate the driving factors of Group Eleven’s ‘Big Think’ exploration approach, raising the hopes for the discovery of more extensive mineralized zones nearby.
One of the key factors driving this successful exploratory drilling program was the deployment of modern mining technology. The rigorous method of drilling and systematic sampling, backed by advanced technological instruments, has ensured high-quality results from the exploratory drilling. Citing this as a perfect exemplification of its ‘Big Think’ approach, the Group Eleven team expressed optimism about the future prospects and overall value of the Ballinalack Project.
The discovery has far-reaching implications, especially for Ireland’s mining sector. It opens up potential opportunities for increased investment, new job creation, and will make a significant contribution to the regional economy’s growth. The boost it brings to the Ballinalack Project, and more broadly to the county’s mining sector, is noteworthy.
In summary, Group Eleven’s successful drilling at Ballywire not only bolstered its collaboration with Nonfemet but has also shed fresh light on Ireland’s potential as a choice destination for mineral explorations. With the discovery of the ZMS zone and intersections of 11.6% Zn+Pb and 48 g/t Ag, the landscape of Ireland is indeed becoming more attractive for both local and foreign investors in the mining industry.
