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Group Eleven announces Tellus airborne geophysical survey completion

Mining News - Published on Thu, 23 May 2019

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Group Eleven Resources Corp announced that, further to the Company's news release dated September 27,2018, the Geological Survey of Ireland's airborne geophysical survey over the Company's Stonepark, PG West and Silvermines projects in the Republic of Ireland is now complete. Data is currently being processed by the GSI and is expected to be publicly released sometime in the third quarter of 2019. Mr Bart Jaworski, CEO of Group Eleven, said that "We are excited to overlay the upcoming Tellus geophysical data on our recently-released preliminary drill results at Stonepark PG West. Combining these data sets will help us further refine our high-priority drill targets and potentially lead to new and exciting ideas ahead of our 'Big Drill' campaign later this year. Identifying mineralized corridors connecting known mineralization in the camp, including Pallas Green’, Stonepark2' Carrickittle-Kilteely, Ballywire, Oola and Gortdrum - will take us a big step closer towards our vision of discovering Ireland's next Tier 7 zinc deposit."

Details on Tellus survey:

The Tellus survey covered 2,100 square kilometres of Magnetics, EM and Radiometrics data over Group Eleven's exploration ground in the highly prospective Limerick and Silvermines geological basins. The survey is expected to advance high-priority, drill targets in the region.

How does Tellus help exploration?

The Tellus survey is designed to sense' hidden geological features not apparent through surface mapping or shallow geophysical techniques. It attempts to 'see through' Ireland's often deep glacial deposits and extensive peat and soil cover. The results are expected to provide clues to the location of hidden zinc deposits.

What is Tellus?

The Tellus survey, is a nationwide geochemical and geophysical data programme undertaken by the GSI and funded by the Department of Communications, Climate Action and Environment. Its aim is to benefit the mineral, agricultural and environmental sectors in Ireland. For further information about the survey, see DCCAE's announcement dated August 9th 2018.

Why explore for zinc in Ireland?

Zinc is the fourth most consumed metal in the world after iron, aluminium and copper. Presently, global inventories of zinc total less than 6 days of global consumption - over a decade low. Ireland is one of the largest zinc producers in Europe and host to some of the world's largest zinc deposits. Modern exploration in the Irish Zinc District spans the last 70 years. Group Eleven believes new major deposits remain to be discovered via comprehensive re-evaluation of the region's geology coupled with new exploration techniques such as airborne geophysical surveys, ground-based seismic surveys, artificial intelligence and other emerging technologies.

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Posted By : Rabi Wangkhem on Thu, 23 May 2019
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