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Group Eleven Resources ( (TSE:ZNG) ) has issued an announcement.
Group Eleven Resources Corp. has announced notable results from its latest drilling program at the Ballywire zinc-lead-silver discovery in Ireland. The drilling intersected significant mineralization, including a 15.6-meter section with 11.6% combined zinc and lead, 122 g/t silver, and 0.19% copper, indicating a promising extension of zinc-rich massive sulfide lenses. The discovery, part of the PG West Project, shows potential for further exploration, especially targeting deeper copper and silver horizons. These results could enhance the company’s position in the mining sector, with ongoing drilling expected to expand the resource base and offer new opportunities for mineralization in the region.
More about Group Eleven Resources
Group Eleven Resources Corp. operates in the mining industry, focusing primarily on the exploration and development of zinc, lead, silver, and copper deposits. The company is engaged in projects located in Ireland, with a significant emphasis on the Ballywire zinc-lead-silver discovery within the PG West Project.
YTD Price Performance: 6.67%
Average Trading Volume: 67,105
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $26.7M
Learn more about ZNG stock on TipRanks’ Stock Analysis page.
