ProfitQuotes.com
symbol lookup  commodity list
Bookmark This Page
Daily Dividend Report: ONB,SJM,ACC,UNM,AEP

Tue, 21 Jan 20:57:07 GMT
Tuesday's ETF Movers: GDX, MCHI

Tue, 21 Jan 20:50:14 GMT
Portfolio Channel
Free Energy Dividend Stock Report
Free Dividend Report - Top Ranked Stocks
Free Dividend Paying Gold/Metals Stocks Report
Get a quote box (like the one below) for your site!
ProfitQuotes.com Commodities Quotes
commodity quotes list
energy quotes  gold quotes
uranium stocks  
solar power stocks

wind power stocks

Industry focus:

advertising stocks,
space stocks,
aerospace stock,
aerospace sector,
list of aerospace companies,
largest chemical companies,
chemical stock,
chemical news,
best agriculture stocks,
ag stocks,
chinese agriculture stocks,
top agriculture companies,
agriculture stocks,
agricultural stocks,
agricultural stock,
stocks agriculture,
agriculture markets,
agriculture index,
agriculture industries,
agricultural investment,
agriculture investment,
agricultural industry,
farm stock,
airline stock symbols,
airline stock prices,
airline stock,
airlines stock,
clothing stock,
fashion stocks,
publicly traded fashion companies,
clothing company stocks,
apparel stock,
apparel companies,
application software stocks,
asset management stocks,
auto stocks,
auto industry stocks,
chinese auto stocks,
auto stock prices,
automotive stock,
auto parts stocks,
community bank stocks,
regional bank stocks,
canadian bank stocks,
banking stock,
national bank stocks,
commercial bank stock,
banks stock,
bank stock quote,
bank stocks,
banking industry,
alcohol stocks,
beverage stock,
global wine stocks,
wine stocks,
liquor stock,
biotech stocks list,
biotechnology investing,
public biotech companies,
top biotech stocks,
nanotechnology stock,
largest biotech companies,
biotechnology stock,
biotech investing,
investing in biotech,
best biotech companies,
bio stocks,
biotech sector,
biotechnology investment,
biopharma companies,
new biotech companies,
biotech investment,
biotechnology industries,
nanotech stocks,
biotech stocks,
biotechnology articles,
biotechnology news,
business stocks,
service stocks,
chemical companies,
chemical industries,
chemical industry,
chemical company,
chemicals company,
cigarette stock,
cigarette company stocks,
cigarette stock symbols,
tobacco company stocks,
tobacco stock,
cigar stocks,
communications stocks,
communication stock,
computer peripherals companies,
computer peripherals,
computers stocks,
computer stock,
computer web,
internet stocks,
construction stocks,
machinery stocks,
builders stocks,
building stocks,
consumer goods stocks,
consumer services stocks,
consumer services companies,
lending stocks,
mortgage banking,
lending companies,
mortgage bankers,
loan services,
mortgage services,
mortgage bank,
loan bank,
defense stocks,
defensive stock,
department store stocks,
diagnostic company,
diagnostic companies,
pharmaceuticals stocks,
drug stocks,
drug company stocks,
pharma stock,
education stocks,
college stock,
electric utility stocks,
electric company stocks,
electric utilities stocks,
utility stocks,
utilities stocks,
power equipment companies,
electrical supply companies,
electronic stocks,
entertainment stock,
movie stocks,
movies companies,
movie company,
cefs,
open ended and closed ended mutual funds,
closed ended investment,
closed ended fund,
bonds fund,
closed end,
food stock,
game stock,
gambling stocks,
casino stocks,
gaming stocks list,
gaming stocks,
gas utility companies,
gas company stocks,
construction industries,
builders contractors,
construction services,
construction industry,
grocery store stocks,
supermarket stock,
drug store stocks,
home stocks,
furniture stock,
home improvement stocks,
medical company stocks,
top medical stocks,
medical stock,
hospital stock,
medical supply stocks,
medical technology stocks,
medical device stocks,
medical equipment stocks,
copper mining,
palladium mining stocks,
mining metals,
mining,
mining news,
gold exploration,
mining share price,
lithium mines,
mining industries,
international mining companies,
mining information,
molybdenum mining companies,
nickel mining companies,
metals and mining stocks,
gold and silver mining stocks,
copper mining companies,
rare earth mining companies,
rare metals stocks,
rare earth stocks,
metals stocks,
welding stock,
nonprecious metals,
non metallic mining,
office supplies companies,
office supply companies,
oil services stocks,
oil pipeline stocks,
gas pipeline stocks,
gas pipeline companies,
pipeline companies,
natural gas pipeline companies,
oil services companies,
oil field services,
oil service stocks,
natural gas pipelines,
oilfield service companies,
oil and gas pipeline companies,
oil gas pipeline,
oil exploration stocks,
oil exploration sector,
oil exploration companies,
oil drilling stocks,
oil drilling companies,
oil production companies,
china oil companies,
brazil oil companies,
china oil stocks,
brazil oil stocks,
oil companies,
oil stocks,
oil drilling,
oil exploration,
offshore oil drilling companies,
list of oil drilling companies,
oil and gas exploration,
oil and gas drilling,
oil and gas stocks,
oil and gas drilling companies,
oil refining companies,
oil marketing companies,
oil refining stocks,
oil refining sector,
oil refinery companies,
oil refinery stocks,
major oil companies,
oil sector,
oil refinery,
oil refinery company,
oil company,
oil marketing company,
oil refining company,
oil refining industry,
major oil companies list,
oil and gas companies,
crude oil stocks,
packaging companies,
container companies,
packaging stocks,
packaging sector,
container sector,
pulp stocks,
paper stocks,
timber stocks,
pulp companies,
paper companies,
timber companies,
timber trusts,
cardboard companies,
paper sector,
timber sector,
paper companies list,
silver mining companies,
gold mining companies,
gold mining sector,
precious metal stocks,
mining companies,
exploration sector,
mining sector,
exploration stocks,
mining stocks,
silver stocks,
gold stocks,
gold mining stocks,
silver mining stocks,
silver mining company,
canadian mining companies,
gold mining,
gold mining company,
mining company,
list of mining companies,
gold stocks list,
largest gold mining companies,
silver mining,
printing companies,
printing stocks,
printing sector,
newspaper stocks,
newspaper sector,
newspaper companies,
publishing stocks,
publishing sector,
publishing companies,
digital media companies,
digital media stocks,
digital media sector,
book publishing companies,
digital media company,
publishing company,
railroad stocks,
railroad sector,
railroad companies,
railroad company,
railroad investment,
major railroad companies,
real estate companies,
real estate stock,
real estate public companies,
real estate investing,
real estate investments,
real estate sector,
commercial real estate investing,
real estate investment firms,
real estate investing guide,
REITs,
real estate investment trust,
REIT sector,
REIT stocks,
REITs sector,
REITs stock,
public REITs,
real estate investment trusts,
real estate investment trust companies,
real estate investment trusts REITs,
real estate investment companies,
real estate investment company,
real estate investment trust REIT,
rubber stocks,
plastic stocks,
rubber companies,
plastic companies,
rubber sector,
plastic sector,
plastic manufacturing companies,
rubber company,
plastic company,
semiconductor stocks,
semiconductor investments,
semi stocks,
semiconductor companies,
semiconductor sector,
shipping stocks,
dry bulk stocks,
container stocks,
dry bulk shipping,
dry bulk shipping companies,
tanker stocks,
shipping companies,
shipping sector,
specialty retail,
retail stocks,
retail investing,
retail store stocks,
consumer stocks,
consumer investment,
retail companies,
retail sector,
sports stocks,
sports investing,
sporting goods stocks,
sports investments,
sporting goods companies,
sporting goods sector,
stock message boards,
television stocks,
television investment,
radio stocks,
radio invest,
media stocks,
media invest,
media investment,
media investing,
television companies,
television sector,
radio sector,
radio companies,
media companies,
media sector,
textile stocks,
apparel stocks,
textile investment,
textile companies,
textile sector,
apparel sector,
freight investment,
transportation investment,
truck investment ,
freight stocks,
transportation stocks,
trucking stocks,
trucking companies,
trucking sector,
waste management stocks,
waste stocks,
recycling stocks,
waste investment,
waste companies,
waste sector,
water stocks,
water utilities,
water investing,
water investment,
water companies,
water sector

Home Oil & Gas Electricity Metals Treasuries Stocks My Portfolios Forex
News - Full Story
 Related Quotes
 Group Eleven Res Corp Ordinary Shares C  0.0354   0.0097  21.51%
 Group Eleven Resources  0.06   UNCH  0.0%
 Enter Symbols: 
Group Eleven Identifies Anomalous Palladium, Nickel and Cobalt at Ballinalack Zinc Project, Ireland

VANCOUVER, Jan. 14, 2020 /CNW/ - Group Eleven Resources Corp. (TSX.V: ZNG; OTC: GRLVF; FRA: 3GE) ("Group Eleven" or the "Company") is pleased to announce that recent drilling at its 60%-interest Ballinalack Zinc Project ("Ballinalack") in the Republic of Ireland, has intersected a sulphide-bearing mafic dyke with anomalous platinum-group metals ("PGMs", including platinum, palladium, rhodium) and gold, along with highly anomalous copper, nickel and cobalt. The dyke appears to laterally extend over several kilometres. Previous operators at Ballinalack did not assay for PGMs and to management's knowledge, PGM exploration in the Republic of Ireland has never been conducted. Group Eleven views the above results as a potential 'sweetener' to Ballinalack, which remains primarily a zinc-focussed project. Zinc-lead results from the recently completed Ballinalack drill program are expected over the next few weeks.

Highlights:

  • G11-1344-03 intersected 1.95 meters of 0.403 g/t 4E (platinum, palladium, rhodium and gold) and 0.24% copper, including 0.95 metres of 0.561 g/t 4E, 0.33% copper and 0.11% nickel;
  • From the above, a grab-sample isolating sulphide-rich core (over 14 cm) returned 0.872 g/t 4E, 0.56% copper and 0.25% nickel;
  • Another grab-sample of sulphide-rich core (over 5 cm) returned 1.08% nickel, 0.32% copper, 1105 ppm cobalt and 0.139 g/t 4E;
  • G11-1344-04 intersected 0.60 metres of 0.33% nickel, 0.23% copper, 474 ppm cobalt and 0.214 g/t 4E;
  • Re-sampling historic hole TC-1344-039 returned 2.30 metres of 0.216 g/t 4E, 0.19% copper, 0.18% nickel, 203 ppm cobalt, including 0.30 metres of 0.528 g/t 4E, 0.43% nickel, 0.37% copper and 494 ppm cobalt;
  • Above three holes pierce the dyke over a strike-length of over 400 metres near the Ballinalack zinc deposit1; dyke appears to extend over at least 3 km by 7 km, based on drilling and seismic data;
  • Group Eleven suspects the above intercepts may represent 'rip-up' clasts from a larger sulphide body, which may be a key exploration target in the future;

"The above results were unexpected and a bit out of left field, given our exploration efforts were fully geared towards zinc," stated Bart Jaworski, CEO. "Despite being a surprise, these anomalous PGM results certainly add to the Ballinalack story. We intend to do more work on PGMs in the future as we remain focussed on exploring for zinc and expanding the existing Ballinalack zinc deposit1."

________________________

1 Ballinalack Mineral Resource Estimate (MRE) totals 5.4 million tonnes of 7.6% zinc and 1.1% lead (see news release dated November 28, 2018)

 

Details on Mafic Dyke

Group Eleven drilled two diamond drill holes (G11-1344-03 and G11-1344-04) beneath the existing Ballinalack zinc-lead deposit. In addition to testing the Pale Beds for zinc mineralization (to be reported in the next few weeks), the holes intersected a mafic dyke with down-hole thicknesses (true widths unknown) of 29 metres and 56 metres, respectively. The latter intercept represents the thickest known dyke intercept on the property. Sulphide mineralization was observed at the base of the dyke, which in turn led Group Eleven staff to analyse for PGMs a nearby historic hole (TC-1344-039, drilled by Teck Resources Ltd. in 2010) which also exhibited similar material. Key information is summarized below:

  • Assay results from new Group Eleven drilling and new PGM assays from historic hole (TC-1344-039) are summarized in Exhibit 1;
  • The dyke appears to be laterally extensive over several kilometres; the thickest portions (greater than 10-metre down-hole thickness) of the mafic dyke appear to occur over an area of over 3.0 km by 7.0 km, based on recent and historic drilling, as well as, seismic data (see Exhibit 2);
  • The above three holes pierce the dyke over a strike-length of over 400 metres (see Exhibit 3);
  • The dyke has been intersected at shallow depths on the eastern part of the property and at deeper levels towards the west (see Exhibit 4); depths of the mafic dyke within the above three holes is approximately 650-700 metres below surface;
  • Group Eleven has not yet been able to analyse historic drill logs and drill core to determine if, and to what extent, previously intersected mafic dyke material contained sulphides (historic drilling was focussed solely on zinc exploration and descriptions of the mafic dyke may have been very cursory in nature);
  • Based on the textures of the sulphides, Group Eleven suspects the above intercepts may represent 'rip-up' clasts from a larger sulphide body, which may be a key exploration target in the future;

Exhibit 1. Highlights of New Assays from Mafic Dyke near the Ballinalack Zinc-Lead Deposit, Ireland
















Hole ID

From

To  

Interval

4E

Pd

Pt

Rh

Au

Ni

Cu

Co

Pt-Eq



(m)

(m) 

(m) 

g/t

g/t

g/t

g/t

g/t

%

%

ppm

g/t


Interval Samples













G11-1344-03

689.40

690.40

1.00

0.254

0.138

0.087

0.001

0.028

0.046

0.154

41

0.95


"

690.40

691.35

0.95

0.562

0.325

0.186

0.001

0.050

0.113

0.328

66

2.10


"

689.40

691.35

1.95

0.404

0.229

0.135

0.001

0.039

0.078

0.239

53

1.51
















G11-1344-04

655.60

656.20

0.60

0.214

0.116

0.044

0.045

0.009

0.331

0.226

474

3.00
















TC-1344-039

624.80

625.10

0.30

0.528

0.315

0.141

0.034

0.038

0.428

0.366

494

4.20


"

625.10

625.50

0.40

0.349

0.196

0.108

0.015

0.030

0.489

0.406

546

4.25


"

625.50

626.70

1.20

0.078

0.040

0.029

0.001

0.008

0.019

0.038

39

0.33


"

626.70

627.10

0.40

0.267

0.161

0.078

0.002

0.026

0.171

0.274

136

1.90


"

624.80

627.10

2.30

0.216

0.124

0.066

0.008

0.019

0.181

0.186

203

1.79
















Grab Samples













G11-1344-03

688.95

689.00

0.05

0.139

0.113

0.022

n/a

0.005

1.075

0.321

1105

7.05


"

689.00

689.10

0.10

0.064

0.046

0.014

n/a

0.004

0.312

0.104

301

2.08


"

689.87

690.02

0.15

0.252

0.141

0.081

0.002

0.028

0.043

0.146

43

0.93


"

690.55

690.67

0.12

0.160

0.091

0.048

0.001

0.021

0.039

0.087

34

0.64


"

690.67

690.81

0.14

0.876

0.544

0.264

0.004

0.064

0.247

0.560

125

3.76















Notes: Rh assays from G11-1344-03 (italicized) were assumed to be half the detection limit; true width is unknown at this time; Platinum-equivalent ("Pt-Eq") grade compiles the above metal grades into a single number and is calculated from metal prices (US$) as follows: $1650/oz Pd, $900/oz Pt, $4500/oz Rh, $1400/oz Au, $6.00/lb Ni, $2.60/lb Cu and $15.00/lb Co.

 

Exhibit 2. Plan Map Showing New Drilling and Extent of Thickest (>10 metres) Portion of Mafic Dyke (CNW Group/Group Eleven Resources Corp.)

Exhibit 3. Drill Hole Plan Map Showing Three Key Holes Intersecting Mafic Dyke Over 400m Strike Length (CNW Group/Group Eleven Resources Corp.)

Exhibit 4. Cross-Section Showing Interpretation of Mafic Dyke (from Seismic Data and Historic Drilling) (CNW Group/Group Eleven Resources Corp.)

Update on Zinc Exploration Drilling

All drilling at Ballinalack as part of the current exploration phase announced on August 6th, 2019 has now been completed. Zinc-focussed assays and interpretation are nearing completion. Group Eleven aims to provide a full update on these results over the next few weeks.

About the Ballinalack Project

The Ballinalack project is a joint venture between Group Eleven (60% interest) and Shenzhen Zhongjin Lingnan Nonfemet Company Limited (40% interest), one of the largest zinc producers in China, and is located in Counties Westmeath and Longford, north-east Ireland. The property contains what is believed by the Company to be the third largest undeveloped zinc-lead occurrence in Ireland and is located approximately 50 kilometres west from the currently producing Navan Zinc-Lead Mine (Boliden AB).

Qualified Person

Technical information in this news release has been approved by David Furlong, P.Geo., Chief Operating Officer, and 'Qualified Person' as defined under Canadian National Instrument 43-101.

About Group Eleven Resources

Group Eleven Resources Corp. (TSX.V: ZNG; OTC: GRLVF and FRA: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in Ireland. The Company's large land package allows Group Eleven to leverage new geological approach and geophysical technology to systematically rethink key aspects of the Irish zinc district. The Company's two key projects in Ireland include: a 60% interest in the Ballinalack project (joint ventured with Nonfemet - one of the largest zinc producers in China), located in north-east Ireland, hosting potential Navan Bed mineralization in the Pale Beds; and a 76.56% interest in the Stonepark project (joint ventured with Arkle Resources plc), located near Limerick, next to one of the world's largest undeveloped zinc deposits: Pallas Green deposit. The Company's team includes accomplished mining professionals with direct experience in finding mines, building companies and exploring Irish zinc deposits.

Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

Group Eleven Resources Corp. (CNW Group/Group Eleven Resources Corp.)

SOURCE Group Eleven Resources Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2020/14/c2974.html

<  back


TickerTech.com Private-label branded pages powered by TickerTech.com. Copyright © 2020 Ticker Technologies, All Rights Reserved. Quote data is at least 20 minutes delayed. NYMEX/COMEX data is at least 30 minutes delayed. Please read other important disclaimer information.
"Business without profit is not business any more than a pickle is candy." - Charles F. Abbott
Google
 

© Ticker Technologies, all rights reserved. Profitquotes.com is wholly owned by Ticker Technologies and serves to demonstrate the company's products to prospective clients. All quotes are in US Eastern Time (EST) and delayed at least 15 minutes. NYMEX/COMEX data delayed at least 30 minutes. Data is presented for informational purposes only and not intended for investment purposes. Nothing on this site should be considered advice, opinions, recommendations, or endorsements from ProfitQuotes.com or Ticker Technologies, Inc. Full Disclaimer.