• Group Eleven Resources hopeful of a second major discovery at Carrickittle West prospect in Ireland

  • Jul 4 2024
  • Duración: 5 m
  • Podcast

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Group Eleven Resources hopeful of a second major discovery at Carrickittle West prospect in Ireland

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  • Group Eleven Resources Corp CEO Bart Jaworski joined Proactive's Stephen Gunnion with news that the company hopes for a second major zinc discovery at its Carrickittle West prospect in the Republic of Ireland. Jaworski said initial drilling at Carrickittle West indicated substantial intervals of sulphide mineralization, with evidence of a major fault which may be crucial for mineralization. The company plans a 1,700m drill program, aiming to complete it by year-end, He also highlighted the company's first significant zinc-lead discovery in Ireland, Ballywire, with 29 drilled holes showing mineralization over a 2.6 km strike length, within a 6 km prospective trend. The most notable result was 30m of 11% zinc and 80g/t silver. Glencore is the largest shareholder, with Michael Gentile also holding a significant stake. Jaworski elaborated on the bullish outlook for zinc, driven by global supply constraints and reduced treatment charges, indicating a tight concentrate market. Upcoming news includes drill results from Ballywire and Carrickittle West, suggesting a busy second half of the year for Group Eleven Resources. #GroupElevenResources, #ZincDiscovery, #LeadDiscovery, #Mineralization, #Ballywire, #Carrickittle West, #MiningUpdates, #Ireland, #Glencore, #MichaelGentile, #DrillingProgram, #ZincMarket, #BullishOutlook, #SupplyConstraints, #MiningExploration, #ResourceInvestment, #MetalMining, #ExplorationUpdates, #MiningNews, #ResourceDevelopment #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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