Group Eleven Resources Corp. is pleased to announce that recent drilling at its 60%-interest Ballinalack Zinc Project in the Republic of Ireland, has intersected a sulphide-bearing mafic dyke with anomalous platinum-group metals 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 [...]
Group Eleven Resources Corp. announces that John Barry is stepping down as 'Vice President, Exploration Strategy' and resigning as director of Group Eleven's various Irish subsidiaries with immediate effect. "As a co-founder of Group Eleven back in 2015 and subsequently Chairman of the Company before its IPO in December 2017, it has been good to work with such a talented team of highly experienced geologists and to see [...]
Group Eleven Resources Corp. is pleased to announce that data from the Geological Survey of Ireland's 'Tellus' airborne geophysical survey , covering the Company's Stonepark, PG West and Silvermines zinc projects, was publicly released on October 15, 2019. Preliminary analysis of the data by the Company has yielded some large surprises, identifying a number of previously unknown geological features which open up new areas [...]
VANCOUVER, Oct. 18, 2019 /CNW/ - Group Eleven Resources Corp. announces that it has granted incentive stock options, on October 17, 2019, to eight officers and employees of the Company to purchase up to 770,000 common shares in the capital stock of the Company. These options vest over a period of three years from the date of grant, at an exercise price of $0.08 per share. All options granted are subject to the policies of [...]
VANCOUVER, Oct. 15 2019 /CNW/ - Group Eleven Resources Corp. is pleased to announce a non-brokered private placement and Shareholder Rights Agreement with Glencore Canada Corporation which grants Glencore certain rights covering the Company's zinc projects in the Republic of Ireland. The offering consists of 8,400,000 units at a price of $0.12 per unit for gross proceeds of $1,008,000. All currency is denominated in [...]
Group Eleven Resources Corp. is pleased to report that diamond drilling has begun on the Ballinalack zinc project located in the Republic of Ireland, focussing on the prospective Navan Beds located several hundred metres below the existing Ballinalack zinc deposit . Ballinalack is a joint venture between Group Eleven and Shenzhen Zhongjin Lingnan Nonfemet Company Limited , one of the largest zinc producers in China [...]
Group Eleven Resources Corp. announces that as per the Company's news release issued on June 10, 2019, Group Eleven has now received approval from the TSX Venture Exchange and has issued 208,333 shares at a deemed price of $0.12 to Canaccord Genuity Corp for advisory fees provided in connection with the Company's offering that was announced on March 1st 2019. About Group Eleven Resources [...]
Group Eleven Resources Corp. announces the issuance of 208,333 shares at a deemed price of $0.12 to Canaccord Genuity Corp for advisory fees provided in connection with the Company's offering that was announced on March 1st 2019. About Group Eleven Resources Group Eleven Resources Corp. is a mineral exploration company focused on advanced stage zinc exploration in Ireland. The Company's large land package allows Group [...]
Group Eleven Resources Corp. is pleased to announce 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. "We are [...]
Group Eleven Resources Corp. announces that further to the Company's news release issued on May 7, 2019, the Company has now completed the first of two agreements with VRIFY Technology Inc. VRIFY's technology communicates a company's value with presentation tools that simplify information and translate tough to digest data into compelling content. The platform allows companies to showcase project data with interactive 3D [...]
Group Eleven Resources Corp. is pleased to report results from its preliminary 2,700-metre drill program at the Stonepark zinc-lead project and the adjacent PG West project, collectively the "Stonepark PG West" project, in the Limerick region of the Republic of Ireland. Stonepark is a joint venture with Arkle Resources plc . The project hosts an Inferred Mineral Resource Estimate1 and is adjacent to Glencore's Pallas [...]
Group Eleven Resources Corp. is pleased to announce the closing of the second and final tranche of its non-brokered private placement through the issuance of 533,300 units at a subscription price of $0.12 per Unit for aggregate gross proceeds of $63,996. In total, the Company issued 3,883,265 Units for aggregate gross proceeds of $465,872 in this Private Placement. Each unit will consist of one common share and one half [...]