Group Eleven Drills 6.5m of 217 g/t Ag and 0.34% Cu; and 2.6m of 19 g/t Ag, 1.07% Cu and 0.14% Sb, Confirming Deeper Cu-Ag (Sb) Mineralization at Ballywire
Executive Summary
- First hole testing the newly defined “Deeper Cu‑Ag Target” at Ballywire intersected multiple high‑grade copper‑silver intervals, confirming mineralization below the Waulsortian Limestone.
- Two additional holes (25‑3552‑38 and 25‑3552‑41) released simultaneously returned significant Zn‑Pb‑Ag and trace base‑metal mineralization, further expanding the prospectivity of the PG West project.
- The company now has three active drill rigs with a fourth expected soon, and twelve new holes are in various stages of completion, underscoring an accelerated drilling campaign.
Key Details
- Hole 25‑3552‑40 (Deeper Cu‑Ag Target) – 160 m gap fill:
- 11.4 m @ 139 g/t Ag & 0.23 % Cu (starting at 340 m).
- Within this interval:
- 6.5 m @ 217 g/t Ag & 0.34 % Cu
- 0.7 m @ 654 g/t Ag & 0.96 % Cu
- 0.7 m @ 1,165 g/t Ag & 1.89 % Cu
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Deeper zone: 2.8 m @ 26 g/t Ag & 0.39 % Cu; 1.8 m @ 34 g/t Ag & 0.53 % Cu; 0.2 m @ 148 g/t Ag & 2.59 % Cu; 17.9 m @ 10 g/t Ag & 0.37 % Cu (including sub‑intervals with Sb).
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Hole 25‑3552‑41 – Oxidized massive sulphide:
- 7.9 m @ 0.74 % Zn+Pb (0.57 % Zn, 0.17 % Pb) & 7.4 g/t Ag; includes 0.9 m @ 2.87 % Zn+Pb & 35.9 g/t Ag.
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12.0 m @ 0.13 % Zn+Pb & 3.3 g/t Ag; includes 1.1 m @ 0.55 % Zn+Pb & 18.6 g/t Ag.
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Hole 25‑3552‑38 – Trace sphalerite and galena over ~12 m near the base of the Waulsortian Limestone, indicating proximity to higher‑grade zones.
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Overall drilling program:
- Three rigs currently active; a fourth rig anticipated shortly.
- Twelve new holes completed or near completion (including fence drilling east of G11‑3552‑08 and extensions toward gravity anomalies B & D).
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Follow‑up drilling planned on the “Deeper Cu‑Ag Target” and adjacent gravity‑high anomaly D pending permit approvals.
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Geological interpretation: Mineralization consists of chalcopyrite with tennantite‑tetrahedrite, occurring as disseminated material and calcite veins within a south‑dipping fault zone that also hosts Zn‑Pb‑Ag mineralization higher up the stratigraphy.
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Qualified Person: Technical information approved by Prof. Garth Earls, P.Geo., IGS Ltd., in accordance with NI 43‑101.
Notable Quotes
“This is the first test of our hypothesized ‘Deeper Cu‑Ag Target’ and we are thrilled that it has borne fruit… our exploration potential has essentially doubled.” – Bart Jaworski, CEO
All forward‑looking statements are subject to risks and uncertainties; see full release for details.