Team Eleven Resources’ (TSXV: ZNG) claims it has actually reduced the greatest obstruct yet at its Ballywire target in southwest Ireland, with an emphasize outcome of 39.7 metres rating 5.6% zinc, 3.9% lead and 131 grams silver per tonne. Shares rose.
That result, in opening 25-3552-35, pierced from 202.1 metres deepness, consisted of 54 metres at 4.72% zinc, 3.18% lead and 99.3 grams silver; and 5.6 metres rating 8.03% zinc, 8.54% lead and 370 grams silver, the business reported Wednesday.
” Not just does this obstruct prolong strike and reveal remarkable mineralized density yet likewise shows areas of solid copper-silver worths,” Team Eleven chief executive officer Bart Jaworski stated in a launch. “This includes in expanding proof recommending a much deeper copper-silver perspective one to 2 hundred metres listed below the major Ballywire exploration perspective.”
The outcome comes nearly 2 months after the business reported it had actually pierced several of the greatest quality silver intercepts in Ireland in greater than 60 years.
Team Eleven shares obtained 18.5% to C$ 0.39 each on Wednesday early morning in Toronto, for a market capitalization of C$ 86.2 million.
Copper-silver toughness
Opening 25-3552-35 likewise reduced copper-silver enriched areas listed below the major obstruct, that included 5.5 metres rating 2.46% copper and 831 grams silver; and 3.5 metres at 0.63% copper and 224 grams silver.
The outcomes expanded the strike size of the Ballywire exploration hallway by 50 metres to 1,300 metres. The hallway is held inside a 2.6-km-long fad of mineralization.
Team Eleven is currently piercing with 3 gears at Ballywire. It’s finished greater than 4,000 metres up until now, out of this year’s target of 8,000 to 10,000 metres.
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