Canadian mining company Group Eleven Resources has added “advanced” copper and silver prospects to its Limerick pipeline.
Group Eleven said in a statement that it was adding the Denison and Tullacondra copper-silver prospects to its project pipeline in its flagship Stonepark / PG West zinc-lead project area in Ireland.
The move would bolster its position in the Limerick basin by adding advanced copper-silver prospects, closely linked geologically with zinc mineralisation in the region, it said. By exploring the systems in tandem, Group Eleven said it was aiming to further increase the chances of large-scale exploration success.
“Group Eleven remains steadfastly focussed on exploring for zinc; however, copper-silver systems are believed to represent the roots of the zinc-lead systems in the Limerick region,” said CEO Bart Jaworski. “Exploring these complementary systems in tandem should pay dividends. We have been eyeing the Tullacondra prospect for quite some time and we’re delighted to have this and Denison in our project pipeline. Together with our Gortdrum project, these prospects represent all three of the known and sizeable copper-silver systems of their kind in Ireland.”
The news comes after the company, which is entirely focused on the Irish resource sector, said in an update two weeks ago that it had completed groundwork necessary for a much more focussed exploration strategy and that drilling was expected to commence this month.
“Our goal continues to be a world-class zinc discovery,” said Jaworski. “The Limerick basin has all the hallmarks of the next Navan-scale zinc system in Ireland. We’ve narrowed our first immediate target area to a two-by-five-kilometre swath of prime ground in the Kilteely area, representing the geological mirror image of the Pallas Green system on the opposite side of the volcanic complex. By surrendering non-core licenses, we’ll be better able to focus on our 1,200-sq km ground position in the Limerick basin, with a view to conducting larger, more sustained drilling campaigns in the future.”