Silver And Lead Intersects At The Carrickittle Prospect

VANCOUVER - Group Eleven Resources Corp. has intersected 10.3 meters of 14.6% zinc, 5.0% lead (19.6% combined) and 43 g/t silver at its drilling on its 100%-owned PG West Project in the Republic of Ireland. Mineralization is shallow, open along strike and represents not only the best mineralization ever encountered at the Carrickittle prospect, but also the best mineralization Group Eleven has drilled since inception of the Company in early 2015.

Highlights: Hole G11-2840-04 intersected 10.3 meters of 14.6% zinc, 5.0% lead (19.6% combined) and 43 g/t silver (interpreted to be approximately true width, starting at 56.3 meters downhole); The above intersection contains a high-grade zone of massive sulphides containing 6.6 meters of 21.5% zinc and 7.0% lead (28.4% combined) and 59 g/t silver, starting at 60.0 meters downhole; The hole was designed to test the hypothesis that historic (1965-66) drilling at the prospect was, in hindsight, oriented in the wrong direction (all historic holes were drilled towards the south and west, or vertical); G11-2840-04 was oriented due east (090° with a dip of -45°) and designed to scissor (drill perpendicular to) historic hole P18 which intersected a number of narrow (approximately 1-meter wide) high-grade intervals over approximately 25 meters downhole; Results from G11-2840-04 demonstrate that P18 appears to have skimmed approximately parallel along the top of a zone of massive sulphide which dips moderately-steeply to the west; The above reinterpretation directly implies mineralization is open along strike to the north for at least one kilometer and to the south for a few hundred meters; & In addition to the above, three other zones of known mineralization at Carrickittle now require immediate follow-up and reinterpretation, along with a number of northwest-trending faults in the area (which appear to be parallel to the fault controlling mineralization in G11-2840-04).

Bart Jaworski, CEO, said, “The thickness of massive sulphides and associated grades reaching as high as 55.7%1 zinc and lead, was a much better result than expected. This intercept represents a breakthrough in our understanding of how mineralization is oriented at Carrickittle and offers a compelling hypothesis as to why historic drilling missed or seemingly only skimmed along areas of mineralization. Finding such high-grade mineralization at shallow depths is a very rare occurrence these days in the industry and it is highly encouraging for Group Eleven. Carrickittle is a prospect that lay largely dormant for over 54 years after it was labelled as 'sub-economic' in 1966. The prospect, however, now clearly appears under-drilled and under-conceptualized – and requires immediate follow-up.”