StrategX Discovers Extensive High-Grade Graphite at Nagvaak and Expands Mineral Claims to 79,781 Hectares on the Melville Peninsula, Nunavut, Canada

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") is pleased to announce the discovery of a wide zone of high-grade graphite mineralization at its Nagvaak property on the Melville Peninsula, Nunavut. A 32-metre drill core interval from historical drill hole NAG96-17 returned an average grade of 15% graphitic carbon (Cg), with a 17-metre section grading 22% Cg. These results reinforce the potential for a significant graphite deposit within the emerging Melville Critical Metals Belt.

Building on this success, StrategX has expanded its mineral claim property position to 79,781 hectares, securing control over a highly prospective critical minerals district. The Company is advancing exploration efforts in the region, positioning itself at the forefront of critical mineral discoveries in Canada.

Key Highlights:

Significant Graphite Discovery: Assay results from NAG96-17 confirm high-grade graphite, with 19 samples exceeding 20% Cg, including a peak grade of 34.9% Cg. Thin section analysis reveals large (>500 micron) crystalline graphite aggregates, indicating potential for high-quality flake graphite.
Polymetallic Potential: The same drill hole also returned encouraging concentrations of nickel, copper, zinc, molybdenum, vanadium pentoxide, and silver, further supporting the potential for a multi-metal mineral system (See Table 1).
Regional Scale Opportunity: The Melville Critical Metals Belt, spanning 200 km by 100 km, contains multiple geophysical anomalies, suggesting an untapped and district-scale mineral system in the same sedimentary belt.
Exploration Advancement: StrategX has established a base camp and positioned a drill rig at Nagvaak, setting the stage for its 2025 drilling campaign to further define high-grade graphite zones and explore additional targets.

High-Grade Graphite Discovery at Nagvaak

Following encouraging initial results from 20 core samples previously reported here, the Company analyzed the remaining core from NAG96-17, totaling 56 samples. The results confirmed a 32-metre interval averaging 15% Cg from 14.4 m to 47.0 m, with multiple high-grade intercepts including 23% Cg from 58.8 m to 62.8 m, reinforcing the potential for large-scale graphite mineralization.

Given that graphitic schist units have been mapped along a 6 km corridor at Nagvaak-and similar units have been documented throughout the Melville Critical Metals Belt by the Geological Survey of Canada-this discovery signals significant regional potential for additional wide zones of high-grade graphite (Figure 1).

Figure 1: StrategX's property position & regional potential - Melville Critical Metals Belt

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/243029_05765eb8d49b29c2_006full.jpg

Table 1 - NAG96-17 Assay results * Indicates newly analyzed values. All other values have been previously released.
Sample #	From	To	C Graphitic	Mo	Zn	Ag	Ni	Cu	Au + PGE	V2O5
Sample #	From	To	%	%	%	g/t	%	%	g/t	%
NC-245*	2.4	3.4	28.00	0.04	0.10	9.12	0.13	0.19	0.25	0.34
NC-246*	3.4	4.4	28.20	0.04	0.28	6.79	0.17	0.09	0.05	0.33
NC-247*	4.4	5.4	8.89	0.04	0.09	9.68	0.14	0.15	0.07	0.53
NC-248*	5.4	6.4	7.01	0.04	0.03	9.66	0.13	0.16	0.06	0.55
NC-249*	6.4	7.4	12.60	0.03	0.06	6.46	0.27	0.16	0.21	0.41
NC-249B*	7.4	8.4	2.03	0.04	0.08	14.20	0.20	0.29	0.07	0.44
NC-250*	8.4	9.4	0.10	0.01	0.14	8.28	0.26	0.15	0.10	0.32
NC-251*	9.4	10.4	0.09	0.01	0.13	4.38	0.15	0.07	0.13	0.14
NC-252*	10.4	11.4	0.02	0.00	0.02	10.60	0.21	0.19	0.10	0.21
NC-253*	11.4	12.4	0.06	0.03	0.03	5.32	0.10	0.10	0.05	0.27
NC-254*	12.4	13.4	0.05	0.02	0.02	1.90	0.03	0.02	0.02	0.18
NC-255*	13.4	14.4	0.12	0.00	0.06	2.86	0.06	0.04	0.04	0.18
NC-256*	14.4	15.4	2.51	0.03	0.05	3.62	0.08	0.06	0.03	0.29
NC-257	15.4	16.4	11.85	0.05	0.04	4.92	0.14	0.11	0.05	0.26
NC-258	16.4	17.4	10.15	0.02	0.08	5.23	0.39	0.10	0.05	0.29
NC-259	17.4	18.4	31.00	0.04	0.64	8.28	0.21	0.11	0.05	0.42
NC-260	18.4	19.4	14.95	0.03	0.61	7.97	0.29	0.14	0.19	0.47
NC-261	19.4	20.4	23.90	0.04	3.55	6.33	0.25	0.12	0.07	0.30
NC-262	20.4	21.4	25.30	0.04	0.64	7.20	0.12	0.10	0.06	0.42
NC-263	21.4	22.4	20.10	0.03	0.30	7.46	0.30	0.08	0.07	0.41
NC-264	22.4	23.4	23.60	0.04	0.87	7.30	0.19	0.08	0.07	0.35
NC-265	23.4	24.4	25.20	0.02	2.42	9.51	0.21	0.16	0.18	0.36
NC-266*	24.4	25.4	26.90	0.03	0.60	7.59	0.19	0.07	0.07	0.34
NC-267*	25.4	26.4	22.90	0.03	0.07	10.80	0.11	0.23	0.03	0.41
NC-268*	26.4	27.4	23.00	0.02	0.80	6.98	0.24	0.13	0.10	0.41
NC-269*	27.4	28.4	25.50	0.03	0.02	9.45	0.24	0.19	0.11	0.33
NC-270	28.4	29.4	na	0.04	0.08	12.90	0.24	0.31	0.11	0.38
NC-271	29.4	30.4	22.80	0.04	0.13	8.75	0.33	0.18	0.14	0.43
NC-272	31.4	32.4	18.10	0.05	0.09	6.80	0.24	0.12	0.11	0.48
NC-273	32.4	33.4	15.05	0.05	0.17	7.52	0.19	0.14	0.07	0.50
NC-274	33.4	34.4	25.30	0.04	1.11	12.10	0.24	0.23	0.14	0.44
NC-275	34.4	35.1	29.60	0.04	1.01	10.15	0.26	0.08	0.09	0.44
NO SAMPLE	35.1	36.0	na	na	na	na	na	na	na	na
NC-276	36.0	37.0	34.90	0.04	0.65	9.19	0.29	0.08	0.12	0.30
NC-277	37.0	38.0	18.25	0.04	2.02	12.65	0.31	0.22	0.16	0.44
NC-278	38.0	39.0	11.15	0.04	0.46	13.65	0.36	0.22	0.08	0.40
NC-279	39.0	40.0	10.90	0.03	3.65	14.20	0.54	0.24	0.27	0.36
NC-280	40.0	41.0	11.15	0.03	2.46	12.70	0.40	0.18	0.16	0.32
NC-281*	41.0	42.0	9.36	0.03	0.88	7.73	0.31	0.17	0.11	0.49
NC-282*	42.0	43.0	4.26	0.04	0.52	5.13	0.27	0.11	0.08	0.58
NC-283*	43.0	44.0	1.72	0.04	0.13	5.56	0.14	0.08	0.06	0.60
NC-284*	44.0	45.0	5.78	0.05	0.47	7.43	0.49	0.15	0.12	0.51
NC-285*	45.0	46.0	3.14	0.04	1.06	7.44	0.49	0.14	0.08	0.48
NC-286*	46.0	47.0	2.21	0.03	0.57	6.30	0.37	0.11	0.10	0.49
NC-287*	47.0	48.0	0.20	0.02	0.13	3.96	0.09	0.06	0.06	0.51
NC-288*	48.0	49.0	0.10	0.04	0.16	2.79	0.08	0.05	0.08	0.45
NO SAMPLE	49.0	54.8	na	na	na	Na	na	na	na	na
NC-289*	54.8	55.8	2.80	0.01	0.07	0.78	0.06	0.03	0.03	0.15
NC-290*	55.8	56.8	1.36	0.01	0.03	0.54	0.03	0.02	0.02	0.08
NC-291*	56.8	57.8	2.19	0.01	0.11	0.56	0.04	0.03	0.01	0.06
NC-292*	57.8	58.8	2.51	0.02	0.40	1.12	0.09	0.06	0.06	0.26
NC-293*	58.8	59.8	23.80	0.04	0.49	1.40	0.29	0.10	0.10	0.43
NC-294*	59.8	60.8	26.20	0.04	1.01	1.08	0.28	0.05	0.06	0.37
NC-295*	60.8	61.8	18.90	0.05	1.17	1.87	0.19	0.14	0.11	0.49
NC-296*	61.8	62.8	23.20	0.02	0.05	2.65	0.37	0.17	0.09	0.35
NC-297*	62.8	63.8	2.19	0.00	0.01	0.17	0.01	0.01	0.00	0.03
NC-298*	63.8	64.4	0.60	0.00	0.01	0.11	0.01	0.00	0.00	0.01

Regional Potential of the Melville Critical Metals Belt

Exploration on the Melville Peninsula has historically been limited to zinc exploration (1970s & 1990s) and isolated gold exploration. The Company's work is revealing a much larger, overlooked critical metals system associated with the Penrhyn Basin's geological evolution. This suggests the region holds potential for large-scale critical metals deposits, positioning StrategX as a pioneer in unlocking its value.

Next Steps

Drilling high priority targets at Nagvaak to define high-grade graphite mineralization at depth and along strike.
Comparative studies of world-class graphite deposits to assess economic potential.
Field evaluation of geophysical and geochemical anomalies across the Melville Critical Metals Belt to identify additional graphite and critical metal targets.
Follow-up exploration, including ground geophysics, detailed sampling, and mapping, to prioritize drill targets.
Additional petrographic & metallurgical studies to confirm the high quality and value of the graphite.

Graphite: A Critical Material for the Energy Transition

Graphite is a critical material in the shift toward sustainable energy solutions. It is a key component in lithium-ion batteries, which power electric vehicles (EVs) and store renewable energy from sources like solar and wind. Additionally, its high conductivity, thermal stability, and durability make it essential for fuel cells and other advanced energy technologies. As global demand for clean energy grows, graphite's role in improving energy storage, efficiency, and sustainability becomes increasingly important. Benchmark Minerals Intelligence estimates that approximately 97 new natural graphite mines need to come online by 2035. Graphite represents the largest component of the batteries, and there is no current replacement for graphite in the anode. In addition to the grade and size of deposits, graphite quality is important. Specifically, flake size, shape and purity are key determinants for value per tonne and ease of processing.

As of February 2025, the graphite market is experiencing significant shifts in supply and demand dynamics, influenced by geopolitical events, production challenges, and the accelerating transition to green energy.

Qualified Person

The geological and technical data contained in this press release were reviewed and approved by the Vice President - Exploration for the Company, Gary Wong, P.Eng., a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Analytical Methods & QA/QC

The analytical work reported herein was performed by ALS Global ("ALS"), Vancouver, Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geo analytical laboratory and is independent of the Company and the QP.

All core samples were of historically sawn half-core and no verification of the original sawing and sampling techniques, or core recovery calculations were possible. The samples taken were of pre-existing half-core and submitted to ALS Geochemistry for analysis. Samples were crushed entirely to 70% passing - 2mm, 250g split off and pulverized to better than 85% passing 75 microns. Multi-Element Ultra Trace uses a four-acid digestion performed on a 0.25g sample to quantitatively dissolve most geological materials culminating in analytical analysis performed with a combination of ICP-AES and ICP-MS (method ME-MS61). From there, either PGM-ICP23 or Au-ICP21 was used, depending on whether platinum group metals were suspected. Both methods use a 30g lead fire assay with ICP-AES finish. Graphitic C is determined by digesting a sample in 50% HCl to evolve carbonate as CO2. The residue is filtered, washed, dried, and then roasted at 425C. The roasted residue is analyzed for carbon by oxidation, induction furnace and infrared spectroscopy. No field QA/QC samples (blanks, duplicates, and standards) were inserted because appropriate QA/QC samples are still being sourced.

About StrategX

StrategX is an exploration company focused on discovering critical metals in northern Canada. With projects on the East Arm of the Great Slave Lake (Northwest Territories) and the Melville Peninsula (Nunavut), the Company is pioneering new district-scale discoveries in these underexplored regions. By integrating historical data with modern exploration techniques, StrategX provides investors with a unique opportunity to participate in the discovery of essential metals crucial to electrification, global green energy, and supply chain security.

On Behalf of the Board of Directors

Darren G. Bahrey
CEO, President & Director

For further information, please contact:

StrategX Elements Corp.
info@strategXcorp.com
Phone: 604.379.5515

For further information about the Company, please visit our website at www.strategXcorp.com

Neither the Canadian Securities Exchange nor its regulation services accept responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

All statements included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243029

News Provided by Newsfile via QuoteMedia

stgx:cc cse:stgx base metals investing Base Metals Investing

STGX:CC

StrategX Discovers High-Grade Copper at East Arm, Great Slave Lake, Northwest Territories, Canada

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") is pleased to announce the discovery of high-grade copper mineralization at its East Arm Copper Project ("East Arm"). Recent surface sampling has returned copper values ranging from 1% to 10%, underscoring significant exploration potential within a 2-km corridor of sedimentary-hosted mineralization accessible from the Great Slave Lake. Encouraged by these results, the Company has expanded its property position by staking an additional 6,425 hectares in the area.

StrategX's copper targets at East Arm are situated along a major continental-scale craton margin, hosted in Paleoproterozoic sediments, and occur on trend with the Pine Point Zinc mine, currently being developed by Osisko Metals. For further details, refer to Figures 1-4.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

StrategX Elements Corp. Announces Board Changes and Appointment of Strategic Advisors

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") is pleased to announce Marcio Fonseca has been appointed to the Board of Directors of the Company as an independent director and the new Chair of the Company's Audit Committee effective immediately.

Darren Bahrey, President and CEO, stated, "On behalf of the Company we are excited to have Mr. Fonseca join the Board. His appointment further enhances our board by adding business development, capital markets, and track records in the discovery and development of successful mining projects worldwide. We look forward to working closely with him on continuing the responsible growth of the Company with his knowledgeable guidance on delineating potential Tier 1 discoveries and the development of critical mineral deposits in northern Canada. With the addition of Marcio, our team and board have extensive experience working in all phases of exploration, project development and operations, including transactions in the capital markets."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

StrategX Elements Corp. Completes $4.5 Million Charity FT Private Placement

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company"), is pleased to announce the successful completion of its previously announced $4,500,000 charity flow-through private placement (the "Charity FT Financing"). No warrants or finder's fees were issued or paid in conjunction with this financing.

The Charity FT Financing, closed on June 24, 2024, involved the issuance of 15,000,000 common shares (the "Charity FT Shares") priced at $0.30 per share, generating gross proceeds of $4,500,000. These funds will be dedicated to funding "Canadian exploration expenses" qualifying as "flow-through critical mineral mining expenditures," pursuant to the Income Tax Act (Canada), related to StrategX's properties by December 31, 2025. The Company will renounce all Qualifying Expenditures in favour of Charity FT Shares subscribers effective December 31, 2024. All Charity FT Shares issued under the Charity FT Financing are subject to a hold period expiring October 25, 2024, in accordance with applicable securities laws in Canada and the policies of the Canadian Securities Exchange ("CSE").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

StrategX Announces Results of Annual General Meeting

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") held the annual general meeting (the "AGM") of its shareholders on June 24th, 2024. All resolutions at the AGM were unanimously (100%) approved, including:

setting the number of directors at four,
re-appointing Darren Bahrey, Ryan McEachern, Paula Caldwell St-Onge and David Haig as directors of the Company; and
re-appointing Crowe MacKay LLP, Chartered Professional Accountants, as auditor of the Company.

21,634,317 shares, being approximately 57.55 percent of the issued and outstanding shares, were represented at the AGM.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Group Eleven Intersects 7.5m of 20.1% Zn+Pb and 51 g/t Ag, incl. 2.2m of 37.5% Zn+Pb and 72 g/t Ag at Ballywire in Step-Out Drilling; Upcoming Drilling at Cu-Ag Target and 'D' Gravity Anomaly

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce assay results from four new holes (and additional assays from a previously announced hole) from the ongoing drill program at the Company's 100%-owned Ballywire zinc-lead-silver discovery ("Ballywire"), PG West Project ("PG West"), Republic of Ireland.

Highlights:

G11-3552-29 intersected (from 189.3m):
- 130.7m of 2.3% Zn+Pb (2.0% Zn and 0.3% Pb) and 13 g/t Ag, including
- 7.5m of 20.1% Zn+Pb (19.1% Zn and 1.0% Pb) and 51 g/t Ag, including
- 5.7m of 24.1% Zn+Pb (23.2% Zn and 1.0% Pb) and 60 g/t Ag, including
- 2.2m of 37.5% Zn+Pb (36.9% Zn and 0.7% Pb) and 72 g/t Ag
- Represents a 55m step-out down-dip from G11-3552-27
G11-3552-27¹ intersected (from 201.5m):
- 70.5m of 3.4% Zn+Pb (2.2% Zn and 1.2% Pb) and 41 g/t Ag, including
- 25.7m of 7.9% Zn+Pb (5.7% Zn and 2.2% Pb), 78 g/t Ag and 0.12% Cu and
- 4.2m of 2.0% Zn+Pb (0.4% Zn and 1.6% Pb), 172 g/t Ag and 0.66% Cu, including
- 0.9m of 3.6% Zn+Pb (0.9% Zn and 2.6% Pb), 511 g/t Ag and 2.01% Cu
- Located 50m down-dip from G11-3552-25 (announced 06-Feb-2025)
G11-3552-29 expands the footprint of the recently announced 360m long, flat-lying zone of zinc-rich massive sulphide lenses by at least 50m down-dip, to a total of at least 125m down-dip
Drilling continues at Ballywire with two rigs testing further down-dip of the two holes released today, plus the NE extension; assay results are expected in due course
In several weeks, drilling will also begin testing (a) a Cu-Ag target below the Zn-Pb-Ag discovery horizon; and (b) a step-out target 1.3km to the ENE of the Ballywire discovery testing in the vicinity of the prospective 'D' gravity-high anomaly, at a locality with abundant calcite similar to the calcite typically observed immediately above high-grade mineralization along the discovery trend

"We are very pleased to see the NE massive sulphide zone expanded by a ninth consecutive high-grade hole," stated Bart Jaworski, CEO. "Additional excellent Ag and Cu values also continue to point to a stratigraphically deeper Cu-Ag horizon, which we are aiming to start drill testing for the very first time over the next few weeks. We also look forward to stepping out 1.3km ENE towards a very prospective area near the 'D' gravity high anomaly. This locality hosts abundant calcite bodies, commonly seen above high-grade mineralization at Ballywire. A nearby historic hole is also mineralized. With the Cu-Ag target, continued drilling to the NE and larger step outs along our prospective 6km trend, 2025 promises to be an exciting year of exploration for Group Eleven."

Exhibit 1. Cross-Section Showing New Drilling (G11-3552-27, -29 and -31) at Ballywire Discovery

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/245941_1b4f826a447618ea_002full.jpg

Note: Partial assays from G11-3552-27 previously announced on 06-Feb-25, consisting of 24.8m of 8.1% Zn+Pb, 80 g/t Ag;

Exhibit 2. Plan Map Showing New Drilling and Interpreted Cu-Ag 'Feeder' Structure

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/245941_1b4f826a447618ea_003full.jpg

Note: Partial assays from G11-3552-27 previously announced on 06-Feb-25, consisting of 24.8m of 8.1% Zn+Pb, 80 g/t Ag;

New Step-Out Holes at Ballywire Discovery

The Ballywire prospect at the Company's 100%-owned PG West Project in Republic of Ireland, is a relatively new zinc-lead-silver discovery (first announced Sept-2022). In addition to 44 holes drilled and reported by Group Eleven to date, the most recent four holes (G11-3552-24, -26, -28, and -29) and additional assays for previously announced hole, G11-3552-27, are reported today (see Exhibits 1 to 7).

High-grade mineralization from G11-3552-27 and -29 (see Page 1 and Exhibits 1 to 4) consists predominantly of massive and semi-massive sulphide (sphalerite, galena, pyrite, chalcopyrite and suspected tennantite-tetrahedrite), as well as, disseminated and vein hosted sulphide mineralization. Mineralization occurs along and/or close to the base of the Waulsortian Limestone (see Exhibit 1).

Exhibit 3. Summary of Assays from G11-3552-24, -26, -27, -28 and -29 at Ballywire

Item	From (m)	To (m)	Int (m)	Zn (%)	Pb (%)	Zn+Pb (%)	Ag (g/t)	Cu (%)
G11-3552-27	201.45	271.94	70.49	2.22	1.20	3.41	40.8	0.09
Incl.	212.07	237.81	25.74	5.69	2.21	7.90	77.8	0.12
Incl.	219.42	235.06	15.64	8.30	3.28	11.59	122.1	0.19
Incl.	218.47	222.21	3.74	12.18	3.05	15.23	75.3	-
And	228.51	235.06	6.55	11.06	5.65	16.71	240.0	0.42
Incl.	230.36	233.90	3.54	13.26	8.01	21.27	395.1	0.73
And	267.72	271.94	4.22	0.40	1.58	1.97	171.6	0.66
Incl.	268.64	269.49	0.85	0.93	2.62	3.55	511.0	2.01
G11-3552-29	189.33	320.05	130.72	1.99	0.26	2.25	13.0	-
Incl.	224.27	229.61	5.34	4.10	0.79	4.88	12.5	-
And	259.03	266.56	7.53	19.08	1.01	20.09	51.3	-
Incl.	259.03	264.74	5.71	23.16	0.95	24.11	60.0	-
Incl.	259.03	261.25	2.22	36.86	0.68	37.54	71.7	-
And	307.91	320.05	12.14	0.23	0.04	0.27	66.2	0.12
Incl.	315.26	320.05	4.79	0.38	0.05	0.42	149.4	0.27
Incl.	318.00	320.05	2.05	0.09	0.04	0.12	301.0	0.52
G11-3552-24	186.26	199.20	12.94	0.15	0.04	0.19	2.1	-
Incl.	193.76	197.31	3.55	0.30	0.10	0.40	4.8	-
And	235.85	236.76	0.91	0.01	0.01	0.01	36.1	0.35
G11-3552-26	215.80	216.36	0.56	0.83	0.79	1.62	71.5	-
Incl.	215.80	215.97	0.17	2.52	2.25	4.77	190.0	-
G11-3552-28	157.95	174.81	16.86	0.02	0.58	0.59	3.1	-
Incl.	166.42	169.28	2.86	0.05	1.26	1.31	9.0	-
And	172.99	174.81	1.82	0.07	2.12	2.19	6.8	-
And	179.67	181.49	1.82	0.03	0.17	0.20	64.1	0.16
And	218.66	220.50	1.84	0.00	0.00	0.01	2.7	0.26

Note: True width of the intervals above as a percentage of the intersected interval is 90% (G11-3552-27), 80-90% (G11-3552-29), 90-100% (G11-3552-24), 80-90% (G11-3552-26) and 90-100% (G11-3552-28)

Holes drilled as 300m step-outs to the NE (G11-3552-24, -26 and -28; see Exhibit 2) returned zones of mineralization narrower and weaker than those at the main discovery trend (see Exhibit 3). Disseminated copper mineralization, as well as, mineralized veins and fractures, however, are strengthening towards the north, suggesting massive sulphide mineralization may be present further north (see northern-most projected mineralized trend in Exhibit 4). A second mineralized trend is also emerging to the south where the interpreted Cu-Ag rich 'feeder' fault pierced by drilled along the main discovery trend (see solid purple line in Exhibits 2 and 4) appears to correlate with mineralization intersected in G11-3552-08 (see Exhibit 2). More drilling is ongoing in the NE area to test the above targets.

Key 2025 Exploration Targets at Ballywire Discovery

Copper-Silver Target

As drilling progresses at Ballywire, it is increasingly evident that there exists an interpreted Cu-Ag 'feeder' fault parallel to and spatially associated with the main Zn-Pb-Ag discovery at Ballywire (see Exhibit 2). This 'feeder' fault hosts mineralization with up to 5.90% Cu and 1,440 g/t Ag, interpreted to have been transported by mineralizing fluids from below by vertical to steeply-dipping structures (see Exhibit 5). Today's results provide further evidence, with grades up to 2.01% Cu and 511 g/t Ag (see Exhibit 3). Meanwhile, the stratigraphy of the region suggests that approximately 100-200m below the discovery horizon (base of the Waulsortian Limestone), is the Lower Limestone Shale horizon, which hosts four well known Cu-Ag historic occurrences in the surrounding area (see Denison, Oola, Gortdrum and Tullacondra in Exhibit 8, located approx. 5km, 9km, 10km and 45km away from Ballywire, respectively).

These historic Cu-Ag occurrences can be interpreted as the eroded remnants of originally more vertically extensive mineralizing systems, likely representing the roots of stratigraphically higher Zn-Pb-Ag mineralization. At Ballywire, there is a chance the mineralizing system is much larger than at the neighbouring deposits (based on relatively large footprint to date), and if it is there, any Cu-Ag mineralization would notionally be intact below the existing Zn-Pb-Ag mineralization.

Given the compelling nature of the above exploration model, Group Eleven aims to begin drilling this deeper Cu-Ag target over the coming several weeks.

Exhibit 4. Plan Map Showing Interpreted Cu-Ag 'Feeder' and Calcite Body Targets at Ballywire

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/245941_1b4f826a447618ea_004full.jpg

Note: Calcite bodies occurring at the discovery trend are not shown here (shown in Exhibit 6 instead)

Exhibit 5. Cross-Section Showing Hypothesized Location of Cu-Ag Mineralization

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/245941_1b4f826a447618ea_005full.jpg

Calcite Body Vectors

As drilling progresses at Ballywire, it is increasingly evident that high-grade Zn-Pb-Ag mineralization at Ballywire is spatially associated with steeply dipping bodies of calcite (see Exhibit 6), interpreted to represent the 'exhaust' from the mineralization process below (i.e. dissolved limestone at the mineralized horizon is re-precipitated as calcite bodies immediately above). These calcite bodies may prove to be a strong exploration vector along the undrilled remainder of Ballywire's prospective 6km trend.

Two shallow historic holes, located 1.3km ENE from the current boundary of the Ballywire discovery, intercepted such calcite bodies (see Exhibits 4 and 7), yet were never followed up. This locality is also near the prospective 'D' gravity high anomaly and historic hole, 99-3352-05 (see Exhibit 7), which intersected mineralization of a tenor typically seen peripheral to massive sulphide zones at the discovery trend. Group Eleven aim to test this locality in the coming weeks.

Separately, two historic holes approx. 300m and 600m to the WSW, respectively, from the current boundary of the Ballywire discovery, also intercepted abundant calcite zones (see Exhibits 4 and 7) and were never followed up. Group Eleven aims to test these locations in due course.

Looking forward, six (6) drill holes (G11-3552-30 to -35; see Exhibit 2) are in progress with results expected in due course. Exhibit 2 shows drilling to date across 1.25km of the overall 2.6km long trend (see Exhibit 4) of significantly mineralized drill intercepts. This in turn is hosted within a 6km long prospective trend defined by four gravity high anomalies, only one of which (anomaly 'C') is systematically drilled to date (see Exhibit 7).

Exhibit 6. Oblique 3D View of Calcite Bodies Spatially Associated with Mineralization at Ballywire

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/245941_1b4f826a447618ea_006full.jpg

Note: Bodies shown (calcite, Zn-Pb-Ag and Cu-Ag) are not constrained by any grade cut-off and are only meant for illustrative purposes

Exhibit 7. Regional Gravity at Ballywire Showing 6km Long Prospective Trend and Calcite Bodies

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/245941_exhibit7.jpg

Notes to Exhibit 8: (a) Pallas Green MRE is owned by Glencore (see Glencore's Resources and Reserves Report dated December 31, 2023); (b) Stonepark MRE: see the 'NI 43-101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland', by Gordon, Kelly and van Lente, with an effective date of April 26, 2018, as found on SEDAR; and (c) the historic estimate at Denison was reported by Westland Exploration Limited in 'Report on Prospecting Licence 464' by Dermot Hughes dated May, 1988; the historic estimate at Gortdrum was reported in 'The Geology and Genesis of the Gortdrum Cu-Ag-Hg Orebody' by G.M. Steed dated 1986; and the historic estimate at Tullacondra was first reported by Munster Base Metals Ltd in 'Report on Mallow Property' by David Wilbur, dated December 1973; and later summarized in 'Cu-Ag Mineralization at Tullacondra, Mallow, Co. Cork' by Wilbur and Carter in 1986; the above three historic estimates have not been verified as current mineral resources; none of the key assumptions, parameters and methods used to prepare the historic estimates were reported and no resource categories were used; significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimates can be verified and upgraded to be compliant with current NI 43-101 standards; a Qualified Person has not done sufficient work to classify them as a current mineral resource and the Company is not treating the historic estimates as current mineral resources. 'Rathdowney Trend' is the south-westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.

Exhibit 8. Regional Map of Ballywire Discovery and Surrounding Cu-Ag Historic Occurrences

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/245941_figure8.jpg

Qualified Person

Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent 'Qualified Person' as defined under Canadian National Instrument 43-101.

Sampling and Analytical Procedures

All core drilled at Ballywire is NQ (47.6mm) and is cut using a rock saw. Sample intervals vary between 0.42m to 1.3m with the majority of samples in the 0.79m to 0.99m range. The half-core samples are bagged, labelled and sealed at Group Elevens core store facility in Limerick, Ireland. Selected sample bags are examined by the Qualified Person. Transport is via an accredited courier service and/or by Group Eleven staff to ALS Laboratories in Loughrea Co. Galway, Ireland. Sample preparation at the ALS facility comprises fine crushing 70%

Quality Assurance/Quality Control (QA/QC) Information

Group Eleven inserts certified reference materials ("CRMs" or "Standards") as well as blank material, to its sample stream as part of its industry-standard QA/QC programme. The QC results have been reviewed by the Qualified Person, who is satisfied that all the results are within acceptable parameters. The Qualified Person has validated the sampling and chain of custody protocols used by Group Eleven.

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) and (FSE: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in the Republic of Ireland. Group Eleven announced the Ballywire discovery in September 2022. Key intercepts to date include:

10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)
10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)
10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)
11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)
29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and
11.8m of 11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)
15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu (G11-3552-27)

Ballywire is located 20km from Company's 77.64%-owned Stonepark zinc-lead deposit², which itself is located adjacent to Glencore's Pallas Green zinc-lead deposit³. The Company's two largest shareholders are Glencore Canada Corp. (16.1% interest) and Michael Gentile (16.0%). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.webb@groupelevenresources.com | T: 604-644-9514

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company's public disclosure filings may be accessed via www.sedarplus.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Questcorp Mining Plans IP Survey at North Island Copper

Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") is pleased to announce permitting is under way for a 10 to 15 line km induced polarization (IP) survey at the Company's 1,168 hectare North Island Copper project near Port Hardy on Vancouver Island, British Columbia.

While Questcorp's North Island Copper project hosts 8 targets across the property, the main target is the historic Marisa Zone, a porphyry copper target last explored in the 1990's. Surface sampling and a preliminary 12.3-line km Induced Polarization (IP) survey identified an interesting chargeability anomaly that was followed up by a five hole, 376.43 diamond drilling program. Two of the five holes hit interesting copper values including down hole intervals of 0.078% copper over 56.39 metres in DDH92-01 and 0.041% copper over 70.71 metres in DDH92-03 in an altered quartz diorite. Copper grades were increasing with depth in DDH92-03. The Company plans to follow up these historic results.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

The White House introduces Immediate and Vigorous Measures to fast track the Domestic Mining Industry and Production

(TheNewswire)

TORONTOTheNewswire - March 2 4 2025 - Noble Mineral Exploration Inc. (" Noble " or the " Company ") (TSXV: NOB) (OTCQB: NLPXF) is pleased to report that t he White House announced immediate measures to be introduced to significantly increase the US production of lithium, nickel, copper, and rare earths, with an eye to increased production, the creation of jobs and, significantly, the reduction of US reliance on foreign nations.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

Rare Earth Investing

Table 1 - StrategX Assay Results (2024)
Northing	Easting	Silver (Ag) ppm	Copper (Cu) ppm	Copper (Cu) %
488362	6903463	24.9	>10000	1.28
488374	6903459	54.5	>10000	5.11
488415	6903479	7.0	>10000	6.05
488440	6903303	0.7	336	0.03
488395	6903282	1.9	267	0.03
488384	6903272	1.4	661	0.06
488376	6903258	2.8	1320	0.13
488432	6903261	1.1	52.5	0.01
488444	6903278	0.6	249	0.03
488483	6903343	10.0	>10000	2.65
488559	6903391	42.6	>10000	10.10
488585	6903403	33.2	>10000	2.91

StrategX Discovers Extensive High-Grade Graphite at Nagvaak and Expands Mineral Claims to 79,781 Hectares on the Melville Peninsula, Nunavut, Canada

StrategX Elements Investor Kit

GET YOUR FREE INVESTOR KIT

Overview

Company Highlights

Key Projects

Melville Peninsula, Nunavut

Melville Overview

Nagvaak Project

Project Highlights:

MEL Project

Project Highlights:

Tasijuaq Project

Project Highlights:

East Arm, Northwest Territories

East Arm Overview

Project 939

Project Highlights:

Project EA South

Project Highlights:

Management Team

Darren Bahrey - CEO & President, Founder

Paula Caldwell St-Onge - Independent Director

Ryan McEachern - Independent Director

Andrea Yuan - Chief Financial Officer

Ariel Cobangbang - IR & Marketing Communications

Adam Vary - Chief Technical

Latest News

StrategX Elements Investor Kit

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

TOP STOCKS