SMM10, March 17: Glencore (Glencore) recently invested C $1 million in Group Eleven Resources's Stonepark zinc mine, giving Glencore an 11.58 per cent stake.
The resource reserves of the project reach 5.1 million tons, of which the zinc grade is 8.7% and the lead grade is 2.6%. The project is adjacent to Glencore's Pallas Green lead and zinc project, which has reserves of 45.1 million tons, with a zinc grade of 7 per cent and a lead grade of 1 per cent.
Ireland is one of the largest zinc producers in Europe and is rich in zinc deposits.
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