Group Eleven Announces $2.2 Million in Early Warrant and Option Exercises and Provides Update on Carrickittle West 'Pallas Green Lookalike' Target

Core Viewpoint - Group Eleven Resources Corp. announced early warrant and option exercises totaling $2.2 million, enhancing its financial flexibility for ongoing drilling activities at the Carrickittle West prospect in Ireland, which is considered a promising target for mineralization [2][6]. Drilling and Exploration Update - Drilling at the Ballywire discovery continues with three rigs, having completed nine new holes, with significant results indicating the presence of brecciation, faulting, and hydrothermal fluids [4][5]. - The Carrickittle West prospect, which includes the Stonepark and PG West projects, is located near Glencore's Pallas Green deposit, with the potential to host a similar mineralizing system [4][25]. - Key attributes observed in the drilling include significant pyrite and trace sphalerite, suggesting proximity to high-grade mineralization [4][5]. Financial Position - The company has received proceeds of $2,206,752 from early warrant and option exercises since a C$2.5 million placement closed on February 28, 2025, increasing its cash position to approximately C$4.3 million as of June 13, 2025 [5][6]. - This strengthened financial position allows the company to ramp up drilling activities in 2025 and extend operations into 2026 [6]. Target Areas and Results - The most significant target emerging from recent drilling is the Kilteely Prospect, which features a large breccia body spanning at least 1.5 km [5]. - Additional target areas at Carrickittle West include the Bruff Prospect, which has shown extensive dolomitization and hydrothermal fluid flow, indicating potential for further mineralization [5][6]. - Future drilling plans include targeting the base of the Waulsortian Limestone on the hanging wall of the Kilteely Fault, with follow-up drilling warranted based on current findings [10][11].