Core Insights - Group Eleven Resources Corp. announced positive drilling results from the Ballywire discovery, revealing unexpected robust Zn-Pb-Ag mineralization south of the main discovery trend, which enhances the potential for additional mineralized zones [3][10] - The company is currently conducting an ambitious drilling campaign with four rigs operating in Ireland, aiming to unlock the full potential of the Ballywire project [3][26] Drilling Results - The latest drill hole 25-3552-47 intersected four zones of mineralization, including: - New Mineralized Zone (South) with 20.3m of 2.6% Zn+Pb, including 7.3m of 5.2% Zn+Pb and 10 g/t Ag [4][12] - Deeper Cu-Ag Zone with 11.3m of 0.26% Cu and 8 g/t Ag [4][12] - Drill hole 25-3552-45 also reported significant mineralization along a fault structure, indicating strong exploration potential further along the section [11][15] Exploration Potential - The exploration upside at Ballywire is significant, with the majority of the 6km long prospective trend yet to be drilled, suggesting a robust future for mineral discovery [3][10] - The company has completed or is near completion of thirteen new holes, indicating ongoing exploration efforts [16][17] Company Background - Group Eleven Resources Corp. is recognized for the Ballywire discovery, which is considered the most significant mineral discovery in Ireland in over a decade, with high grades of zinc, lead, silver, and copper [26][27] - The company has a strong treasury and is well-positioned to continue its exploration activities [3][10]
Group Eleven Drills New Mineralized Zone South of Main Discovery Trend at Ballywire, Returning 7.3m of 5.2% Zn+Pb, 10 g/t Ag (from 326m), Incl. 3.8m of 7.3% Zn+Pb, 14 g/t Ag
Newsfile·2025-12-02 11:00