Group Eleven Reports Significantly Higher Germanium Grades at Ballywire with Better Accuracy Assay Method
Group Eleven’s new assay method doubles germanium grades without increasing tonnes, resource, or recoveries at its project.
Group Eleven Resources Corp. (ZNG) has completed a re-analysis of germanium grades from five previously drilled holes at its Ballywire project, utilizing a new sodium peroxide fusion method at ALS Labs instead of the older lithium borate fusion technique. The company re-analyzed 220 samples from these five holes, with an additional 110 samples from 15 other holes still pending.
The re-assay results indicate that germanium grades are 68% higher on average under the new method, with individual increases reaching up to 334%. The release provides updated germanium grades for previously announced base-metal intervals.
- 25-3552-31: 12.9m @ 11.0% Zn+Pb, 57 g/t Ag, 29 g/t Ge; including 3.7m @ 20.4% Zn+Pb, 151 g/t Ag, 62 g/t Ge
- 25-3552-35: 18.3m @ 16.1% Zn+Pb, 233 g/t Ag, 0.42% Cu, 15 g/t Ge; including 2.9m @ 29.3% Zn+Pb, 412 g/t Ag, 0.92% Cu, 29 g/t Ge
- 25-3552-51: 29.9m @ 15.3% Zn+Pb, 552 g/t Ag, 0.67% Cu, 16 g/t Ge; including 8.4m @ 18.2% Zn+Pb, 1776 g/t Ag, 2.21% Cu, 25 g/t Ge
- 25-3552-53: 19.8m @ 13.7% Zn+Pb, 51 g/t Ag, 27 g/t Ge; including 4.7m @ 27.6% Zn+Pb, 92 g/t Ag, 55 g/t Ge
- 26-3552-57: 3.7m @ 12.6% Zn+Pb, 43 g/t Ag, 31 g/t Ge; and 4.8m @ 17.0% Zn+Pb, 82 g/t Ag, 28 g/t Ge
The data also highlights broader zones, including 52.28m @ 10.35% Zn+Pb, 329.6 g/t Ag, 0.40% Cu, 8.9 g/t Ge in hole 25-3552-51, and 62.51m @ 5.56% Zn+Pb, 24.8 g/t Ag, 6.6 g/t Ge in hole 26-3552-57. This update does not report new drilling intercepts or new mineralized zones, serving only as a re-assay update on previously released holes.
Group Eleven Resources Corp. (ZNG) is a pre-resource explorer with a C$216 million market capitalization, no revenue, and no Ballywire resource estimate. Its equity is priced on exploration potential rather than cash flow. The stock had already rallied from roughly C$0.31 in November 2025 to a high of C$1.30 in May 2026 on the back of Ballywire’s high-grade Zn-Pb-Ag-Cu intercepts. Germanium was previously flagged as an associated metal in the February 2026 release.
The new assay method materially improves reported germanium grades but does not add new meters, new holes, new zones, new resources, or metallurgical recovery. It represents a technical upgrade to a byproduct credit. While a modest positive repricing is reasonable, a sustained 15% or greater move solely on this re-assay release is not expected. The news is genuinely better germanium grades, but it is not a discovery or resource-defining result.
Group Eleven Resources Corp. is a Canadian-listed explorer focused on zinc, lead, and silver projects in Ireland. Its primary assets include the PG West property, which encompasses the Ballywire discovery, as well as the Stonepark project and other licences in the Limerick area. Ownership of PG West is held at 100%, while Group Eleven Resources Corp. holds a 77.64% interest in Stonepark. The company’s major shareholders include Michael Gentile, who holds approximately 13.7%, and Glencore Canada Corp., with a stake of roughly 12.9%.
The Ballywire project is currently in the pre-resource stage, whereas Stonepark contains an inferred resource of 5.1 million tonnes at 11.3% zinc and lead combined, based on 2018 data. In the first quarter of 2026, the company reported no revenue and a net loss of C$1.89 million. Cash reserves stood at C$18.0 million following a C$12 million placement in March 2026. The company has no debt and relies on equity financing to fund operations. Management includes CEO Bart Jaworski and Qualified Person Professor Garth Earls.