Northwire Canada EditionMonday, August 24, 2026
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GOLD 4711.70 +0.7% SILVER 68.66 −1.3% COPPER 6.62 +0.5% OIL 85.21 −2.1% PALLADIUM 1369.50 +1.4% CGD 1.27 +7.6% CRE 0.370 +7.2% PE 0.250 +0.0% PER 0.145 +3.6% SVRS 0.540 +8.0% EML 0.225 −4.3% AVU 0.040 +0.0% LIB 0.760 +0.0% SHL 0.400 −3.6% RRI 0.400 +9.6% FFM 1.87 +0.0% TBK 0.350 −2.8% AHR 1.10 −1.8% VGD 0.140 +7.7% HART 0.240 +0.0% XGC 0.230 +0.0% GOLD 4711.70 +0.7% SILVER 68.66 −1.3% COPPER 6.62 +0.5% OIL 85.21 −2.1% PALLADIUM 1369.50 +1.4% CGD 1.27 +7.6% CRE 0.370 +7.2% PE 0.250 +0.0% PER 0.145 +3.6% SVRS 0.540 +8.0% EML 0.225 −4.3% AVU 0.040 +0.0% LIB 0.760 +0.0% SHL 0.400 −3.6% RRI 0.400 +9.6% FFM 1.87 +0.0% TBK 0.350 −2.8% AHR 1.10 −1.8% VGD 0.140 +7.7% HART 0.240 +0.0% XGC 0.230 +0.0%
Drill Results Material +

Group Eleven Drills 11.8m of 13.4% Zn+Pb (3.3% Zn and 10.1% Pb) and 45 g/t Ag in 80m Step-Out; and Confirms Deeper Cu-Ag Mineralization in 720m Step-Out

Group Eleven’s Ballywire step-out delivers bonanza-grade Zn-Pb-Ag and 720m of deep Cu-Ag extension, unlocking multikilometer scale in Ireland’s best new zinc camp

By The Northwire Desk — AI Analysis May 28, 2026 · 06:01 ZNG · 1.07 Group Eleven Resources Corp.
Executive Summary
  • The most recent announcement (2026-05-28) reports three new holes at Ballywire, with a headline intercept of 11.8 m at 13.4 % Zn+Pb (3.3 % Zn, 10.1 % Pb) and 45 g/t Ag in an 80 m step-out southwest of previous drilling.
  • Hole 26‑3552‑57 also returned a wider 62.5 m at 5.6 % Zn+Pb and 25 g/t Ag, including a high‑grade core of 4.6 m at 22.4 % Zn+Pb and 74 g/t Ag.
  • Two other holes, 25‑3552‑53 and 25‑468‑22, confirm deeper Cu‑Ag mineralization: eleven separate zones in hole 53 (e.g., 1.0 m of 100 g/t Ag and 0.67 % Cu) and four zones in hole 22, a 720 m step-out from the nearest drilling.
  • CEO Bart Jaworski calls the results “pivotal,” stating they show high‑grade massive sulphide continues further SW and open‑up potential to significantly extend the 1.5 km corridor.
  • The company highlights a C$12 M financing closed in March 2026 that allowed a fully funded drill program to increase from 20,000 m to 67,000‑75,000 m, with four rigs active and fifteen new holes completed/in progress.
Material Impact
  • Positive, but not a game‑changer. The step‑out adds high‑grade material to the known corridor and confirms the deep Cu‑Ag system across a very large step‑out, reinforcing management’s thesis of a district‑scale discovery.
  • However, the market had already priced in significant exploration success: the stock rallied from C$0.34 in late 2025 to over C$1.24 in April 2026 on the back of successive “best hole yet” releases and the C$12 M raise.
  • Today’s results are an incremental confirmation of that trend rather than a totally unexpected breakout; they maintain high grades but do not yet demonstrate a resource estimate or a new deposit.
  • The expanded drill program (up to 75,000 m) signals confidence, but the news itself does not meet the “game changer” threshold as no maiden resource, strategic investment from a top‑tier name, or takeover offer is announced.
  • Compared to prior news (e.g., Jan 2026’s 52.3 m at 10.3 % Zn+Pb and 330 g/t Ag, or the Feb 2026 record Cu‑Ag intercepts), this release is a solid follow‑on that keeps the exploration momentum going.
ZNG · Price
Company Overview
  • Group Eleven Resources is a Canadian‑listed explorer focused on zinc‑lead‑silver deposits in the Republic of Ireland.
  • Flagship project: Ballywire within the 100 %-owned PG West project, County Westmeath. Ballywire is a high‑grade Zn‑Pb‑Ag‑Cu discovery made in September 2022, situated in Ireland’s most productive zinc belt (adjacent to Glencore’s 45 Mt Pallas Green deposit).
  • Mineralization is hosted in Waulsortian Limestone and deeper fault‑related structures. The deposit has a proven strike length of at least 3.2 km within a >6 km prospective corridor defined by gravity highs.
  • The company also holds the Stonepark project (joint venture with Glencore) near Limerick, where a 2,700 m drill program recently commenced.
  • The company’s strategy is to advance Ballywire toward a maiden resource while testing multiple satellite targets.
Read the original news release →

More from Group Eleven Resources Corp.

Aug 20, 2026 · 06:01

Group Eleven’s 710m copper-silver step-out at Ballywire expands the deposit, though shallow zinc-lead grades thin.

Drill Results Jul 23, 2026 · 03:01

Group Eleven’s Stonepark step-out intersects a new zinc-lead zone 550m from the existing resource, though grades remain modest compared to Ballywire.

Drill Results Jul 07, 2026 · 06:01

Group Eleven’s Ballywire step-outs reveal expanding high-grade Zn-Pb-Ag and Cu-Ag zones, confirming the deposit is growing and already well-flagged.

Drill Results Jun 11, 2026 · 06:01

Group Eleven’s Ballywire discovery returned 23.6% copper, challenging the viability of its C$222 million market capitalization following a 39% stock slide.

Drill Results Apr 16, 2026 · 06:01

Strike Extension Validates Deep Copper-Silver Hypothesis

Drill Results Mar 12, 2026 · 04:34

Group Eleven closes $12-million bought deal offering

Financings