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 23.5m of 12.3% Zn+Pb and 46 g/t Ag, Further Confirms Deeper Cu-Ag Mineralization and Extends Mineralized Strike by 600m to 3.2km

Strike Extension Validates Deep Copper-Silver Hypothesis

By The Northwire Desk — AI Analysis Apr 16, 2026 · 06:01 ZNG · 1.11 Group Eleven Resources Corp.
Executive Summary
  • Group Eleven Resources announced significant assay results from hole 25-3552-53 at the Ballywire discovery (PG West Project, Ireland).
  • The company reported 29.9m of 15.3% Zn+Pb and 552 g/t Ag, including high-grade sub-intervals such as 4.7m of 27.6% Zn+Pb.
  • Crucially, the news confirms deeper Cu-Ag mineralization with intercepts like 7.5m of 0.79% Cu and 22 g/t Ag from depth (582m).
  • The strike length of the Ballywire discovery has been extended by approximately 600m to a total of 3.2km.
  • Following a C$12M financing closed in March 2026, the funded drill program was expanded from 20,000m to between 67,000m and 75,000m.
  • Four rigs are currently active at Ballywire, with an additional rig mobilizing for the Stonepark Project (2,700m program).
Material Impact
  • The extension of the strike length to 3.2km represents a material increase in the known mineralized footprint compared to previous announcements (previously ~2.6km).
  • Confirmation of the "Deeper Cu-Ag target" validates management's geological hypothesis, effectively doubling the exploration upside potential by adding a new horizon below the main Zn-Pb-Ag zone.
  • The news follows immediately after the C$12M financing, demonstrating that capital is being deployed efficiently to generate high-grade results rather than sitting idle.
  • While the stock price had already rallied significantly in anticipation of drilling (from $0.30s to over $1.00), this specific confirmation of the deeper zone and significant strike extension provides fundamental support for current valuations.
  • The dilution from multiple financings ($0.32/share in July 2025 to $0.90/share in March 2026) is a negative factor, but the asset quality improvement offsets this partially.
ZNG · Price
Company Overview
  • Company: Group Eleven Resources Corp. is a Canadian exploration company focused on zinc, lead, silver, and copper deposits in Ireland.
  • Flagship Project: Ballywire Discovery (PG West Project), located in County Westmeath, Ireland.
  • Project Status: Exploration stage with high-grade intercepts; no production or reserves defined yet.
  • Geology: Hosted in Waulsortian Limestone with significant Zn-Pb-Ag mineralization and a newly confirmed deeper Cu-Ag horizon associated with fault structures.
  • Infrastructure: Located near existing infrastructure (roads, rail, power) in a metal-endowed camp outside Navan.
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 May 28, 2026 · 06:01

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

Drill Results Mar 12, 2026 · 04:34

Group Eleven closes $12-million bought deal offering

Financings