Group Eleven Drills 29.9m of 15.3% Zn+Pb, 552 g/t Ag and 0.67% Cu (from 339m), Incl. 8.4m of 18.2% Zn+Pb, 1776 g/t Ag and 2.21% Cu, Extending Massive Sulphide Zone by 80m at Ballywire
Group Eleven Hits Best Intercept Since Inception as Ballywire Footprint Expands Under Glencore’s Watch
The news release dated January 19, 2026, reports the most significant drilling results in the company’s history at its 100%-owned Ballywire discovery (PG West Project, Ireland). Hole 25-3552-51 returned 29.87m of 15.3% Zn+Pb, 552 g/t Ag, and 0.67% Cu. Notably, this included a high-grade silver zone of 8.4m at 1,776 g/t Ag (with peaks up to 4,260 g/t Ag), which the CEO describes as the "best hole to date since inception of the Company in 2015." This hole represents an 80m step-out extension of the massive sulphide zone to the Southwest. Additionally, Hole 25-468-19 discovered a new mineralized zone 295m SSE of previous high-grade intercepts, returning 32.27m of 3.0% Zn+Pb. The company currently has four rigs active at the project.
This news is materially positive and confirms that the Ballywire discovery is gaining both grade and scale. - Grade Quality: The 15.3% Zn+Pb over nearly 30 meters is world-class for Irish-type deposits. The silver grades (1,776 g/t over 8.4m) are exceptionally rare for this jurisdiction and suggest a strong copper-silver "feeder" system is increasingly prevalent. - Footprint Extension: Extending the massive sulphide zone by 80m and discovering a parallel zone 295m to the south significantly increases the potential tonnage of the project. - Execution: The company has successfully transitioned from a $0.19 financing in early 2025 to a $0.32 bought deal in mid-2025, and now delivers its best results while fully financed for a 25,000-meter program. - Investor Validation: The results justify the continued 14%+ ownership stakes held by Glencore Canada and Michael Gentile.
Group Eleven Resources Corp. is focused on advanced zinc exploration in the Republic of Ireland. Its flagship is the 100%-owned PG West Project, specifically the Ballywire discovery. Ballywire is characterized by high-grade Irish-type zinc-lead-silver mineralization. The company also holds a 77.64% interest in the Stonepark Project, which hosts a 5.1-million-tonne inferred resource and is adjacent to Glencore’s massive Pallas Green deposit.