Group Eleven Extends Previous Hit to 52.3m of 10.3% Zn+Pb, 330 g/t Ag and 0.40% Cu, Plus Drills Three New Deeper Cu-Ag Zones in 350m Step-Out, incl. 3.7m of 225 g/t Ag and 1.03% Cu
Ballywire discovery evolves into a multi-horizon system as deep copper-silver zones complement high-grade zinc-lead massive sulphides.
The most recent news release (February 25, 2026) reports significant assay results from hole 25-3552-51 at the Ballywire discovery. The headline result is an extension of a previously reported hit, now totaling 52.3m of 10.3% Zn+Pb, 330 g/t Ag, and 0.40% Cu. Crucially, the hole also intersected three new deeper Cu-Ag zones (including 3.7m of 225 g/t Ag and 1.03% Cu) in a 350m step-out. This confirms that copper-silver mineralization is not isolated but associated with fault zones that likely extend across the entire strike length of the discovery.
The impact is Material - Positive. While the market has already priced in significant discovery success (stock up from $0.14 to $0.71 in a year), these results provide two critical de-risking factors: - Tonnage Potential: Extending the high-grade Zn-Pb-Ag intercept to over 50 meters in thickness suggests a much larger volume of mineralization than typical narrow-vein deposits. - Multi-Commodity Upside: The confirmation of the "Deeper Cu-Ag Target" across a 350m step-out validates the company’s geological model that Ballywire hosts a dual-system (stratiform zinc-lead above and feeder-fault copper-silver below). This effectively "doubles" the exploration target area within the same footprint. - Operational Momentum: With four rigs active and a 20,000m program for 2026, the company is moving at a pace typical of a major discovery transition.
Group Eleven is focused on zinc-lead-silver exploration in Ireland. Its flagship is the 100%-owned PG West Project, specifically the Ballywire discovery. The project is located 20km from the Stonepark deposit and adjacent to Glencore’s Pallas Green (45.4Mt). Ballywire is characterized by high-grade "Irish-type" massive sulphides at the base of the Waulsortian Limestone.