Group Eleven Resources - High-Grade Copper and Silver Drill Hit in Ireland
In this KE Report company update, we’re joined by Bart Jaworski, CEO of Group Eleven Resources (TSX.V: ZNG - OTC: GRLVF - FRA: 3GE), a zinc, copper, and silver explorer operating in Ireland. The company has recently captured market attention with a breakthrough drill result at the Ballywire Discovery on the PG West Project, announced on May 8th.
Key highlights from the discussion include:
- High-grade discovery: 12 meters of 2.3% copper and 560 g/t silver, including 6.4 meters grading 3.72% copper and 838 g/t silver.
- The copper-silver intercept lies beneath a known zinc-lead-silver horizon, suggesting a dual-layer “layer cake” system.
- Ongoing drilling with three rigs testing both lateral extensions and deeper copper-silver targets across a six-kilometer gravity anomaly trend.
- Potential for critical mineral designation under the EU’s Critical Raw Materials Act due to antimony and germanium credits.
- A well-funded exploration program with ~$3.5 million in the treasury and potential upside from in-the-money warrants.
This discovery could significantly broaden Group Eleven’s appeal to copper and silver investors, especially with copper near $5/lb and silver breaking out. Bart also outlines how further success could unlock critical metals funding pathways in Europe and strengthen the company's long-term development strategy.
Visit Group Eleven’s website for full technical reports and the corporate presentation.
