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Group Eleven Resources Corp. (GRLVF) is a mineral exploration company focused on advanced stage zinc-lead-silver exploration in the Republic of Ireland. The company recently made the high-grade Ballywire Zn-Pb-Ag-Ge discovery, located on the Rathdowney Trend, near the Lisheen and Galmoy zinc mines. Positioned near major zinc deposits, Group Eleven is well-positioned for growth and success in the mining industry.
Group Eleven Resources has appointed Michael Gentile as a non-executive director to its board. Gentile, a prominent strategic investor in junior mining, holds significant stakes in over 20 small-cap mining companies and is the second-largest shareholder of Group Eleven with over 16% ownership. He co-founded Bastion Asset Management in 2022, which manages over $425 million in assets. The company has granted Gentile 150,000 stock options at $0.19 per share, alongside 1,785,000 options to other officers, employees, and directors. Additionally, three non-executive directors received 100,000 deferred share units each at $0.20 per unit.
Group Eleven Resources has received an additional $749,438 from warrant exercises, bringing total proceeds to $1,550,000 in 2024. These funds will support the continuation of the company's two-rig drill campaign at the Ballywire zinc-lead-silver discovery in Ireland beyond 2024. The drilling program has completed 6,589m to date, with a projected total of 7,500-8,000m for the year. The company plans to maintain or increase drilling pace at Ballywire in 2025, focusing on expanding beyond the current 2.6km drilled corridor along a 6km prospective trend.
Group Eleven Resources Corp. (TSXV: ZNG) (OTCBB: GRLVF) has announced results from a recent step-out hole at its 100%-owned Ballywire zinc-lead-silver discovery in Ireland. The hole G11-3552-18 intersected 36.6m of 6.4% Zn+Pb and 26 g/t Ag, including 11.8m of 11.6% Zn+Pb and 48 g/t Ag.
This provides evidence of an emerging zinc-rich massive sulphide zone at the base of the Waulsortian Limestone, extending at least 360m along strike. The zone is part of a 2.6km long northeasterly trend of mineralized intercepts within a 6km long prospective trend.
The company's CEO, Bart Jaworski, stated that the recent drilling aligns the project with classic Irish-type zinc deposits. The drill program continues with two rigs, and further results are expected in the coming weeks.
Group Eleven Resources Corp. (TSXV: ZNG) (OTCBB: GRLVF) (FSE: 3GE) has appointed Gatlin Smeijers to its Board of Directors. Mr. Smeijers, nominated by Glencore Canada (which owns 17.6% of the Company), replaces Ken Klassen, who has stepped down after four years of service. CEO Bart Jaworski expressed enthusiasm about the new addition, highlighting Smeijers' experience in the mining industry and his background in both law and geological engineering.
Mr. Smeijers is a corporate and regulatory lawyer with membership in the Law Society of Ontario. He joined Glencore in 2022 after practicing law for a decade at leading Canadian firms. He holds a Juris Doctor from Queen's University and a Bachelor of Applied Science in Geological Engineering from the University of Waterloo, where he currently teaches Engineering Law and Ethics.
Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) has announced results from five step-out holes at its Ballywire zinc-lead-silver discovery in Ireland. Highlights include:
- G11-3552-17 (360m step-out): 108.5m of 3.5% Zn+Pb and 25 g/t Ag, including high-grade zones
- G11-3552-16 (100m step-out): 24.7m of 3.7% Zn+Pb and 12 g/t Ag
- G11-3552-15 (360m step-out): 36.7m of 2.9% Zn+Pb and 12 g/t Ag
The results extend known high-grade mineralization by 360m along strike, from 890m to 1,250m. Robust mineralization now extends over 2.6km, along a prospective trend of over 6km. The company continues its two-rig drill program at Ballywire, with more results expected in the coming weeks.
Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) has commenced drilling at the Carrickittle West Prospect in Ireland. The program includes 4-5 holes totaling approximately 1,700m, targeting the southern margin of the Limerick Volcanic Complex. The company is also progressing well with its two-rig drill program at the Ballywire discovery, with total drilling for the year expected to range from 7,000m to 8,000m.
Key points:
- Carrickittle West drilling targets areas of brecciation, mineralization, and the Kilteely volcanic centre
- Ballywire drilling has totaled 5,880m this year, with eight holes pending assay results
- Next assay results expected to include three NE step-outs and one SW step-out
- CEO Bart Jaworski states that Ballywire is showing signs of a major zinc-lead-silver discovery
Group Eleven Resources Corp. (TSXV: ZNG) (OTCBB: GRLVF) has received $800,562 from recent warrant exercises, including a significant contribution from Michael Gentile. The company plans to expand its 2024 drill program at the Ballywire zinc-lead-silver discovery in Ireland. The current two-rig drill campaign at Ballywire will continue at full capacity until year-end, with the total drilling for the year expected to range from 7,000m to 8,000m. This expansion runs parallel to the upcoming drill program at the Company's 76.56%-interest Carrickittle West prospect. The additional funds will allow Group Eleven to significantly increase the metres drilled in 2024 at Ballywire.
Group Eleven Resources Corp. (TSXV: ZNG) (OTCBB: GRLVF) has announced significant results from its 2024 drill program at the Ballywire zinc-lead-silver discovery in Ireland. A 50m step-out hole (G11-3552-13) intersected 25.6m of 5.4% Zn+Pb, 72 g/t Ag, and 0.12% Cu, including high-grade zones of up to 11.4% Zn+Pb. This extends the high-grade footprint of the discovery, which now spans a 2.6km strike length along a 6km prospective trend. The mineralization consists of massive and semi-massive sulphides, indicating a potentially major discovery. Further drilling is in progress, with results expected in the coming weeks.
Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) held its annual general meeting on July 22, 2024, in Vancouver, with 67.037% of outstanding shares represented. All resolutions passed by majority vote, including:
1. Election of directors: Daniel MacInnis, Alessandro Bitelli, Brendan Cahill, Bart Jaworski, and Ken Klassen were elected with over 97% approval each.
2. Re-appointment of Davidson & Company as auditors with 99.970% approval.
3. Approval of the Stock Option Plan with 99.931% support.
Post-meeting, the board re-appointed key executives, including Bart Jaworski as CEO and Daniel MacInnis as Chairman.
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