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.
I received a PM the other day from one of the guys on the site that was curious about what I was currently holding and if having any success with my junior explorers. the answer is yes but can’t say how long. But FWIW here are some groupings of those that are doing well and those that may do well in the current markets (noting that silver seems to want to go higher no matter what JPM thinks). This will give you some more ideas to think about;
Doing Well: Northisle, Heliostar, Harvest Gold, Omai, Scorpio Gold, Emerita, Stillwater Critical, Group Eleven, Dryden, Southern Silver, Magna Mining, Cabral Gold, West Red Lake, Capitan Silver, Impact, Sitka
Holding and Waiting: District Metals, First Nordic, Guanajuato Silver, Excellon, Outcrop Silver,(Talon and Bitterroot), Canterra, Banyan, San Lorenzo Gold, Orosur, Radisson, American Pacific, Benton, Magna Terra, Halcones Precious Metals, Pampa Metals and a few stragglers.
Maybe something in there will be of interest if the Bull Market is allowed to keep going and unbacked meme coin doesn’t become the next best thing.
Those following District will note that Sweden barely passed a vote to aid in the construction of nuclear reactors. This should open the door for even greater support for uranium mining in Sweden…I would think.
Great interview. This one is worth a close look.