Group Eleven Resources (TSXV:ZNG) - Ballywire Strike Extends 17%

Interview with Bart Jaworski, CEO of Group Eleven Resources

Our previous interview: https://www.cruxinvestor.com/posts/group-eleven-resources-tsxvzng-ballywire-germanium-grades-jump-on-new-assays-11918

Recording date: 13th October 2026

Group Eleven Resources has added 270 metres to the 1,600-metre high-grade strike at its Ballywire discovery in Ireland, a 17% increase. The step-out hole, the first on a new drill fence, returned nearly 6.5 metres of 7.9% zinc-lead and 14 g/t silver. That included close to 3 metres of 11% zinc-lead and a 1-metre core grading 22% with nearly an ounce of silver. Copper-silver mineralisation also appeared beneath the zinc horizon. Ballywire sits about 20 kilometres from Glencore’s Pallas Green deposit.

About 420 metres away, a second step-out into undrilled ground intersected 30 metres of nearly 4% zinc-lead. That interval included 7 metres of 10% zinc-lead with more than an ounce of silver. The drill rods became stuck at 421 metres, so the hole only touched the start of the underlying copper-silver zone. Elsewhere, hole 61 extended copper-silver mineralisation 120 metres down dip, with 7.7 metres of about an ounce of silver and 0.8% copper.

Taken together, CEO Bart Jaworski says the results significantly de-risk the southwest trend the company first identified in March.

The broader thesis rests on scale. So far, the discovery covers only one of four gravity anomalies along a 6-kilometre trend. Possible northern and southern parallel trends add further upside, as does copper consistently showing up beneath the zinc. Jaworski describes the deposit as a hybrid of classic Irish zinc and the copper-silver style of the past-producing Gortdrum mine. He argues this setup reduces metallurgical risk, because the metal zones are naturally separated and there are no oxides.

Funding is in place. A C$12 million bought deal in April underwrites a fully funded 70,000-metre, four-rig programme over two years, with about 51,000 metres at Ballywire. Sixteen holes are currently in progress. Management expects to decide on timing for a maiden resource estimate within 12 to 18 months. Metallurgical work and germanium economics are additional catalysts still ahead.

—

Learn more: https://cruxinvestor.com

Sign up for Crux Investor: https://cruxinvestor.com/subscribe