Group Eleven Drills Nine Cu-Ag Intervals, including 23.60% Cu, 506 g/t Ag, 2.04% Sb over 0.6m in a Wider 2.8m Zone and 6.6m of 1.60% Cu, 83 g/t Ag, 0.19% Sb
Rhea-AI Summary
Group Eleven (OTCQB: GRLVF) reported new assays from drill hole 26-3552-57 at the Ballywire discovery in Ireland, targeting Deeper Cu-Ag mineralization.
Highlights include 0.6m grading 23.60% Cu, 506 g/t Ag, 2.04% Sb within 2.84m at 5.09% Cu, plus 6.56m at 1.60% Cu and 82.6 g/t Ag. Nine Cu-Ag zones were intersected, extending high‑grade fences over 430m of strike. Four rigs are active at Ballywire, supported by a recent C$12m financing funding 67,000–75,000m of drilling across Ballywire and Stonepark.
Positive
- Nine Deeper Cu-Ag mineralized zones intersected in hole 26-3552-57
- 0.6m grading 23.60% Cu, 506 g/t Ag, 2.04% Sb within 2.84m at 5.09% Cu
- 6.56m interval grading 1.60% Cu, 82.6 g/t Ag, 0.19% Sb
- High‑grade Deeper Cu-Ag drill fences now tested over 430m strike length
- Ballywire Zn-Pb-Ag zone includes 62.5m at 5.56% Zn+Pb and 24.8 g/t Ag
- C$12.0m March 2026 financing funds 67,000–75,000m of drilling
- Four rigs at Ballywire and one at Stonepark accelerating exploration
Negative
- None.
News Market Reaction – GRLVF
In the Jun 11 session, GRLVF gained 10.16%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2026) - Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce new assay results from drill hole 26-3552-57 at its Ballywire discovery ("Ballywire") at the
Highlights:
26-3552-57 - Drilled 80m SW of 25-3552-51 (which intersected 52.3m of
10.3% Zn+Pb, 330 g/t Ag and0.40% Cu; announced 25-Feb-2026):62.5m of
5.6% Zn+Pb and 25 g/t Ag (at the base of the Waulsortian Limestone; starting from 329m downhole; announced 28-May-2026), including 11.8m of13.4% Zn+Pb and 45 g/t AgToday announced new assays showing nine (9) zones of mineralization from the Deeper Cu-Ag target (starting from 400m downhole), with highlights as follows:
14.9m of 53 g/t Ag and
0.08% Cu, incl.2.8m of 143 g/t Ag,
0.31% Cu, incl.0.9m of 371 g/t Ag,
0.82% Cu and0.10% Sb; and
6.6m of 83 g/t Ag,
1.60% Cu and0.19% Sb, incl.1.0m of 279 g/t Ag,
5.62% Cu and0.78% Sb and
2.8m of 110 g/t Ag,
5.09% Cu and0.44% Sb, incl.0.6m of 506 g/t Ag,
23.60% Cu and2.04% Sb
Four rigs continue to be active at Ballywire with an additional rig active at the adjacent
77.64% -interest Stonepark Project
"Today's
"Today's results also represent the seventh drill hole and the fourth drill fence at Ballywire to intersect Deeper Cu-Ag mineralization thus far. Not including the 720m step-out announced in our last news release (28-May-2026) showing what appears to be the beginning of new zone of Deeper Cu-Ag mineralization, the three highest grading Cu-Ag drill fences drilled thus far now represent an impressive strike-length of 430m. This new evidence provides us with growing conviction that Deeper Cu-Ag mineralization may extend across the entire Ballywire Zn-Pb-Ag discovery, which is currently known to span approx. 3.2km along prospective trend of 6km. With a robust treasury and our most ambitious drill campaign to date - bolstered by our
Exhibit 1. Cross-Section A-A' Showing Today's Results from 26-3552-57 at Ballywire
Note: True thickness of mineralization as a percentage of the down-hole interval, is estimated to be 70
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/301020_7ec66efd04d34ace_002full.jpg
Exhibit 2. Plan Map of Main Ballywire Discovery Corridor, Showing New Assays
Note: Bright green label showing 430m distance denotes strike extent of drill testing for Deeper Cu-Ag mineralization
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/301020_7ec66efd04d34ace_003full.jpg
Exhibit 3. Summary of Today's New Assays from 26-3552-57 at Ballywire
| Item | From (m) | To (m) | Int (m) | Zn (%) | Pb (%) | Zn+Pb (%) | Ag (g/t) | Cu (%) | Sb (%) |
| 26-3552-57 | 400.05 | 414.90 | 14.85 | 0.22 | 1.46 | 1.67 | 53.0 | 0.08 | 0.01 |
| Incl. | 401.95 | 409.31 | 7.36 | 0.24 | 2.46 | 2.69 | 45.0 | 0.04 | 0.01 |
| And | 412.08 | 414.90 | 2.82 | 0.29 | 0.50 | 0.79 | 143.3 | 0.31 | 0.04 |
| Incl. | 412.08 | 413.01 | 0.93 | 0.41 | 0.78 | 1.19 | 371.0 | 0.82 | 0.10 |
| And | 420.48 | 424.19 | 3.71 | 0.07 | 0.45 | 0.52 | 36.6 | 0.09 | 0.01 |
| And | 461.49 | 468.05 | 6.56 | 0.13 | 0.01 | 0.14 | 82.6 | 1.60 | 0.19 |
| Incl. | 461.83 | 465.21 | 3.38 | 0.23 | - | 0.24 | 140.4 | 2.90 | 0.34 |
| Incl. | 461.83 | 462.79 | 0.96 | 0.45 | 0.01 | 0.45 | 279.0 | 5.62 | 0.78 |
| And | 476.52 | 480.21 | 3.69 | 0.01 | 0.02 | 0.03 | 14.7 | 0.16 | 0.04 |
| And | 484.02 | 488.76 | 4.74 | 0.01 | 0.02 | 0.03 | 14.3 | 0.12 | 0.02 |
| And | 492.58 | 495.42 | 2.84 | 0.33 | 0.01 | 0.34 | 110.4 | 5.09 | 0.44 |
| Incl. | 493.97 | 494.57 | 0.60 | 1.54 | 0.01 | 1.54 | 506.0 | 23.60 | 2.04 |
| And | 555.81 | 557.67 | 1.86 | 0.01 | 0.01 | 0.02 | 19.8 | 0.17 | 0.03 |
| And | 628.40 | 635.88 | 7.48 | - | 0.01 | 0.01 | 11.0 | 0.35 | - |
| Incl. | 628.40 | 630.26 | 1.86 | 0.01 | 0.01 | 0.01 | 19.0 | 0.60 | 0.01 |
| And | 638.72 | 641.41 | 2.69 | 0.01 | - | 0.01 | 10.5 | 0.30 | 0.02 |
| Incl. | 639.66 | 640.55 | 0.89 | 0.02 | - | 0.02 | 20.3 | 0.55 | 0.02 |
| Note: True thickness of Deeper Cu-Ag mineralization as a percentage of the down-hole interval, is estimated to be 70 | |||||||||
Exhibit 4. Summary of Previously Announced Assays from 26-3552-57 at Ballywire
| Item | From (m) | To (m) | Int (m) | Zn (%) | Pb (%) | Zn+Pb (%) | Ag (g/t) |
| 26-3552-57 | 329.20 | 391.71 | 62.51 | 2.85 | 2.71 | 5.56 | 24.8 |
| Incl. | 344.12 | 391.71 | 47.59 | 3.63 | 3.52 | 7.15 | 31.7 |
| Incl. | 355.30 | 367.09 | 11.79 | 3.28 | 10.09 | 13.37 | 45.0 |
| Incl. | 355.30 | 359.01 | 3.71 | 8.85 | 3.79 | 12.64 | 43.3 |
| And | 362.45 | 368.93 | 6.48 | 1.17 | 16.43 | 17.60 | 64.8 |
| Incl. | 362.45 | 367.09 | 4.64 | 1.01 | 21.34 | 22.35 | 73.6 |
| Incl. | 362.45 | 365.20 | 2.75 | 0.84 | 30.53 | 31.37 | 81.3 |
| Incl. | 363.34 | 364.30 | 0.96 | 0.91 | 43.90 | 44.81 | 100.0 |
| And | 375.20 | 391.71 | 16.51 | 5.98 | 1.91 | 7.89 | 40.3 |
| Incl. | 377.08 | 391.71 | 14.63 | 6.52 | 1.86 | 8.38 | 44.1 |
| Incl. | 377.08 | 379.83 | 2.75 | 3.66 | 4.64 | 8.30 | 44.4 |
| And | 386.96 | 391.71 | 4.75 | 14.65 | 2.37 | 17.02 | 81.9 |
| Incl. | 386.96 | 387.93 | 0.97 | 15.70 | 1.75 | 17.45 | 111.0 |
| Note: True thickness of mineralization as a percentage of the down-hole interval, is estimated to be 90 | |||||||
Ballywire Drill Update
The Ballywire prospect at the Company's
Exhibit 5. Regional Gravity Map Showing 6km Long Prospective Trend at Ballywire
Note: Of the four gravity-high anomalies above, only the 'C' anomaly has been systematically drilled to date
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/301020_7ec66efd04d34ace_004full.jpg
Mineralization reported today consists predominantly of Cu-Ag bearing zones containing chalcopyrite and suspected tennantite-tetrahedrite, with minor sphalerite, galena and pyrite. Four rigs continue to be actively drilling at Ballywire. Currently, fifteen (15) new holes are completed (and in the process of being logged, sampled and assayed) or in the process of being drilled. These are shown in Exhibits 1, 2 and 5.
Given the Company's recent C
Notes to Exhibit 6: (a) Pallas Green MRE is owned by Glencore (see Glencore's Resources and Reserves Report dated December 31, 2025); (b) Stonepark MRE: see the 'NI 43-101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland', by Gordon, Kelly and van Lente, with an effective date of April 26, 2018, as found on SEDAR+; and (c) the historic estimate at Denison was reported by Westland Exploration Limited in 'Report on Prospecting Licence 464' by Dermot Hughes dated May, 1988; the historic estimate at Gortdrum was reported in 'The Geology and Genesis of the Gortdrum Cu-Ag-Hg Orebody' by G.M. Steed dated 1986; and the historic estimate at Tullacondra was first reported by Munster Base Metals Ltd in 'Report on Mallow Property' by David Wilbur, dated December 1973; and later summarized in 'Cu-Ag Mineralization at Tullacondra, Mallow, Co. Cork' by Wilbur and Carter in 1986; the above three historic estimates have not been verified as current mineral resources; none of the key assumptions, parameters and methods used to prepare the historic estimates were reported and no resource categories were used; significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimates can be verified and upgraded to be compliant with current NI 43-101 standards; a Qualified Person has not done sufficient work to classify them as a current mineral resource and the Company is not treating the historic estimates as current mineral resources. 'Rathdowney Trend' is the south-westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.
Exhibit 6. Regional Map of Ballywire Discovery and Surrounding Prospects
To view an enhanced version of this graphic, please visit:
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Qualified Person
Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent 'Qualified Person' as defined under Canadian National Instrument 43-101.
Sampling and Analytical Procedures
All core drilled at Ballywire is NQ (47.6mm) and is cut using a rock saw. Sample intervals vary between 0.34m to 0.99m with an average (over 157 samples) of 0.92m. The half-core samples are bagged, labelled and sealed at Group Eleven's core store facility in Limerick, Ireland. Selected sample bags are examined by the Qualified Person. Transport is via an accredited courier service and/or by Group Eleven staff to ALS Laboratories in Loughrea Co. Galway, Ireland. Sample preparation at the ALS facility comprises fine crushing
Quality Assurance/Quality Control (QA/QC) Information
Group Eleven inserts certified reference materials ("CRMs" or "Standards") as well as blank material, to its sample stream as part of its industry-standard QA/QC programme. The QC results have been reviewed by the Qualified Person, who is satisfied that all the results are within acceptable parameters. The Qualified Person has validated the sampling and chain of custody protocols used by Group Eleven. Drill data (dip, azimuth and depth) for today's release will be posted on Group Eleven's website in due course.
About Group Eleven Resources
Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) is drilling the most significant mineral discovery in the Republic of Ireland in over a decade. The Company announced the Ballywire discovery in September 2022, demonstrating high grades of zinc, lead, silver, copper, germanium and locally, antimony. Key intercepts to date include:
10.8m of
10.0% Zn+Pb and 109 g/t Ag (G11-468-03)10.5m of
14.7% Zn+Pb, 399 g/t Ag and0.31% Cu (G11-468-12)29.6m of
10.6% Zn+Pb, 78 g/t Ag and0.15% Cu (G11-3552-12) and11.8m of
11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)15.6m of
11.6% Zn+Pb, 122 g/t Ag and0.19% Cu (G11-3552-27)12.0m of 560 g/t Ag,
2.30% Cu and0.17% Sb (25-3552-31), including6.4m of 838 g/t Ag,
3.72% Cu and0.27% Sb (25-3552-31)39.7m of
9.5% Zn+Pb, 131 g/t Ag and0.27% Cu (25-3552-35)25.6m of
9.2% Zn+Pb, 28 g/t Ag (25-3552-39)52.3m of
10.3% Zn+Pb, 330 g/t Ag and0.40% Cu (25-3552-51), including8.4m of
18.2% Zn+Pb, 1776 g/t Ag,2.21% Cu and0.18% Sb (25-3552-51)23.5m of
12.3% Zn+Pb and 46 g/t Ag (25-3552-53)2.8m of 110 g/t Ag,
5.09% Cu,0.44% Sb (26-3552-57)
Ballywire is located 20km from Company's
ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer
E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.lau@groupelevenresources.com | T: 604-781-4915
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
Technical and scientific information disclosed from neighbouring properties does not necessarily apply to the current project or property being disclosed. This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company's public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.
[1] Stonepark MRE is 5.1 million tonnes of
[2] Pallas Green MRE is 45.4 million tonnes of
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301020