Group Eleven Intersects 24m of Mineralization, Including 6.3m of 7.9% Zn+Pb and 14 g/t Ag in a 270m Step-Out; Plus Cuts 7.4m of 10.1% Zn+Pb and 36 g/t Ag at Ballywire
Higher-grade mineralization now spans approximately 1.87km, up from 1.60km, while four rigs continue drilling at Ballywire.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Group Eleven Resources (GRLVF) reported Ballywire drilling results that extend the intercepted higher-grade mineralization by 270m at its Irish project. Hole 26-2654-04 intersected 24.15m grading 2.78% combined zinc and lead, including 6.27m at 7.89% and 13.8 grams of silver per tonne. Hole 26-468-26 returned 31.10m at 3.73% combined zinc and lead, including 7.37m at 10.09% and 36.5 grams of silver per tonne.
The higher-grade strike length is now approximately 1.87km, versus 1.60km previously; total intersected mineralization spans 3.2km. Hole 26-3552-61 also returned 7.74m at 28.8 grams of silver per tonne and 0.79% copper. Four rigs are drilling Ballywire under a fully funded, approximately 67,000m program, scheduled through late 2027 or early 2028. Separately, Group Eleven issued 38,393 common shares at $0.84 each to settle outstanding fees owed to a former director.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointBallywire higher-grade strike length increased 17% to approximately 1.87km, from 1.60km.
- Moderate pointStep-out hole 26-2654-04 returned 24.15m at 2.78% combined zinc-lead, including 6.27m at 7.89%.
- Moderate pointGap-filling hole 26-468-26 returned 31.10m at 3.73% combined zinc-lead, including 7.37m at 10.09%.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Ballywire's approximately 67,000m program is fully funded, with four rigs operating through late 2027 or early 2028.
- Minor pointSouthwest holes indicate a 420m high-grade zone; mineralization remains open south, west and north.
7 minor points
- Minor pointDeeper mineralization in 26-2654-04 returned 10.06m at 7.6 grams of silver per tonne and 0.14% copper.
- Minor pointHole 26-468-26 also returned 1.85m at 56.6 grams of silver per tonne and 0.12% copper.
- Minor pointHole 26-3552-61 returned 7.74m at 28.8 grams of silver per tonne and 0.79% copper.
- Minor pointNortheast-edge hole 26-3552-58 returned 4.13m at 7.1 grams of silver per tonne and 0.37% copper.
- Minor pointHole 26-3552-59 provides company-described early evidence of a potential parallel mineralized zone; nearby drilling continues.
- Minor point. Forward-looking: it has not happened yet and may not happen.Stonepark drilling has three holes completed, with another expected to finish in a few weeks.
- Minor pointOutstanding former-director fees were settled through share issuance.
Negative
- Minor pointIssuance of 38,393 common shares at $0.84 each to settle former-director fees dilutes existing holders.
- Minor pointHole 26-468-26 encountered bad ground and was abandoned at 421m.
- Minor pointStonepark hole 26-2638-07 did not return significantly elevated copper-silver mineralization in its deeper section.
News Explained
At Ballywire, hole 26-3552-59 returned 28.7m at
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - October 14, 2026) - Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce assay results from five (5) holes at its Ballywire discovery ("Ballywire") at the
Highlights:
- 26-2654-04 - 270m step-out SW of Ballywire discovery, returned:
- 24.2m of
2.8% Zn+Pb (2.4% Zn and0.4% Pb), 5 g/t Ag (starting at 434m downhole), incl.- 6.3m of
7.9% Zn+Pb (6.7% Zn and1.1% Pb), 14 g/t Ag, incl.- 2.9m of
10.9% Zn+Pb (9.1% Zn and1.7% Pb), 18 g/t Ag, incl.- 1.0m of
22.1% Zn+Pb (18.8% Zn and3.4% Pb), 27 g/t Ag and
- 1.0m of
- 2.9m of
- 6.3m of
- 10.1m of 8 g/t Ag,
0.14% Cu (starting 593m downhole), incl.- 6.3m of 11 g/t Ag,
0.20% Cu, incl.- 1.7m of 30 g/t Ag,
0.70% Cu
- 1.7m of 30 g/t Ag,
- 6.3m of 11 g/t Ag,
- 24.2m of
- 26-468-26 - Filling in a 390m gap between drill fences, returned:
- 31.1m of
3.7% Zn+Pb (2.1% Zn and1.6% Pb), 15 g/t Ag (starting at 361m downhole), incl.- 11.1m of
7.8% Zn+Pb (4.6% Zn and3.1% Pb), 32 g/t Ag, incl.- 7.4m of
10.1% Zn+Pb (5.6% Zn and4.4% Pb), 36 g/t Ag
- 7.4m of
- 11.1m of
- 31.1m of
- 26-3552-61 - Approx. 120m downdip of 26-3552-60 (7.5m of 77 g/t Ag,
1.61% Cu and0.17% Sb, announced 07-Jul-2026), returned:- 7.7m of 29 g/t Ag and
0.79% Cu (starting 645m downhole), incl.- 4.5m of 38 g/t Ag and
0.99% Cu, incl.- 1.9m of 47 g/t Ag and
1.26% Cu
- 1.9m of 47 g/t Ag and
- 4.5m of 38 g/t Ag and
- 7.7m of 29 g/t Ag and
- 26-3552-58 - NE edge of currently known discovery area, returned:
- 4.1m of 7 g/t Ag and
0.37% Cu (starting 551m downhole), incl.- 1.4m of 9 g/t Ag,
0.49% Cu
- 1.4m of 9 g/t Ag,
- 4.1m of 7 g/t Ag and
- Four rigs continue to drill at Ballywire, with a fifth rig drilling at the Company's Stonepark Project
"Today's results represent a
"Altogether, the strike length of intersected mineralization to date at Ballywire totals 3.2km, within a prospective trend spanning 6.0km, defined by four gravity high anomalies (of which only one, anomaly 'C', has been systematically drilled to date). We are poised to continue to create additional shareholder value as we progress our fully funded and ongoing, 4-rig drill program totalling approx. 67,000m, started in April 2026 and scheduled to continue until late 2027 or early 2028."
Exhibit 1. Cross-Section A-A' Showing Today's Results from 26-2654-04 at Ballywire
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/318824_fe6712fd64b18b19_002full.jpg
Note: True thickness of mineralization as a percentage of the down-hole interval, is estimated to be 90
Exhibit 2. Plan Map of Main Ballywire Discovery Corridor, Showing New Assays
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/318824_fe6712fd64b18b19_003full.jpg
Note: Yellow labels denote today's results; red question marks illustrate potential for a SW-trending parallel zone of mineralization
Exhibit 3. Cross-Section B-B' Showing Today's Results from 26-468-26 at Ballywire
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/318824_fe6712fd64b18b19_004full.jpg
Note: True thickness of mineralization as a percentage of the down-hole interval, is estimated to be 90
Exhibit 4. Cross-Section C-C' Showing Today's Results from 26-3552-61 at Ballywire
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/318824_fe6712fd64b18b19_005full.jpg
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
Mineralization reported today consists predominantly of sphalerite, galena and pyrite, with Cu-Ag bearing zones containing malachite, chalcopyrite and suspected tennantite-tetrahedrite. In addition to the above results, note that 26-3552-59 (located at the NE corner of the Ballywire discovery as per Exhibit 2), intersected 28.7m of
Four rigs continue to be actively drilling at Ballywire. Currently, sixteen (16) 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 to 3. The Company is fully funded for its ongoing drill campaign, totalling approx. 67,000m, started in April 2026 and aiming to complete at or around end of 2027.
Exhibit 5. Cross-Section D-D' Showing Today's Results from Ballywire
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/318824_fe6712fd64b18b19_006full.jpg
Note: True thickness of mineralization as a percentage of the down-hole interval, is estimated to be 80
Stonepark Drill Update
Drilling at the Stonepark project (
Exhibit 6. Summary of Today's New Assays from Ballywire
| Item | From (m) | To (m) | Int (m) | Zn (%) | Pb (%) | Zn+Pb (%) | Ag (g/t) | Cu (%) | Sb (%) |
| 26-2654-04 | 433.95 | 458.10 | 24.15 | 2.38 | 0.40 | 2.78 | 5.3 | - | - |
| Incl. | 442.46 | 449.69 | 7.23 | 6.10 | 1.06 | 7.16 | 13.2 | 0.01 | - |
| Incl. | 443.42 | 449.69 | 6.27 | 6.75 | 1.15 | 7.89 | 13.8 | 0.01 | - |
| Incl. | 443.42 | 446.27 | 2.85 | 9.14 | 1.72 | 10.87 | 17.9 | 0.01 | - |
| Incl. | 444.31 | 445.29 | 0.98 | 18.75 | 3.39 | 22.14 | 27.2 | 0.02 | - |
| And | 592.66 | 602.72 | 10.06 | 0.01 | 0.01 | 0.01 | 7.6 | 0.14 | - |
| Incl. | 593.58 | 599.90 | 6.32 | 0.01 | - | 0.01 | 10.9 | 0.20 | 0.01 |
| Incl. | 598.25 | 599.90 | 1.65 | 0.01 | - | 0.02 | 29.5 | 0.70 | 0.02 |
| Incl. | 598.25 | 599.10 | 0.85 | 0.01 | - | 0.02 | 29.6 | 1.17 | 0.03 |
| And | 690.66 | 695.12 | 4.46 | 0.01 | - | 0.02 | 7.8 | 0.24 | 0.04 |
| Incl. | 690.66 | 693.15 | 2.49 | 0.02 | - | 0.02 | 9.7 | 0.32 | 0.06 |
| Incl. | 690.66 | 691.84 | 1.18 | 0.02 | - | 0.02 | 11.8 | 0.37 | 0.06 |
| And | 725.54 | 726.04 | 0.50 | 0.01 | 0.01 | 0.02 | 9.5 | 0.21 | - |
Note: True thickness of mineralization as a percentage of the down-hole interval, is estimated to be 90
Exhibit 7. Summary of Today's New Assays from Ballywire
| Item | From (m) | To (m) | Int (m) | Zn (%) | Pb (%) | Zn+Pb (%) | Ag (g/t) | Cu (%) | Sb (%) |
| 26-468-26 | 197.31 | 197.58 | 0.27 | 9.05 | 0.02 | 9.07 | 3.4 | 0.01 | - |
| And | 360.60 | 391.70 | 31.10 | 2.11 | 1.62 | 3.73 | 15.2 | 0.04 | - |
| Incl. | 361.50 | 372.60 | 11.10 | 4.62 | 3.14 | 7.76 | 32.3 | 0.01 | - |
| Incl. | 365.23 | 372.60 | 7.37 | 5.64 | 4.45 | 10.09 | 36.5 | 0.02 | - |
| Incl. | 369.92 | 372.60 | 2.68 | 3.32 | 8.71 | 12.03 | 43.7 | 0.02 | 0.01 |
| Incl. | 371.78 | 372.60 | 0.82 | 5.45 | 11.25 | 16.70 | 48.8 | 0.04 | 0.01 |
| And | 401.46 | 403.31 | 1.85 | 0.02 | 0.02 | 0.05 | 56.6 | 0.12 | - |
| Incl. | 402.40 | 403.31 | 0.91 | 0.03 | 0.03 | 0.06 | 92.4 | 0.22 | 0.01 |
| 26-3552-58 | 292.54 | 335.50 | 42.96 | 0.14 | 0.07 | 0.22 | 1.5 | 0.01 | - |
| Incl. | 293.49 | 318.07 | 24.58 | 0.20 | 0.11 | 0.31 | 0.9 | - | - |
| Incl. | 295.54 | 299.25 | 3.71 | 0.37 | 0.16 | 0.53 | 2.0 | - | - |
| And | 550.53 | 554.66 | 4.13 | 0.02 | 0.01 | 0.03 | 7.1 | 0.37 | 0.02 |
| Incl. | 550.53 | 551.92 | 1.39 | 0.04 | 0.01 | 0.05 | 9.2 | 0.49 | 0.04 |
| 26-3552-59 | 168.93 | 197.66 | 28.73 | 0.03 | 0.06 | 0.08 | 0.3 | - | - |
| Incl. | 169.78 | 170.74 | 0.96 | 0.29 | 0.26 | 0.55 | 1.1 | - | - |
| And | 193.04 | 197.66 | 4.62 | 0.01 | 0.12 | 0.13 | 0.3 | - | - |
| And | 304.29 | 306.97 | 2.68 | - | 0.01 | 0.01 | 3.4 | 0.08 | - |
| 26-3552-61 | 355.40 | 398.77 | 43.37 | 0.08 | 0.02 | 0.10 | 0.6 | - | - |
| Incl. | 382.78 | 391.06 | 8.28 | 0.22 | 0.05 | 0.27 | 1.7 | - | - |
| Incl. | 386.44 | 391.06 | 4.62 | 0.31 | 0.03 | 0.34 | 1.9 | - | - |
| Incl. | 388.28 | 389.24 | 0.96 | 0.45 | 0.03 | 0.48 | 2.1 | - | - |
| And | 644.90 | 652.64 | 7.74 | 0.01 | - | 0.01 | 28.8 | 0.79 | - |
| Incl. | 645.85 | 650.39 | 4.54 | 0.01 | - | 0.01 | 37.8 | 0.99 | - |
| Incl. | 645.85 | 647.70 | 1.85 | 0.01 | - | 0.01 | 46.5 | 1.26 | - |
Note: True thickness of mineralization as a percentage of the down-hole interval, is noted in Exhibits 3, 4 and 5 above; '-' means less than
Exhibit 8. Regional Gravity Map Showing 6km Long Prospective Trend at Ballywire
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/318824_fe6712fd64b18b19_007full.jpg
Note: Of the four gravity-high anomalies above, only the 'C' anomaly has been systematically drilled to date
Exhibit 9. Regional Map of Ballywire Discovery and Surrounding Prospects
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/318824_fe6712fd64b18b19_008full.jpg
Notes to Exhibit 9: (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. Mineralization and resource estimates relating to nearby properties are not necessarily indicative of the mineralization on the Company's assets.
Debt Settlement
Further to the Company's news release dated September 4, 2026, the Company announces that it has issued 38,393 common shares at a price of
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 0.08m to 3.21m with an average (over 572 samples) of 1.06m. 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) and (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) and - 11.8m 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), including - 6.4m 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), including - 8.4m 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/318824
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How far did Group Eleven's latest Ballywire drilling extend higher-grade mineralization?
The latest drilling extended intercepted higher-grade mineralization by 270m, taking its strike length to approximately 1.87km from 1.60km. Total intersected mineralization at Ballywire spans 3.2km within a prospective 6.0km trend.
What were Group Eleven's main zinc-lead results at Ballywire?
Hole 26-2654-04 returned 24.15m grading 2.78% combined zinc and lead, including 6.27m at 7.89%. Hole 26-468-26 returned 31.10m at 3.73%, including 7.37m at 10.09%. Those narrower intervals contained 13.8 and 36.5 grams of silver per tonne, respectively.
What is the status of Group Eleven's Stonepark drilling program?
Stonepark has three holes completed and one expected to finish in a few weeks, with one rig drilling. Group Eleven holds a 77.64% interest. The company supports follow-up drilling near hole 26-2638-07 to expand the newly discovered sulphide zone and test hypothesized larger faults.






