Welcome to our dedicated page for Group Eleven Res news (Ticker: GRLVF), a resource for investors and traders seeking the latest updates and insights on Group Eleven Res stock.
News for Group Eleven Resources Corp. (GRLVF) highlights the company’s ongoing mineral exploration activities in Ireland, with a strong emphasis on drill results and project updates. Company releases repeatedly describe Ballywire, part of the 100%-owned PG West Project, as the most significant mineral discovery in the Republic of Ireland in over a decade, featuring high grades of zinc, lead, silver, copper, germanium and locally antimony.
Investors following GRLVF news can expect detailed drill hole summaries from Ballywire, including intercept lengths, grades and geological context for both the Zn-Pb-Ag horizon in Waulsortian Limestone and the deeper Cu-Ag target below it. Updates also cover step-out drilling that extends the mineralized trend, interpretations of structural controls, and commentary from management on how new results fit into the company’s exploration model.
Beyond Ballywire, Group Eleven’s news flow includes information on the Stonepark zinc-lead deposit and the broader Carrickittle West target area, where drilling at prospects such as Kilteely and Bruff has intersected breccias, dolomitized Waulsortian Limestone and pyrite-rich zones. Corporate news items report on financing through warrant and option exercises, participation in investment conferences, results of annual general meetings, and changes in senior management, such as the appointment of a new Chief Financial Officer.
By reviewing this news stream, readers can track how Group Eleven is advancing advanced stage zinc exploration in Ireland, how drilling is progressing at Ballywire and Carrickittle West, and how corporate decisions and funding activities support its exploration programs.
Group Eleven Resources has announced significant drilling results from its Ballywire zinc-lead-silver discovery in Ireland. The highlight includes hole G11-3552-19 intersecting 8.7m of 23.9% Zn+Pb and 85 g/t Ag, representing the best hole drilled to date. The company's latest five step-out holes have expanded the zinc-rich massive sulphide zone to at least 360m along strike. The mineralization occurs near the base of the Waulsortian Limestone, with two distinct styles identified: flat-lying zinc-rich massive sulphide lenses and other variably dipping massive sulphides. A two-rig drilling program continues at Ballywire, with the zone remaining open and appearing to strengthen to the northeast.
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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