Group Eleven Resources Corp. reports mineral exploration developments from the Ballywire discovery at its 100%-owned PG West Project in the Republic of Ireland. Company news centers on drill assay results, step-out drilling, Waulsortian Limestone-hosted zinc-lead-silver mineralization, and deeper copper-silver targets, with releases often describing mineralized intervals, strike extensions, and follow-up exploration work.
The company is also associated with the Stonepark zinc-lead project and publishes corporate updates on equity compensation, deferred share units, investor conference participation, and other public-company matters tied to its mineral exploration portfolio.
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.
Summary not available.