Group Eleven Intersects 12.0m of 2.30% Cu and 560 g/t Ag, including 6.4m of 3.72% Cu and 838 g/t Ag, Demonstrating High-Grade Copper and Silver Potential at Ballywire
Group Eleven Intersects 12.0m of 2.30% Cu and 560 g/t Ag,
including 6.4m of 3.72% Cu and 838 g/t Ag,
Demonstrating High-Grade Copper and Silver Potential at Ballywire
Vancouver, Canada, May 08, 2025 - Group Eleven Resources Corp. (TSX-V: ZNG; OTCBB: GRLVF; FRA:
3GE) (“Group Eleven” or the “ Company”) is pleased to announce assay results from four new holes
from the ongoing drill program at the Company’s 100% -owned Ballywire zinc -lead-silver discovery
(“Ballywire”), PG West Project (“PG West”), Republic of Ireland.
Highlights:
• 25-3552-31, a 65m step-out hole, intersected two strongly mineralized horizons:
o Cu-Ag horizon (starting at 348.7m downhole)
o 19.9m of 1.46% Cu and 356 g/t Ag, including
o 12.0m of 2.30% Cu and 560 g/t Ag, including
o 6.4m of 3.72% Cu and 838 g/t Ag
o Zn-Pb-Ag horizon (starting at 297.0m downhole)
o 47.1m of 4.5% Zn+Pb (3.1% Zn and 1.4% Pb) and 22 g/t Ag, including
o 25.9m of 7.4% Zn+Pb (5.1% Zn and 2.3% Pb) and 35 g/t Ag, including
o 12.9m of 11.0% Zn+Pb (7.7% Zn and 3.2% Pb) and 57 g/t Ag, including
o 3.7m of 20.4% Zn+Pb (15.8% Zn and 4.6% Pb) and 151 g/t Ag
• Up to 10.45% Cu (over 0.80m) and up to 1,880 g/t Ag (over 0.86m) intersected in the Cu -Ag
horizon; to the Company’s knowledge, this represents the highest-grade Ag intercept in Ireland
over the last >60 years (by any operator) and similarly, one of the highest-grade Cu intercepts
• Cu-Ag horizon consists of replacement-style mineralization along the base of the Waulsortian
Limestone in proximity to a fault structure; mineralization appears to consist mostly of tennantite-
tetrahedrite (detailed mineralogy work to be undertaken in due course)
• Noteworthy is the presence of elevated antimony in the Cu-Ag zone, grading 0.27% Sb within the
above 6.4m interval (including 0.80m of 10.45% Cu, 1215 g/t Ag and 0.83% Sb)
• This hole expands the footprint of the 2.6km long discovery trend by at least 65m down-dip, to a
total of at least 170m down-dip along this section (and remains open further down-dip)
• Drilling continues at Ballywire with two rigs testing (i) the NE extension and (ii) 1.3km ENE of the
Ballywire discovery in the vicinity of the prospective ‘D’ gravity-high anomaly; a third rig was
added this week, testing the deeper Cu-Ag target (below the Waulsortian Limestone)
“Intersecting spectacular copper-silver grades over significant thicknesses is a pivotal moment for the
Ballywire discovery ,” stated Bart Jaworski, CEO. “ These results not only strongly point to a
stratigraphically deeper Cu-Ag horizon but also represent a proof of concept that substantial grades
and thicknesses of copper and silver exist at the discovery, in addition to excellent grades of Zn-Pb.
The growing presence of critical minerals at Ballywire, namely, copper, germanium and now
potentially antimony, highlights the rising strategic importance of this discovery for Ireland , the EU
and our shareholders. With today’s Cu -Ag milestone , continued drilling to the NE and along our
prospective 6km trend , plus the start of drilling with our third rig , we are poised to further grow
shareholder value as the year progresses.”
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Exhibit 1. Cross-Section Showing New Drilling (25-3552-31) at Ballywire Discovery
Note: True width of mineralized intervals in 25-3552-31, as a percent of down-hole interval, is estimated to be 50-70%
Exhibit 2. Plan Map Showing New Drilling and Intersected High-Grade Cu-Ag Mineralization
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New Step-Out Holes at Ballywire Discovery
The Ballywire prospect at the Company’s 100% -owned PG West Project in Republic of Ireland,
represents the most significant mineral discovery in Ireland in over a decade. First announced in Sept-
2022, the discovery has 52 holes drilled and reported by Group Eleven to date, including the most
recent four holes (25-3552-30, -31, -32, and -33) reported today (see Exhibits 1 to 7).
High-grade Zn-Pb mineralization from 25-3552-31 (see Page 1 and Exhibits 1 to 4) consists
predominantly of sphalerite, galena and pyrite. High-grade Cu-Ag mineralization in this hole consists
of suspected tennantite/tetrahedrite, chalcopyrite, sphalerite, galena and pyrite along and/or close to
the base of the Wau lsortian Limestone (see Exhibit 1). Noteworthy is the presence of elevated
antimony within the Cu-Ag zone. For example, the 6.39m interval below , grading 3.72% Cu and 838
g/t Ag, also grades 0.27% Sb (including 0.80m of 10.45% Cu, 1215 g/t Ag and 0.83% Sb).
Exhibit 3. Summary of Assays from 25-3552-31 at Ballywire
Item From
(m)
To
(m)
Int
(m)
Zn
(%)
Pb
(%)
Zn+Pb
(%)
Ag
(g/t)
Cu
(%)
25-3552-31 155.00 155.84 0.84 8.41 1.70 10.11 93.8 -
And 188.89 192.61 3.72 2.34 0.22 2.56 11.9 -
Incl. 190.82 191.75 0.93 4.77 0.45 5.22 25.2 -
And 296.95 344.07 47.12 3.13 1.37 4.50 21.6 -
Incl. 300.76 301.70 0.94 5.21 0.72 5.93 13.9 -
And 309.07 334.96 25.89 5.10 2.27 7.37 35.4 -
Incl. 310.00 322.88 12.88 7.72 3.24 10.95 57.4 -
Incl. 315.49 319.20 3.71 15.81 4.56 20.37 151.1 -
And 347.79 370.42 22.63 0.47 0.51 0.98 315.8 1.30
Incl. 348.71 368.60 19.89 0.49 0.57 1.07 356.5 1.46
Incl. 348.71 360.73 12.02 0.59 0.79 1.38 560.1 2.30
Incl. 353.39 360.73 7.34 0.68 1.27 1.95 768.0 3.36
Incl. 354.34 360.73 6.39 0.65 1.46 2.11 838.0 3.72
Incl. 354.34 355.20 0.86 0.77 0.06 0.83 1880.0 5.73
And 355.20 356.09 0.89 0.09 0.02 0.11 516.0 1.12
And 356.09 357.02 0.93 0.40 8.47 8.87 399.0 1.16
And 357.02 357.98 0.96 0.36 1.15 1.51 128.0 1.19
And 357.98 358.78 0.80 2.44 0.21 2.65 1215.0 10.45
And 358.78 359.84 1.06 0.33 0.06 0.38 979.0 3.92
And 359.84 360.73 0.89 0.45 0.03 0.48 871.0 3.52
Note: True width of the mineralized interval in hole 25 -3552-31, as a percentage of the down -hole interval, is estimated to
be 50-70%; for photographs of Cu-Ag rich core, see Appendix and www.groupelevenresources.com
Three other holes released today were drilled in a 150m gap to the NE of 25-3552-31 (25-3552-30, -
32 and -33; see Exhibit 2). Hole 25 -3552-30 returned nil mineralization, 25 -3552-32 returned three
intervals of mineralization up to 0.94m of 2.4% Zn+Pb (0.9% Zn and 1.5% Pb) and 8 g/t Ag, and 25-
3552-33 returned three intervals of mineralization up to 0.82m of 2.9% Zn+Pb (1.1% Zn and 1.8% Pb)
and 7 g/t Ag. These zones of mineralization are narrower and weaker than those at the main discovery
trend but generally in line with recent holes drilled further to the ENE (see holes G11-3552-24, -26 and
28 in news release dated 25-Mar-2025). Disseminated copper mineralization, as well as, mineralized
veins and fractures, is strengthening towards the north, suggesting massive sulphide mineralization
may be present further north (see northern-most purple line in Exhibit 4). A second mineralized trend
is also emerging to the south where the interpreted Cu-Ag rich ‘feeder’ fault pierced by drilling along
the main discovery trend appears to correlate with mineralization approx. 350m along strike to the
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ENE, intersected in G11-3552-08 (see solid and dashed purple lines in Exhibit 4). Drilling is ongoing in
the NE area to test the above targets.
Copper-Silver Target
Today’s results add to a growing body of evidence that support the interpretation of a Cu-Ag ‘feeder’
fault parallel to and spatially associated with the main Zn-Pb-Ag discovery at Ballywire (see Exhibit 4).
With up to 10.45% Cu and 1, 880 g/t Ag in a mineralized horizon near a steeply dipping structure,
mineralizing fluids are interpreted to have emanated from deeper in the sedimentary sequence (see
Exhibit 5). Meanwhile, the stratigraphy of the region suggests that the Lower Limestone Shale horizon
exists approximately 100-200m below the discovery horizon (base of the Waulsortian Limestone). This
horizon hosts four well known Cu-Ag historic occurrences in the surrounding area (see Denison, Oola,
Gortdrum and Tullacondra in Exhibit 8, located approx. 5km, 9km, 10km and 45km away from
Ballywire, respectively).
These historic Cu -Ag occurrences can be interpreted as the eroded remnants of originally more
vertically extensive mineralizing systems, likely representing the roots of stratigraphically higher Zn -
Pb-Ag mineralization. At Ballywire, the mineralizing syste m has the potential to be much larger than
its neighbouring occurrences (based on a relatively larger footprint to date); additionally, any Cu-Ag
mineralization would notionally be intact below the existing Zn-Pb-Ag mineralization.
Given the compelling nature of this exploration model, Group Eleven added a third rig and began
drilling this deeper Cu-Ag target this week.
Exhibit 4. Plan Map Showing Interpreted Cu-Ag ‘Feeder’ at Ballywire
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Exhibit 5. Cross-Section Showing Hypothesized Cu-Ag Mineralization in the Lower Limestone Shale
Exhibit 6. Oblique 3D View of Cu-Ag Mineralization at Ballywire
Note: Bodies shown (calcite, Zn -Pb-Ag and Cu-Ag) are not constrained by any grade cut -off and are meant for illustrative
purposes only
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Exhibit 7. Regional Gravity at Ballywire Showing 6km Long Prospective Trend
Notes to Exhibit 8: (a) Pallas Green MRE is owned by Glencore (see Glencore’s Resources and Reserves
Report dated December 31, 2024); (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 esti mate 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.
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Exhibit 8. Regional Map of Ballywire Discovery and Surrounding Cu-Ag Historic Occurrences
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
0.42m to 1.3m with the majority of samples in the 0.79m to 0.99m range. The half-core samples are
bagged, labelled and sealed at Group Elevens 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 70% < 2mm, riffle splitter, pulverise up to 250g 85% < 75um. Analytical
procedures are 34 element four acid ICP-AES (codes ME-ICP61 and ME-OG62). Other than paying for
a professional analytical service, Group Eleven has no relationship with ALS.
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. T he 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.
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About Group Eleven Resources
Group Eleven Resources Corp. (TSX.V: ZNG; OTCBB: GRLVF and FRA: 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)
• 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)
• 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)
• 11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)
• 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% 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 and 0.19% Cu (G11-3552-27)
• 12.0m of 1.4% Zn+Pb, 560 g/t Ag, 2.30% Cu and 0.17% Sb (25-3552-31), including
• 6.4m of 2.1% Zn+Pb, 838 g/t Ag, 3.72% Cu and 0.27% Sb (25-3552-31)
Ballywire is located 20km from Company’s 77.64%-owned Stonepark zinc-lead deposit1, which itself is
located adjacent to Glencore’s Pallas Green zinc -lead deposit 2. The Company’s two largest
shareholders are Glencore Canada Corp. ( 16.1% interest) and Michael Gentile ( 16.0%). Additional
information about the Company is available at www.groupelevenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer
E: [email protected] | T: +353-85-833-2463
E: [email protected] | T: 604-644-9514
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
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, ref er 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.sedar.com 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 11.3% Zn+Pb (8.7% Zn and 2.6% Pb), Inferred (Apr -17-2018)
2 Pallas Green MRE is 45.4 million tonnes of 8.4% Zn+Pb (7.2% Zn + 1.2% Pb), Inferred (Glencore, Dec -31-2024)