Vancouver, British Columbia — January 19, 2026 — Leads & Copy — Group Eleven Resources Corp. has announced the latest nine drill holes from its Ballywire discovery at the 100%-owned PG West Project in the Republic of Ireland.
The results, which the company called its “best hole to date since inception,” include a significant new mineralized zone and an 80-meter step-out southwest of the massive sulfide zone within the Ballywire discovery.
Highlights from drill hole 25-3552-51 include 29.9 meters of 15.3% Zn+Pb (9.7% Zn and 5.5% Pb), 552 g/t Ag and 0.67% Cu from 339 meters downhole depth, including 3.8 meters of 27.9% Zn+Pb (23.5% Zn and 4.4% Pb), 82 g/t Ag, and 8.4 meters of 18.2% Zn+Pb (10.4% Zn and 7.8% Pb), 1776 g/t Ag, 2.21% Cu, 0.18% Sb, incl. 1.3 meters of 23.0% Zn+Pb (12.4% Zn and 10.6% Pb), 4260 g/t Ag and 4.58% Cu, 0.46% Sb.
Drill hole 25-468-19, representing a new significantly mineralized zone in a 400-meter gap between two previously drilled holes along a drill fence at the southwest portion of the Ballywire discovery, yielded 32.3 meters of 3.0% Zn+Pb (2.4% Zn, 0.5% Pb), 11 g/t Ag from 446 meters downhole, including 2.9 meters of 6.7% Zn+Pb (5.3% Zn, 1.3% Pb), 55 g/t Ag, and 2.8 meters of 6.0% Zn+Pb (4.0% Zn, 2.0% Pb), 23 g/t Ag, and 2.8 meters of 7.3% Zn+Pb (6.6% Zn, 0.7% Pb), 7 g/t Ag, and 2.7 meters of 5.2% Zn+Pb (4.4% Zn, 0.8% Pb), 10 g/t Ag.
According to Bart Jaworski, CEO, Hole 25-3552-51 intersected nearly 30 meters of excellent zinc and lead grades, including over eight meters of silver numbers, up to 4,260 g/t, coincident with copper and antimony concentrations. The interval is hosted within a bedding-parallel massive sulphide zone interpreted to be close to true width. The hole showed an 80-meter extension of the massive sulphide zone towards the southwest, opening new expansion potential in this area.
Jaworski also noted the discovery of a significant new zone at the SW-end of the current discovery. Hole 25-468-19 intersected over 32m of mineralization, hosting four intervals, each nearly three metres thick, grading robust zinc-lead and silver. This new zone is 295m SSE of previously intersected high-grade mineralization, adding evidence of significant mineralization south of the current discovery trend. Follow-up drilling here is underway.
The Ballywire prospect at the Company’s 100%-owned PG West Project represents the most significant mineral discovery in Ireland in over a decade. First announced in Sept-2022, the discovery has 73 holes drilled and reported by Group Eleven to date, including the most recent nine holes (25-468-17, -19, -20, -21; 25-3552-43, -46, -48, -49 and -51) reported today.
Mineralization reported today consists predominantly of sphalerite, galena and pyrite, with the Cu-Ag bearing zones also containing chalcopyrite and suspected tennantite-tetrahedrite.
25-468-17, -20 and -21 have successfully intersected mineralization approximately 230m NNE of previously known mineralization (see G11-468-01 in Exhibit 4). This shows that mineralization has now been intercepted over a down-dip distance of greater than 1,050m along this section. Given the large step-out distances between holes, it is possible that high-grade zones of massive sulphide remain to be discovered. Hence, closer spaced drilling along this section is now ongoing.
Almost two kilometres to the NE of the drill holes reported above, a fence of four holes was drilled approximately 200m NE of previous drilling (see Exhibit 2), each intersecting visible mineralization:
25-3552-43 – 3.2m of 0.06% Zn+Pb (0.05% Zn and 0.01% Pb) (from 207m downhole), including 1.2m of 0.11% Zn+Pb (0.10% Zn and 0.01% Pb)
25-3552-46 – 2.9m of 0.22% Zn+Pb (0.17% Zn and 0.05% Pb) (from 261m downhole), including 1.0m of 0.35% Zn+Pb (0.27% Zn and 0.08% Pb)
25-3552-48 – 23.5m of 0.18% (0.08% Zn and 0.10% Pb), 1.4 g/t Ag (from 294m downhole), including 1.8m of 0.39% Zn+Pb (0.03% Zn and 0.36% Pb), 8.7 g/t Ag and 1.8m of 0.65% Zn+Pb (0.61% Zn and 0.04% Pb), 0.7 g/t Ag
25-3552-49 – 4.7m of 0.22% Zn+Pb (0.11% Zn and 0.11% Pb), 0.9 g/t Ag (from 365m downhole), including 0.9m of 0.49% Zn+Pb (0.21% Zn and 0.28% Pb) and 1.9 g/t Ag
Drilling at Ballywire re-started in early January after the Christmas break. Four rigs are currently drilling at Ballywire, with the aim of completing over 20,000m in Ireland in 2026 (approx. 85% of which is planned at Ballywire). Currently, eleven new holes are completed (and in the process of being logged, sampled and assayed), in progress and/or about to be drilled.
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.
Group Eleven Resources Corp. 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); 39.7m of 9.5% Zn+Pb, 131 g/t Ag and 0.27% Cu (25-3552-35); 25.6m of 9.2% Zn+Pb, 28 g/t Ag (25-3552-39); 29.9m of 15.3% Zn+Pb, 552 g/t Ag and 0.67% Cu (25-3552-51), including 8.4m of 18.2% Zn+Pb, 1776 g/t Ag, 2.21% Cu and 0.18% Sb (25-3552-51).
Ballywire is located 20km from Company’s 77.64%-owned Stonepark zinc-lead deposit, which itself is located adjacent to Glencore’s Pallas Green zinc-lead deposit.
Bart Jaworski, P.Geo., is Chief Executive Officer of Group Eleven Resources.
Contact: b.jaworski@groupelevenresources.com | T: +353-85-833-2463 and j.lau@groupelevenresources.com | T: 604-781-4915
Source: Group Eleven Resources
