Group Eleven Resources (TSXV:ZNG)

Group Eleven Resources: High-grade Zinc-Lead-Silver, Germanium Discovery in Ireland


With Glencore and Michael Gentile as the two largest shareholders, Group Eleven Resources (TSXV:ZNG) offers lucrative investment opportunities through zinc exploration in Ireland. The company's project portfolio encompasses the PG West and Stonepark projects. PG West and Stonepark are contiguous, forming the largest exploration position in the Limerick region, renowned for its zinc potential. Group Evelen's Ballywire discovery, a significant new finding in 2022, has demonstrated the presence of a high-grade mineralized system making it a potentially transformative asset for the company.

The close alignment with Glencore provides Group Eleven with both industry expertise and a collaborative advantage, further enhanced by Glencore's presence on Group Eleven’s board. This strategic partnership reflects confidence in Group Eleven’s potential within Ireland’s prolific zinc landscape.

Group Eleven's assets

The PG West and Stonepark projects together span an extensive ground area, creating a formidable position in the Limerick region. This strategic region features the Limerick Volcanic Complex, hosting the second largest zinc deposit discovered to date in Ireland, Glencore’s Pallas Green deposit.

Company Highlights

  • Group Eleven Resources is a mineral exploration company focused on advanced stage zinc exploration projects in Ireland.
  • The company’s Ballywire discovery has revealed high-grade zinc-lead-silver mineralization spanning over 2.5 km, with notable grades of up to 40.8 percent zinc and 1,440 g/t silver (and local copper kicks up to 5.9 percent).
  • Group Eleven’s strategic relationship with Glencore, which holds a 17.1 percent stake, includes Glencore’s representation on the board, enhancing industry collaboration.
  • The PG West and Stonepark projects form Group Eleven’s core exploration focus, situated near Glencore’s Pallas Green deposit in a highly mineralized region.
  • Carrickittle West, a high-potential target within Stonepark, is a Pallas Green ‘lookalike’ target, showing many geological similarities.
  • Ireland ranks well on the Fraser Institute Annual Mining Survey and is No. 1 in the world for zinc found per square kilometer, reflecting numerous discoveries to date.

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Group Eleven Resources (TSXV:ZNG)

Group Eleven Resources


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Group Eleven Announces Upsize of Private Placement to $2,500,000 from $1,500,000

Group Eleven Announces Upsize of Private Placement to $2,500,000 from $1,500,000

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce that further to its news release earlier today (February 18, 2025), it is increasing the size of its non-brokered private placement (the "Offering") from up to 7,894,736 units (the "Units") to up to 13,157,894 Units at a price of $0.19 per Unit for gross proceeds of $2,500,000. All currency in this news release is denominated in Canadian dollars.

Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable into one Common Share at a price of $0.28 per Warrant for a period of two years from the date of issuance.

News Provided by Newsfile via QuoteMedia

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Group Eleven Announces Upsize of Private Placement to $2,500,000 from $1,500,000

Group Eleven Announces Upsize of Private Placement to $2,500,000 from $1,500,000

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce that further to its news release earlier today (February 18, 2025), it is increasing the size of its non-brokered private placement (the "Offering") from up to 7,894,736 units (the "Units") to up to 13,157,894 Units at a price of $0.19 per Unit for gross proceeds of $2,500,000. All currency in this news release is denominated in Canadian dollars.

Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable into one Common Share at a price of $0.28 per Warrant for a period of two years from the date of issuance.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Group Eleven Announces Upsize of Private Placement to $2,500,000 from $1,500,000

Group Eleven Announces Upsize of Private Placement to $2,500,000 from $1,500,000

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce that further to its news release earlier today (February 18, 2025), it is increasing the size of its non-brokered private placement (the "Offering") from up to 7,894,736 units (the "Units") to up to 13,157,894 Units at a price of $0.19 per Unit for gross proceeds of $2,500,000. All currency in this news release is denominated in Canadian dollars.

Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable into one Common Share at a price of $0.28 per Warrant for a period of two years from the date of issuance.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Group Eleven Announces Upsize of Private Placement to $2,500,000 from $1,500,000

Group Eleven Announces Upsize of Private Placement to $2,500,000 from $1,500,000

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce that further to its news release earlier today (February 18, 2025), it is increasing the size of its non-brokered private placement (the "Offering") from up to 7,894,736 units (the "Units") to up to 13,157,894 Units at a price of $0.19 per Unit for gross proceeds of $2,500,000. All currency in this news release is denominated in Canadian dollars.

Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable into one Common Share at a price of $0.28 per Warrant for a period of two years from the date of issuance.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Group Eleven Announces Upsize of Private Placement to $2,500,000 from $1,500,000

Group Eleven Announces Upsize of Private Placement to $2,500,000 from $1,500,000

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce that further to its news release earlier today (February 18, 2025), it is increasing the size of its non-brokered private placement (the "Offering") from up to 7,894,736 units (the "Units") to up to 13,157,894 Units at a price of $0.19 per Unit for gross proceeds of $2,500,000. All currency in this news release is denominated in Canadian dollars.

Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable into one Common Share at a price of $0.28 per Warrant for a period of two years from the date of issuance.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
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Group Eleven Resources

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