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.
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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