Group Eleven Resources Nears Second Major Zinc Discovery in Ireland at Carrickittle West

Group Eleven Resources Corp is positioned to potentially make its second major zinc discovery in Ireland at the Carrickittle West prospect, where initial drilling has revealed promising signs of substantial sulphide mineralization and a major fault system critical for mineral deposition. CEO Bart Jaworski announced the company plans to execute a 1,700-meter drill program at Carrickittle West, targeting completion by year-end. This aggressive exploration follows Group Eleven's first significant zinc-lead discovery at the Ballywire prospect, where 29 drilled holes have shown mineralization over a 2.6-kilometer strike length within a larger 6-kilometer prospective trend. The standout Ballywire result featured an intersection of 30 meters grading 11% zinc and 80 grams per ton silver, demonstrating the project's substantial potential.

The company's exploration success has attracted significant industry backing, with global commodity trading and mining giant Glencore emerging as the largest shareholder in Group Eleven. Additionally, prominent mining investor Michael Gentile holds a substantial stake in the company, providing validation of the Irish zinc projects' prospects. This high-profile support comes amid favorable market conditions for zinc, with Jaworski noting global supply constraints and reduced treatment charges indicating a tightening concentrate market. These dynamics could amplify the importance of new zinc discoveries, particularly in established mining jurisdictions like Ireland with proven geological potential.

The potential Carrickittle West discovery carries significant implications for the global zinc market, where the metal serves as an essential component in galvanizing steel and various alloys crucial for infrastructure development and manufacturing. New substantial zinc sources could help alleviate supply pressures and potentially stabilize prices in a market that has experienced volatility in recent years. For Ireland, traditionally a significant zinc producer, successful discoveries would reinforce the country's position as an important source of the metal while potentially delivering economic benefits through job creation and increased export revenues. Group Eleven expects to release drill results from both Ballywire and Carrickittle West prospects in the coming months, positioning the company for a potentially transformative period as it continues to explore Ireland's zinc potential amid supportive market conditions and strong industry backing.