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Key Highlights

  • Group Eleven re-analysed 110 drill-core samples at Ballywire in Ireland using a new germanium test.
  • The company said the new method returned germanium grades averaging 94% higher than prior results.
  • Updated intervals included 8.7m grading 43 g/t germanium alongside 23.9% zinc plus lead.

Group Eleven Resources Corp. (TSXV: ZNG) released updated germanium results from its Ballywire discovery at the 100%-owned PG West Project in Ireland, after re-analysing drill-core samples using what it described as a higher-accuracy assay method.

The company said a second batch of 110 samples was re-tested using a sodium peroxide fusion method, compared with the lithium borate fusion method used previously. Group Eleven said the re-analysed samples returned germanium grades that were 94% higher on average than the earlier results.

This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.

Group Eleven described germanium as a semiconductor used in several industries, including fibre optics and artificial intelligence-related infrastructure. The release cited a price of about US$235/oz outside China, and said that was up about 50% from September 2025 and up over 500% since January 2023.

Selected updated drill intervals

Group Eleven paired the updated germanium assays with zinc-plus-lead and silver results it said were previously reported for the same drill holes. The company highlighted the following intervals (germanium grades shown are the updated results, with the prior germanium result in brackets):

  • G11-3552-12: 2.8m of 9.8% Zn+Pb, 24 g/t Ag and 27 g/t Ge (previously 18 g/t Ge)
  • G11-3552-17: 1.4m of 14.4% Zn+Pb, 29 g/t Ag and 60 g/t Ge (previously 12 g/t Ge)
  • G11-3552-19: 8.7m of 23.9% Zn+Pb, 85 g/t Ag and 43 g/t Ge (previously 15 g/t Ge)
  • G11-468-01: 3.3m of 12.5% Zn+Pb, 48 g/t Ag and 44 g/t Ge (previously 27 g/t Ge)
  • G11-468-03: 6.9m of 15.4% Zn+Pb, 160 g/t Ag and 38 g/t Ge (previously 19 g/t Ge), plus 2.1m of 40.8% Zn+Pb, 385 g/t Ag and 93 g/t Ge (previously 48 g/t Ge)
  • G11-468-06: 2.5m of 29.2% Zn+Pb, 160 g/t Ag and 27 g/t Ge (previously 19 g/t Ge)

Chief Executive Officer Bart Jaworski said, "Today's results represent more accurate and significantly improved germanium grades at Ballywire, reinforcing one of the discovery's key value drivers."

Drilling and next steps

Group Eleven said 330 Ballywire drill-core samples were previously analysed for germanium by ALS Laboratories in Ireland using the older method. It said 220 samples were announced on 17-Sept-2026 and were largely continuous sequences selected to assess wider intervals, while the 110 samples in this release were mainly used for spot testing during the earliest phase of germanium work.

The company said further germanium analysis is required across remaining untested intervals of strong zinc mineralization. It also noted that metallurgical test work has not yet been completed, so metallurgical recoveries are not yet known.

Group Eleven said four rigs continue to drill at Ballywire, with 18 new holes completed (and being logged, sampled and assayed) or currently being drilled. It also said a C$12m financing completed in March 2026 fully funds a drill program totalling about 67,000m, including about 51,500m at PG West.

The original press release is available on stockhouse.com

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