Interview with Bart Jaworski, CEO and Co-founder of Group Eleven Resources Corp.
Our previous interview: https://www.cruxinvestor.com/posts/group-eleven-resources-tsxvzng-ballywire-strike-extends-17-12307
Recording date: 18th October 2026
Group Eleven Resources Corp. (TSXV:ZNG) is exploring the Ballywire discovery in Ireland, next to Glencore’s ground and its Pallas Green zinc deposit. Ahead of Michael Gentile’s European investor roadshow, co-founder and CEO Bart Jaworski explained how the project’s investment case has shifted since the discovery hole in September 2022.
A hole cut 10.8 m grading 10.0% Zn+Pb and 109 g/t Ag and drilling since then has outlined 2 linked systems. The first is a zinc-lead-silver system that typically grades about 10% Zn+Pb with 50 to 150 g/t Ag, higher silver than is usual in Ireland. The second is a set of near-vertical copper-silver structures, each 2 to 3 m thick. Jaworski said the copper-silver system has now been intersected over 1,700 m and appears to run for most of the length of the zinc discovery.
The shift in emphasis is clear. Jaworski said the company is steering its technical team toward copper, which he regards as the bigger prize. The 2 systems appear to share the same plumbing, so drilling for one should help find the other. Germanium sits inside sphalerite, the zinc mineral, and should be recovered with it, although metallurgical testwork has not yet been done.
Scale remains largely untested. About 30,000 m across roughly 91 holes has gone into Ballywire, mostly into 1 of 4 gravity anomalies on a 6 km trend. Jaworski said the company is only a quarter of the way through that trend.
Group Eleven held C$16.2 million in cash at June 2026, including a C$12.0 million bought deal, and had a market capitalization of C$224.1 million at September 2026. Drilling has stepped up to 4 rigs, with a fifth possible later this year. The company is targeting about 70,000 m of drilling, most of it in 2027. Jaworski said that includes about 50,000 m at Ballywire and about 15,000 m on a target he described as a mirror image of Pallas Green, south of Glencore’s deposit on the Limerick volcanic complex. The presentation lists approximately 67,000 m funded and up to 75,000 m subject to detailed planning.
The share register adds weight. Glencore holds 12.8% of basic shares and Michael Gentile 13.6%. Glencore invested in 2019 and joined the board in 2020. Gentile first invested in 2020, 2 years before the discovery hole, and Jaworski said his following has helped lower the company’s cost of capital.
The policy backdrop is supportive. Jaworski said copper and germanium are classed as critical under the European Union’s Critical Raw Materials Act and zinc is not. Ireland offers 6 mines permitted over 60 years, established infrastructure and nearby European smelters. Jaworski also pointed to the new Irish Minerals Fund as a possible future source of local support.
The watch-list for 2027 is drilling on the 3 untested gravity anomalies, the first holes into the Pallas Green look-alike target and any metallurgical testwork on germanium. Together, those results will show whether Ballywire is a single deposit or the start of a larger camp.
View Group Eleven's company profile: https://www.cruxinvestor.com/companies/group-eleven-resources-corp
Sign up for Crux Investor: https://cruxinvestor.com/subscribe
