Group Eleven Resources Corp. (the "Company") was initially formed in 2015 through the incorporation of a wholly owned subsidiary in Ireland, Group Eleven Resources Limited ("GERL") in order to target superior exploration opportunities in the Irish zinc district. Through 2015, 2016 and 2017, GERL (and its wholly operating subsidiary, Group Eleven Mining & Exploration Limited or "GEME") successfully acquired licenses encompassing three key areas and established the Company as one of the largest ground position holders in Ireland.
In June 2017, GERL acquired, from Teck Ireland Ltd. (“TIL”), a 60% interest in Ballinalack Resources Limited, the owner of the Ballinalack Project, hosting potential Navan-style mineralization in the Pale Beds. Subsequently, in September 2017, GERL acquired, from TIL, a 76.6% interest in TILZ Minerals Limited, the owner of the Stonepark Project, next to one of the world’s largest undeveloped zinc deposits, Glencore’s Pallas Green property.
Through this succession of accretive acquisitions the Company now holds the largest ground position in Ireland, consisting of 99 prospecting licenses covering 3,200 square kilometres across four project areas. The Company is rethinking the Irish mining district using existing, consolidated information and applying the latest advancements in technology to identify and target areas of resource potential during a period of strong zinc market fundamentals.
Discover Ireland’s next big zinc mine in order to generate exponential shareholder returns and local economic benefits.
Re-write the book on Irish zinc exploration by using out-of-the-box thinking, the latest information and cutting-edge technology. Apply this to our strategic land package via a two pronged, parallel approach consisting of regional-scale thinking and near-term growth though drill target testing and resource expansion.
Ireland is an infrastructure-rich, first-world jurisdiction hosting some of the worlds largest zinc deposits. The deposits tend to be metallurgically clean, helping minimize impacts on the environment. We are situated adjacent to existing deposits, lowering our hurdle for exploration success.