The PG West Project (including the Tullacondra Project to the south) is located in southwest Ireland and is 100% owned by the Company. The project consists of 12 PLs (totalling over 354 square kilometres; see red outlines below) contiguous with the Company’s 77.64% owned Stonepark Project. Glencore’s Pallas Green Project (blue outline) and South32/Adventus’ Rathkeale Project (yellow shaded) are adjacent to the PG West Project from the east and west, respectively.
PG West Project – Regional Location Map
PG West Project – Limerick Region Location Map
Glencore’s Pallas Green deposit hosts 45.4 million tonnes grading 8.4% Zn+Pb (Glencore Reserves and Resource Report dated December 31, 2024), representing one of the largest undeveloped zinc deposits in the world. Group Eleven’s Stonepark deposit, located 1-3 kilometres away, hosts 5.1 million tonnes grading 11.3% Zn+Pb.
On September 6, 2022, the Company announced a discovery at the Ballywire prospect located in the southeast portion of the PG West Project, at the intersection of two mineralized trends: the Pallas Green and the Rathdowney Trend. The discovery is approximately 20km southeast of Glencore’s Pallas Green zinc deposit. To date (February 2025), 48 holes have been drilled and reported by Group Eleven.
Key intercepts to date include:
- 10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)
- 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)
- 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)
- 11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)
- 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and
- 11.8m of 11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)
- 15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu (G11-3552-27)
PG West Project – Ballywire Discovery Drill Hole Plan Map
In addition to zinc, lead and silver mineralization, assays show significantly elevated germanium. For reference, germanium (Ge) trades at approx. US$71/oz, or 2.2x higher than silver at US$33/oz (as at February 2025). Germanium grades within sphalerite-rich zones of mineralization across the Ballywire discovery to date range between 10 g/t Ge and 79 g/t Ge. These represent some of the highest Ge grades known in Ireland and compare favourably to grades at Ivanhoe’s Kipushi zinc project in DRC (64 g/t Ge), stated by the USGS to be the most significant carbonate-hosted Zn-Pb-Cu system containing notable amounts of Ge.
Refer to the presentation for the latest updates
Technical information in this website has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent ‘Qualified Person’ as defined under Canadian National Instrument 43-101.