00:00Welcome to The Watchlist, I'm Lindsay Melchuk.
00:08Group 11 is making serious noise in Ireland with their Ballywire project.
00:13Thick high-grade zinc hits and they're turning heads across the junior mining space.
00:19The latest drill results suggest that this is more than just a promising target.
00:24It could be a game-changer.
00:26Joining me now to break it all down is Bart Jawoski, CEO of Group 11.
00:30Welcome to the show, Bart. It's great to sit with you today.
00:33Thanks, Lindsay. I appreciate you having me on. It's great to be here.
00:36Absolutely. Now, you started to release the results from your 2025 drill program at the Ballywire project.
00:43And that's in Ireland. So, let's start there.
00:46What does the drill program stand? Where does it stand at the moment?
00:51And really, what are some of the highlights of the recent results?
00:55Yeah. So, it took us seven years to make this discovery.
00:57About 100 drill holes and about $20 million.
00:59So, it was a long grind to get here.
01:01But we have made the most significant discovery in Ireland in the last decade.
01:04And Ireland is very well known for its world-class zinc deposits.
01:08So, up until about six weeks ago, it was known.
01:10We had about 53 holes into it over 2.6 kilometers.
01:13We had some very robust mineralization.
01:15But then, we hit some high-grade bonanza copper numbers, would you believe?
01:20Copper and silver numbers.
01:22So, we got a six-meter hit of nearly 1,000 grams per ton silver and nearly 4% copper.
01:28So, really, really high-grade.
01:30And that seemed to suggest that we have a deeper horizon of copper-silver that we haven't tapped yet.
01:37And so, that's where the market got excited and the share price went up.
01:41And so, now we're sort of floating around that sort of 90 to 100 million market cap range.
01:46So, it's been fantastic.
01:48And that's basically why people are excited.
01:51But we have a six-kilometer trend, Lindsay, just to finish off your question, defined by four gravity-high anomalies.
01:57And the discovery has only been made on one of those four gravity-high anomalies.
02:00So, we're really only 25% into our journey here to explore this prospective six-kilometer-long trend.
02:07And really, 75% more of it to go to test.
02:11And we hope to test, at least in part, that six-kilometer trend by Christmas of this year.
02:16My goodness.
02:17So, just the tip of the iceberg, then, for sure.
02:20Now, what are the next steps for you?
02:22I mean, what can investors look forward to in the coming weeks or even the next quarter?
02:26Well, we're going to be very, very busy.
02:29We've got $4.3 million in the till.
02:32Our costs for drilling are very low, $150 a meter over here.
02:36And so, that $4.3 million goes a long way.
02:39So, we're fully funded for the rest of the year and well into 2026 with three rigs running.
02:44And really, the name of the game for us will be expand along that six-kilometer perspective trend
02:49and then look deeper underneath our zinc discovery.
02:53Hopefully, we have a copper-silver horizon as well.
02:56And that's really what I think a lot of investors are holding their breath on,
02:59certainly ourselves as well.
03:00We have copper-silver hits around us, around our discovery.
03:04So, we have something to go on to suggest we have something deeper.
03:07But we're drill testing that right now.
03:09So, all that to come.
03:11Well, Bart, we are crossing our fingers and we are definitely watching out for your updates coming out soon.
03:16Thank you so much for joining us.
03:17Thanks, Lindsay.
03:18Appreciate it.
03:19That was Bart Jawowski, CEO of Group 11 Resources.
03:23Now, definitely head over to their website, group11resources.com to hear more about their story.
03:29I'm Lindsay Melchuk.
03:30We'll see you next time.
03:31Bye.
03:32Bye.
03:33Bye.
03:34Bye.
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