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The latest announcement is out from Group Eleven Resources ( (TSE:ZNG) ).
Group Eleven Resources has announced promising results from its first drill hole testing the ‘Deeper Cu-Ag Target’ at the Ballywire discovery in Ireland. The findings confirm the presence of copper-silver mineralization below the Waulsortian Limestone, doubling the exploration potential alongside the existing zinc-lead-silver horizon. The company is expanding its drilling efforts with additional rigs to further explore this new target, which could significantly enhance shareholder value.
Spark’s Take on TSE:ZNG Stock
According to Spark, TipRanks’ AI Analyst, TSE:ZNG is a Underperform.
Group Eleven Resources faces significant financial challenges with no revenue and ongoing losses, resulting in a low financial performance score. Despite positive corporate events and strategic initiatives, the technical analysis and valuation metrics remain weak, reflecting ongoing risks and limited attractiveness to investors.
To see Spark’s full report on TSE:ZNG stock, click here.
More about Group Eleven Resources
Group Eleven Resources Corp. is a mineral exploration company focused on discovering and developing base and precious metal deposits in Ireland. The company’s primary focus is on zinc, copper, and silver mineralization, with significant projects such as the PG West Project.
YTD Price Performance: 111.11%
Average Trading Volume: 237,923
Technical Sentiment Signal: Buy
Current Market Cap: C$98.04M
Learn more about ZNG stock on TipRanks’ Stock Analysis page.