Glencore, Gentile back historical Irish region project sporting 3.3% zinc, 10% lead
- •My ears definitely perked up when I saw those numbers: 3.3% zinc and 10% lead!
- •That's some serious mineralization, especially for a European project.
- •It also looks like Group Eleven has really ramped up their drilling thanks to that C$12 million raise.
Hey everyone, just read this article on Mining.com about Glencore and Gentile backing this historical Irish project with some pretty impressive zinc and lead grades (link here). My ears definitely perked up when I saw those numbers: 3.3% zinc and 10% lead! That's some serious mineralization, especially for a European project. It also looks like Group Eleven has really ramped up their drilling thanks to that C$12 million raise. Huge potential for discovery, especially if they’re extending the strike or finding new zones.
I’ve been eyeing the battery metals and critical minerals space pretty closely for my retirement portfolio, especially with the global push for EVs and greener energy. While zinc and lead aren't exactly "battery metals" in the same way lithium or nickel are, they're still fundamental to industrial production and have a pretty solid demand outlook. Historically, Glencore's involvement usually signals a project with real merit, and they don't jump into things unless there's serious upside. I’m thinking about starting a small position in Group Eleven, but want to dig into a few factors first like their management team, cost structure, and if there are any immediate red flags. I’ve been burned before by early-stage mining plays that look great on paper, but can’t get off the ground due to permitting or community issues. My kids aren't sending themselves to college!
So, what are your thoughts? Anyone else following Group Eleven (T.GEM)? Or perhaps have some experience with these sorts of Irish zinc-lead projects? The article mentions it’s a historical region, which often means an established infrastructure but also potentially more environmental scrutiny. Curious to hear if anyone has done a deeper dive or has any insights to share!