Brief: Group Eleven Resources Says Provides Update On Its Corporate Strategy

Group Eleven Resources

21/04/2020 12:37

April 21 (Reuters) - Group Eleven Resources Corp  ZNG.V :
    * SAYS PROVIDES UPDATE ON ITS CORPORATE STRATEGY
    * SAYS STONEPARK AND PG WEST PROJECTS, IN LIMERICK BASIN,
HAVE
EMERGED AS VALUE-DRIVER ASSETS
    * SAYS SMALLER CORE PROSPECTS AT BALLINALACK, SILVERMINES
AND
TRALEE PROJECTS WILL ALSO BE MAINTAINED
    * SAYS ALL REMAINING LICENSES (MAJORITY OF COMPANY'S GROUND
POSITION) WILL BE SURRENDERED
    * SAYS FOCUSSED DRILLING AT PG WEST AND STONEPARK PROJECTS
IS
PLANNED TO BEGIN IN MAY AND AUGUST 2020, RESPECTIVELY (SUBJECT
TO COVID-19 RESTRICTIONS)
    * SAYS ALL FIELDWORK (INCLUDING DRILLING) FOR REMAINDER OF
2020 IS
FULLY-FUNDED
    * SAYS SIGNIFICANT HEAD COUNT AND OVERHEAD COST REDUCTIONS
WERE
PUT IN PLACE A NUMBER OF MONTHS AGO
    * SAYS DISCUSSIONS CONTINUE WITH THIRD PARTIES IN RELATION
TO
POTENTIAL STRATEGIC INVESTMENTS

Source text for Eikon:  ID:nCNWcf6LKa 
Further company coverage:  ZNG.V 

 ((Reuters.Briefs@thomsonreuters.com;))