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