Update on Eagle Gold Project

Gunsynd PLC

09 December 2025

 

Gunsynd Plc

("Gunsynd" or the "Company")

Update on Eagle Gold Project

Drill target definition and community engagement

Gunsynd (AIM: GUN), an investing company, is pleased to provide an update on exploration activity at the Eagle Gold Project, Ontario, Canada.  Critical Discoveries Ltd has been engaged to operate the field exploration program and to lead the technical work, including historic data compilation, target generation, and drill-program planning.

A program of historic data compilation and digitisation is ongoing to define high-priority drill targets for a maiden drill program. Thirty-five historical assessment reports are being reviewed, and the available geophysical, geochemical and diamond-drill datasets are being digitised and combined to inform field design and permitting. Initial work has identified multiple high priority targets along the largely under-explored approximately 7 km strike extent, warranting a large follow-up geochemical survey and targeted drilling.

Community engagement and permitting

Consultation has been initiated with relevant stakeholders as part of its permitting and project planning in recognition of the importance of early and ongoing indigenous engagement. Feedback will be incorporated into the exploration plan and drill permit submission.

Next steps

·    Complete community consultation and submit the exploration drill permit application to the Ontario Ministry of Mines.

·    Design upcoming exploration program, including finalising the drill plan and outlining the geochemical and geophysical surveys.

As announced on 19 November 2025, the Company entered into a term sheet which sets out the basis on which the Company can farm into the Eagle Gold Project. As at the date of this announcement, the farm in agreement has not been concluded but it is anticipated this will occur shortly.  A further announcement will be made in due course.

Hamish Harris Chairman, commented: "We are pleased that the Eagle Gold Project will be advanced through focused data compilation, permitting preparations and early engagement with Eagle Lake First Nation. These steps position us to responsibly progress to field programs and, ultimately, testing the drill-ready highly prospective gold project."

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the Company's ability to execute and implement future plans, and the occurrence of unexpected events.  Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. 

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

For further information, please contact:

Gunsynd plc Hamish Harris	[phone]
Cairn Financial Advisers LLP Liam Murray / James Western	[phone]
AlbR Capital Limited Lucy Williams	[phone]

 

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