Update on Eagle Lake and Disposal of Investment

Gunsynd PLC

30 October 2026

 

Gunsynd Plc

("Gunsynd" or the "Company")

Update on Eagle Lake Project and Disposal of Investment

Gunsynd (AIM: GUN notes a Corporate update from Talon Resources Plc (AIM:TAR) with respect to preliminary assay results from its maiden drill programme at the Eagle Lake Gold Project in Ontario, Canada ("Eagle Lake" or the "Project").

The relevant extracts from Talon Resources' announcement are reproduced below without material amendment:

OVERVIEW

High-grade gold mineralisation intersected at multiple targets from the initial batch of assay results.Stand-out intercept in EG-26-07 at Cedar Trench. This was the highest-ranked target identified by MINML's PRISM machine learning platform, reinforcing the targeting work and adding a further layer of data to guide future interpretation as work is narrowed and stepped out. Initial highlight intercepts received to date include:EG-26-07 (Cedar Trench) intersected:21.25m at 2.19 g/t Au (from 64.00m), including;8.75m at 5.05 g/t Au (from 76.50m);0.93m at 15.10 g/t Au (from 77.57m); and1.25m at 17.08 g/t Au (from 84.00m)11.57m at 0.85 g/t Au (from 48.50m), including:0.60m at 4.67 g/t Au (from 49.12m); and1.00m at 1.98 g/t Au (from 55.50m)EG-26-06 (Cedar Trench) intersected:33.35m at 0.61 g/t Au (from 30.15m), including:4.55m at 1.83 g/t Au (from 56.95m); and1.50m at 1.85 g/t Au (from 34.00m)EG-26-03 (East Fornieri Bay) intersected five intervals of gold mineralisation (all assays received), including:0.50m at 6.86 g/t Au (from 19.50m); and2.99m at 0.70 g/t Au (from 94.00m)EG-26-01 (East Fornieri Bay) intersected:5.80m at 0.54 g/t Au (from 33.50m), including:1.10m at 1.68 g/t Au (from 36.00m); and0.80m at 1.33 g/t Au (from 38.50m)Remaining samples are being processed by the laboratory and are expected to provide a comprehensive interpretation of the geology at Eagle Lake.

Table 1: Eagle Lake maiden drill programme - significant intercepts (results received to 26 October 2026; preliminary unless noted)

Hole	Prospect	From (m)	To (m)	Length (m)	Au (g/t)	Hole Results
EG-26-01	E.Fornieri	33.50	39.30	5.80	0.54	PARTIAL (22/26)
	incl.	36.00	39.30	3.30	0.89
	incl.	36.00	37.10	1.10	1.68
	incl.	38.50	39.30	0.80	1.33
EG-26-03	E.Fornieri	4.72	5.30	0.58	1.00	COMPLETE (80/80)
		19.50	20.00	0.50	6.86	COMPLETE (80/80)
		45.45	46.00	0.55	1.24	COMPLETE (80/80)
		48.07	49.00	0.93	0.33	COMPLETE (80/80)
		94.00	96.99	2.99	0.70	COMPLETE (80/80)
EG-26-06	Cedar Trench	19.50	23.50	4.00	0.53	PARTIAL (97/110)
		30.15	63.50	33.35	0.61	PARTIAL (97/110)
	incl.	30.15	31.00	0.85	0.59
	incl.	32.50	39.00	6.50	0.83
	incl.	34.00	35.50	1.50	1.85
	incl.	42.00	45.37	3.37	0.35
	incl.	49.00	54.43	5.43	0.71
	incl.	52.41	53.33	0.92	1.28
	incl.	56.95	61.50	4.55	1.83
	incl.	56.95	60.57	3.62	2.07
		71.50	73.50	2.00	0.59	PARTIAL (97/110)
		76.95	79.88	2.93	0.39	PARTIAL (97/110)
		87.00	88.00	1.00	0.73	PARTIAL (97/110)
		93.00	93.79	0.79	0.43	PARTIAL (97/110)
EG-26-07	Cedar Trench	48.50	60.07	11.57	0.85	PARTIAL (37/106)
	incl.	49.12	49.72	0.60	4.67
	incl.	55.50	56.50	1.00	1.98
		64.00	85.25	21.25	2.19	PARTIAL (37/106)
	incl.	64.00	68.34	4.34	0.30
	incl.	76.50	85.25	8.75	5.05
	incl.	77.57	85.25	7.68	5.71
	incl.	77.57	78.50	0.93	15.10
	incl.	84.00	85.25	1.25	17.08

Notes: Lengths are core lengths, true widths unknown. Metallic screen (FA-MeT) results used where available (EG-26-03 2921102; EG-26-07 2920329, 2920335-337). All results preliminary except Actlabs A26-17385 (Final). Au assays below detections of 0.03 ppm use half of the detection limit. Bulk intervals (shaded grey) are calculated at a 0.1 g/t Au cutoff with ≤3.0 m consecutive internal dilution; other intervals at 0.3 g/t Au with ≤2.0 m; no top cut applied Collars NAD83 UTM Zone 15.

Disposal of Low 6 investment

As per the announcement on 12 October 2026 and the general meeting held on 28 October 2026, the Company has now transitioned to an operating company with a primary focus on gold assets in Canada.   Gunsynd has now disposed of its holding of Low 6 for £50,000 in cash which it has received.

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. 

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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