Update on Eagle Lake Project

Gunsynd PLC

25 August 2026

 

Gunsynd Plc

("Gunsynd" or the "Company")

Update on Eagle Lake Project

Gunsynd (AIM: GUN) notes a Corporate update from Talon Resources Plc (AIM:TAR).

Talon holds a 90 per cent. interest in Wedgetail Mining Corp. ("Wedgetail"), with the remaining 10 per cent. interest held by Gunsynd plc. Wedgetail is the registered holder of the mining claims comprising the Eagle Lake Gold Project.

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

OVERVIEW

Maiden diamond drilling programme of 1,375m due to commence in the first half of September 2026, comprising 11 holes across five pads at four priority target areas:

o East Fornieri Bay - four holes

o West Fornieri Bay - two holes

o Cedar Trench - four holes

o Moss Knoll - 1 hole

· Programme accelerated (from Q4 2026) to now and expanded from the initial 1,000m scope to 1,375m following the strength of Phase 1 channel sampling results (RNS: 22 July 2026) - results included:

o 1.85m @ 7.17 g/t Au, including 0.50m @ 24.40 g/t Au (East Fornieri Bay)

o 4.80m @ 4.47 g/t Au, including 1.00m @ 19.10 g/t Au (East Fornieri Bay)

o 5.70m @ 1.26 g/t Au, including 1.70m @ 3.15 g/t Au (Cedar Trench)

o 10.10m @ 0.57 g/t Au, including 2.50m @ 1.53 g/t Au (Cedar Trench)

o 8.00m @ 0.67 g/t Au, including 3.20m @ 1.10 g/t Au (Moss Knoll)

· MINML's proprietary PRISM machine learning platform has been applied to Phase 1 results and historical data to refine target selection and optimise drill hole placement.

· Programme fully funded and permitted with drilling to be managed by Critical Discoveries Corp. and Rodren Drilling Ltd. as contractor

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]

 

END