Update on Eagle Lake Project
Summary by AI BETAClose X
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 Resources”).
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
- Significant near-surface gold mineralisation confirmed at Cedar Trench, with hole EG-26-07 intersecting 126.8m at 0.81 g/t Au, including 94.5m at 1.00 g/t Au and the previously reported high-grade intercept of 8.75m at 5.05 g/t Au.
- Grade begins in the first sample in fresh rock at just 4.17m and continues to the end of the hole at 131m, indicating potential for further extension.
- The intercept represents a grade-thickness of 102.71 gram-metres, a strong result for an early-stage exploration programme and one that warrants further investigation.
- Assays remain outstanding from two further holes at Cedar Trench, EG-26-08 and EG-26-09, which will help inform the next phase of drilling.
- Much of the c.7km prospective strike length at Eagle Lake remains largely untested, offering considerable scope for further exploration.
- MINML will incorporate the latest assay and geological data into its machine learning-assisted targeting model to refine the next phase of drilling, currently anticipated in Spring 2027.
|
Table 1: Eagle Lake maiden drill programme – updated significant intercepts Hole |
Prospect |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
|
EG-26-01 |
E.Fornieri |
33.50 |
39.30 |
5.80 |
0.54 |
|
|
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-26-02 |
E.Fornieri |
4.03 |
7.00 |
2.97 |
0.50 |
|
|
|
21.73 |
22.36 |
0.63 |
3.54 |
|
EG-26-03 |
E.Fornieri |
4.72 |
5.30 |
0.58 |
1.00 |
|
|
|
19.50 |
20.00 |
0.50 |
6.86 |
|
|
|
45.45 |
46.00 |
0.55 |
1.24 |
|
|
|
48.07 |
49.00 |
0.93 |
0.33 |
|
|
|
94.00 |
96.99 |
2.99 |
0.70 |
|
EG-26-04 |
E.Fornieri |
18.50 |
31.00 |
12.50 |
0.17 |
|
|
|
47.00 |
48.00 |
1.00 |
25.30 |
|
|
|
69.00 |
70.00 |
1.00 |
2.16 |
|
EG-26-05 |
E.Fornieri |
15.27 |
17.71 |
2.44 |
1.05 |
|
|
incl. |
15.27 |
16.27 |
1.00 |
1.79 |
|
|
|
20.09 |
20.39 |
0.30 |
3.81 |
|
|
|
30.00 |
31.00 |
1.00 |
1.35 |
|
|
|
35.00 |
36.00 |
1.00 |
1.20 |
|
|
|
59.03 |
60.50 |
1.47 |
0.75 |
|
EG-26-06 |
Cedar Trench |
19.50 |
23.50 |
4.00 |
0.53 |
|
|
|
30.15 |
63.50 |
33.35 |
0.61 |
|
|
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 |
|
|
incl. |
56.95 |
58.00 |
1.05 |
1.86 |
|
|
incl. |
59.48 |
60.57 |
1.09 |
4.85 |
|
|
|
71.50 |
73.50 |
2.00 |
0.59 |
|
|
|
76.95 |
79.88 |
2.93 |
0.39 |
|
|
|
87.00 |
88.00 |
1.00 |
0.73 |
|
|
|
93.00 |
93.79 |
0.79 |
0.43 |
|
EG-26-07 |
Cedar Trench |
4.17 |
131.00 |
126.83 |
0.81 |
|
|
incl. |
14.81 |
16.00 |
1.19 |
1.79 |
|
|
incl. |
30.00 |
32.35 |
2.35 |
1.09 |
|
|
incl. |
31.50 |
126.00 |
94.50 |
1.00 |
|
|
incl. |
31.50 |
32.35 |
0.85 |
1.68 |
|
|
incl. |
35.00 |
60.07 |
25.07 |
1.40 |
|
|
incl. |
35.00 |
36.40 |
1.40 |
3.74 |
|
|
incl. |
39.40 |
45.50 |
6.10 |
2.61 |
|
|
incl. |
47.00 |
49.72 |
2.72 |
1.91 |
|
|
incl. |
48.50 |
60.07 |
11.57 |
0.85 |
|
|
incl. |
49.12 |
49.72 |
0.60 |
4.67 |
|
|
incl. |
55.50 |
56.50 |
1.00 |
1.98 |
|
|
incl. |
64.00 |
85.25 |
21.25 |
2.19 |
|
|
incl. |
64.00 |
68.34 |
4.34 |
0.30 |
|
|
incl. |
76.50 |
89.00 |
12.50 |
3.64 |
|
|
incl. |
76.50 |
85.25 |
8.75 |
5.05 |
|
|
incl. |
77.57 |
85.25 |
7.68 |
5.71 |
|
|
incl. |
77.57 |
80.27 |
2.70 |
5.79 |
|
|
incl. |
77.57 |
78.50 |
0.93 |
15.10 |
|
|
incl. |
81.50 |
85.25 |
3.75 |
7.38 |
|
|
incl. |
84.00 |
85.25 |
1.25 |
17.08 |
|
|
incl. |
100.00 |
103.00 |
3.00 |
0.71 |
|
|
incl. |
100.00 |
101.00 |
1.00 |
1.22 |
|
|
incl. |
124.82 |
128.80 |
3.98 |
1.07 |
|
|
incl. |
124.82 |
126.00 |
1.18 |
2.36 |
|
EG-26-10 |
West Fornieri |
3.40 |
16.00 |
12.60 |
0.80 |
|
|
incl. |
10.00 |
11.00 |
1.00 |
1.58 |
|
|
incl. |
13.00 |
15.00 |
2.00 |
1.64 |
|
|
|
44.50 |
50.00 |
5.50 |
0.34 |
|
|
|
83.00 |
93.00 |
10.00 |
0.73 |
|
|
incl. |
84.50 |
86.00 |
1.50 |
1.82 |
|
|
incl. |
89.50 |
90.50 |
1.00 |
1.21 |
|
|
|
133.00 |
134.58 |
1.58 |
1.15 |
|
EG-26-11 |
West Fornieri |
2.13 |
5.00 |
2.87 |
0.36 |
|
EG-26-12 |
Moss Knoll |
27.30 |
29.00 |
1.70 |
1.26 |
|
|
incl. |
27.30 |
28.15 |
0.85 |
1.68 |
|
|
|
63.50 |
65.00 |
1.50 |
0.72 |
Notes: Most results are preliminary pending final laboratory certificates. Shaded rows indicate assay intercepts previously reported on 29 October 2026. Lengths are core lengths, true widths unknown. Metallic screen (FA-MeT) results used where the fire assay–gravimetric (FA-GRA) method detected >5 g/t Au. Au assays below detection of 0.03 ppm use half of the detection limit. Bulk intervals are calculated at a 0.1 g/t Au cutoff with ≤3.0 m consecutive internal dilution, except the EG-26-07 126.83 m (whole hole) and 94.50 m intervals, which are length-weighted.
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 |
+44 (0) 20 3582 663 |
|
|
|
|
Cairn Financial Advisers LLP Liam Murray / James Western |
+44 20 7213 0880 |
|
|
|
|
AlbR Capital Limited Lucy Williams |
+44 20 7469 0936
|
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