REG - Gunsynd PLC - Barb Project Update

GunsyndAnnouncement

06/01/2026 07:00

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RNS Number : 7224N  Gunsynd PLC  06 January 2026

Gunsynd PLC

("Gunsynd" or the "Company")

Barb Project Update

Gunsynd Plc (AIM: GUN) is pleased to provide an update on the Barb Project in
Manitoba, Canada, in which the Company holds a 100% legal and beneficial
interest.

The Company confirms that it has received geochemical results in full and
submitted a technical assessment report covering the 2025 field programme to
the Manitoba Mining Recorders Office. The assessment report covers the
Company's 26-day prospecting and rock sampling programme and provides an
integrated geological and geochemical interpretation.

The Barb Gold Project is located near the historic mining community of Bissett
within the Archean Rice Lake Greenstone Belt, a well-established Manitoban
gold district that has produced more than 1.7 million ounces of gold
historically. Historical production in the district was primarily from the
True North Gold Mine, located approximately 30 km to the east of the Barb
Project, and contains a permitted gold processing facility.

2025 Programme Results

The 2025 field programme supports the interpretation that gold mineralisation
on the Barb Project is consistent with a structurally controlled orogenic gold
system, hosted within quartz-carbonate veins and associated shear zones.

Mineralisation is spatially associated with the Wanipigow Shear Zone, a
regionally significant structural corridor known to host gold mineralisation
in the Rice Lake Greenstone Belt.

High-grade gold results up to 13.12 g/t were previously announced on 28
October 2025 when initial fire assays were received. Multi-element geochemical
results from these samples highlight clear pathfinder element associations,
typical of hydrothermal mineralising systems of the Rice Lake Greenstone Belt.
High gold values are consistently accompanied by elevated silver, tellurium,
and bismuth.

A later batch of rock sample results were received that tested the
northernmost part of the property i.e. further from the Wanipigow Shear Zone
than the first rock samples and demonstrate a secondary target area (see
Schedule A). Whilst no samples produced grades of over 1 g/t Au theycontained
elevated pathfinder values in the same samples showing positive correlations
to Au mineralisation in the complete dataset indicating an enriched
mineralising fluid.

 

Manitoba Mineral Development Fund Grant

Critical Discoveries has conditionally secured a grant of CAD$105,000 from
the Manitoba Mineral Development Fund ("MMDF"), administered by the Manitoba
Chamber of Commerce, which will contribute to the planned exploration
programme on the Barb Project. The funding is expected to be paid in
instalments against work programmes and reporting milestones. Payment of the
grant is subject to, among other things, MMDF's approval of the Company's
proposal and budget for the exploration programme, and Manitoba's continued
agreement to appropriate funding to the MMDF.

Next Steps

Following the 2025 field programme, Gunsynd plans targeted exploration to
advance understanding and guide future drilling. A focused diamond drilling
programme will test priority quartz veins and shear zones, including
structures with elevated gold and sulphide enrichment (Betty, Lilac, Disco,
and Oxford structures), along strike extensions, and underexplored structural
corridors. While the Company continues the drill permitting process, it will
also conduct the following programmes to better refine drill targets:

-     A systematic soil survey will identify gold and pathfinder anomalies
beyond outcrop, and assess continuity between known mineralised zones.

-     Induced Polarization (IP) surveys will map concealed sulphide zones,
extend shear zone interpretation at depth, and integrate geophysical anomalies
with surface geochemistry to prioritise targets, and;

-     Continued prospecting and detailed geological mapping will fill gaps
in coverage, providing structural, lithological, and sampling data to improve
the geological model and support advanced exploration.

Hamish Harris, Executive Chairman of Gunsynd, commented: "The 2025 field
programme on the Barb Project has demonstrated its strong potential for gold
mineralisation. As drill permits are secured, the Company will proceed with
field programmes designed to significantly improve our understanding of the
Barb Project and guide drilling on refined targets."

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.

Qualified Person

The technical information contained in this disclosure has been reviewed and
approved by Aaryn Hutchins, P. Geo., a Professional Geoscientist registered
with Engineers Geoscientists Manitoba. Ms. Hutchins has sufficient
experience, relevant to the styles of mineralisation and types of deposits
under consideration, to qualify as a Qualified Person as defined by the AIM
Note for Mining, Oil and Gas Companies.

 

For further information, please contact:

 Gunsynd plc                   +44 (0) 78 7958 4153

 Hamish Harris
 Cairn Financial Advisers LLP  +44 20 7213 0880

 Liam Murray / James Western
 AlbR Capital Limited          +44 20 7469 0936

 Lucy Williams

 

Schedule A

 

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