REG - Gunsynd PLC - Investee Company update Richmond Hill Resources

GunsyndAnnouncement

18/12/2025 10:00

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RNS Number : 1212M  Gunsynd PLC  18 December 2025

Gunsynd PLC
 ("Gunsynd" or the "Company")

 Investee Company update Richmond Hill Resources
Gunsynd (AIM: GUN) notes a Corporate update from Richmond Hill Resources PLC ("Richmond Hill") (AIM: RHR) including the below:

 

Richmond Hill has entered into a binding term sheet (the "Term Sheet") which
it is proposed that the Company will enter into a sale and purchase agreement
(the "Agreement") with respect to the Martello Gold Project, consisting of
certain licences over prospective acreage in Ontario, Canada (the "Proposed
Transaction").

Highlights on the Martello Gold Project

 

·      100% proposed acquisition of the Martello Gold Project, Ontario

·      88 mining claims located within 4,241 hectares situated in the
Wabigoon Greenstone belt which includes numerous other reported gold deposits

·      South East of Dryden Ontario, a well-known gold district

·      Good availability of drill rigs and crews and other
infrastructure

·      Highway access to within 10km of the property, gravel roads
within the property

·      High grade historic grab samples including a grab sample of up to
1,050 g/t au

·      Three historic mine shafts

·      Drilling Permits in place

 

Don Strang Executive Director, commented:

"We are pleased to see Richmond Hill Resources becoming active in the gold
space.  The proposed acquisition, subject to completion, has the potential to
be an attractive opportunity in the context of prevailing gold prices.  The
reported high-grade grab samples are encouraging, and with permits in place we
look forward to further updates in due course.  This adds to our gold
exposure along with Eagle Lake and our 100% owned Barb project."

The Directors of the Company are responsible for the release of this
announcement.

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

 

 

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