REG - Gunsynd PLC - Targets identified at Falcon, Greylark and Merlin

GunsyndAnnouncement

11/08/2025 07:00

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RNS Number : 7192U  Gunsynd PLC  11 August 2025

Gunsynd Plc

("Gunsynd" or the "Company")

Priority targets identified at Falcon, Greylark and Merlin

 

Gunsynd (AIM: GUN) is pleased to provide an update in relation to the Falcon
Lake, Greylark and Merlin Projects in Canada (together the "Hornby Basin
Projects"), in which the Company has acquired a 100% legal and beneficial
interest in the Projects.  Further to the announcement of 10 July 2025
Southern Geoscience consultants have now completed a comprehensive review of
all historical geophysical surveys completed across the Company's land package
in the Hornby Basin including its Falcon, Greylark and Merlin licences and
have identified 22 targets to follow up with field work.

Falcon

 

At Falcon, the broad 2 km spacing of the AEM (Airborne ElectroMagnetic) survey
detected weak anomalies that should be flown in a tighter spaced survey to
better define and evaluate the anomalies.

Greylark

The central part of the Greylark project contains 5 conductive anomalies that
should be followed up with field review consisting of geochemical sampling and
potentially ground based EM surveys to identify deep bedrock conductors.

Merlin

Merlin hosts multiple moderate EM conductors, including several isolated
targets coincident with magnetic features. The presence of conductive cover
limits depth penetration in places making a follow up ground EM survey
warranted to better assess the bedrock potential.

Data review across the Falcon, Merlin, and Greylark project areas has
identified multiple discrete airborne EM anomalies of interest. Gunsynd plans
to advance these high-priority targets through a combination of ground-based
geophysics, geological mapping, and surface geochemistry to refine exploration
targets and guide future drill planning, which may support long-term
evaluation of the project's mineral potential.

 

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 Statement

The technical information contained in this disclosure has been reviewed and
approved by Douglas Murray, P.Geo., a Professional Geoscientist registered
with Engineers and Geoscientists British Columbia. Mr. Murray has sufficient
experience, relevant to the styles of mineralization 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/ Peter Ruse

 Cairn Financial Advisers LLP  +44 20 7213 0880

 Liam Murray / James Western

 Peterhouse Capital Limited    +44 20 7469 0936

 Lucy Williams

 

 

 

 

About the Hornby Basin Project:

Rock chip samples, as announced on 8 October 2024 and set out below, have
previously recorded high grade results for both copper and uranium.

Falcon Lake Project

 Sample ID  Year  Easting  Northing  Ag (g/t)  Cu (%)
 V749901    2024  457667   7475703   11.65     19.55
 V749902    2024  457669   7475702   12.55     15.30

 

Merlin Project

 Sample_ID  Easting  Northing  Cu (%)  U (ppm)
 V749903    466672   7487761   0.61    1370
 V749904    466700   7487827   0.01    4.1
 V749905    466593   7487702   0.07    1135
 V749906    466600   7487661   0.14    1310

 

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