REG - Gunsynd PLC - Term Sheet for High Grade Gold Project in Canada

GunsyndAnnouncement

19/11/2025 07:00

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RNS Number : 0498I  Gunsynd PLC  19 November 2025

Gunsynd Plc

("Gunsynd" or the "Company")

Term Sheet for High Grade Gold Project in Canada

Appointment of Corporate Broker

Gunsynd (AIM: GUN), an investing company, is pleased to announce that it has
entered into a legally binding Term Sheet with Ulvestone Ltd (the "Vendor")
which sets out the indicative commercial terms pursuant to which it is
proposed that the Company will enter into a farm-in agreement (the
"Agreement") with respect to the Eagle Gold Project consisting of certain
licences over prospective acreage in Canada (the "Proposed Transaction").

Highlights

·      10% proposed acquisition of the Eagle Gold Project, Ontario

·      95 mining claims, 1,960 hectares  situated in the Wabigoon
Greenstone belt which includes the numerous other gold deposits as per
Schedule A

·      27 km southwest of Dryden Ontario

·      Road access to within 3km of the property

Historic sampling of up to 204 g/t

2025 field campaign of 21 grab samples included 3 samples of > 25g/t au
with the largest being 75.7g/t au.

26 shallow holes drilled 1951-1985

1982 - 1985, Significant Results

 DDH      From    To (m)  Interval  Au (g/t)

          (m)             (m)
 R-82-3   64.00   67.06   3.05      1.95
 R-83-6   53.34   59.44   6.10      1.64
 R-83-10  5.24    7.62    2.38      1.20
          24.38   30.48   6.09      1.70
          35.05   38.10   3.05      1.13
          42.67   45.72   3.05      2.54
          99.01   102.11  3.05      3.94
 R-83-11  17.98   18.75   0.76      1.95
          101.50  103.02  1.52      2.78
 R-85-12  18.29   19.51   1.22      2.74
          23.16   24.23   1.07      8.23
          27.43   30.48   3.05      2.05
          36.58   39.62   3.05      2.05
 R-85-13  51.82   54.86   3.05      7.54
 R-85-16  9.14    12.19   3.05      2.05

 

Under the Term Sheet, Gunsynd will acquire a 10% legal and beneficial interest
in the Eagle Gold Project in Ontario Canada (the "Project"). Subject to
entering the Agreement, the consideration will be satisfied by:

 i) Payment to the Vendor £170,000 in cash

(ii) 32,258,065 new ordinary shares of 0.085 pence ("Ordinary Shares") in
Gunsynd at a price of 0.155 pence per share.

A 2% net smelter royalty payable exists over the license/permits in the
Project.

 

 

Corporate Broker

Following the merger of the capital markets businesses of Peterhouse Capital
Limited and Novum Securities Limited into AlbR Capital Limited, effective from
1 October 2025, the Company is pleased to announce that AlbR Capital Limited
has been appointed as Corporate Broker to the Company.

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.

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

Location map

 

 

 

Claims list

 

Eagle Gold Property Claims

 CLAIM NUMBER  ISSUE DATE  ANNIVERSARY DATE  HOLDER
 857597        9/11/2023   11-Sep-2027       (100) Ulvestone Ltd

 857599        9/11/2023   11-Sep-2027       (100) Ulvestone Ltd
 857600        9/11/2023   11-Sep-2027       (100) Ulvestone Ltd
 857601        9/11/2023   11-Sep-2027       (100) Ulvestone Ltd
 872370        12/21/2023  21-Dec-2027       (100) Ulvestone Ltd
 872371        12/21/2023  21-Dec-2027       (100) Ulvestone Ltd
 872372        12/21/2023  21-Dec-2027       (100) Ulvestone Ltd
 872373        12/21/2023  21-Dec-2027       (100) Ulvestone Ltd
 872374        12/21/2023  21-Dec-2027       (100) Ulvestone Ltd
 872375        12/21/2023  21-Dec-2027       (100) Ulvestone Ltd
 872376        12/21/2023  21-Dec-2027       (100) Ulvestone Ltd
 872377        12/21/2023  21-Dec-2027       (100) Ulvestone Ltd
 872764        12/22/2023  22-Dec-2027       (100) Ulvestone Ltd
 872765        12/22/2023  22-Dec-2027       (100) Ulvestone Ltd
 872766        12/22/2023  22-Dec-2027       (100) Ulvestone Ltd
 872767        12/22/2023  22-Dec-2027       (100) Ulvestone Ltd
 872768        12/22/2023  22-Dec-2027       (100) Ulvestone Ltd
 872769        12/22/2023  22-Dec-2027       (100) Ulvestone Ltd
 873368        12/29/2023  29-Dec-2027       (100) Ulvestone Ltd
 873369        12/29/2023  29-Dec-2027       (100) Ulvestone Ltd
 873370        12/29/2023  29-Dec-2027       (100) Ulvestone Ltd
 873371        12/29/2023  29-Dec-2027       (100) Ulvestone Ltd
 873372        12/29/2023  29-Dec-2027       (100) Ulvestone Ltd
 873373        12/29/2023  29-Dec-2027       (100) Ulvestone Ltd
 873374        12/29/2023  29-Dec-2027       (100) Ulvestone Ltd
 873375        12/29/2023  29-Dec-2027       (100) Ulvestone Ltd
 873376        12/29/2023  29-Dec-2027       (100) Ulvestone Ltd
 885219        4/1/2024    01-Apr-2028       (100) Ulvestone Ltd
 885220        4/1/2024    01-Apr-2028       (100) Ulvestone Ltd
 892741        6/11/2024   11-Jun-2026       (100) Ulvestone Ltd
 892742        6/11/2024   11-Jun-2026       (100) Ulvestone Ltd
 892743        6/11/2024   11-Jun-2026       (100) Ulvestone Ltd
 892744        6/11/2024   11-Jun-2026       (100) Ulvestone Ltd
 892746        6/11/2024   11-Jun-2026       (100) Ulvestone Ltd
 892747        6/11/2024   11-Jun-2026       (100) Ulvestone Ltd
 893761        6/20/2024   20-Jun-2026       (100) Ulvestone Ltd
 893762        6/20/2024   20-Jun-2026       (100) Ulvestone Ltd
 893763        6/20/2024   20-Jun-2026       (100) Ulvestone Ltd
 893764        6/20/2024   20-Jun-2028       (100) Ulvestone Ltd
 893765        6/20/2024   20-Jun-2028       (100) Ulvestone Ltd
 893766        6/20/2024   20-Jun-2028       (100) Ulvestone Ltd
 893767        6/20/2024   20-Jun-2026       (100) Ulvestone Ltd
 893768        6/20/2024   20-Jun-2028       (100) Ulvestone Ltd
 893769        6/20/2024   20-Jun-2028       (100) Ulvestone Ltd
 893770        6/20/2024   20-Jun-2028       (100) Ulvestone Ltd
 893771        6/20/2024   20-Jun-2028       (100) Ulvestone Ltd
 893772        6/20/2024   20-Jun-2028       (100) Ulvestone Ltd
 893794        6/21/2024   21-Jun-2028       (100) Ulvestone Ltd
 893795        6/21/2024   21-Jun-2028       (100) Ulvestone Ltd
 893796        6/21/2024   21-Jun-2028       (100) Ulvestone Ltd
 893797        6/21/2024   21-Jun-2028       (100) Ulvestone Ltd
 893798        6/21/2024   21-Jun-2028       (100) Ulvestone Ltd
 893799        6/21/2024   21-Jun-2026       (100) Ulvestone Ltd
 893810        6/21/2024   21-Jun-2026       (100) Ulvestone Ltd
 893811        6/21/2024   21-Jun-2026       (100) Ulvestone Ltd
 893812        6/21/2024   21-Jun-2026       (100) Ulvestone Ltd
 893813        6/21/2024   21-Jun-2026       (100) Ulvestone Ltd
 893814        6/21/2024   21-Jun-2026       (100) Ulvestone Ltd
 893815        6/21/2024   21-Jun-2026       (100) Ulvestone Ltd
 893816        6/21/2024   21-Jun-2026       (100) Ulvestone Ltd
 893817        6/21/2024   21-Jun-2026       (100) Ulvestone Ltd
 893818        6/21/2024   21-Jun-2026       (100) Ulvestone Ltd
 893819        6/21/2024   21-Jun-2028       (100) Ulvestone Ltd
 893839        6/22/2024   22-Jun-2028       (100) Ulvestone Ltd
 893840        6/22/2024   22-Jun-2028       (100) Ulvestone Ltd
 893841        6/22/2024   22-Jun-2028       (100) Ulvestone Ltd
 893842        6/22/2024   22-Jun-2028       (100) Ulvestone Ltd
 893843        6/22/2024   22-Jun-2028       (100) Ulvestone Ltd
 893844        6/22/2024   22-Jun-2028       (100) Ulvestone Ltd
 893845        6/22/2024   22-Jun-2028       (100) Ulvestone Ltd
 893846        6/22/2024   22-Jun-2028       (100) Ulvestone Ltd
 893847        6/22/2024   22-Jun-2028       (100) Ulvestone Ltd
 893848        6/22/2024   22-Jun-2026       (100) Ulvestone Ltd
 893849        6/22/2024   22-Jun-2026       (100) Ulvestone Ltd
 893850        6/22/2024   22-Jun-2026       (100) Ulvestone Ltd
 919566        1/12/2025   12-Jan-2027       (100) Ulvestone Ltd
 919634        1/13/2025   13-Jan-2027       (100) Ulvestone Ltd
 919635        1/13/2025   13-Jan-2027       (100) Ulvestone Ltd
 919636        1/13/2025   13-Jan-2027       (100) Ulvestone Ltd
 919637        1/13/2025   13-Jan-2027       (100) Ulvestone Ltd
 939423        3/12/2025   12-Mar-2027       (100) Ulvestone Ltd
 939424        3/12/2025   12-Mar-2027       (100) Ulvestone Ltd
 939425        3/12/2025   12-Mar-2027       (100) Ulvestone Ltd
 939426        3/12/2025   12-Mar-2027       (100) Ulvestone Ltd
 939427        3/12/2025   12-Mar-2027       (100) Ulvestone Ltd
 939428        3/12/2025   12-Mar-2027       (100) Ulvestone Ltd
 939429        3/12/2025   12-Mar-2027       (100) Ulvestone Ltd
 939430        3/12/2025   12-Mar-2027       (100) Ulvestone Ltd
 939431        3/12/2025   12-Mar-2027       (100) Ulvestone Ltd
 939432        3/12/2025   12-Mar-2027       (100) Ulvestone Ltd
 939433        3/12/2025   12-Mar-2027       (100) Ulvestone Ltd
 939434        3/12/2025   12-Mar-2027       (100) Ulvestone Ltd
 939435        3/12/2025   12-Mar-2027       (100) Ulvestone Ltd
 939436        3/12/2025   12-Mar-2027       (100) Ulvestone Ltd
 939437        3/12/2025   12-Mar-2027       (100) Ulvestone Ltd

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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