Term Sheet for High Grade Gold Project in Canada

Gunsynd

19/11/2025 07:00

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
(m)
To (m)
Interval
(m)
Au (g/t)
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
Hamish Harris
+44 (0) 78 7958 4153
Cairn Financial Advisers LLP
Liam Murray / James Western
+44 20 7213 0880
AlbR Capital Limited
Lucy Williams
+44 20 7469 0936

 

 

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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