Gunsynd Plc
("Gunsynd" or the "Company")
Investee Company Update -
1911 Gold Corporation
Gunsynd Plc (AIM: GUN)
notes the recent announcements made by its
investee company 1911 Gold Corporation (TSXV: AUMB) ("1911 Gold"),
a junior gold development and exploration company located in
Manitoba, in the heart of the Rice Lake gold district within the
West Uchi greenstone belt in Canada.
Highlights
· Strategic and lead investment from a high growth gold
producer, whose production base does not include any assets in
Canada.
· Upsized its previously announced non-brokered private
placement offering to raise aggregate gross proceeds of up to
CAD$8,100,000.
· Approximately 2,550 metres ("m") in 10 holes have been drilled
to completion on testing the new near surface drill targets, with
drilling underway at the San Antonio Southeast Target.
· Two
(2) of the three (3) initial new targets now drill tested with
follow up expected upon review of final assay results.
· The
MRE released on 20 November 2024 identified a number of drill
targets within areas of known mineralisation for potential resource
extension both down plunge and along strike outside of the veins
modelled supporting the MRE.
· Assessment of the data and geological model supporting the
existing 43-101 Mineral Resource Estimate for Ogama Rockland
Project is underway, results of this will define the resource
potential of this project as well as identify opportunities as a
potential satellite gold deposit.
· Ongoing, comprehensive review of the geology and resource
potential of other past producers on the property, including the
Central Manitoba project is underway to generate additional
exploration drill 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.
The Directors of the Company are responsible
for the release of this announcement.
For further
information, please contact:
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Gunsynd
plc
Hamish Harris/ Peter Ruse
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+44 (0) 78 7958 4153
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Cairn
Financial Advisers LLP
James Caithie / Liam Murray
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+44 20 7213 0880
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Peterhouse
Capital Limited
Lucy Williams
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+44 20 7469 0936
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