Update on Eagle Gold Project
Gunsynd Plc has provided an update on its Eagle Gold Project in Ontario, Canada, confirming that Critical Discoveries Ltd is engaged for exploration, including historic data compilation and target generation. Thirty-five historical assessment reports are being reviewed, and geophysical, geochemical, and diamond-drill datasets are being digitized to define high-priority drill targets along a 7 km strike extent. Community engagement with the Eagle Lake First Nation has commenced as part of permitting preparations, with the company anticipating the farm-in agreement to be concluded shortly.
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Gunsynd (AIM: GUN), an investing company, is pleased to provide an update on exploration activity at the Eagle Gold Project, Ontario, Canada. Critical Discoveries Ltd has been engaged to operate the field exploration program and to lead the technical work, including historic data compilation, target generation, and drill-program planning.
A program of historic data compilation and digitisation is ongoing to define high-priority drill targets for a maiden drill program. Thirty-five historical assessment reports are being reviewed, and the available geophysical, geochemical and diamond-drill datasets are being digitised and combined to inform field design and permitting. Initial work has identified multiple high priority targets along the largely under-explored approximately 7 km strike extent, warranting a large follow-up geochemical survey and targeted drilling.
Community engagement and permitting
Consultation has been initiated with relevant stakeholders as part of its permitting and project planning in recognition of the importance of early and ongoing indigenous engagement. Feedback will be incorporated into the exploration plan and drill permit submission.
Next steps
- Complete community consultation and submit the exploration drill permit application to the Ontario Ministry of Mines.
- Design upcoming exploration program, including finalising the drill plan and outlining the geochemical and geophysical surveys.
As announced on 19 November 2025, the Company entered into a term sheet which sets out the basis on which the Company can farm into the Eagle Gold Project. As at the date of this announcement, the farm in agreement has not been concluded but it is anticipated this will occur shortly. A further announcement will be made in due course.
Hamish Harris Chairman, commented: "We are pleased that the Eagle Gold Project will be advanced through focused data compilation, permitting preparations and early engagement with Eagle Lake First Nation. These steps position us to responsibly progress to field programs and, ultimately, testing the drill-ready highly prospective gold project."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.