Update on Eagle Lake Gold Project
Gunsynd Plc has announced a significant development for the Eagle Lake Gold Project, in which it holds a 10% interest, with the granting of Exploration Permit PR-25-000274 by the Ontario Ministry of Energy and Mines on March 19, 2026. This permit, effective for three years, authorizes early exploration activities across the 1,986-hectare project area, which comprises 95 contiguous mining claims within Ontario's Wabigoon Greenstone Belt. The company also anticipates providing an update on a proposed work program for its Barb Gold Project in the coming weeks.
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Gunsynd (AIM: GUN) notes the announcement made by Medcaw Investments plc ("Medcaw") in relation to the Eagle Lake Gold Project (the "Project", previously referred to as Eagle Gold) in which the Company has a legally binding term sheet to acquire a 10% interest in the Project. A summary of the key highlights, as reported by Medcaw, is set out below.
Highlights
- Early Exploration Permit PR-25-000274 granted by the Ontario Ministry of Energy and Mines on 19 March 2026, issued pursuant to subsection 78.3(2) of the Mining Act (Ontario)
- The Permit is effective for a period of three years and authorises early exploration activities across the Project area
- The Project comprises 95 contiguous mining claims covering approximately 1,986 hectares within Ontario's Wabigoon Greenstone Belt.
Barb Update
Gunsynd also expects to be able to provide an update with respect to a proposed work programme at its Barb Gold Project in the coming weeks.
Hamish Harris, Executive Director, commented: "It's pleasing to see momentum at the Eagle Lake Gold Project with the granting of the exploration permit representing an important step in advancing early-stage activities."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.