REG - Gunsynd PLC - Update on Barb Project

GunsyndAnnouncement

06/05/2026 07:00

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RNS Number : 1326D  Gunsynd PLC  06 May 2026

Gunsynd Plc

("Gunsynd" or the "Company")

Update on Barb Project

Summer work programme to commence

Gunsynd plc (AIM: GUN) is pleased to provide an update on the Barb Gold
Project in Manitoba, Canada, further to the Company's announcement of 5
February 2026.

Highlights

·      Summer field programme expected to commence by mid-June 2026,
subject to final snow melt

·      Rock chip sampling to be carried out across the newly acquired
Lotus 1 & 2, Denver and Brook claims

·      Induced Polarisation (IP) geophysical survey planned over the
Lotus and Denver claims, together with priority targets on the existing Barb
Gold Project, to assist with diamond drill hole targeting

·      Documented historical grades at the Lotus deposit, now part of
the enlarged Barb Gold Project, include 34.29 g/t Au across 1.5 m and 22.49
g/t Au, as recorded in Manitoba Mineral Inventory File 375 (see further detail
below)

·      Discussions continuing with the local First Nations community in
respect of planned exploration activities, including drilling

Summer programme

The Company expects to be in a position within weeks to commence its summer
work programme on the Barb Gold Project, with the exact start date depending
on final snow melt and currently expected by mid-June 2026. Critical
Discoveries Inc., which is implementing the programme on behalf of Gunsynd,
has confirmed that it expects to mobilise as soon as ground conditions allow.
The opening phase of work will comprise rock chip sampling at each of the
newly acquired claims announced on 5 February 2026.

Geophysical programme

To advance drill target generation, Gunsynd also intends to conduct an IP
survey across priority areas encompassing the Lotus and Denver claims,
together with selected targets on the existing Barb Gold Project. The IP
survey is designed to identify chargeability and resistivity anomalies
associated with sulphide-bearing structures within the quartz-carbonate vein
systems that characterise the Rice Lake greenstone belt, and to refine diamond
drill hole targeting ahead of any subsequent drilling phase.

Historical context - Lotus deposit

The Lotus deposit, which forms part of the enlarged Barb Gold Project
following the acquisition announced on 5 February 2026, was the subject of
intermittent exploration and small-scale mining between 1924 and 1982.
Headline historical grades recorded in Manitoba Mineral Inventory File 375
(NTS 62P/1NE) include a 1930 bulk shipment of 249 kg of ore from the Lotus
claim to the federal Mines Branch laboratories in Ottawa, which returned an
average of 22.49 g/t Au across two cut samples (Parsons, 1932), and a 1935
channel sample at the No. 1 shaft on the adjoining Ling claim, which returned
34.29 g/t Au across 1.5 m at a depth of 10.7 m.

The historical figures referred to above are derived from publicly available
Manitoba government records, predate the introduction of the NI 43-101 and
JORC Code reporting standards, have not been verified by a Qualified Person or
Competent Person, and should not be relied upon as a current estimate of
mineralisation. The Company is not aware of any NI 43-101 or JORC Code
compliant estimate of mineralisation on the Lotus claim block.

Community engagement

Discussions continue with the local First Nations community regarding the
Company's planned exploration activities, including drilling.

Hamish Harris, Executive Chairman of Gunsynd, commented:

"It has been a longer-than-usual winter in that part of Manitoba, but it is
pleasing to finally be in a position to start work again at Barb, following up
last year's successful field campaign which returned multiple rock chip
samples grading above 1 g/t Au, including sample TB-TM-007 at 13.12 g/t Au.
Set alongside historical grades at the adjoining Lotus deposit of up to 34.29
g/t Au across 1.5 m on file with the Manitoba Mines Branch, the Board
maintains a high level of confidence in the enlarged project."

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of the Market Abuse Regulation (EU) 596/2014 (UK MAR). Upon
publication of this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public domain.

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

 

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.

 

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