Business
Investee Company update – Aberdeen Minerals Ltd
Investee Company update – Aberdeen Minerals Ltd.
About this update from Gunsynd Plc
[{"type":"text","content":"\n\nGunsynd Plc\n(\"Gunsynd\" or the \"Company\")\nInvestee Company update - Aberdeen Minerals Ltd\n \n \n \nGunsynd Plc (AIM: GUN) is pleased to announce recent updates from its investee company Aberdeen Minerals Limited (\"Aberdeen\"), a UK based Nickel-Copper exploration company.\n \nDrilling program is underway at Arthrath Central within the Arthrath Project. Following the completion of the equity fundraise, Aberdeen commenced its next round of drilling at Arthrath as part of its mineral exploration programmes for deposits of nickel, copper and cobalt in North East Scotland.\n \nTwo rigs were mobilised to the site on 10 July 2024. This current campaign will see 2,650 metres of core drilling over six holes between July and September 2024, as the first stage of an overall 6,300 metre program.\n \nThe aim of the current six hole program is to explore deeper within the large Arthrath conduit-related sulphide system and test the potential for massive sulphide deposits in a geological setting which appears to be comparable to several global nickel sulphide orebody analogues.\n \nThe new program includes two relatively shallow holes (220 and 300 metres in length) into untested parts of the deposit to provide geological control, and four deep, widely spaced, angled holes (500 to 550 metres in length) designed to test the deeper geology along the current strike extent of the sulphide system. Borehole EM geophysical surveys will be carried out on all holes. Borehole EM (\"BHEM\") is used routinely in nickel sulphide exploration to detect and model bodies of more conductive, higher grade sulphides which may occur away from the borehole being tested.\n \nDrilling has been positive so far with good levels of sulphide and net sulphide textures intersected in the two shallower holes, which have tested the southern part of the deposit in areas where there was no / limited historical drilling.\n \nThe second stage of the overall program will comprise a further 3,650 metres of planned drilling, scheduled for late 2024 / early 2025 with objectives to be confirmed by the results of the current round.\n \nGunsynd holds 2,000,000 ordinary shares in Aberdeen which were acquired for £150,000.\n \nGunsynd looks forward to providing regular updates on future results provided by Aberdeen in relati...