Business
Update on Barb Project
Gunsynd Plc is commencing its summer work program at the Barb Gold Project in Manitoba by mid-June 2026, which will include rock chip sampling on newly acquired claims and an Induced Polarisation geophysical survey to aid drill targeting. Historical grades at the Lotus deposit, now part of the project, show significant potential with documented figures of 34.29 g/t Au across 1.5 m and 22.49 g/t Au. Discussions with the local First Nations community regarding exploration activities are ongoing. Disclaimer*
About this update from Gunsynd Plc
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 ...