("Gunsynd" or the "Company")
New Investment - Aberdeen Minerals
Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce that it has invested
The investment in
Gunsynd's investment is a part of a
· Gunsynd will hold approximately 2.75% of the issued share capital of
· Immediately following this capital raising
· Subject to the approval by
o diamond drilling programme at the flagship Arthrath Project
o downhole geophysics
o development of its land portfolio
o general exploration and working capital requirements.
· For the year ended 31 March 2022,
About Aberdeen Minerals Ltd:
North East Scotland is a district scale opportunity for nickel-copper-cobalt sulphide exploration, which has attracted major mining companies - including Rio Tinto and Inco - in past decades to this part of
At Arthrath, a historical estimate of 17 million tonnes grading 0.21% Ni and 0.14% Cu (not JORC compliant; see Note 1 below) has been reported at one of several mineralized zones on only a small portion of a 7 kilometre feeder dyke structure which remains largely untested by effective drilling.
More information can be found on
Peter Ruse, a director of Gunsynd, commented: "Gunsynd is pleased to have the opportunity to add this exciting Nickel, copper and cobalt exploration company to its portfolio.
Tonnage and grade estimates are historical in nature, uncertain and have not been reported in accordance with the JORC Code (2012).
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.
For further information please contact:
Hamish Harris/ Peter Ruse
+44 (0) 78 7958 4153
Cairn Financial Advisers LLP
James Caithie / Liam Murray
+44 (0) 20 7213 0880
Peterhouse Capital Limited
+44 (0) 20 7469 0936