Gunsynd PLC Sunshine Minerals Update (5763B)
04 April 2017 - 5:17PM
UK Regulatory
TIDMGUN
RNS Number : 5763B
Gunsynd PLC
04 April 2017
Gunsynd plc ("Gunsynd" or the "Company")
Sunshine Minerals Update
Gunsynd Plc (AIM: GUN, NEX: GUN) is pleased to announce an
update in respect of Sunshine Minerals Ltd ("Sunshine"), a company
in which it holds a 10% interest. Sunshine has now received a land
user agreement for its Tausere bauxite deposit licence. The Tausere
bauxite deposit is a non resource defined early stage exploration
asset over a 510km(2) tenement area with 3 target areas. Historical
assay results show average bauxite geochemistry of 42% and a
possible total inferred resource (resource for which there is
insufficient data to confirm its continuity) in the prospecting
licence area of 288,228,000 tons.
Hamish Harris, the Company's Executive Chairman, commented:
"We are very pleased that Sunshine has been able to obtain a
land user agreement that was required in conjunction with the
prospecting licence it has already acquired. Sunshine is now in a
position to commence validating the resource. We also expect to
hear back shortly with respect to the Jejevo licence for which a
land user agreement is already in place"
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
The directors of Gunsynd accept responsibility for this
announcement.
For further information please contact:
Gunsynd plc
+44 (0) 20 7440 0640
Hamish Harris
Nominated Adviser/NEX Exchange Corporate Adviser
+44 (0) 20 7213 0880
Cairn Financial Advisers LLP
James Caithie / Liam Murray
Peterhouse Corporate Finance (Joint Broker)
+44 (0)20 7469 0930
Lucy Williams
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEZLFBDZFFBBZ
(END) Dow Jones Newswires
April 04, 2017 11:17 ET (15:17 GMT)
Gunsynd (AQSE:GUN)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Gunsynd (AQSE:GUN)
Historical Stock Chart
Von Jul 2023 bis Jul 2024