|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|Gunsynd||LSE:GUN||London||Ordinary Share||GB00B4WKYH05||ORD 0.01P|
|Price Change||% Change||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)|
Gunsynd PLC Sunshine Minerals Update
UK Regulatory (RNS & others)
RNS Number : 5763B
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:
+44 (0) 20 7440 0640
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
This information is provided by RNS
The company news service from the London Stock Exchange
(END) Dow Jones Newswires
April 04, 2017 11:17 ET (15:17 GMT)
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