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
  -0.0025p -6.25% 0.0375p 0.035p 0.04p 0.04p 0.0375p 0.04p 25,762,638 08:12:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -0.5 -0.1 - 1.41

Gunsynd PLC Sunshine Minerals Update

04/04/2017 4:17pm

UK Regulatory (RNS & others)

Gunsynd (LSE:GUN)
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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) Dow Jones Newswires

April 04, 2017 11:17 ET (15:17 GMT)

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