Gunsynd Plc Reports Multi-Element Assay Outcomes from High-Grade Barb Gold Project in Manitoba

Phase 1 Field Program Completion and Multi-Element Assay Dataset

Gunsynd engaged Critical Discoveries to execute the Phase 1 Summer Field Program focusing on the Lotus and Betty Shaft areas of the Barb Gold Project. The program involved grab sampling and mineralisation characterisation of these prospects. Following earlier reported high-grade gold assay results, the company has now received multi-element geochemical assay data for the 59 rock samples collected during this fieldwork. This dataset offers critical geochemical insights to assist mineralisation characterisation and supports ongoing interpretation of the Barb Project.

The release of these multi-element results follows the company’s 25 June 2026 announcement disclosing initial gold assay data. Transitioning from gold-specific assays to a comprehensive multi-element geochemical dataset aligns with standard exploration workflows, enabling a fuller understanding of the mineralisation system. These multi-element results complement previously reported gold assays, which ranged from 0.008 g/t to 489 g/t Au, with 35 samples above 1 g/t, 23 above 5 g/t, and 3 exceeding 100 g/t Au.

Lotus Showing Highlights Exceptional Gold Grades with Strong Pathfinder Elements

The Lotus Showing stands out as a key area within the Barb Gold Project. Grab samples here returned gold values up to 489 g/t Au, with visible gold identified in 12 samples collected during Phase 1. Five samples surpassed 80 g/t Au, indicating consistent high-grade mineralisation across multiple locations. The highest-grade sample (758380) assayed 489 g/t Au alongside 33.9 g/t Ag and pathfinder elements of 0.462% Bi and 0.254% Te, demonstrating strong geochemical signatures linked to the gold system.

Multi-element assay data from Lotus reveals important geochemical associations: sample 758387 returned 230 g/t Au with 7.13 g/t Ag, and sample 758360 assayed 165 g/t Au with elevated copper (40.1 ppm) and arsenic (24.6 ppm). Other high-grade samples included 758390 (86.6 g/t Au) and 758397 (84.3 g/t Au). These findings show that high-grade gold mineralisation at Lotus consistently associates with elevated bismuth and tellurium, indicating specific mineralisation processes favourable for gold deposition. The visible gold presence in multiple samples offers direct geological evidence of strong mineralisation warranting further study.

Betty Showing Characterised by Copper and Arsenic Mineralisation Associations

The Betty Showing exhibits a distinct but complementary mineralisation signature compared to Lotus. Grab samples from Betty Shaft returned gold values up to 27.2 g/t Au, with seven samples exceeding 5 g/t Au and four above 10 g/t Au. The highest-grade sample (758317) assayed 27.2 g/t Au and was notably associated with 53.9 g/t Ag, 9,070 ppm Cu (0.907% Cu), and elevated arsenic at 6.18%. This geochemical profile suggests a different mineralisation style than Lotus, though both areas confirm high-grade gold mineralisation within the Barb Project.

Multi-element data from Betty shows strong copper and arsenic associations with gold. Sample 758306 returned 15 g/t Au with an exceptional copper concentration of 105,000 ppm (10.5% Cu), the highest copper value in the dataset. Sample 758324 assayed 10.1 g/t Au with 1,380 ppm Cu and 17.3% arsenic, while sample 758316 returned 7.74 g/t Au with 18.1% arsenic, the highest arsenic level recorded. Photographic evidence documents sulphide mineralisation including tetrahedrite and chalcopyrite, indicating gold mineralisation hosted within polymetallic sulphide assemblages. This differs from Lotus’s bismuth and tellurium associations, suggesting varied mineralisation processes or styles within the broader Barb system.

Strong Au-As-Bi-Te Geochemical Signature Across the Project

The multi-element assay results reveal a robust geochemical signature characteristic of the Barb gold system, specifically an Au-As-Bi-Te ± Cu signature. High-grade gold values up to 489 g/t Au are accompanied by elevated pathfinder elements including 0.462% Bi, 0.254% Te, copper up to 10.5%, and arsenic reaching 18.1%. These pathfinder elements are typically linked to particular gold mineralisation styles and assist exploration teams in identifying zones likely to host additional high-grade mineralisation.

The identification of this geochemical signature informs the company’s exploration strategy. Pathfinder elements such as bismuth, tellurium, and arsenic are often enriched in epithermal or mesothermal gold systems and indicate proximity to ore-grade mineralisation. Their consistent presence across multiple high-grade samples suggests they can guide exploration in unsampled or undrilled areas. This multi-element data will support ongoing interpretation and help refine drill targeting for future exploration phases, providing a more comprehensive understanding than gold assays alone.

Grab Sampling Approach and Distribution of High-Grade Samples

Grab sampling, used during Phase 1, is a reconnaissance technique common in early-stage exploration for identifying mineralised zones and assessing mineralisation style and grade. Fifty-nine rock samples were collected from surface exposures in the Lotus and Betty Shaft areas. The widespread distribution of high-grade samples within each showing suggests a broad mineralisation system rather than isolated high-grade pockets. At Lotus, the clustering of high-grade samples indicates a coherent mineralisation body with consistent grades.

Visible gold in 12 Lotus samples is a significant indicator of mineralisation strength, as surface visible gold often correlates with elevated grades at depth. Photographic evidence showing visible gold in samples ranging from 15.5 g/t to 489 g/t Au confirms mineralisation authenticity and strength. The distribution of assay results, with Lotus producing higher individual grades and Betty showing stronger copper and silver associations, implies multiple mineralisation styles or zones within the Barb Project. This geological complexity supports the potential for systematic drilling.

Pathfinder Element Concentrations Enhance Geological Insights

The multi-element dataset highlights key pathfinder elements of geological significance. Bismuth up to 0.462% and tellurium up to 0.254% are notably elevated and commonly associated with epithermal or mesothermal gold systems. These elements often concentrate in distal mineralisation zones or specific ore styles, offering clues about mineralisation nature and depth. The strong pathfinder geochemistry accompanying high-grade gold suggests a genetic link to the gold mineralisation process.

Arsenic values reaching 18.1% in Betty samples indicate specific mineral associations, as arsenic commonly occurs in arsenopyrite and other arsenic-bearing sulphides linked to gold deposits. Copper reaching 10.5% Cu in sample 758306 suggests polymetallic or copper-gold mineralisation potential. Silver values up to 53.9 g/t Ag indicate the mineralisation includes economically relevant precious and base metals. Collectively, the data suggest the Barb Project may host polymetallic mineralisation with multiple elements of economic interest.

Utilising Geochemical Data for Future Drill Targeting and Exploration

The company plans to integrate multi-element geochemical data with geological mapping and structural interpretation to refine drill targeting, likely advancing to diamond drilling to test mineralisation at depth. The robust geochemical signatures identified in grab samples provide a foundation for developing a drilling program to assess mineralisation continuity and grade below surface. Clear pathfinder element associations enable prioritisation of areas with strongest geochemical signals, potentially enhancing exploration efficiency.

This announcement signals a transition from reconnaissance surface sampling toward focused exploration. Characterisation of mineralisation styles at Lotus and Betty, combined with pathfinder element identification, supports geological models guiding drilling depth, location, and orientation. The multi-element dataset, visible gold observations, and spatial distribution of high-grade samples allow targeting of areas with greatest economic mineralisation potential. This integration represents a logical progression in exploration development.

Technical Review and Qualified Person Approval

Justin Krysanski, a Professional Geoscientist registered with Engineers Geoscientists Manitoba, reviewed and approved the technical information in this announcement. Appointment of a qualified person is required under the AIM Note for Mining, Oil and Gas Companies, providing investor assurance that technical data has undergone independent professional review. Mr. Krysanski’s credentials lend credibility to the technical interpretation and approval of these results.

His qualified person statement confirms sufficient experience relevant to the mineralisation styles and deposit types considered, meeting regulatory standards. This professional review offers investors confidence that assay results, multi-element data, and technical descriptions have been assessed by an appropriately qualified expert, ensuring accuracy and completeness. External qualified person involvement is standard in junior mining exploration to independently verify technical claims.

Barb Project Location and Exploration Context in Manitoba

The Barb Gold Project is situated in Manitoba, Canada, a well-established mining jurisdiction with a rich history of mineral exploration and production. Manitoba has yielded significant gold resources and remains an active exploration region with multiple operating and development-stage mines. The Barb Project’s location within this mining district may offer benefits including infrastructure, local expertise, and regulatory familiarity. While specific project area, claim holdings, or proximity to existing mines are not detailed, identification of two prospect areas (Lotus and Betty Shaft) indicates multiple mineralisation targets.

Exploration progression from reconnaissance grab sampling to multi-element geochemical characterisation aligns with standard workflows for early-stage projects in established mining regions. Engagement of specialists like Critical Discoveries for sampling and analysis reflects professional exploration practices advancing the project toward potential drilling. The announcement does not mention exploration permits, community engagement, or environmental assessments, though these are typical considerations in Canadian mineral exploration.

Investment Considerations and Early Exploration Stage Status

Gunsynd is an exploration-stage company with the Barb Gold Project at an early development phase. Such companies typically lack mining revenue and rely on capital financing to fund exploration. Moving from surface sampling to potential drilling shows project advancement, but significant further work, investment, and positive outcomes are needed before mine development prospects. Investors should note these results indicate positive exploration signs but do not confirm a mineable resource or economic viability.

High-grade gold values and a robust geochemical system may attract investors interested in exploration-stage gold projects. However, grab samples represent surface point samples and do not provide information on mineralisation extent, tonnage, or grade at depth. Visible gold and high-grade surface samples are encouraging but resource confirmation requires systematic drilling and analysis. The company’s next steps, including applying refined geological models to plan drilling, represent logical exploration progress, though success cannot be assured from surface results alone.