Gunsynd reports exploration progress at Bear-Twit
By Josh White
Date: Monday 09 Dec 2024
(Sharecast News) - Gunsynd reported significant progress at its Bear-Twit VMS project in Canada on Monday, where recent analysis of historical data revealed extensive high-grade zinc mineralisation alongside promising new exploration targets.
The AIM-traded firm said that at the REV showing, 10 kilometres northeast of the Bear-Twit deposit, drilling and surface sampling returned outstanding results.
Drillhole RM-1 intersected 21.34 metres at 9.27% zinc from 1.52 metres depth, including a high-grade section of 12.19 metres at 15.23% zinc.
Surface bulk sampling further confirmed exceptional grades, with results reaching up to 11.60% zinc.
The company said the mineralisation remained open at depth, underscoring the prospect's untapped potential.
Additional targets across the Bear-Twit project included the Waterfall, Big Cirque, and Esau's Fault showings.
The Waterfall showing yielded zinc grades as high as 8.44% alongside lead grades of up to 3.26% in breccia-hosted mineralisation.
At Big Cirque, sampling along a strike length of several thousand feet revealed zinc grades of up to 5.88% and lead grades of 2.84%.
Meanwhile, Esau's Fault, though lower grade with an average of 0.65% zinc, provided further evidence of a highly fertile zinc environment.
The Bear-Twit deposit itself offered additional exploration upside, with historical soil geochemistry surveys identifying anomalies in areas upslope and across a river from the deposit, indicating potential extensions to known mineralisation.
Gunsynd said the anomalies, which had not yet been followed up, suggested the presence of further mineral occurrences beyond currently defined zones.
Looking ahead, Gunsynd outlined a comprehensive exploration programme for 2025.
That included confirmatory rock and channel sampling at key targets, detailed geological mapping to locate high-grade feeder zones, and targeted exploration of the newly-identified soil anomalies.
The company said it also planned to use ground geophysics, such as gravimetry, to refine its drill targets and enhance its understanding of the mineralization.
At 0848 GMT, shares in Gunsynd were down 8.82% at 0.1p.
Reporting by Josh White for Sharecast.com.
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