11th Jul 2024 21:25
Gunsynd PLC - London-based investment company - Enters into legally binding term sheet with Pinwheel Resources Ltd under which the company will enter into a farm-in agreement at Pinwheel's Falcon Lake and Bear Twit VMS projects located in Nunavut and Northwest Territories, Canada respectively. Under the agreement Gunsynd will contribute GBP100,000 annually for two years toward work commitments. The contribution will be paid in part through the issuance of 150,000 shares priced at 0.13 each, with the remaining to be paid in cash. Historic samples at Falcon lake show up to 8.9% copper and over 300 parts per million uranium. On Bear Twit, it notes: "Previous work on the licence area is limited, however a small-scale diamond drilling programs in the 1970s identified a well-mineralised system." Read More