Gunsynd Plc said on Monday it will commence a 1,375-meter drilling program at the Eagle Lake gold project in Canada during the first half of September 2026, accelerating the timeline from the previously planned fourth quarter of next year.
The program, managed by Critical Discoveries Corp. and contracted to Rodren Drilling Ltd., will target 11 holes across four zones: East Fornieri Bay (4 holes), West Fornieri Bay (2 holes), Cedar Trench (4 holes), and Moss Knoll (1 hole). The expansion increases the scope from an initial 1,000 meters, with all permits and funding already secured.
Phase 1 channel sampling results released in July showed gold mineralization at multiple sites. East Fornieri Bay returned 1.85 meters at 7.17 grams per tonne gold, including a high-grade intercept of 0.50 meters at 24.40 grams per tonne. Cedar Trench yielded 5.70 meters at 1.26 grams per tonne, including 1.70 meters at 3.15 grams per tonne, while Moss Knoll recorded 8.00 meters at 0.67 grams per tonne, including 3.20 meters at 1.10 grams per tonne.
Gunsynd holds a 10% interest in the project, with Talon Resources Plc holding the remaining 90%. The drilling program follows earlier exploration work that identified multiple prospective zones at Eagle Lake.
