Gunsynd showcases latest drill results from investee company Aberdeen Minerals
Gunsynd PLC () has received an operational update from Aberdeen Minerals Limited, a UK-based nickel-copper exploration company, in which it holds two million shares, acquired for £150,000.
Aberdeen has been drilling at its Arthrath project in Scotland, and has now received assay results.
These results delivered the combined thickest and highest-grade intersections seen at Arthrath to date.
In addition, downhole geophysics has indicated that that there could be significant upside at depth.
The next drill program will vector in on the grade and conductivity signals which to date have been consistent indicators of higher sulphide saturation and higher metal content.
Aberdeen’s drilling intercepted the hypothesised sulphide trap feature, and encountered a build-up of sulphide minerals, as predicted.
Hole AR011DD hit 33 metres of 0.6% nickel and 0.3% copper, amounting to 0.8% nickel equivalent or 1.4% copper equivalent, from 199 metres downhole.
This is the most continuous zone of net-textured sulphides intersected to date, and included multiple shorter intercepts of semi-massive to massive sulphides at or around 1% nickel.
The trap is a "perched" floor zone, which occurs much higher in the conduit system than would normally be expected, giving confidence that more intensive sulphides should be developed at deeper levels.
Another hole, AR013DD, 140 metres north of 2023 deep hole AR007DD, hit 22 metres grading 0.5% nickel and 0.3% copper, or 0.8% nickel equivalent or 1.3% copper equivalent.
No country rocks were intersected, meaning that the floor zone of the intrusion, where massive sulphides are predicted to accumulate, remains untested.
Based on these key results, combined with the other assays and borehole geophysics data, Aberdeen's technical team has identified the depth extension at the north end of the deposit as a high priority target for scalable deposits of high grade, feeder zone sulphides.
Aberdeen had £2.5 million cash in bank as at 31 December 2024, and the company continues to take a disciplined approach to expenditure and maximise "in the ground" investment.
View from Vox
Aberdeen has a solid, experienced and down-to-earth management team, that’s well-known in UK mining circles. That it’s making progress comes as no surprise, but what is nice to see is a serious metals project taking shape inside the UK. That should attract further attention from local investors in due course, and could provide Gunsynd with significant upside.
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