Gunsynd (GUN ) has acquired a number of claims surrounding its Bear Twit project in Canada.
The expansion was achieved through claim staking via an agent, requiring only nominal claim fees with no additional vendor payments or ongoing obligations to a vendor.
The agent will hold the additional claims on trust for the benefit of the company until the transfer of the claims to a special purpose vehicle for the company.
"Gunsynd has increased its land package nearly five-fold, from 17,008 to 82,561 hectares,” said executive director Hamish Harris.
“Previous exploration has identified copper mineralisation in both rock samples and drill logs. Simultaneously, Rio Tinto has pegged 323,053 hectares on our doorstep, publicly targeting 85% of their exploration budget toward copper."
View from Vox
Good to see Gunsynd continuing active in and around its claims in Canada. The shares ticked up on the news, and that direction of travel could be maintained once Gunsynd starts to report on ongoing work on the Canadian ground.