InvestmentPitch Media Video Discusses Gungnir Resources’ Report of Impressive Drill Intercept of Massive Sulphides from Continuing Drilling at its Lappvattnet Nickel Deposit in Northern Sweden
16 Septiembre 2022 - 5:00AM
Gungnir Resources (TSXV:GUG) (OTCPink:ASWRF) (FSE:AMO1), a
Canadian-based mineral exploration company with gold and base metal
projects in northern Sweden, has reported an impressive drill
intercept of massive sulphides from continuing drilling at its
Lappvattnet nickel deposit. Hole LAP22-19 was drilled on Section
16E in the sparsely drilled central part of the Lappvattnet
resource.
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It was 280 metres east of Hole LAP21-05, which
assayed 2.62% nickel over 5.65 metres within a 14.0-metre interval
grading 1.40% nickel, and 320 metres east of Hole LAP21-02, which
assayed 3.19% nickel over 4.25 metres within a 10.4-metre interval
grading 1.51% nickel, both reported in 2021.
The 195-metre hole, drilled at a dip of -75
degrees, is part of the continuing, systematic drilling of the
Lappvattnet nickel deposit, with the goal of upgrading and
expanding the existing resource, and a focus on defining further
high-grade nickel shoots. Visually, the best mineralization in Hole
LAP22-19 occurs in Box 9, which consisted of massive, semi-massive,
net-textured, veined, and disseminated sulphides, extending from
about 64 to 75 metres. To date in 2022, the company has drilled a
total of approximately 2,800 metres in 18 holes with assays results
to follow from drill hole LAP22-10 onward.
Gungnir’s nickel sulphide resources in Sweden
include Lappvattnet and Rormyrberget, with both accessible
year-round with good transportation and industrial infrastructure
including shipping facilities and are located about an hour drive
from Boliden’s mill complex. In 2020, the company updated both
resources which collectively total 177 million pounds of nickel.
Lappvattnet has an Inferred Resource of 780,000 tonnes grading
1.35% nickel for 23.1 million lbs of nickel. Rormyrberget has an
Inferred Resource of 36,800,000 tonnes grading 0.19% nickel for 154
million lbs of nickel.
The company’s Knaften project hosts a developing
intrusion-hosted gold system, and VMS (zinc-copper) and
copper-nickel targets, all of which are open for expansion and
further discovery. The company has also recently added the
Hemberget property to its portfolio which covers an 11 km long
gabbro-ultramafic intrusion, a greenfield copper-nickel target.
The shares are trading at $0.11. For more
information, and to view the company’s presentation and Technical
Report, please visit the company’s website,
www.GungnirResources.com, contact Jari Paakki, CEO, by email at
jpaakki@eastlink.ca or Chris Robbins, CFO at 604-683-0484 or email
robbinscr@shaw.ca.
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