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Gungnir Resources Inc V.GUG

Alternate Symbol(s):  ASWRF

Gungnir Resources Inc. is a mineral exploration company with base metal and gold permits in northern Sweden. The Company’s assets include two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, both with updated nickel resources, and the Knaften project which hosts a developing intrusion-hosted gold system, and VMS (zinc-copper) and copper-nickel targets. It also has Hemberget property to its Swedish property portfolio, a greenfield copper-nickel target. The Knaften project is situated at the south end of a regional structure known as the Gold Line or Knaften-Barsele Arc located within a prolific VMS region including the Skellefte Belt and VMS belts in Finland. The Lappvattnet and Rormyrberget nickel deposits are located in the eastern part of the Vasterbotten District, 60 kilometers (km) and 100 km respectively east of the Company’s Knaften gold exploration project. The Hemberget is located approximately six km north of Gungnir’s Knaften project within the broader Gold Line


TSXV:GUG - Post by User

Post by CrazyPropheton Nov 24, 2021 7:52pm
124 Views
Post# 34163742

Eagle East deposit was discovered in an undrilled area !

Eagle East deposit was discovered in an undrilled area !Nothing is over when your digging in the dirt until youv'e dug up every SQ inch !!!

Construction of the Eagle Mine, an underground nickel and copper mine, commenced in April 2010 and underground development began in September 2011. The Humboldt Mill was refurbished and the Eagle Mine achieved commercial production in November 2014. From 2002 to 2008, Rio Tinto drilled more than 50 holes in the Eagle East intrusion, ... ""identifying uneconomic, largely disseminated, mineralization""".

In June 2015, LMC announced the discovery of very high grade magmatic nickel-copper mineralization similar in style to the Eagle deposit, located approximately two kilometres east of the Eagle Mine. The Eagle East deposit was discovered in an undrilled area approximately 960 m deep.

Eagle East is a separate intrusion from the Eagle deposit that was previously known to contain uneconomic levels of nickel and copper in the upper portions. Previous drilling at Eagle East determined that at depth, the intrusion necks down to a narrow, barren dyke. Eagle geologists postulated that the narrow dyke should be sourced in a larger magma chamber and used directional drilling to trace the dyke, eventually resulting in the discovery.


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