GUG has a sound management team with experience Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company (TSX-V: GUG; OTCPK: ASWRF) focused on discovery in mineral-rich Sweden. Gungnir has a sound management team and board with extensive experience and proven success in mineral exploration, and importantly, expertise in Sweden.
The Company holds gold and base metal exploration permits in Sweden’s prolific Vasterbotten District which hosts 12 million ounces of gold delineated in existing and mined resources plus several past-producing and producing volcanogenic massive sulphide (VMS) base metal mines.
The Company’s focus is on advancing key gold and nickel assets:
- The Knaften project located at the south end of the “Gold Line” (Knaften-Barsele Arc) which hosts a number of gold deposits including Faboliden and Svartliden, and the Barsele Gold-VMS project
- Two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, which collectively contain 177 million pounds of nickel in inferred resources based on NI43-101 resource estimates commissioned by Gungnir in 2020
Since commencing drilling in Sweden in 2017, Gungnir has made several new discoveries and announced significant developments including discovery of a potentially sizeable intrusion-related gold system (Knaften 300), discovery of a new volcanogenic massive sulphide (VMS) zinc-copper base metal target and discovery of a new copper-nickel target, all located on the Knaften project, and has continued to advance its nickel assets.
Why Sweden? Sweden is the leading mining nation in Europe and has received high institute rankings as a top country in the world for exploration and mining. Mining is a traditional industry in Sweden which extends back over a thousand years. Sweden covers part of the Fennoscandian shield, a mineral rich but highly underexplored region. Sweden continues to offer excellent ore discovery potential, in particular under glacial till (sand and gravel) which covers large areas of Sweden.