Gungnir Resources Inc V.GUG

Alternate Symbol(s): ASWRF

Metals & Mining Industrial Metals & Minerals

Gungnir Resources Inc. is a Canadian mineral exploration company with gold and base metal projects in northern Sweden. The Company’s assets include two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, both with updated nickel resources, and the Knaften-Hemberget project, which hosts a developing intrusion-hosted gold system, VMS-style mineralization, copper-nickel targets, and disseminated felsic volcanic breccia-hosted gold boulders all of which are open for expansion and further discovery. The Lappvattnet and Rormyrberget nickel deposits are located along the Nickel Line in the eastern part of the Vasterbotten District, approximately 60 kilometers (km) and 100 km, respectively, east of the Company’s Knaften gold exploration project. The Knaften project is situated at the south end of a regional structure known as the Gold Line. Hemberget is located approximately six km north of the Knaften project within the broader Gold Line along with Knaften.

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Gungnir Resources Inc

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Post by djgton Feb 02, 2010 5:06pm

487 Views

Post# 16745463

Nice entry point

I've been following this story since June 2009 when they announced grab samples of 75+ oz/ton. Yeah I know its just a grab sample but considering that they have taken over an old mine (look at SGR!!!), are drilling below the old 257 level (see Red Lake camp!!!) and have enxtended their property range (look at SGR!!!) I think there is the making of a big story here. Granted, its gonna take time but with the long term outlook I have on gold, this could be a real winner in the next couple years.

Cheers,
djgt
aka Chris Weber

P.S. Get my FREE Weber's Web newsletter by emailing webersweb@northwestel.net

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