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Gungnir Resources Inc V.GUG

Alternate Symbol(s):  ASWRF

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.


TSXV:GUG - Post by User

Bullboard Posts
Post by largeinveston Aug 30, 2018 4:09pm
179 Views
Post# 28545119

GUG to GGI new discovery starts at surface

GUG to GGI new discovery starts at surfaceFirst have a look at the GGI core....

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and now have a look at GUG core...

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The mineralized zone was discovered within hole KN18-07, which was testing part of a newly identified 300-metre-wide electromagnetic (EM) conductor outlined in a ground geophysical survey completed by the company in 2017. The 209-metre-long hole cut a 120.6-metre interval of mineralized conglomerate starting at 1.3 metres below surface. Mineralization is hosted in a black (carbon bearing), matrix-supported, polymictic conglomerate with subangular to rounded clasts. Sulphide mineralization consists of predominantly pyrrhotite, lesser pyrite and some variably scattered chalcopyrite occurring as veins, stringers, disseminations, clast replacements, and locally semi-massive and narrow massive accumulations. The black matrix likely also contains appreciable, very fine-grained pyrrhotite as it is magnetic. Local sphalerite occurs in the conglomerate as well as in intercalated siltstone and in a potential barite vein.
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