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Gungnir Resources Inc V.GUG

Alternate Symbol(s):  ASWRF

Metals & Mining Gold
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

Gungnir Resources Inc > TSXV-Listed Gungnir Resources Edges Up As It Readies
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Post by tickerhiton Jun 04, 2020 12:10pm
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Post# 31111988

TSXV-Listed Gungnir Resources Edges Up As It Readies

TSXV-Listed Gungnir Resources Edges Up As It Readies
 Drilling at Knaften Gold Project in Sweden
2020-06-04 11:23:45 AM ET (MT Newswires)
   
   

11:23 AM EDT, 06/04/2020 (MT Newswires) -- Gungnir Resources (GUG.V) edged higher after the company said it will resume exploration drilling at its Knaften gold project in Sweden on June 15.

The company said it plans to target the Knaften 300 Gold Zone with the drilling after 2019 exploration at the target showed gold values as high as 59.6 grams per tonne.

"We are very excited to re-start drilling at Knaften 300 where last year we tested a new thrust fault model and successfully hit two stacked gold zones in each of the five holes we drilled across 200 metres, including discovery of a new lower zone with high-grade gold," chief executive Jari Paakki said in a release.

The company said it plans 1,200 meters of drilling in Knaften 300 and well test a step out hole a kilometer away from its original find.

Gungnir shares were last seen up C$0.005 to C$0.07 on the TSX Venture Exchange.

Price: 0.07, Change: +0.01, Percent Change: +7.69

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