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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

Post by drillcorejunkieon Sep 14, 2020 1:41pm
216 Views
Post# 31553521

The Problem With Sweden

The Problem With Sweden
Sweden has no shortage of opportunities for mineral discoveries and Gungnir may indeed hit something in Knaften. The problem is that the permitting process in developing a resource, whether it be gold or nickel, has become so onerous that larger mining companies are just giving up. The CEO of Boliden, Sweden's largest miner, said in the last view weeks that the company was going to focus on opportunities outside of Sweden because of the chaotic, slow and bureaucratic state of mining oversight by the government.

With the Green Party in the current government coalition, I doubt that is about to change any time soon.

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