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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 SoreazzySamon Oct 17, 2021 8:22pm
152 Views
Post# 34016296

Most here dont even undferstand

Most here dont even undferstand
All the drilling in this program is drilling a defined mineralized zone already discovered.Its not about increasing the size but trying to understand te geology.......End of the day this deposit most likely sits another 50 years

oles LAP21-05 and -06 are part of the company's 15-hole phase 1 drill program covering a strike length of 140 metres across the Lappvattnet deposit. The goal of the program is to test the shallow western part of the deposit with a series of tight-spaced holes to better define the geometry of the mineralized zone. New drilling and assays are expected to be incorporated into future resource upgrades. The Lappvattnet deposit covers a strike length of about 700 metres. The sulphide zone dips steeply to the south and plunges shallowly to the east. The deepest vertical eastern part of the 2020 resource is less than 200 metres below surface. Drill density decreases considerably to the east.
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