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 > One more time…

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Comment by SoreazzySamon Oct 17, 2021 10:28pm

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RE:One more time…

You are correct but 154 million pounds of the resource is all very low grade "

Rormyrberget: inferred resource of 36.8 million tonnes grading 0.19 per cent nickel for 154 million pounds (70 million kilograms) of nickel;

This is why this project is doomed to be shelved for another 50 years.Hard to grow on size when its all been explored forever.Previous operators even dropped some shafts into the other higher grade deposit.....Economically its not feeasible.Sory to break it to you guys this way

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