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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 woundedkneeon Mar 25, 2022 8:09am
105 Views
Post# 34544387

Every morning

Every morningThere seems to be a new poster ignore and this morning is no different.

My thoughts on why this stock is now trending down is that the second tranch was brokered, thus commissions have to be paid. Altius wasn't a part of the second tranch. As happy as I was regarding the initial investment, I'm a bit disappointed with the second. But that's water under the bridge and we move on..there will be much more nickel and we haven't yet updated our resouce from last years drill results. I'm in agreement with what another poster told me several weeks ago and that is once drilling starts we could be on our way to new highs. This is reflected in management's confidence that there is  more high grade nickel out there and hence they have committed 75% of their 2022 budget to drilling their two nickel properties..JMO  Still long and strong.
WK

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