VANCOUVER, British Columbia, Sept. 16, 2022 (GLOBE NEWSWIRE) — Gungnir Resources (TSXV:GUG) (OTCPink:ASWRF) (FSE:AMO1) is a Canada-based mineral exploration company that has a gold mine in northern Sweden. and base metal projects. report an impressive drilling interception of large amounts of sulphides from continued drilling at the Lappvattnet nickel deposit. Hole LAP22-19 was drilled in section 16E of the sparsely drilled central portion of the Lappvattnet resource.
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280 meters east of Hall LAP21-05, 2.62% nickel was analyzed over 5.65 meters at 14.0 meter intervals and 1.40% nickel was assessed. Graded 1.51% nickel at 10.4 meter intervals, both reported in 2021.
The 195-meter hole, drilled at a minus 75-degree dip, is part of ongoing and systematic drilling of the Lapvatnet nickel deposit, aimed at upgrading and expanding the existing resource, and We are focused on defining high grade nickel. shoot. Visually, the highest mineralization of Hall LAP22-19 occurs in Box 9. Box 9 consists of massive, semi-massive, reticulated, veined, and seeded sulfides extending about 64-75 meters. To date in 2022, the company has drilled a total of approximately 2,800 meters in 18 holes, with analysis continuing from hole LAP22-10 onwards.
Gungnir’s nickel sulfide resources in Sweden include Lappvattnet and Rormyrberget, both accessible year-round with industrial infrastructure, including good transport and shipping facilities, and about an hour’s drive from the Boliden mill complex. I have. In 2020, the company renewed both resources of nickel totaling 177 million pounds. Lappvattnet has an estimated resource of 780,000 tonnes which he grades 1.35% nickel against 23.1 million pounds of nickel. Rormyrberget has an inferred resource of 36,800,000 tonnes grading 0.19% nickel to 154 million pounds of nickel.
The company’s Knaften project hosts interstitial-hosted gold systems, VMS (zinc-copper) and copper-nickel targets under development, all open for expansion and further discovery. The company recently added the Hemberget property to its portfolio, which covers an 11 km long gabbro-carbide intrusion, a greenfield copper-nickel target.
The stock is trading at $0.11. For more information and to view company presentations and technical reports, please visit his website at the company. www.GungnirResources.comemail CEO Jari Paakki. [email protected] or Chris Robbins, CFO 604-683-0484 or email [email protected].
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A video from InvestmentPitch Media describes Gungnir Resources’ report of an impressive drilling interception of large amounts of sulfide from continued drilling at the Lappvattnet nickel deposit in northern Sweden.Canadian Business Journal
Source link A video from InvestmentPitch Media describes Gungnir Resources’ report of an impressive drilling interception of large amounts of sulfide from continued drilling at the Lappvattnet nickel deposit in northern Sweden.Canadian Business Journal