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A video from InvestmentPitch Media describes an additional report by Gungnir Resources of a large scale sulfide drill intersection near the surface at the Lappvattnet nickel deposit in northern Sweden.

VANCOUVER, British Columbia, November 17, 2022 (GLOBE NEWSWIRE) — Gungnir Resources (TSXV:GUG) (OTCPink:ASWRF) (FSE:AMO1), a Canada-based mineral exploration company, has secured gold in northern Sweden. and base metal projects. continues to report the intersecting of large sulfide drills near the surface at his Lappvattnet nickel deposit in northern Sweden. To date, the company has drilled 30 holes for a planned 2022/23 program totaling 4,240 meters. It aims to upgrade and expand existing resources and is focused on defining a higher grade nickel shoot. wrap bat net.

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For more information, watch the InvestmentPitch Media video that provides additional information about this news and the company. You can watch the video at “”.investment pitch“When”Youtube”. If these links are not enabled, please visit the following URLs: www.InvestmentPitch.com Type “gungnir” in the search box.

The company has more than 500 analyzes awaiting this quarter through the first quarter of 2023. Once results are available and geological modeling is completed, further drilling plans for this highlighted area and future potential drilling plans along the strike are outlined. and plunge eastward.

A total of 16 holes from LAP22-16 to -31 were completed in the central part of the Lappvattnet deposit. Drilling was done along section lines 20 meters apart, typically two holes colored at different angles from a single drill setup to minimize the drilling footprint.

Fifteen of the 16 holes intersected sulfide mineralization with core lengths from <5 meters to 25 meters. All analyzes are pending in the central part of the main Lappvattnet deposit, with the exception of most of the hole LAP22-19, which cuts 9.0 meters of 2.35% nickel containing 5.66 meters of 3.02% nickel in the central part of the Lappvattnet resource. . .

The highlighted holes include LAP22-25 and LAP22-23, which were drilled 80 meters west and east of the LAP22-19 hole, respectively. Holes LAP22-25 are 51-76 meters downhole, cutting a 25-meter section of predominantly seeded sulfide mineralization, revealing large amounts of sulfide beneath variably mineralized peridotite units. Includes a 6 meter interval that includes 10 sections of the object. Hole LAP22-23, located 160m east of LAP22-25, drilled 14m intervals of primarily disperse sulfide starting within a 39m peridotite unit and drilled 44.2m of giant sulfide. Includes 1 meter slug. LAP22-23 is the most easterly drilled hole by Gungnir.

In addition to Lappvatnett, Gungnir’s nickel sulfide resource in Sweden also includes Lormilberget, both of which have year-round access, industrial infrastructure, including transport facilities, and a factory in Boliden. Located approximately 1 hour drive from the complex.

In 2020, the company renewed both resources of nickel totaling 177 million pounds. Lappvattnet has an inferred resource of 780,000 tonnes grading 1.35% nickel on 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 $0.09. 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 an additional report by Gungnir Resources of a large scale sulfide drill intersection near the surface at the Lappvattnet nickel deposit in northern Sweden.

Source link A video from InvestmentPitch Media describes an additional report by Gungnir Resources of a large scale sulfide drill intersection near the surface at the Lappvattnet nickel deposit in northern Sweden.

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