Gungnir drills 33.15 metres of 0.98% nickel at Lappvattnet venture, Sweden

Gungnir Resources Inc. [GUG-TSXV; ASWRF-OTC; AMO-Berlin] reported extra nickel outcomes at its Lappvattnet nickel deposit in northern Sweden. Lappvattnet is positioned roughly one hour south of the foremost industrial centres of Boliden and Skelleftea the place mining and smelting are effectively established and the place a brand new battery manufacturing plant is beneath building.

Assays are for the rest of holes LAP21-05 and LAP21-06. Highlights embrace 33.15 metres grading 0.98% nickel, together with just lately reported high-grade higher portion grading 2.62% nickel over 5.65 metres in gap LAP21-05. Drill gap LAP21-06 returned 5.61% nickel over 0.85 metres inside a 5.0-metre interval grading 1.5% nickel. Assays are pending for eight extra drill holes.

Holes LAP21-05 and -06 are a part of a 15-hole part 1 drill program protecting a strike size of 140 metres throughout the Lappvattnet deposit. The objective of this system is to check the shallow western a part of the deposit with a collection of tight-spaced holes to raised outline the geometry of the mineralized zone.

New drilling and assays are anticipated to be integrated into future useful resource upgrades. The Lappvattnet deposit covers a strike size of about 700 metres. The sulphide zone dips steeply to the south and plunges shallowly to the east. The deepest vertical japanese a part of the 2020 useful resource is lower than 200 metres under floor. Drill density decreases significantly to the east.

Gungnir’s nickel sources in Sweden embrace Lappvattnet and Rormyrberget. In 2020, the corporate up to date each sources, which collectively whole 177 million kilos of nickel. The properties are accessible year-round with good transportation and industrial infrastructure together with transport services and are positioned about an hour drive from Boliden’s mill advanced.

Lappvattnet has Inferred Resources of 780,000 tonnes grading 1.35% nickel for 23.1 million kilos (10.5 million kilograms) of nickel. Rormyrberget has Inferred Resource of 36.8 million tonnes grading 0.19% nickel for 154 million kilos (70 million kg) of nickel.

Gungnir’s belongings embrace the Knaften venture, which hosts a creating intrusion-hosted gold system and volcanogenic large sulphide (zinc-copper) and copper-nickel targets, all of that are open for growth and additional discovery. East of Knaften, the corporate holds two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget.

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