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Gungnir Resources Inc.
Summary
| Project: | Knaften | |
|---|---|---|
| Deposit: | Knaften | |
| Location: | Sweden | |
| Commodities: | Gold | |
| Date: | 10/2/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-10-2019: Gungnir Resources Inc. announces an Exploration/Drilling Update report for its Knaften deposit at the Knaften project. Drilling results incl. 4.25m @ 14.07g/t Au from 138.75m. Surrey, BC – October 2, 2019 - Gungnir Resources Inc. (GUG: TSX-V, A | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jari Paakki (Internal) | |
| ABSTRACT: | Surrey, BC – October 2, 2019 - Gungnir Resources Inc. (GUG: TSX-V, ASWRF: OTCPK) (“Gungnir” or the “Company”) is pleased to announce a new, high-grade gold discovery at Knaften. Assay results include 59.6 g/t Au (1.92 opt Au) over 1.0 m (3.28 ft) within the newly discovered Lower Zone at the Knaften 300 Gold Zone (“Knaften 300”). Jari Paakki, Gungnir’s CEO, "With discovery of high-grade gold and the predictability of the Knaften 300 mineralized zones, we have now moved this target to the top of our list. We believe we have a great chance for further discoveries down-dip and to potentially find additional stacked zones at depth. We eagerly await further assays from our 2019 drill program.” Knaften 300 consists of two shallow-dipping, sub-parallel arsenopyrite mineralized zones (Upper and new Lower Zone). Zones vary in core length from about 3 to 8.5 metres and now extend down-dip for close to 250 metres and are open for expansion. Intersections start just 60 metres below surface. With a working thrust-fault model, there is a possibility of additional stacked zones (mineralized thrust faults) at depth and in the western part of the Knaften property. Results have been received for holes KN19-06 and -07 and are highlighted by high-grade gold mineralization in hole KN19-06. The high-grade gold occurs within a 4.25-metre wide Lower Zone defined by disseminated arsenopyrite and minor amounts of chalcopyrite. Assays for three more holes (KN19-08, -09 and -10) are pending. | |
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