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Gungnir Resources Inc.
Summary
| Project: | Knaften | |
|---|---|---|
| Deposit: | Knaften | |
| Location: | Sweden | |
| Commodities: | Gold | |
| Date: | 10/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-10-2017: Gungnir Resources Inc. announces an Exploration/Drilling Update report for its Knaften deposit at the Knaften project. Drilling results incl. 10.75m @ 3.45g/t Au from 67.05m. Gungnir Resources Inc. (GUG: TSX-V, ASWRF: OTCBB) (“Gungnir” or the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jari Paaki (Internal) | |
| ABSTRACT: | Gungnir Resources Inc. (GUG: TSX-V, ASWRF: OTCBB) (“Gungnir” or the “Company”) is pleased to provide results from its recently completed Phase 1 drilling program at Knaften. "As relatively expected we confirmed near-surface gold mineralization in the area previously drilled at the Knaften 300 Gold Zone, but what we did not expect is drilling into new copper-nickel bearing sulphides on the property”, stated Gungnir’s CEO, Jari Paakki. "Not only do we have an excellent gold play, we now have copper-nickel targets at Knaften that could potentially add to our Sweden nickelcopper resources we already have (## historical resources of 70 million pounds of nickel). Now that we have completed a quick first pass, we plan to ramp-up drilling efforts in 2018 on both gold and base metals targets.” The Company is currently planning for the next phase of drilling at Knaften. On the gold side, step-out drilling to expand the Knaften 300 Gold Zone and wide-spaced drilling northwest and southwest along the regional magnetics break are being planned. For base metal targeting, ten electromagnetic conductors, many with very high conductivity, from Gungnir’s 2017 ground EM survey located immediately southwest and south of KN17-05 are being evaluated for drill testing. A 4,000 to 5,000 metre phase 2 drill program is warranted. | |
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