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Gungnir Resources Inc.
Summary
| Project: | Knaften | |
|---|---|---|
| Deposit: | Knaften | |
| Location: | Sweden | |
| Commodities: | Gold | |
| Date: | 3/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-3-2017: Gungnir Resources Inc. announces an Exploration/Drilling Update report for its Knaften deposit at the Knaften project. Re-assay results on archived core incl. 13m @ 2.92g/t Au from 81.5m. Gungnir Resources Inc. (GUG: TSX-V, ASWRF: OTCBB) (“Gung | |
| 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 report results of initial confirmation sampling at its recently acquired Knaften property extension in Sweden. Gungnir’s assays from drill core returned 2.92 g/t Au over 13 metres and spot assay checks confirm highly anomalous gold mineralization within broad zones of highly altered rocks two kilometres away. Jari Paakki, CEO of Gungnir comments, “Today’s results support historic data and show that gold mineralization occurs over significant widths, as well continues to demonstrate the potential size of the gold mineralizing system at Knaften which extends several kilometres both north and south of the area of focused historic drilling.” The Company viewed several drill holes archived at the SGU (Swedish Geological Survey) core facility in Mala Sweden. The gold mineralized zone is visually very distinct with disseminated sulphides (mainly arsenopyrite) throughout. Drill hole 2007-07 was one of the only complete core sections of mineralization available for resampling. Assays for drill hole 2007-07 returned 2.92 g/t Au over 13 m starting a down hole depth of 81.5 m. The original reported original assay interval for 2001-07 was 3.2 g/t Au over 10 metres (83.5 to 93.5m). True widths of the drill hole intersections reported cannot be determined from the information available. | |
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