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Gungnir Resources Inc.
Summary
| Project: | Knaften | |
|---|---|---|
| Deposit: | Knaften | |
| Location: | Sweden | |
| Commodities: | Gold-Zinc-Nickel-Copper-Silver | |
| Date: | 10/4/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-10-2018: Gungnir Resources Inc. announces an Exploration/Drilling Update report for its Knaften deposit at the Knaften project. Drilling results incl. 120.50m @ 0.24% ZnEq from 1.30m. Surrey BC – October 4, 2018 - Gungnir Resources Inc. (GUG: TSX-V, ASW | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jari Paaki (Internal) | |
| ABSTRACT: | Surrey BC – October 4, 2018 - Gungnir Resources Inc. (GUG: TSX-V, ASWRF: OTCPK) (“Gungnir” or the “Company”) is pleased to report that the Company has intersected additional long core lengths of sulphide mineralized conglomerate at Knaften in holes KN18-09 and -10, 230 metres and 120 metres respectively. Assay results received for hole KN18-07 along with a newly interpreted geological setting point to VMS (volcanogenic massive sulphide) related mineralization. The new target on the Knaften property is named Rodingtrask. Jari Paakki Gungnir’s CEO stated, “From initial results it looks like we have tapped into large mineralized halo indicative of a potentially very large hydrothermal system. After reviewing the first assays from hole KN18-07 and core from holes KN18-08, -09 and -10, there are several indicators of a VMS setting including characteristic VMS base metals, footwall chlorite alteration, widespread silicification and the presence of a potential marker “exhalite” horizon. As with almost all VMS systems, the prize is to locate the core of it targeting potential massive, high-grade mineralization.” Mr. Paakki continued, “Knaften is proving to be a true Swedish smorgasbord with three distinct targets on it: VMS related (Rodingtrask), intrusion-related gold (Knaften 300 Gold Zone) and a Cu-Ni magmatic sulphide target. With a significant hydrothermal system indicated at Rodingtrask, this target has been moved to the top of our list”. | |
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