- Gungnir (GUG) is reporting more massive sulphides from ongoing drilling in Sweden
- The finding stems from hole LAP22-19 at the Lappvattnet nickel deposit with assays pending
- Previous intersections roughly 300 m from LAP22-19 include 3.19 per cent nickel over 4.25 m and 2.62 per cent nickel over 5.65 m
- Gungnir Resources is a mineral exploration company with gold and base metal projects in northern Sweden
- Gungnir (GUG) is up by 71.43 per cent trading at $0.12 per share
Gungnir (GUG) is reporting more massive sulphides from ongoing drilling in Sweden.
The finding stems from hole LAP22-19 in the sparsely drilled central portion of the Lappvattnet nickel deposit. The hole’s mineralization consists of massive, semi-massive, net-textured, veined and disseminated sulphides. The mineralized zone extends from about 64 to 75 m with assays pending.
Previously reported massive sulphide intersections at Lappvattnet include 3.19 per cent nickel over 4.25 m (LAP21-02) and 2.62 per cent nickel over 5.65 m (LAP21-05), both of which are approximately 300 m west of LAP22-19.
Gungnir’s nickel sulphide resources in Sweden include Lappvattnet and Rormyrberget, which benefit from year-round access and nearby infrastructure including Boliden’s mill complex:
- Lappvattnet contains an inferred resource of 780,000 tonnes grading 1.35 per cent nickel for 23.1 million lbs. of nickel
- Rormyrberget contains an inferred resource of 36,800,000 tonnes grading 0.19 per cent nickel for 154 million lbs. of nickel
Gungnir Resources is a mineral exploration company with gold and base metal projects in northern Sweden.
Gungnir (GUG) is up by 71.43 per cent trading at $0.12 per share as of 11:25 am EST.