Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Gungnir Resources poised to begin 2,500 metres of drilling at its Swedish projects

% of readers think this story is Fact. Add your two cents.

Gungnir Resources Inc (CVE:GUG) (OTCPINK:ASWRF) (FRA:AMO1) told investors that around 2,500 metres (m) of diamond drilling is due to kick off at its Swedish assets in the week beginning May 24. 

The work will initially focus on the Knaften property and the Knaften 300 Gold Zone (Knaften 300), where drill results have included shallow intersections of high-grade gold including 59.6 grams per ton (g/t) of the yellow metal in one hole and numerous wide zones of gold mineralization. 

READ: Gungnir Resources outlines this year’s exploration plans at Swedish assets

In addition, up to 50 line-kilometres of Induced Polarization (IP) geophysics is planned this summer to outline potential new targets on the recently acquired Knaften nr 600 permit, which expanded the company’s Knaften property by over 75%.

After drilling at Knaften, around 1,250m of drilling is earmarked for the nearby nickel-copper-cobalt-PGE (platinum, palladium and gold) projects – Lappvattnet and Rormyrberget.

Drilling here is planned to test for grade and distribution of PGEs and deposit extensions.

At Knaften, Gungnir is targeting the bedrock source or sources of a large gold-in-till anomaly, one of the largest in Sweden. Previous drill assays have included 14.07 g/t gold over 4.25m in one hole.

Meanwhile, the Lappvattnet and Rormyrberget nickel deposits collectively contain a newly expanded NI43-101 resource, which outlined 177 million pounds of nickel in the inferred category.

The company is currently awaiting a decision on approving extension applications for existing licenses covering both deposits and is also awaiting terrain driving permits.

Contact the author at [email protected]

Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Load more ...




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.