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4.04% Nickel Over 5.76 Metres for Gungnir at Lappvattnet; Highest Grade Nickel Intercept Drilled to Date
SURREY, BC / ACCESSWIRE / January 4, 2023 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) ("...
About this update from Gungnir Resources Inc
[{"type":"text","content":"4.04% Nickel Over 5.76 Metres for Gungnir at Lappvattnet; Highest Grade Nickel Intercept Drilled to DateSURREY, BC / ACCESSWIRE / January 4, 2023 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) (\"Gungnir\" or the \"Company\") is very pleased to report the highest-grade nickel intercept drilled to date at the Company's Lappvattnet nickel deposit in northern Sweden. Hole LAP22-25 drilled 4.04% Ni over 5.76 metres within a broader interval of 1.49% Ni over 18.28 metres starting at a down-hole depth of 57.72 metres. Click link to view drill core (see photos).Table of individual, consecutive assays for the 5.76 metre high-grade nickel interval in hole LAP22-25 (70.0 to 75.76 metres):From (m)To (m)Length (m)Ni %70.0070.510.514.9370.5171.200.693.7371.2072.000.802.8772.0072.860.863.1772.8673.200.347.1873.2073.680.483.1473.6873.860.185.1773.8674.280.421.1374.2874.910.635.5274.9175.140.235.9475.1475.520.384.1575.5275.760.245.70\"Another impressive nickel intercept for Gungnir at Lappvattnet, this time the highest-grade nickel interval drilled to date. All of our hits are less than 100 metres below surface and cover a strike length of 400 metres in the western and central parts of the Lappvattnet deposit. Looking ahead, our plan is to continue defining this high-grade nickel deposit, and the new footwall target, further to the east and at depth where it has been only sparsely drilled in the past,\" commented Jari Paakki, CEO.Hole LAP22-25 was drilled in the central part of the Lappvattnet nickel resource on section 14E splitting a 50-metre gap between historic holes LAP74292 and LAP76008. The hole appears to have drilled into a thickened mineralized zone, possibly a fold hinge similar to LAP22-19 drilled on section 16E (80 metres to the east) which cut 2.35% Ni over 9.0 metres including 3.02% Ni over 5.66 metres starting at a down-hole depth of 66.0 metres (see news release dated October 18, 2022). The nickel intercept in LAP22-25 (1.49% Ni over 18.28 metres from 57.72 to 76.0 metres) occurs below a 4-metre jack-straw textured peridotite unit. It consists of an upper disseminated sulphide interval hosted in sedimentary gneisses from 57.72 metres and a lower, high-grade massive and semi-massive sulphide zone (4.04% Ni over 5.76 metres) from 70.0 metres down-hole.Notable, previously reported near-surface, high-grade nickel intersections...