Business
Gungnir Drills 6.67% Nickel Within 5.65 metres Grading 2.62% Nickel
SURREY, BC / ACCESSWIRE / September 21, 2021 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:AS...
About this update from Gungnir Resources Inc
[{"type":"text","content":"Gungnir Drills 6.67% Nickel Within 5.65 metres Grading 2.62% NickelSURREY, BC / ACCESSWIRE / September 21, 2021 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) (\"Gungnir\" or the \"Company\") is very pleased to report additional high-grade nickel results from continuing drilling at the Company's Lappvattnet nickel deposit in Sweden. Today's results are expedited assays from hole LAP21-05 located 40 metres along strike of hole LAP21-02 which intersected 3.19% Nickel over 4.25 metres (see news releases dated August 31 and September 15, 2021).Drill Hole LAP21-05 Highlights:2.62% Ni over 5.65 metres within a 14.00 metre interval grading 1.40% NiPeak of 6.67% Ni over 0.65 metresHigh-grade Nickel intercept less than 60 metres below surfaceResults Table:Hole IDFrom (m)To (m)Length (m)Ni %Cu %Co %PGEs (g/t)LAP21-0560.0074.0014.001.400.120.030.169 62.3568.005.652.620.130.050.177 62.9064.301.402.510.100.040.196 65.1068.002.903.390.140.060.212 66.3066.950.656.670.140.110.315PGEs (g/t) = platinum (Pt) + palladium (Pd) + gold (Au) Length = core length in metres The high-grade nickel intercept in hole LAP21-05 consists of several sections of massive and semi-massive sulphides located at the upper contact of the host peridotite intrusion with the intercept located less than 60 metres below surface.Hole LAP21-05 was drilled on Section 9E, 40 metres east of high-grade nickel mineralization recently intersected in hole LAP21-02 which drilled on Section 8E. LAP21-05 was one of three holes drilled on Section 9E testing a 90-metre interval up-dip of historic hole 2007-04 (0.97% Ni over 17.0 metres from 92.0 metres). Hole LAP21-05, along with LAP21-03 and LAP21-04 were all drilled at location 1,741,549mN and 7,165,169mE (RT90-2.5 co-ordinates) at an azimuth of 340 degrees. LAP21-05, a 100.3 metre hole, was drilled at a dip of -85 degrees, LAP21-04 was drilled 98 metres at a dip of -75 degrees, and LAP21-03 was drilled 77.5 metres at a dip of -45 degrees. Historic hole 74209 (2.87% Ni over 2.81 metres from 39.24 metres) is located between LAP21-03 and LAP21-04.Drilling continues with tighter spaced holes at the shallow western part of the Lappvattnet deposit with a current plan of 15 drill holes covering a strike length of approximately 140 metres. Please link to accompanying attachment for plan map showing drill sections and a core photo of nick...