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Gungnir Drills 6.94% Nickel within 31 Metres Grading 0.93% Nickel Starting 20 Metres Below Surface at Lappvattnet
SURREY, BC / ACCESSWIRE / November 15, 2021 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASW...
About this update from Gungnir Resources Inc
[{"type":"text","content":"Gungnir Drills 6.94% Nickel within 31 Metres Grading 0.93% Nickel Starting 20 Metres Below Surface at LappvattnetSURREY, BC / ACCESSWIRE / November 15, 2021 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) (\"Gungnir\" or the \"Company\") is very pleased to report more near surface, high-grade nickel results at the Company's Lappvattnet nickel deposit in Sweden. Today's results are highlighted by yet another wide, near surface nickel intercept in drill hole LAP21-12. Assays are pending for drill holes LAP21-13, -14 and -15.Jari Paakki, CEO commented, \"The story is just beginning for Gungnir at Lappvattnet where we are having early success expanding nickel mineralization, including both high-grade and wide-grade nickel intercepts, with only 1,300 metres of drilling which tested just a small fraction of the deposit. We have yet to test depth extent, which is largely unexplored, and the remaining 80% of the Lappvattnet deposit along strike to the east where prior drilling decreased considerably. And we have yet to drill a hole into our other Swedish nickel asset, Rormyrberget.\"Results Table:Hole IDFrom (m)To (m)Length (m)Ni %Cu %Co %PGEs (g/t)LAP21-1220.0051.0031.000.930.130.020.15 28.0035.007.001.240.190.020.18 33.2033.400.206.940.040.110.14 43.0051.008.000.980.130.020.17LAP21-1130.0036.006.000.590.100.010.04 33.8034.250.451.700.030.080.13PGEs in grams per tonne (g/t) = platinum (Pt) + palladium (Pd) + gold (Au) Length is core length in metres Drilling Details:The Company's recently completed its initial 2021, 15-hole (1,300 metre) drill program at Lappvattnet. Drilling covered a strike length of 140 metres which represents just 20% of the total strike length of the nickel deposit (sections 7.5E to 11E); please refer to the map in the newly updated corporate presentation on the Company's website. New drilling and assays are expected to be incorporated into future resource upgrades.Hole LAP21-12 was drilled on Section 7.5E and hole LAP21-11 was drilled on Section 9.5E, both on sub-sections with 20 metre spacings. Hole LAP21-12 hit mineralized peridotite (disseminated and blebby sulphides) starting at a down-hole depth of 20 metres including a narrow massive sulphide section at 33.2 metres. Drill hole LAP21-11 was drilled up-dip of Gungnir's holes LAP21-09 and -10 (resulted reported in news release dated November 10, 2021) and ...