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Gungnir Drills 7.0 metres of 1.16% Nickel and Identifies New Footwall Nickel Target at Lappvattnet
SURREY, BC / ACCESSWIRE / December 1, 2022 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) (...
About this update from Gungnir Resources Inc
[{"type":"text","content":"Gungnir Drills 7.0 metres of 1.16% Nickel and Identifies New Footwall Nickel Target at LappvattnetSURREY, BC / ACCESSWIRE / December 1, 2022 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) (\"Gungnir\" or the \"Company\") is pleased to report further, near-surface drill results and visuals at the Company's Lappvattnet nickel deposit in northern Sweden. Highlighted holes include LAP22-10 which cut 7.0 metres of 1.16% Ni and LAP22-19 which intersected a new footwall nickel target approximately 75 metres below the main Lappvattnet deposit. Assays are pending for thirteen holes. Please click link for property map, cross-section and core photos (figures).\"It looks like we may have the beginnings of a new footwall nickel target in the central part of the deposit, adding further potential at Lappvattnet. Historic holes in this area from the 1970s appear to have been drilled just short of this new target. So far, with longer drill holes, we have six footwall hits over a strike length of approximately 100 metres in the central part of Lappvattnet where it remains mostly open along strike and at depth. Assays are pending for five of these six holes\", commented Jari Paakki, CEO.The new footwall target was encountered in holes LAP22-16, -17, -19, -26, -27, and -28 drilled on sections 15E to 16.5E (see accompanying map). The intercepts range from core lengths of 2 to 15 metres consisting of variably mineralized peridotite, local sulphide pods and disseminated sulphides in enclosing sedimentary gneisses. Assays from the lower part of LAP22-19 returned 5.0 metres of 0.30% Ni (or 2.4 metres of 0.40% Ni) from 149 metres, including 0.96% Ni over 0.42 metres from 150 metres down-hole. Assays for the other five holes are pending. Notable \"ball-textured\" peridotite/pyroxenite (previously not observed) with local matrix sulphides was encountered in hole LAP22-28 (see slide 3 in accompanying figures), and may represent part of a conduit and source site for the nickel-bearing magma. Modelling and evaluations continue.Also reported today are the final assay results from the western part of Lappvattnet. Hole LAP22-10, drilled on section 12E, returned 7.0 metres of 1.16% Ni starting at a down-hole depth of 98 metres, including 0.53 metres of 5.31% Ni at 103.9 metres. LAP22-10 also includes 6.0 metres of 0.30% Ni starting at 109 metres down-hole. S...