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Gungnir Drills Mineralization in First Three Holes at Knaften in Sweden
Vancouver, British Columbia (FSCwire) - Gungnir Resources Inc. (GUG: TSX-V, ASWRF: OTCPK) (“Gungnir” or the “Company”) reports that the first three drill holes
About this update from Gungnir Resources Inc
[{"type":"text","content":"Vancouver, British Columbia (FSCwire) - Gungnir Resources Inc. (GUG: TSX-V, ASWRF: OTCPK) (“Gungnir” or the “Company”) reports that the first three drill holes for 2018 have been completed with KN18-01 to KN18-03 each cutting arsenopyrite mineralization over core lengths of 9.60 to 19.45 metres. Drilling tested the Knaften 300 Gold Zone (“Knaften 300”), a disseminated-style gold zone with arsenopyrite serving as an indicator of gold (as with other gold deposits in the region and in many gold camps elsewhere). Select photos of the drill core are available for viewing via the home page link on the Company's website at www.gungnirresources.com. All assays are pending. The initial three holes focused on testing grade and continuity of gold mineralization at Knaften 300, and to establish structural controls on gold mineralization and optimal drill orientations. The next series of holes are underway (3-4 drill holes planned) located approximately 2.5 kilometres to the southwest of Knaften 300. These holes target an area where a wide zone (greater than 50-metre core length) of alteration, arsenopyrite and anomalous gold was discovered in one hole by the previous operator in 2008 and not followed-up. Gungnir then plans to drill electromagnetic anomalies in the area of the Company’s 2017 discovery of copper-nickel bearing sulphides and additional gold targets in the northern half of the property as the program moves forward. Hole Co-Ordinates (Swedish Grid RT90) Hole_ID Easting (m) Northing (m) Azimuth/Dip Length (m) Comments KN18-01 1634763 7150706 270/-55 153.1 10.95 metre mineralized zone from 84.70 to 95.65 metres KN18-02 1634774 7150714 310/-70 150.2 19.45 metre mineralized zone from67.05 to 86.50 metres KN18-03 1634704 7150676 240/-65 153.2 9.60 metre mineralized zone from57.05 to 66.65 metres Hole KN18-01 encountered a 10.95 metre zone of mineralization starting at a down-hole depth of 84.70 metres. Mineralization consists of fine-grained to very coarse-grained blades of arsenopyrite (steel grey coloured mineral in accompanying photos) ranging from 1 to 3% to heavier concentrations in decimetre-scale bands. Mineralization is hosted by mafic volcanics, sedimentary rocks and altered intrusives. Numerous calcite veinlets occur throughout the section. The hole was drilled immediately behind historic hole 2007-07 (3.3 g/t Au over 10 me...