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Gungnir Drills New Ultramafic Horizon, 150 Metres North of Lappvattnet Nickel Deposit, Sweden
SURREY, BC / ACCESSWIRE / July 26, 2022 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) ...
About this update from Gungnir Resources Inc
[{"type":"text","content":"Gungnir Drills New Ultramafic Horizon, 150 Metres North of Lappvattnet Nickel Deposit, SwedenSURREY, BC / ACCESSWIRE / July 26, 2022 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) (\"Gungnir\" or the \"Company\") is pleased to report discovery of a new ultramafic unit, specifically, characteristic \"jack-straw\" textured peridotite which is host to the high-grade Lappvattnet nickel deposit. Please see attached maps and photos (see Figure 1).\"Encountering jack-straw peridotite outside of the known nickel deposit opens up further potential on the property, in particular in the untested area north of the deposit which was highlighted earlier as having a geophysical signature similar to the Lappvattnet deposit itself. The north target area is highlighted in the accompanying maps,\" commented Jari Paakki, CEO of Gungnir.The new ultramafic unit was intersected approximately 150 metres north of the Lappvattnet nickel deposit in two holes, LAP22-12 and LAP22-13, drilled from the same set-up on Section 8E testing the western part of a string of near-surface electromagnetic (EM) anomalies defined in late 2021 (see news release dated February 9, 2022). A 3.5-metre interval of jack-straw peridotite with minor sulphides was intersected almost near the end of hole LAP22-13, and a 0.30-metre finer grained peridotite unit with minor disseminated sulphides was cut in hole LAP22-12, also close to the end of the hole. Both holes will be extended. All assays and analyses pending. Two additional holes are also being drilled 40 metres to the east on Section 9E.To date in 2022, the Company has completed 13 holes from 9 sites for 1,850 metres at Lappvattnet with drilling continuing. Initial assays from 2022 are expected in the coming weeks. Most of the drilling has been directed at areas below and down plunge of Gungnir's 2021 drill program which produced several hits of high-grade and wide-grade nickel mineralization over a strike length of approximately 140 metres (see below).2021 Highlight Drill Results:3.19% Nickel over 4.25 metres within a 10.4-metre interval grading 1.51% Nickel in drill hole LAP21-02 (from 45 metres)2.62% Nickel over 5.65 metres within a 14.0-metre interval grading 1.40% Nickel in drill hole LAP21-05 (from 60 metres)1.74% Nickel over 10.00 metres in drill hole LAP21-13 (from 21 metres)36.00 metres grading 0.93% Nickel in d...