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Gungnir Granted Knaften Gold Project Expansion Permits
SURREY, BC / ACCESSWIRE / January 12, 2021 / Gungnir Resources Inc. (TSXV:GUG)(OTCPK:ASWRF...
About this update from Gungnir Resources Inc
[{"type":"text","content":"Gungnir Granted Knaften Gold Project Expansion PermitsSURREY, BC / ACCESSWIRE / January 12, 2021 / Gungnir Resources Inc. (TSXV:GUG)(OTCPK:ASWRF) (\"Gungnir\" or the \"Company\") is pleased to announce that the Company has received final approvals from Sweden's Inspector of Mines for new exploration permits which expand the size of the Knaften property by over 75%. Please click HERE for maps.HighlightsThe expanded Knaften gold project comprises 4,887 hectares (or nearly 50 sq. km) and significantly adds to the potential of Gungnir's Knaften intrusion-hosted gold target;Project now covers the entire prospective intrusion (4 x 5 km) which is comparable in size to that hosting Agnico Eagle's Barsele gold deposit located to the north along the same gold corridor;The intrusion has only been drill-tested along its very northern edge resulting in discovery of the Knaften 300 gold zone (\"Knaften 300\"), results include:14.07 g/t Au over 4.25 m (from 138.75 to 143.00 m) in hole KN19-06- includes 59.6 g/t Au over 1.00 m5.39 g/t Au over 2.00 m (from 98.00 to 100.00 m) in hole KN19-093.45 g/t Au over 10.75 m (from 67.05 to 77.80 m) in hole 960093.20 g/t Au over 10.00 m (from 83.50 to 93.50 m) in hole 2007072.92 g/t Au over 13.00 m (from 81.5 to 94.50 m) in re-sample 2007073.11 g/t Au over 8.00 m (from 135.80 to 143.80 m) in hole 2007142.13 g/t Au over 14.45 m (from 55.00 to 69.45 m) in hole KNA010012.01 g/t Au over 6.70 m (from 190.50 to 197.20 m) in hole 2007102.89 g/t Au over 5.00 m (from 118.80 to 123.80 m) in hole 200715The Gold TargetThe target is the bedrock source(s) of the large Knaften gold-in-till anomaly (\"Knaften anomaly\"), one of the largest in Sweden. The bedrock source is believed to be partially identified at Knaften 300, but based on the sheer size of the Knaften anomaly it is reasonable to expect more gold to be found in situ. Other gold-in-till anomalies in the region cover either current and past-producing gold mines or known gold resources, including the Barsele intrusive-hosted gold deposit (Agnico Eagle/Barsele JV with more than 2 million ounces of gold (1)) and the Boliden/Bjorkdal gold deposit area with more than 5 million ounces of gold produced (2).Plans and On-Going WorkThe Company is prioritizing targets with exploration work planned to re-start in Q2 2021. The work plan will include geophysics, drilling to t...