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Gungnir Provides Update on Drilling at Lappvattnet High-Grade Nickel Project
SURREY, BC / ACCESSWIRE / June 20, 2022 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) ...
About this update from Gungnir Resources Inc
[{"type":"text","content":"Gungnir Provides Update on Drilling at Lappvattnet High-Grade Nickel ProjectSURREY, BC / ACCESSWIRE / June 20, 2022 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) (\"Gungnir\" or the \"Company\") is pleased to provide an update from on-going drilling at its Lappvattnet high-grade nickel project in northern Sweden.Gungnir commenced drilling at Lappvattnet during the first week of May and has completed eight holes, LAP22-01 to -08 for 1,130 metres. To date, two shipments of drill core from six holes have been sent to ALS Geochemistry in Mala, Sweden for cutting and assay preparation. A total of 223 samples, including certified standards, blanks and duplicates will then be sent to ALS Geochemistry in Ireland for analysis. Assay results are expected late-July or early-August.Drilling is currently targeting 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). Seven of the holes logged to date (LAP22-01 to LAP22-05, and LAP22-07 to -08) cut variable amounts of mainly disseminated sulphides with local narrow semi-massive and massive sulphide sections hosted in peridotite and enclosing sedimentary gneisses. Sampled core intervals range from 12 to 37 metres.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 drill hole LAP21-04 (from 49 metres)6.50 metres grading 1.58% Nickel and 4.75 g/t PGEs (Pt+Pd+Au) including 45.53 g/t PGEs over 0.65 metres in drill hole LAP21-14 (from 41 metres)Nickel Resources:Gungnir's nickel sulphide resources in Sweden include Lappvattnet and Rormyrberget. In 2020, the Company updated both resources which collectively total 177 million pounds of nickel. The properties are accessible year-round with good transportation and industrial infrastructure including shipping facilities and are located about an hour drive from Boliden's mill complex.Lappvattnet: Inferred Resource of 780,000 tonnes grading 1.35% nickel for 23.1 million lbs (10.5 million kg...