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Gungnir Samples 12.50 metres of 2.33% Nickel in Sweden
SURREY, BC / ACCESSWIRE / July 14, 2020 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF...
About this update from Gungnir Resources Inc
[{"type":"text","content":"Gungnir Samples 12.50 metres of 2.33% Nickel in SwedenSURREY, BC / ACCESSWIRE / July 14, 2020 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) (\"Gungnir\" or the \"Company\") reports final re-sampling results of archived drill core from the Company's two nickel deposits in northern Sweden. Results from the Rormyrberget nickel deposit include:2.33% Nickel over 12.50 metres, including 3.00% Nickel over 5.10 metres1.51% Nickel over 13.05 metres, including 3.01% Nickel over 3.85 metresJari Paakki, CEO of Gungnir commented, \"The next planned step at our nickel projects is to update the historic estimates to current resources with a view of strengthening nickel prices in the near-future. Our current exploration focus in Sweden is gold. Drilling is on-going at our Knaften project focused on expanding our 2019 high-grade gold discovery of 59.60 g/t Au over 1.0 metre within a mineralized interval grading 14.07 g/t Au over 4.25 metres. Results of our exploration work will be made available through the summer and fall.\"The Lappvattnet and Rormyrberget nickel deposits contain over 70 million pounds (Mlbs) nickel, 10 Mlbs of copper and 2 Mlbs of cobalt in historical estimates (see Note 1). At Rormyrberget, the historical estimate is 6,370,000 tonnes @ 0.35% Ni, 0.04% Cu and 0.01% Co for 48.7 Mlbs of Ni, 5.5 Mlbs of Cu and 1.9 Mlbs of Co.Sampling Results:DDH_IDFrom (m)To (m)Length (m)Ni %Cu %PGE's g/t *ROR 90024155.90168.4012.502.330.450.42including160.35165.455.103.000.360.54including160.95161.300.353.240.322.56and including164.00164.650.654.200.090.43ROR 91002159.95173.0013.051.510.280.30including161.05164.903.853.010.500.44* PGE's g/t = platinum (Pt) + palladium (Pd) + gold (Au)Mineralization at Rormyrberget consists of both massive sulphides and wide disseminated zones which includes previously reported drill intersections of 125 metres grading 0.39% Ni. The Company focused on the more massive sulphide intervals and selected two of the relatively complete core sections for sampling. Gungnir's results compared very favourably with originally reported assays in drill holes ROR 90024 (19.05 m grading 2.05% Ni, 0.41% Cu) and ROR 91002 (14.65 m grading 1.62% Ni, 0.45% Cu) even though there were some narrow intervals of missing core which we assigned 0.00% Ni, 0.00% Cu and 0.00 g/t PGE's in our sampling. Gungnir's sampling also included P...