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InvestmentPitch Media Video Discusses Gungnir Resources Receives Initial $500,000 from Sale of Royalty Interest and Starts Drilling at Rodingtrask, Sweden - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - June 7, 2019) - Gungnir Resources (TSXV: GUG) (...
About this update from Gungnir Resources Inc
[{"type":"text","content":"InvestmentPitch Media Video Discusses Gungnir Resources Receives Initial $500,000 from Sale of Royalty Interest and Starts Drilling at Rodingtrask, Sweden - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - June 7, 2019) - Gungnir Resources (TSXV: GUG) (OTC Pink: ASWRF), a Canadian-based mineral exploration company with gold and base metal permits in northern Sweden, has received the initial $500,000 cash payment from the sale of the company's remaining royalty interest in the Kenville Gold Mine Property in British Columbia, Canada. Ximen Mining (TSXV: XIM) has the option to acquire Gungnir's 4% royalty on the Kenville Gold Mine property for $1,500,000 and 285,918 common shares of Ximen. The balance of $1 million in cash and the share issuance is due to Gungnir on or before October 31, 2019.For more information, please view the InvestmentPitch Media \"video\" which provides additional information on the company and this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Gungnir\" in the search box.Cannot view this video? Visit:http://www.investmentpitch.com/video/0_2dviutjs/Gungnir-Resources-receives-initial-500000-from-royalty-sale-and-starts-drilling-at-Rodingtrask-SwedenGungnir has commenced drilling at the Rodingtrask volcanogenic massive sulphide, or VMS, target on the company's Knaften property, in Sweden's Vasterbotten District located in a prime Nordic region hosting new discoveries and recent large investment interests. The Vasterbotten District hosts 12 million ounces of gold delineated in existing and mined resources plus several past-producing and producing VMS base metal mines.In addition to the key Knaften project, the company holds permits covering two nickel deposits, which collectively host 70 million pounds of nickel in historic resources, and the recently staked Norrbotten gold and base metal permits. The Knaften project, which includes the new Rodingtrask VMS target and a separate new copper-nickel target, is situated at the south end of a regional structure known as the \"Gold Line\" located within a prolific VMS region including the Skellefte Belt in Sweden and numerous VMS deposits in Finland. The Rodingtrask VMS and copper-nickel targets were back-to-back new target discoveries in 2017 and 2018 in Gungnir's first two rounds of drilling in...