| Announcement Date: | 2021-11-15 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Gungnir Resources Inc. |
| Project name: | Lappvattnet |
| Location: | Sweden |
| Commodities: | PGM,Copper,Nickel,Cobalt |
| Highlight: | Drilling results incl. 31.0m @ 0.93% Ni, 0.13% Cu, 0.02% Co, 0.15g/t PGM from 20.0m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Surrey, BC – November 15, 2021 – Gungnir Resources Inc. (GUG: TSX-V, ASWRF: OTCPK) (“Gungnir” or the “Company”) is very pleased to report more near surface, high-grade nickel results at the Company’s Lappvattnet nickel deposit in Sweden. Today’s results are highlighted by yet another wide, near surface nickel intercept in drill hole LAP21-12. Assays are pending for drill holes LAP21-13, -14 and -15. Jari Paakki, CEO commented, “The story is just beginning for Gungnir at Lappvattnet where we are having early success expanding nickel mineralization, including both high-grade and wide-grade nickel intercepts, with only 1,300 metres of drilling which tested just a small fraction of the deposit. We have yet to test depth extent, which is largely unexplored, and the remaining 80% of the Lappvattnet deposit along strike to the east where prior drilling decreased considerably. And we have yet to drill a hole into our other Swedish nickel asset, Rormyrberget.” The Company’s recently completed its initial 2021, 15-hole (1,300 metre) drill program at Lappvattnet. Drilling covered a strike length of 140 metres which represents just 20% of the total strike length of the nickel deposit(sections 7.5E to 11E); please refer to the map in the newly updated corporate presentation on the Company’s website. New drilling and assays are expected to be incorporated into future resource upgrades |
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