| Announcement Date: | 2022-10-18 |
|---|---|
| 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. 9m at 2.35% Ni, 0.27% Cu, 0.04% Co, 0.23g/t from 66m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Surrey, BC – October 18, 2022 – Gungnir Resources Inc. (GUG: TSX-V, ASWRF: OTCPK) (“Gungnir” or the “Company”) is very pleased to announce one of the top drill intersections at the Company’s Lappvattnet nickel deposit in northern Sweden. Results reported today are partial results for hole LAP22-19 which was drilled in the central part of the Lappvattnet nickel resource. Please click link for accompanying figures including drill core photo with assay labels (view figures). Drilling continues between sections 14E and 18E in the sparsely tested eastern two-thirds of the Lappvattnet deposit. It is part of our systematic drilling at Lappvattnet with the goal of upgrading and expanding the existing resource and a focus on defining further high-grade nickel shoots. So far in 2022, the Company has drilled 28 holes for approximately 3,900 metres. Assays are pending for the lower part of drill hole LAP22-19 and LAP22-10 onwards. Hole LAP22-19, drilled on section 16E, intersected the nickel zone at approximately 60 metres vertically below surface where it remains open at depth. Length reported is the core length; true width has not been determined due to the lack |
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