Gungnir drills 5.61% nickel in Sweden
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(Kitco News) – Gungnir Resources (TSXV: GUG) today reported more high-quality drilling results from the company’s Lappvattnet nickel deposit in Sweden.
In a statement, Gungnir marked the intersection with 5.61% nickel over 0.85 meters within 5.0 meters range with 1.5% nickel in the hole LAP21-06, with analyzes waiting for another 8 boreholes.
Lappvattnet is located about an hour south of the large industrial centers in Boliden and Skelleftea, where mining and smelters are well established and where a new battery manufacturing plant is under construction, the company says.
Gungni’s nickel resources in Sweden include Lappvattnet and Rormyrberget. In 2020, the company updated both resources, which total 177 million pounds of nickel.
Gungnir Resources is a Canadian-based mineral research company with gold and base metal projects in northern Sweden. Gungni’s assets include the Knaften gold project, as well as two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, with updated nickel resources.
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