Gungnir Resources Inc describes its 2022 plans in Sweden with nickel as an important driving force, provides exploration highlights from 2021
Jari Paakki, Gungnir’s CEO, commented: “Our plan for 2022 is to build on Gungnir’s 2021 high-quality nickel results, which were some of the best, near-surface nickel drillings reported in the junior sector last year.”
Gungnir Resources Inc has described its plans in Sweden for 2022 with nickel as an important driving force and provided exploration highlights from 2021.
In a statement, Jari Paakki, Gungnir’s CEO, commented: “Our plan for 2022 is to build on Gungnir’s 2021 high-quality nickel results, which were some of the best nickel drills reported in the junior sector last year.
“We plan to allocate more than three quarters of our available exploration funds to nickel, with most of the planned drilling targeting our Lappvattnet nickel project focused on additional high-quality nickel shots. We also have an impressive new gold target at Knaften that we plan to drill with. a few holes. “
READ: Gungnir identifies twin leaders at Lappvattnet’s nickel project in Sweden
Planned 2022 exploration program:
- 75% or more of available nickel exploration equipment with up to 4,000 meters of drilling planned
- The company intends to finance its exploration activities through financing in 2022, the details of which will be announced in a separate press release.
- Expected start in late spring when conditions allow
- At Lappvattnet, extended drilling to test for further high-quality nickel shots along the blow, immersion and immersion of the 2021 borehole, plus the “twin” northern European Championship leader
- At Knaften Gold, initial testing of new IP anomalies (the area has not seen any previous exploration); pending drilling permits and approvals
- At Rormyrberget evaluate and prioritize goals; time of drilling shall be determined
Project highlights from 2021:
Lappvattnet Nickel:
- The drilling program in phase one covered only 20% of Lappvattnet’s total stroke
- Consistent shallow drilling hits of high quality and wide zones of nickel mineralization, including:
- 3.19% nickel over 4.25 meters within a 10.4 meter range with 1.51% nickel in boreholes LAP21-02 (from 45 meters)
- 2.62% nickel over 5.65 meters within a range of 14.0 meters which grades 1.40% nickel in boreholes LAP21-05 (from 60 meters)
- 1.74% nickel over 10.00 meters in borehole LAP21-13 (from 21 meters)
- 36.00 meters graduation 0.93% nickel in borehole LAP21-04 (from 49 meters)
- Outlined an untested “twin” electromagnetic (EM) conductor 100 meters north of Lappvattnet’s nickel resource
Knaften gold:
- Goal: bedrock source for one of the largest gold-in-to-deviations in Sweden
- Expanded the property to cover the entire favorable host mountain, a 4 km x 5 km intrusion
- Conducted geophysical survey of induced polarization (IP) over parts of the extended area that described very significant IP charge deviations (up to 40 mV / V) within the intrusion
- Rormyrberget Nickel: Outlined untried European Championship goals outside the nickel resource
Gungnir also said that its nickel sulphide resources in Sweden include Lappvattnet and Rormyrberget. In 2020, the company updated both resources, which together amount to 177 million pounds of nickel. The properties are accessible all year round with good transport and industrial infrastructure including shipping options and are approximately an hour’s drive from Boliden’s mill facility.
- Lappvattnet: Assumed resource of 780,000 tons that classifies 1.35% nickel for 23.1 million lbs (10.5 million kg) nickel
- Rormyrberget: Assumed resource of 36,800,000 tonnes classifying 0.19% nickel for 154 million pounds (70 million kg) nickel
Gungnir Resources is a Canadian-based TSX-V-listed mineral exploration company with gold and base metal projects in northern Sweden. The company’s assets include two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, both with updated nickel resources, and the Knaften project, which hosts a developing intrusive gold system, as well as VMS (zinc-copper) and copper-nickel targets. of which are open to expansion and further discovery.
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