DGAP-News: Gungnir Resources Inc. / Keyword (s): Drilling results
21.09.2021 / 12:00
The issuer is solely responsible for the content of this advertisement.

Gungnir drills 6.67% nickel in a 5.65 meter radius grading 2.62% nickel
SURREY, BC / ACCESSWIRE / September 21, 2021 / Gungnir Resources Inc. (TSXV: GUG) (OTC PINK: ASWRF) (“Gungnir” or the “Company”) is very pleased to report additional high grade nickel results from continued drilling at the Nickel deposit of Lappvattnet of the Company in Sweden. Today’s results are accelerated assays of hole LAP21-05 located 40 meters along the direction of hole LAP21-02 which intersected 3.19% nickel over 4.25 meters (see press releases August 31 and September 15, 2021).
Highlights of the LAP21-05 drill hole:

Results table:

The high-grade nickel intercept in hole LAP21-05 consists of several sections of massive and semi-massive sulphides located at the upper contact of the host peridotite intrusion with the interception located less than 60 meters below the surface.
Hole LAP21-05 was drilled in section 9E, 40 meters east of the high grade nickel mineralization recently intersected in hole LAP21-02 which was drilled in section 8E. LAP21-05 was one of three holes drilled on Section 9E testing an interval of 90 meters up-dip of the historic 2007-04 hole (0.97% Ni over 17.0 meters from 92.0 meters) . Hole LAP21-05, as well as LAP21-03 and LAP21-04 were all drilled at locations 1,741,549 mN and 7,165,169 mE (coordinates RT90-2.5) at an azimuth of 340 degrees. LAP21-05, a 100.3 meter hole, was drilled at a dip of -85 degrees, LAP21-04 was drilled 98 meters at a dip of -75 degrees and LAP21-03 was drilled at 77.5 meters at a dip of -45 degrees. Historic hole 74209 (2.87% Ni over 2.81 meters from 39.24 meters) is located between LAP21-03 and LAP21-04.
Drilling continues with tighter spaced holes in the shallow western portion of the Lappvattnet deposit with a current plan of 15 drill holes spanning approximately 140 meters in length. Please link to the attached attachment for the plan map showing the drill sections and a photo of the core of the nickel mineralization in hole LAP21-05 (Figure 1).
Analyzes are pending for the lower portion of hole LAP21-05, as well as for holes LAP21-01, LAP21-03 to LAP21-06 and LAP21-08 to LAP21-10, all of which have been submitted to the laboratory. The drill core was recorded and tagged for sampling at the company’s Lycksele logging facility and then shipped to the ALS Minerals base service lab in Mala. The core was sawn on site in Mala by ALS staff and prepared samples were sent to the ALS laboratory in Ireland. Cores were analyzed for multielements using code ME-MS41, Cu OG46 analysis for> 10,000 ppm Cu, NiOG46 analysis for> 10,000 ppm Ni, and Pt, Pd and Au have were analyzed using the pyrotechnic analysis method PGM-ICP27. Blanks and certified standards are routinely included in sample lots for quality assurance and control.
Gungnir’s nickel resources in Sweden include Lappvattnet and Rormyrberget. In 2020, the Society updated the two resources which collectively total 177 million pounds of nickel (see Technical Report with an effective date of November 17, 2020):

The technical information contained in this press release has been prepared and approved by Jari Paakki, geologist, CEO and director of the company. Mr. Paakki is a Qualified Person under National Instrument 43-101.
About Gungnir Resources
Gungnir Resources Inc. is a Canadian mining exploration company listed on the TSX Venture Exchange (GUG: TSX-V) with gold and base metals projects in northern Sweden. Gungnir’s assets include the Knaften project which hosts a developing intrusion-hosted gold system, and VMS (zinc-copper) and copper-nickel targets, all of which are open for expansion and discovery. East of Knaften, the Company owns two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, with updated nickel resources. Further information on the Company and its properties can be found at www.gungnirresources.com or to www.sedar.com.
On behalf of the Council,
Jari Paakki, CEO and Director
For more information contact:
Headquarters / Investor Relations
Phone: + 1-604-683-0484
Jari Paakki, CEO
E-mail: [email protected]
Chris Robbins, Chief Financial Officer
E-mail: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
Certain statements contained in this press release may constitute “forward-looking information” within the meaning of applicable securities laws (also called forward-looking statements). Forward-looking information involves risks, uncertainties and other known and unknown factors, and may cause actual results, performance or achievements or industry results to be materially different from future results, performance or achievements or results of industry expressed or implied by this forward-looking information. information search. Forward-looking information can generally be identified by the use of terms and phrases such as “anticipate”, “believe”, “might”, “estimate”, “expect”, “feel”, “have the intention “,” could “,” plan “,” foresee “,” project “,” subject to “,” will “,” would “, and similar terms and expressions, including references to assumptions. Some of the specific forward-looking information contained in this press release includes, but is not limited to, statements regarding: planned drilling activities and expected timing thereof; expectations of additional high grade nickel analysis as part of the planned program; and Gungnir’s plan for development of its properties and timing thereof.
Forward-looking information is based on a number of key expectations and assumptions made by Gungnir, including, but not limited to: the impact of the COVID-19 pandemic on the Canadian and global economy and business of Gungnir, as well as the extent and duration of this impact; no change in laws or regulations that adversely affect Gungnir’s business; there will be a demand for Gungnir’s services and products in the future; Gungnir will be able to operate as planned; and Gungnir’s plans for the future exploration and development of its properties are reasonable and will be possible on schedule. Although the forward-looking information contained in this press release is based on what Gungnir considers reasonable assumptions, it cannot assure investors that actual results will be consistent with such information.
Forward-looking information is provided for the purpose of presenting information about management’s current expectations and plans for the future, and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information involves significant risks and uncertainties and should not be interpreted as a guarantee of future performance or results, as actual results may differ materially from those expressed or implied in such forward-looking information. These risks and uncertainties include, among others, risks related to: the lack of certainty that an economically viable mineral deposit will be located on the Gungnir properties; that Gungnir may not be able to complete its planned drilling as planned; the impacts of the COVID-19 pandemic; ability to access capital markets; environmental issues; changes in laws or regulations; receipt of required licenses, permits and approvals; and resource estimates may not be exact and may differ significantly from actual mineral resources. Management believes that the expectations reflected in the forward-looking information contained herein are based on reasonable assumptions and information currently available; however, management cannot guarantee that actual results will be consistent with this forward-looking information. The forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects the current beliefs of management and is based on information currently available to Gungnir. Forward-looking information is set out as of the date of this press release and Gungnir assumes no obligation to update or revise such information to reflect new events or circumstances, except as required by applicable law.
THE SOURCE: Gungnir Resources Inc.

09.21.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases.
Archives on www.dgap.de