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SURREY, BC / ACCESSWIRE / July 26, 2022 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) (“Gungnir” or the “Company”) is pleased to announce the discovery of a new ultramafic unit, specifically, featuring straw-textured Peridotite that is the host of Lappvattnet’s high-grade nickel deposit. See maps and images (see Figure 1).
“The encounter of straw peridotite outside the known nickel deposit opens up new possibilities on the property, i. e. in the unproven domain north of the deposit that was previously highlighted as having a geophysical signature similar to the Lappvattnet deposit itself. The northern target domain is highlighted in the accompanying maps,” commented Jari Paakki, CEO of Gungnir.
The new ultramafic unit intersected approximately 150 meters north of the Lappvattnet nickel deposit in two holes, LAP22-12 and LAP22-13, drilled from the same configuration in segment 8E testing the western component of a near-surface electromagnetic wave chain. (EM) of the anomalies explained at the end of 2021 (see press release of February 9, 2022). A 3. 5 meter period of iron straw peridotite with intersecting minor sulfides near the end of hole LAP22-13, and a 0. 30 meter unit of finer-grained peridotite with intersecting minor sulfides in hole LAP22- 12, also close to the end of the hole. Both hollows will be exterminated. All finishing dosages and analysis. Two more holes are also being drilled 40 meters to the east in segment nineE.
To date in 2022, the Company has completed thirteen wells at nine sites over 1850 meters in Lappvattnet and drilling continues. The first dosages of 2022 are expected in the coming weeks. Most of the drilling was directed to spaces below and downstream of Gungnir’s drilling program for 2021, which produced several high- and wide-grade nickel mineralization effects over a duration of about 140 meters (see below).
Highlights of 2021 drilling results:
3. 19% Nickel over 4. 25 meters in diversity of 10. 4 meters law 1. 51% Nickel in drilling LAP21-02 (from forty-five meters)
2. 62% Nickel over 5. 65 meters in a grade of 14. 0 meters 1. 40% Nickel in LAP21-05 drilling (from 60 meters)
1. 74% Nickel over 10. 00 meters in LAP21-13 drilling (from 21 meters)
36. 00 meters titrating 0. 93% Nickel in LAP21-04 drilling (from meters)
Nickel Resources:
Gungnir’s nickel sulfide resources in Sweden come from Lappvattnet and Rormyrberget. In 2020, the company upgraded the two resources that, together, total 177 million pounds of nickel. and are located an hour’s drive from the Boliden factory complex.
Lappvattnet: An inference of 780,000 tons with a grade of 1. 35% nickel for 23. 1 million pounds (10. 5 million kg) of nickel.
Rormyrberget: inferred from 36,800,000 tons with a grade of 0. 19% nickel to 154 million pounds (70 million kg) nickel.
NI Technical Report 43-101 entitled “TECHNICAL REPORT on the LAPPVATTNET and RORMYRBERGET DEPOSITS, NORTHERN SWEDEN” prepared through Reddick Consulting Inc. Qualified applicants are John Reddick, M. Sc. , P. Geo. , and Thomas Lindholm, M. Sc. . , Fellow AusIMM. La effective date is November 17, 2020.
The technical data contained in this press have been prepared and approved through Jari Paakki, P. Geo. , CEO and director of the Compañía. Sr. Paakki is a qualified user under National Instrument 43-101.
About Gungnir resources
Gungnir Resources Inc. es a Canadian mining exploration company indexed to TSX-V (GUG: TSX-V, ASWRF: OTCPK) with gold and base metal allocations in northern Sweden. Gungnir’s assets include two nickel, copper and cobalt deposits, Lappvattnet and Rormyrberget. , either with upgraded nickel resources, and Knaften’s allocation that houses a gold formula hosted through emerging intrusions, and VMS (zinc-copper) and copper-nickel targets, all of which are open to expansion and discovery. The Company also recently added Hemberget’s assets to its Swedish housing portfolio covering an 11 km long gabbro-ultramafic intrusion, a new copper-nickel target. More information about the Company and its homes can be found in www. gungnirresources. com or at www. sedar. com.
On behalf of the Board of Directors, Jari Paakki, CEO and Director
For information, please contact: Head Office/Investor Relations Phone: 1-604-683-0484
Jari Paakki, CEO Email: jpaakki@eastlink. ca
Chris Robbins, Email CEO: robbinscr@shaw. ca
Neither TSX Venture Exchange nor its Regulatory Service Provider (as that term is in TSX Venture Exchange’s policies) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
Certain statements contained in this press release would possibly constitute “forward-looking data” within the meaning of applicable securities legislation (also called forward-looking statements). Forward-looking data stems from known and unknown risks, uncertainties and other factors, and could possibly cause actual effects, performance or achievements or industry effects to be materially different from long-term effects, performance or achievements or industry effects expressed or implied through such forward-looking data. data search Prospective data can be known by using words such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “believe”, “intend”, “possibly”. , “plan”, “expect”, “project”, “subject to”, “will”, “would” and similar terms and expressions, adding references to assumptions. Some of the express forward-looking information contained in this news release includes, but is not limited to, statements about: the anticipated timeframe for receipt of trial effects; planned drilling locations and planned targets; drilling extent and number of drillings; the planned exploration program, including planned drilling and drilling schedule; and Gungnir’s plan for the progression of their homes and the timing of it.
The forward-looking data is based on a number of key expectations and assumptions made through Gungnir, including, but not limited to: access to resources will continue to be available throughout the year; transport and infrastructure will remain as planned; the effect of the COVID-19 pandemic on the Canadian and global economy and Gungnir’s business, as well as the extent and duration of this effect; any adjustment to any laws or regulations that adversely affect Gungnir’s business; in the long run there will be demand for Gungnir’s facilities and products; Gungnir will be able to run your business as planned; Gungnir will be able to access the capital markets and effectively total funding on terms it deems moderate; and Gungnir’s plans for long-term exploration and progression of their homes are moderate and will be imaginable within the expected time frame. Although the forward-looking data contained in this press release is based on what Gungnir believes to be moderate assumptions, we may not guarantee investors that the actual effects will be consistent with such data.
Forward-looking data is provided for the purpose of presenting data on existing control plans and expectations relative to the long term, and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking data involves significant risks and uncertainties and should not be construed as a guarantee of functionality or long-term effects, as actual effects could differ materially from those expressed or implied by such forward-looking data. These dangers and uncertainties include, among others, dangers related to: the lack of certainty that an economically viable mineral deposit will be located on the Gungnir Properties; that Gungnir would not possibly be able to complete its planned drilling as planned; the effects of the COVID-19 pandemic; the effects of war and/or other foreign conflicts; the ability to access the capital markets and obtain successful financings on terms that Gungnir considers moderate; environmental issues; adjustments in legislation or regulations; receipt of required licenses, permits and approvals; and resource estimates may not be accurate and may differ materially from actual mineral resources. Management believes that the expectations reflected in the forward-looking data contained in this document are based on conservative assumptions and available data; however, control cannot guarantee that actual effects are consistent with such prospective data. The forward-looking data contained in this press release is expressly qualified in its entirety by this cautionary statement. The prospective data reflects existing control ideals and is based on existing data for Gungnir. Forward-looking data is made as of the date of this press release, and Gungnir assumes no legal responsibility to update or revise such data to reflect new occasions or circumstances, as required by applicable law.
SOURCE: Gungnir Resources Inc.
See the accesswire. com edition: https://www. accesswire. com/709690/Gungnir-Drills-New-Ultramafic-Horizon-150-Metres-North-of-Lappvattnet-Nickel-Deposit-Sweden