VANCOUVER, BC / ACCESSWIRE / December 12, 2017 / Gungnir Resources Inc. (TSX-V: GUG, OTC PINK: ASWRF) ("Gungnir" or the "Company") has submitted applications to acquire 5 new permits totaling 25 sq. km in northern Sweden.
The permits cover significant gold, silver and copper mineralized boulders/blocks along a north-west trending corridor located approximately 200 km north of the Company's Knaften project. Historic prospecting results include:
- 7.7 g/t Au
- 4.3 g/t Au and 2.3 % Cu
- 3.7 g/t Au, 380 g/t Ag and 1.3 % Cu
- 2.6 g/t Au and 10 g/t Ag
- 2.54 g/t Au
- 2.09 % Cu, 25 g/t Ag and 0.9 g/t Au
- 1.96 % Cu and 1.3 g/t Au
- 1.52 % Cu and 33 g/t Ag
"As part of the Company's strategy to actively monitor new quality opportunities and to maintain a pipe-line of projects from prospecting to advanced stage, we have added these early-stage prospects to our portfolio. We believe we have picked the initial nuggets within this potentially over-looked mineralized trend in northern Sweden, and plan a summer prospecting program on all five permits," commented Gungnir's CEO, Jari Paakki.
Permit applications are subject to final approval by the Inspector of Mining in Sweden. Prospecting samples noted above are historic surface grab samples of boulders/blocks and may not be representative of mineralization hosted on the permits. Assays results are from the Swedish Geological Survey (SGU) data files. The Company has not verified this data.
Mr. Jari Paakki, M.Sc., P.Geo., is a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Paakki prepared the technical information contained in this news release and has approved its disclosure.
About Gungnir Resources
Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company (GUG: TSX-V) with gold and base metal permits in northern Sweden within a region hosting 12 million ounces of gold delineated in existing and mined resources plus several past-producing and producing base metal mines. The Company's key gold project, Knaften, is situated at the southern extension of the "Gold Line" which hosts a number of gold deposits including Faboliden and Svartliden (Dragon Mining), and Barsele (Agnico Eagle and Barsele Minerals). The Company also has permits covering two nickel deposits in Sweden, Lappvattnet, and Rormyrberget which collectively host 70 million pounds of nickel in historical resources (see NR dated February 24, 2015). Gungnir additionally holds a $5,000,000 royalty stream and received the first annual payment of $1,000,000 on May 2, 2017. The next annual payment of $1,000,000 is due on April 30, 2018. Further information about the Company and its properties may be found at www.gungnirresources.com or at www.sedar.com.
