DGAP-News

Gungnir Drills 6.52% Nickel over 0.8 Metres within 4.5 Metres of 2.04% Nickel plus 12 Metres of 1.13% Nickel at Lappvattnet

DGAP-News: Gungnir Resources Inc. / Key word(s): Miscellaneous Gungnir Drills 6.52% Nickel over 0.8 Metres within 4.5 Metres of 2.04% Nickel plus 12 Metres of 1.13% Nickel at Lappvattnet 02.12.2021 / 19:00 The issuer is solely responsible for the content of this announcement. Gungnir Drills 6.52% Nickel over 0.8 Metres within 4.5 Metres of 2.04% Nickel plus 12 Metres of 1.13% Nickel at Lappvattnet

SURREY, BC / ACCESSWIRE / December 2, 2021 / Gungnir Resources Inc. (GUG:TSX-V), (ASWRF:OTCPK) ("Gungnir" or the "Company") is pleased to provide final 2021 drill results at the Company's Lappvattnet nickel deposit in Sweden. Ground electromagnetic (EM) geophysics is currently underway.

Drill Results:

Hole ID	From (m)	To (m)	Length (m)	Ni %	Cu %	Co %	PGEs (g/t)
LAP21-14	41.00	47.50	6.50	1.58	0.32	0.03	4.75
	43.05	47.50	4.45	2.04	0.37	0.04	6.91
	43.05	43.85	0.80	6.52	0.05	0.11	0.23
	43.85	44.50	0.65	1.20	1.65	0.03	45.53*
LAP21-15	58.00	69.90	11.90	1.13	0.18	0.02	0.18
	58.00	63.55	5.55	1.44	0.17	0.03	0.09
	58.95	59.40	0.45	4.78	0.26	0.08	0.36
	63.35	63.55	0.20	3.92	0.09	0.05	0.25
	65.50	65.70	0.20	2.47	0.17	0.04	0.11
	69.65	69.90	0.25	2.86	0.05	0.05	0.10
lower zone	81.60	82.50	0.90	2.77	0.04	0.05	0.09
PGEs in grams per tonne (g/t) = platinum (Pt) + palladium (Pd) + gold (Au)
* previously reported on Nov 10, 2021 (PGEs for LAP21-14 = 44.90 g/t Pt + 0.15 g/t Pd + 0.48 g/t Au)
Length is core length in metres

 

Jari Paakki, CEO, commented: "This was a very successful first-phase drill program for the Company at Lappvattnet where we delivered consistent shallow drill hits of high-grade and wide-grade nickel mineralization. Fourteen of the fifteen holes drilled demonstrated continuity of the inferred resource, ten of which expanded nickel mineralization outside of the 2020 resource block. The drill program also importantly provided key structural information to guide the next phase of expansion drilling along with surface EM geophysics which is currently ongoing at Lappvattnet. Work plans for 2022 will be detailed in the early part of the new year."