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    market news

    Gungnir to Re-Evaluate Potential of Its Nickel-Copper-Cobalt Assets in Sweden; Geophysics Underway

    Melissa Shaw
    Nov. 28, 2017 08:47AM PST
    Base Metals Investing

    Gungnir Resources (GUG: TSX-V, ASWRF: OTCBB) (“Gungnir” or the “Company”) is commencing a thorough review of its nickel-copper assets in Sweden following the Company’s drill-discovery of layered gabbro with nickel-copper bearing sulphides at its Knaften property this fall. The Company has commenced a ground geophysical survey at its Lappvattnet and Rormyrberget permits located east of …

    Gungnir Resources (GUG: TSX-V, ASWRF: OTCBB) (“Gungnir” or the “Company”) is commencing a thorough review of its nickel-copper assets in Sweden following the Company’s drill-discovery of layered gabbro with nickel-copper bearing sulphides at its Knaften property this fall.
    The Company has commenced a ground geophysical survey at its Lappvattnet and Rormyrberget permits located east of Knaften, and plans to re-sample selective archived drill core and 3D-model the mineralized zones in advance of planning future work.
     Gungnir’s CEO, Jari Paakki said:

    “Now that we have nickel-copper mineralization on a third property in northern Sweden, the Company is taking a fresh look at its two staked nickel deposits, Lappvattnet and Rormyrberget, which collectively contain over 70 million pounds of nickel, 10 million pounds of copper and 2 million pounds of cobaltin historic resources.
    Within both deposits, very good nickel drill intersections are reported including 5 metres of 3.21% Ni + 4.28 g/t TPM (Total Precious Metals, Pt+Pd+Au)at Lappvattnet and 12.5 metres of 2.63% Ni at Rormyrberget. With additional value-added TPM’s reported, and several previous drill holes not assayed for Pt, Pd or Au, sampling of archived drill core, planned during the upcoming winter months, will include TPM assays.”

    Click here to read the full text release. 

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