Gungnir Resources Inc. (TSX-V:GUG, OTC:ASWRF) has announced further, near-surface drill results and visuals at its Lappvattnet nickel deposit in Sweden, which included 7.0 metres (m) of 1.2% nickel.
The mineral exploration company also said drill hole LAP22-19 intersected a new footwall nickel target about 75m below the main Lappvattnet deposit.
“It looks like we may have the beginnings of a new footwall nickel target in the central part of the deposit, adding further potential at Lappvattnet,” Gungnir Resources CEO Jari Paakki said in a statement.
READ: Gungnir Resources reveals promising intersections drilled at Lappvattnet nickel deposit in Sweden
“So far, with longer drill holes, we have six footwall hits over a strike length of approximately 100 metres in the central part of Lappvattnet where it remains mostly open along strike and at depth,” Paakki added.
The company noted that assays are pending for 13 holes, all of which are located within the central part of Lappvattnet and include mineralized intervals from the main Lappvattnet deposit and the new footwall target.
Gungnir's nickel sulphide resources in Sweden include the Lappvattnet and Rormyrberget deposits, which collectively contain 177 million pounds of nickel, according to the company.
Gungnir Resources is a Canada-based, TSX-V-listed mineral exploration company with gold and base metal projects in northern Sweden.
Contact Sean at sean@proactiveinvestors.com