Gungnir Resources told investors it has found gold in bedrock within its newly identified gold exploration target at its Hemberget project in Sweden.
In July, the company reported the discovery of a new surface gold exploration target defined by a two-kilometre-plus trend of angular to sub-angular mineralized and altered boulders.
The new mineralized outcrop is exposed along a side gravel logging road at the western boulder area of this newly defined exploration target.
The mineralization is the same style as the previously reported angular to sub-angular arsenopyrite-bearing, silica-sericite+/-biotite altered and quartz veined boulders.
Two of the four outcrop grab samples collected returned 0.60 and 0.74 grams per ton (g/t) of gold (Au).
Gungnir Resources CEO Jari Paakki said identifying highly anomalous gold in outcrop has further advanced its discovery of the gold exploration target.
“The disseminated style of mineralization and related alteration, in both boulder and outcrop samples, makes this new surface gold discovery ideal for IP geophysics to outline possible drill targets with the goal of locating higher-grade gold mineralization,” Paakki said.
“South of Hemberget, within the same local greenstone belt and presumed related mineralized gold event, we have previously reported 59.6 g/t Au over 1 meter, 2.92 g/t Au over 13 meters and other notable gold drill intercepts at Knaften 300 Gold Zone.”
Assays are pending for additional prospecting samples collected in the mineralized outcrop area and from altered and local arsenopyrite-bearing boulders to the west, Gungnir Resources noted.