Gungnir Resources Inc (CVE:GUG) (OTCPINK:ASWRF) (FRA:AMO1) outlined Wednesday this year's exploration plans at its Swedish projects, which includes up to 50 line-kilometres of IP geophysics and 2,500 metres (m) of drilling.
The work is expected to kick off in the second quarter, once approvals are received and ground conditions allow.
READ: Gungnir Resources expands Knaften property by over 75% and plans to restart exploration in second quarter
The company is advancing the Knaften property and its Lappvattnet and Rormyrberget nickel-copper-cobalt-PGE projects in northern Sweden.
At the Knaften project, drilling will test structural extensions of the Knaften 300 gold zone, where previous drilling showed shallow intersections of high-grade gold like 59.6 grams per ton (g/t) gold over 1m and numerous wide zones of gold mineralization.
The company will also carry out Induced Polarization (IP) geophysics to outline potential extensions of Knaften 300 and new targets on recently acquired permits, it told investors.
Drilling at Lappvattnet and Rormyrberget will test for deposit extensions, and grade and distribution of PGEs (platinum, palladium and gold).
In January this year, Gungnir revealed it had expanded the size of the Knaften property by 75%. It was granted new permits such that it now comprises 4,887 hectares (nearly 50 square kilometres).
The Lappvattnet and Rormyrberget nickel deposits are located in the same general area as the Knaften property and two deposits collectively contain a newly expanded NI43-101 resource, which outlined 177 million pounds of nickel in the inferred category.
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