Gungnir Resources Inc. (TSX-V:GUG, OTC:ASWRF) has announced that drilling is expected to start early next week at its Lappvattnet high-grade nickel project in northern Sweden.
Drilling will continue to focus on upgrading and expanding the existing nickel resource and approximately 4,000 metres of drilling is planned, the company said.
"Our first phase program at Lappvattnet, completed in Q4 2021, was highly successful, delivering consistent shallow drill hits of high-grade and wide-grade nickel sulphide mineralization," Jari Paakki, CEO of Gungnir, said in a statement.
READ: Gungnir Resources adds Hemberget property to its package of polymetallic projects in Sweden
"This year we are planning to expand our drill efforts with more metres to further define potential high-grade nickel shoots along the deposit plus drill-testing the 'twin' north EM geophysical conductor we identified late last year," he added.
Highlights for 2021 at the project include:
- 3.19% Nickel over 4.25 metres within a 10.4-metre interval grading 1.51% Nickel in drill hole LAP21-02 (from 45 metres)2.62%
- Nickel over 5.65 metres within a 14.0-metre interval grading 1.40% Nickel in drill hole LAP21-05 (from 60 metres)
- 1.74% Nickel over 10.00 metres in drill hole LAP21-13 (from 21 metres)
- 36.00 metres grading 0.93% Nickel in drill hole LAP21-04 (from 49 metres)
Gungnir Resources is a mineral exploration company with gold and base metal projects in northern Sweden. Gungnir's assets include two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, both with updated nickel resources.
Contact the author at jon.hopkins@proactiveinvestors.com