Gungnir Resources Inc has reported the discovery of a new ultramafic unit, with characteristic "jack-straw" textured peridotite that is host to the high-grade Lappvattnet nickel deposit.
"Encountering jack-straw peridotite outside of the known nickel deposit opens up further potential on the property, in particular in the untested area north of the deposit which was highlighted earlier as having a geophysical signature similar to the Lappvattnet deposit itself," said Jari Paakki, CEO of Gungnir in a statement.
The new ultramafic unit was intersected approximately 150 metres north of the Lappvattnet nickel deposit in two holes, LAP22-12 and LAP22-13, drilled from the same set-up on Section 8E testing the western part of a string of near-surface electromagnetic (EM) anomalies defined in late 2021.
READ: Gungnir completes eight holes as drilling progresses at Lappvattnet high-grade nickel project in Sweden
A 3.5-metre interval of jack-straw peridotite with minor sulphides was intersected almost near the end of hole LAP22-13, and a 0.30-metre finer grained peridotite unit with minor disseminated sulphides was cut in hole LAP22-12, also close to the end of the hole.
Both holes will be extended, and two additional holes are also being drilled 40 metres to the east on Section 9E.
To date in 2022, the Surrey, British Columbia-based company has completed 13 holes from nine sites for 1,850 metres at Lappvattnet, with drilling continuing. Initial assays from 2022 are expected in the coming weeks.
Most of the drilling has been directed at areas below and down plunge of Gungnir's 2021 drill program which produced several hits of high-grade and wide-grade nickel mineralization over a strike length of approximately 140 metres, including 3.19% nickel over 4.25 metres within a 10.4-metre interval grading 1.51% nickel and 2.62% nickel over 5.65 metres within a 14.0-metre interval grading 1.40%.
Gungnir's nickel sulphide resources in Sweden include Lappvattnet and Rormyrberget. In 2020, the company updated both resources that collectively total 177 million pounds of nickel.
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