Gungnir Resources Inc. (TSX-V:GUG, OTC:ASWRF) has unveiled more near-surface massive sulphide drill intersections at its Lappvattnet nickel deposit in northern Sweden.
The intersections include two holes drilled 80 metres west and east of a previous hole, LAP22-19, which cut 9 metres of 2.35% nickel (Ni) including 5.66 metres of 3.02% Ni in the central part of the Lappvattnet resource.
Gungnir has drilled 30 holes for a total of 4,240 metres of a planned 2022/23 program. The company is aiming to upgrade and expand the existing resource, further defining high-grade nickel shoots, as well as initial scout drilling north of Lappvattnet.
READ: Gungnir Resources reports "best to-date" nickel intersection at Lappvattnet nickel deposit in Sweden
Hole LAP22-25 cut a 25-metre section of sulphide mineralization, mainly disseminated, from 51 to 76 metres downhole, including a six-metre interval containing ten sections of massive sulphides below a variably mineralized peridotite unit.
Hole LAP22-23, located 160 metres to the east of LAP22-25, drilled a 14-metre interval of mainly disseminated sulphides starting within a peridotite unit at 39 metres and includes a one-metre slug of massive sulphide at 44.2 metres.
Assays are expected this quarter and into the first quarter of 2023.
“Once results are received and geological modelling is completed, plans for more drilling will be outlined,” Gungnir said in a release.
Fifteen of sixteen holes drilled intersected sulphide mineralization ranging from core lengths of less than 5 metres to 25 metres. All but one of the assays pending are in the central part of the main Lappvattnet deposit.
Gungnir's nickel sulphide resources in Sweden include Lappvattnet and Rormyrberget. In 2020, the Company updated both resources which collectively total 177 million pounds of nickel. The properties are accessible year-round with good transportation and industrial infrastructure including shipping facilities and are located about an hour's drive from Boliden's mill complex.
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