Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company (TSX-V: GUG; OTCPK: ASWRF) focused on discovery in mineral-rich Sweden. The Company holds gold and base metal exploration permits in Sweden’s prolific Vasterbotten District which hosts 12 million ounces of gold delineated in existing and mined resources plus several past-producing and producing volcanogenic massive sulphide (VMS) base metal mines.
The Company’s key focus is the Knaften project located at the south end of the “Gold Line” (Knaften-Barsele Arc) which hosts a number of gold deposits including Faboliden and Svartliden (Dragon Mining), and the Barsele Gold-VMS project (Agnico Eagle).
In the past three years Gungnir has made three new discoveries at Knaften; one in each year the Company has drilled:
- 2019: Stacked gold system identified, including a new lower zone with high-grade gold including 59.6 g/t Au over 1.0 metre within a broader interval grading 14.07 g/t Au over 4.25 metres;
- 2018: Large volcanogenic massive sulphide (VMS) system with favourable VMS geology including widespread, elevated zinc and copper over core lengths greater than 100 metres; and
- 2017: Copper-nickel mineralization over core lengths greater than 10 metres in favourable intrusive rocks.
All three targets on Knaften are wide-open for expansion and further discovery.
The Company also holds permits covering two nickel deposits, Lappvattnet and Rormyrberget, which collectively host 70 million pounds of nickel in historical resources, and the recently staked Norrbotten gold and base metal permits in the Norrbotten District of Sweden.
Gungnir Resources was the result of re-branding in 2014 through various business transactions, and now is fully focused on exploration and discovery in Sweden. Gungnir has a sound management team and board with extensive experience and proven success in mineral exploration, mining and financing, and importantly, expertise in Sweden.
Why Sweden? Sweden is the leading mining nation in Europe and continues to receive high institute rankings as one of the top countries in the world for exploration and mining. Mining is a traditional industry in Sweden which extends back over a thousand years. Sweden covers part of the Fennoscandian shield, a mineral rich but highly underexplored region. Sweden continues to offer excellent ore discovery potential, in particular under glacial till (sand and gravel) which covers large areas of Sweden.
Note: A qualified person for Gungnir Resources has not done sufficient work to classify the historical estimates as current resources and Gungnir is not treating the historical estimates as current mineral resources.