Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company (GUG: TSX-V) focused on gold and base metal exploration in Sweden. The Company holds exploration permits in Sweden’s mineral-rich Vasterbotten District which hosts 12 million ounces of gold delineated in existing and mined resources plus several past-producing and producing base metal mines. Gungnir additionally holds a $5,000,000 royalty stream and received the first annual payment of $1,000,000 on May 2, 2017. The next annual payment of $1,000,000 is due on April 30, 2018.
The Company’s key focus is its Knaften project in Sweden. The property is located at the south end of the “Gold Line” which hosts a number of gold deposits including Faboliden and Svartliden (Dragon Mining), and Barsele (Agnico Eagle and Barsele Minerals). The Company also holds permits covering two nickel deposits, Lappvattnet and Rormyrberget, which collectively host 70 million pounds of nickel in historical resources, and newly staked Norrbotten gold and base metal permits in the Norrbotten District further to the north.
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.
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.
Mr. Jari Paakki, P.Geo., is a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Paakki prepared the technical information contained on this website and has approved its disclosure.