Gungnir To Commence Field Work at Knaften-Hemberget, Sweden
Gungnir Resources (TSXV:GUG)(OTCPK:ASWRF) has announced plans for field work at its Knaften-Hemberget project in northern Sweden. The program will focus on exploring gabbro-ultramafic intrusions for potential copper mineralization. Recent archived data from the Swedish Geological Survey revealed a gabbro outcrop with disseminated chalcopyrite and pyrrhotite mineralization at Hemberget, along with chalcopyrite in massive sulphides found in the eastern permits.
Previous drilling in 2017-2018 yielded notable results, including 0.48% Cu over 0.5m, 0.19% Cu over 2.0m, and 0.13% Cu over 14.35m. However, the company notes that significant project advancement will require additional funding through capital raising, earn-in arrangements, or potential merger, with current activities limited to basic prospecting due to depressed market conditions.
Gungnir Resources (TSXV:GUG)(OTCPK:ASWRF) ha annunciato piani per lavori sul campo nel suo progetto Knaften-Hemberget nel nord della Svezia. Il programma si concentrerà sull'esplorazione di intrusioni gabbriche-ultramafiche alla ricerca di potenziali mineralizzazioni di rame. Dati recenti archiviati dal Servizio Geologico Svedese hanno evidenziato un affioramento di gabbro con mineralizzazione disseminata di calcopirite e pirrotite a Hemberget, insieme a calcopirite in solfuri massivi trovati nelle concessioni orientali.
Le perforazioni precedenti nel 2017-2018 hanno prodotto risultati significativi, tra cui 0,48% Cu su 0,5m, 0,19% Cu su 2,0m e 0,13% Cu su 14,35m. Tuttavia, la società sottolinea che un avanzamento importante del progetto richiederà ulteriori finanziamenti tramite raccolta di capitale, accordi di earn-in o una possibile fusione, mentre le attività attuali sono limitate a una semplice prospezione a causa delle condizioni di mercato depresse.
Gungnir Resources (TSXV:GUG)(OTCPK:ASWRF) ha anunciado planes para trabajos de campo en su proyecto Knaften-Hemberget en el norte de Suecia. El programa se enfocará en explorar intrusiones gabro-ultramáficas en busca de mineralización potencial de cobre. Datos recientes archivados por el Servicio Geológico Sueco revelaron un afloramiento de gabro con mineralización diseminada de calcopirita y pirrotita en Hemberget, junto con calcopirita en sulfuros masivos encontrados en las concesiones del este.
Los sondeos previos realizados en 2017-2018 arrojaron resultados notables, incluyendo 0.48% Cu sobre 0.5m, 0.19% Cu sobre 2.0m y 0.13% Cu sobre 14.35m. Sin embargo, la empresa señala que un avance significativo del proyecto requerirá financiamiento adicional mediante levantamiento de capital, acuerdos de earn-in o una posible fusión, con las actividades actuales limitadas a prospección básica debido a las condiciones deprimidas del mercado.
Gungnir Resources (TSXV:GUG)(OTCPK:ASWRF)는 스웨덴 북부의 Knaften-Hemberget 프로젝트 현장 작업 계획을 발표했습니다. 이번 프로그램은 구리 광화 가능성이 있는 가브로-울트라마픽 관입암 탐사에 중점을 둘 예정입니다. 스웨덴 지질 조사국의 최근 보관 데이터에 따르면, Hemberget 지역에서 칼코파이라이트와 피로타이트가 분산된 가브로 노출암이 확인되었으며, 동부 허가구역에서는 대규모 황화광 내 칼코파이라이트도 발견되었습니다.
2017-2018년 이전 시추 결과는 0.48% 구리 0.5m 구간, 0.19% 구리 2.0m 구간, 0.13% 구리 14.35m 구간 등 주목할 만한 성과를 보였습니다. 그러나 회사는 프로젝트의 실질적 진전을 위해서는 자본 조달, 인수 조건 협약 또는 잠재적 합병을 통한 추가 자금 확보가 필요하며, 현재 시장 침체로 인해 활동은 기본적인 탐사에 국한되어 있다고 밝혔습니다.
Gungnir Resources (TSXV:GUG)(OTCPK:ASWRF) a annoncé des travaux sur le terrain pour son projet Knaften-Hemberget dans le nord de la Suède. Le programme se concentrera sur l'exploration des intrusions gabbro-ultramafiques pour une potentielle minéralisation en cuivre. Des données archivées récentes du Service géologique suédois ont révélé un affleurement de gabbro avec une minéralisation disséminée de chalcopyrite et pyrrhotite à Hemberget, ainsi que de la chalcopyrite dans des sulfures massifs trouvés dans les permis à l'est.
Les forages précédents en 2017-2018 ont donné des résultats notables, incluant 0,48% Cu sur 0,5m, 0,19% Cu sur 2,0m et 0,13% Cu sur 14,35m. Cependant, la société souligne qu'une avancée significative du projet nécessitera un financement supplémentaire par levée de fonds, accords d'earn-in ou fusion potentielle, les activités actuelles étant limitées à une prospection basique en raison des conditions de marché déprimées.
Gungnir Resources (TSXV:GUG)(OTCPK:ASWRF) hat Pläne für Feldarbeiten bei seinem Knaften-Hemberget-Projekt in Nordschweden bekanntgegeben. Das Programm konzentriert sich auf die Erkundung von Gabbro-Ultramafischen Intrusionen auf potenzielle Kupfermineralisierung. Kürzlich archivierte Daten des Schwedischen Geologischen Dienstes zeigten einen Gabbro-Aufschluss mit disseminierter Chalkopyrit- und Pyrrhotit-Mineralisierung bei Hemberget sowie Chalkopyrit in massiven Sulfiden in den östlichen Konzessionen.
Frühere Bohrungen in den Jahren 2017-2018 lieferten bemerkenswerte Ergebnisse, darunter 0,48% Cu über 0,5m, 0,19% Cu über 2,0m und 0,13% Cu über 14,35m. Das Unternehmen weist jedoch darauf hin, dass eine wesentliche Projektfortschritt zusätzliche Finanzierung durch Kapitalaufnahme, Earn-in-Vereinbarungen oder eine mögliche Fusion erfordert, wobei die aktuellen Aktivitäten aufgrund der schwachen Marktlage auf einfache Prospektion beschränkt sind.
- Previous drilling confirmed presence of copper mineralization with notable intercepts
- Recently expanded property with identified copper mineralization potential
- Historical data indicates presence of copper-sulphide mineralization in multiple locations
- Limited exploration budget due to depressed junior mining market conditions
- Need for additional funding or strategic partnership to advance project significantly
- Current copper grades from previous drilling are relatively low
SURREY, BC / ACCESS Newswire / May 15, 2025 / Gungnir Resources Inc. (TSXV:GUG:)(OTCPK:ASWRF) ("Gungnir" or the "Company") announces plans to continue to assess the prospectivity of the recently expanded Knaften-Hemberget project located in northern Sweden.
Surface work is part of the Company's plan to increase exploration coverage across its property portfolio in Sweden to potentially generate new targets. The currently planned field work program at Knaften-Hemberget will focus on gabbro-ultramafic intrusions which are potentially favourable for copper mineralization.
Recently reviewed archived data files from the Swedish Geological Survey (SGU) shows a gabbro outcrop with weakly disseminated chalcopyrite (copper-sulphide) and pyrrhotite (iron-sulphide) mineralization at Hemberget, as well as chalcopyrite hosted in massive sulphides in a boulder (glacial float) database in the east half of the newly expanded Knaften permits. No assays were reported. Prospecting and sampling are planned in these locales as well as other gabbro/ultramafic intrusions on the property.
Gabbro-hosted, copper mineralization was discovered at Knaften by Gungnir while drill-testing ground geophysical anomalies in 2017 and 2018. Two drill holes cut thick intervals of gabbro including local disseminated, blebby, patchy and erratically banded pyrrhotite with lesser chalcopyrite. Assays included
Significant project advances will require raising funds, an earn-in type arrangement or possibly an equitable merger. The Company continues to assess prevailing market conditions and manage its capital, and with the currently depressed junior mining sector, limited budget prospecting/mapping at Knaften-Hemberget is anticipated at this time.
The technical information in this news release has been prepared, verified and approved by Jari Paakki, P.Geo., CEO, and a director of the Company. Mr. Paakki is a Qualified Person under National Instrument 43-101.
About Gungnir Resources
Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company (GUG: TSX-V, ASWRF: OTCPK) 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, the Knaften-Hemberget project which hosts a developing intrusion-hosted gold system, a newly discovered gold target at Hemberget, and base metal targets, including copper. Further information about the Company and its properties may be found at www.gungnirresources.com or at www.sedar.com.
On behalf of the Board,
Jari Paakki, CEO and Director
For further information contact:
Head Office/Investor Relations
Phone: +1-604-683-0484
Email: corporatecommunications@gungnirresources.com
Jari Paakki, CEO
Email: jpaakki@eastlink.ca
Chris Robbins, CFO
Email: robbinscr@shaw.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
Certain statements in this news release may constitute "forward-looking information" within the meaning of applicable securities laws (also known as forward-looking statements). Forward-looking information involves known and unknown risks, uncertainties and other factors, and may cause actual results, performance or achievements or industry results, to be materially different from any future results, performance or achievements or industry results expressed or implied by such forward-looking information. Forward-looking information generally can be identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "feel", "intend", "may", "plan", "predict", "project", "subject to", "will", "would", and similar terms and phrases, including references to assumptions. Some of the specific forward-looking information in this news release includes, but is not limited to, statements with respect to: timing of all planned exploration work; expectations that archived field locations mineralization are correct and available for sampling; expectations of successfully raising funds, an earn-in type arrangement or possibly an equitable merger for significant project advances; and Gungnir's plan for development of its properties and the timing thereof.
Forward-looking information is based on a number of key expectations and assumptions made by Gungnir, including, without limitation: access to the projects will remain available; transportation and infrastructure will remain available as anticipated; no change to laws or regulations that negatively affect Gungnir's business; there will be a demand for Gungnir's services and products in the future; Gungnir will be able to operate its business as planned and extend certain licences; Gungnir will be able to access capital markets on and successfully complete financings on terms it determines to be reasonable; and Gungnir's plans for future exploration and development of its properties is reasonable and will be possible within the anticipated timelines. Although the forward-looking information contained in this news release is based upon what Gungnir believes to be reasonable assumptions, it cannot assure investors that actual results will be consistent with such information.
Forward-looking information is provided for the purpose of presenting information about management's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information involves significant risks and uncertainties and should not be read as a guarantee of future performance or results as actual results may differ materially from those expressed or implied in such forward-looking information. Those risks and uncertainties include, among other things, risks related to: no certainty that any economically viable mineral deposit or new targets will be located on Gungnir's properties; that Gungnir may not be able to complete its planned work as anticipated; the impacts of war and/or other international conflicts; ability to access capital markets and complete successful financings on terms Gungnir determines to be reasonable; environmental matters; changes in legislation or regulations; receipt of required licences, permits and approvals; and resource estimates may not be accurate and may differ significantly from actual mineral resources. Management believes that the expectations reflected in the forward-looking information contained herein are based upon reasonable assumptions and information currently available; however, management can give no assurance that actual results will be consistent with such forward-looking information. The forward-looking information contained this news release is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management's current beliefs and is based on information currently available to Gungnir. The forward-looking information is stated as of the date of this news release and Gungnir assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law.
SOURCE: Gungnir Resources Inc.
View the original press release on ACCESS Newswire
FAQ
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