Welcome to our dedicated page for Gungnir Resource news (Ticker: ASWRF), a resource for investors and traders seeking the latest updates and insights on Gungnir Resource stock.
Gungnir Resources Inc. reports exploration and corporate developments for its mineral projects in northern Sweden. The Canadian junior mineral exploration company holds gold and base-metal projects in the Västerbotten District, including the Knaften-Hemberget project along the Swedish Gold Line and the Lappvattnet and Rormyrberget nickel-copper-cobalt deposits.
Recurring news for Gungnir Resources covers exploration permits, field work, surface sampling, target generation, mineral-resource and project-status updates, and Swedish property designations. Company updates also include annual meeting results, board and management changes, and other governance matters tied to its TSX Venture and OTC-traded public-company status.
Gungnir Resources (OTCPink: ASWRF) announced additional assays from drilling at its Lappvattnet nickel deposit in northern Sweden. The findings include significant intersections of nickel, with notable grades of 2.14% Ni over 3.3m and 5.15% Ni over 0.73m. The total nickel resource for Gungnir is approximately 177 million pounds. Drilling aims to expand the existing resource and discover high-grade nickel concentrations. Shares are currently trading at $0.075. Further results are pending from ongoing drilling activities.
Gungnir Resources Inc. (OTC PINK: ASWRF) announced further drill results from the Lappvattnet nickel deposit in Sweden. Three drill holes reported, including LAP22-09, returned significant assays: 5% or better nickel and a remarkable silver hit of 349 g/t. The company aims to define high-grade nickel areas within the underexplored east section of the deposit. To date, 2,800 meters have been drilled in 18 holes in 2022, with ongoing work expected to improve resource classification.
Gungnir Resources (OTC PINK:ASWRF) announced the discovery of a new ultramafic unit, jack-straw textured peridotite, near the high-grade Lappvattnet nickel deposit. This discovery, located 150 metres north of the deposit, may indicate further exploration potential in untested areas with similar geophysical signatures. Drilling has progressed with two new holes intersecting significant peridotite intervals. The company has completed 13 drill holes in 2022, contributing to its total nickel resource of 177 million pounds. Initial assay results are anticipated soon.
Gungnir Resources Inc. (OTC PINK: ASWRF) has updated its ongoing drilling at the Lappvattnet high-grade nickel project in Sweden. Drilling commenced in May, with eight holes completed totaling 1,130 meters. The company has sent drill core samples for analysis, with results expected by late-July or early-August. Previous drill results indicated significant nickel mineralization, with several high-grade hits recorded in 2021. Gungnir’s nickel resources total 177 million pounds across its projects, showcasing robust infrastructure for potential development.
Gungnir Resources (OTC PINK: ASWRF) is set to begin its second-phase drilling program at the Lappvattnet high-grade nickel project in Sweden next week, after a successful first phase in 2021. The company plans to drill approximately 4,000 metres to enhance its current nickel resource. Past drilling revealed significant nickel sulphide intersections, with notable grades like 3.19% nickel over 4.25 metres. The project, which hosts inferred resources totaling 177 million pounds of nickel, benefits from excellent infrastructure and accessibility.
Gungnir Resources has acquired the Hemberget Property in northern Sweden, expanding its polymetallic project portfolio. This 29.4 sq. km property showcases an 11-km magnetic anomaly indicating potential for copper-nickel and VMS mineralization. Located near the Knaften project, the Hemberget area is part of the prolific Skellefte VMS-gold belt. Gungnir plans to conduct exploration and mapping work, while its 2022 focus remains on drilling nickel projects. Additionally, the company has granted nearly 2.54 million stock options to its directors at a strike price of $0.14.
Gungnir Resources Inc. has successfully completed its second tranche of a non-brokered private placement, raising $1,808,200 by issuing 15,068,336 units at $0.12 each. This concludes a total of 21,318,336 units issued, generating gross proceeds of $2,558,200. The funds will support exploration, including drilling on nickel resources in Sweden. Insiders subscribed for 125,000 units, and cash commissions along with finder options were also part of the offering. All securities are subject to a four-month hold period.
Gungnir Resources Inc. has successfully closed the first tranche of its up-sized private placement, raising C$750,000 from a total offering of up to C$2,400,000. Altius Minerals Corporation led this tranche. The company plans to finalize the second tranche on March 28, 2022, with funds allocated for exploration of its nickel resources in Sweden. Each unit consists of a common share and a warrant priced at $0.18 per share for 24 months. The offering is subject to TSX Venture Exchange approval, and all securities will have a four-month hold period.
Gungnir Resources has increased its non-brokered private placement from $1.4 million to $2.4 million due to high market demand. The offering will consist of up to 20 million units priced at $0.12 per unit, potentially raising up to $2.4 million in gross proceeds. Each unit includes one common share and a warrant for another share at $0.18, valid for 24 months. Proceeds will fund exploration and drilling at nickel projects in Sweden. Closing is subject to TSX Venture Exchange approval.
Gungnir Resources Inc. (OTC PINK: ASWRF) has announced an agreement with Altius Minerals Corporation for a strategic investment of $750,000 through the purchase of 6,250,000 units at $0.12 each. The investment supports a larger private placement aiming to raise $1,400,000. Additionally, a royalty option agreement allows Altius to enter royalty agreements on Gungnir's nickel projects for a combined $10 million. Proceeds will fund exploration in Sweden, specifically targeting nickel resources, pending TSX approval.