GUNGNIR Gungnir Stakes Additional Ground at Knaften in Sweden
#404-1688 152nd Street, Surrey, BC V4A 4N2 |T: 604.683.0484 |F: 604.683.7497 1
News Release GUG: TSX -V
ASWRF: OTCPK
GUNGNIR
Gungnir Stakes Additional Ground at Knaften in Sweden
Surrey BC – September 11, 2018 - Gungnir Resources Inc. (GUG: TSX-V, ASWRF: OTCPK) (“Gungnir” or
the “Company”) reports that the Company has expande d its Knaften property in northern Sweden. The
new addition covers outcropping conglomerate and su lphide occurrences on the west side of the
current property boundary. Photos of outcrops will be available for viewing via the home page link on
the Company's website at www.gungnirresources.com . All assays are pending.
The outcrops of conglomerate are located approximat ely 800 metres west of Gungnir’s drill hole KN18-
07 which encountered 120-metre long core length of conglomerate-hosted sulphide mineralization (see
news release dated August 27, 2018). Additional out crops of mafic volcanics with sulphide
mineralization were also mapped and sampled a furth er 200 metres west where a relatively new
forestry road is established. The forestry road pro vided new access onto the steep hill-top area where
KN18-07 was drilled.
The permit application, Knaften nr 400 (195.58 ha), is subject to final approval by the Inspector of
Mining in Sweden.
The Company continues to drill in the KN18-07 area and evaluate the geological setting. The technical
information in this news release has been prepared 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) with
gold and base metal permits in northern Sweden with in a region hosting 12 million ounces of gold
delineated in existing and mined resources plus several past-producing and producing base metal mines.
The Company’s key gold project, Knaften, is situated at the southern extension 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 ho lds a royalty stream from the sale of the Kenville
Gold Project in BC with $3,000,000 still due in thr ee further annual advance cash payments of
$1,000,000 each. Further information about the Comp any 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
Jari Paakki, CEO
Email: [email protected]
#404-1688 152nd Street, Surrey, BC V4A 4N2 |T: 604.683.0484 |F: 604.683.7497 2
News Release GUG: TSX -V
ASWRF: OTCPK
GUNGNIR
Chris Robbins, CFO
Email: [email protected]
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.
Cautionary Note Regarding Forward-Looking Statements: Certain statements made herein may contain
forward-looking statements or information within th e meaning of Canadian securities laws. In certain
cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "i s
expected", "budget", "scheduled", "estimates", "for ecasts", "intends", "anticipates" or "believes", or
variations of such words and phrases or statements that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved", or the negative of these words or
comparable terminology. By their very nature forwar d-looking statements involve known and unknown
risks, uncertainties and other factors which may ca use the actual performance of the Company to be
materially different from any anticipated performan ce expressed or implied by the forward-looking
statements. Such forward-looking statements or information include, but are not limited to, statements
or information with respect to Gungnir Resources’ p lan for future funding, and exploration and
development of its properties. Forward-looking stat ements or information are based on a number of
estimates and assumptions and are subject to a vari ety of risks and uncertainties, which could cause
actual events or results to differ from those reflected in the forward-looking statements or information.
Should one or more of these risks and uncertainties materialize, or should underlying estimates and
assumptions prove incorrect, actual results may vary materially from those described in forward-looking
statements or information. For example, there is no certainty, that any economically viable mineral
deposit will be located on the properties, or that the Company will receive or be able to raise suffic ient
capital to complete all of its exploration programs. Accordingly, undue reliance should not be placed on
forward-looking statements or information. Gungnir does not expect to update forward-looking
statements or information continually as conditions change, except as may be required by securities
law.