Gungnir Resources Completes Drilling in Sweden
News Release GUG: TSX-V
ASWRF: OTCPK
Gungnir Resources Completes Drilling in Sweden
Surrey BC – September 26, 2019 - Gungnir Resources Inc. (GUG: TSX -V, ASWRF: OTCPK) (“Gungnir” or
the “Company”) is pleased to announce that the Company's summer diamond drilling program at its
Knaften project has been completed. A total of 1,900 m was drilled in ten holes - five holes testing the
Rodingtrask volcanogenic massive sulphide (VMS) target, and five holes testing the Knaften 300 Gold
Zone.
Jari Paakki, Gungnir’s CEO, " We are extremely pleased with sulphide mineralization we encountered, in
particular, at the Knaften 300 Gol d Zone where we hit two parallel zone s of disseminated arsenopyrite
(the key indicator of gold mineralization on the property ) in each of the five holes we drilled. The
arsenopyrite zones now extend close to 250 metres down -dip and are wide open for expansion. We
expect to have a portion of the assays from our summer drilling ready for release in the next several
weeks.”
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 . Successful drill programs in 2017 and 2018 at its
Knaften project resulted in back-to-back new base metal target discoveries; the Rodingtrask VMS and an
adjacent Cu-Ni target. These new targets add significant up -side to the previously gold -only Knaften
project (Knaften 300 Gold Zone) , and now the Company has numerous opportunities at deposit
discovery by way of multiple targets and meta ls. All three targets on Knaften are wide -open for
expansion and further discovery. 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
Jari Paakki, CEO
Email: [email protected]
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.
News Release GUG: TSX-V
ASWRF: OTCPK
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complete all of its exploration programs or that the transaction will complete as anticipated.
Accordingly, undue reliance should not be placed on forward -looking statements or information.
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change, except as may be required by securities law.