Please refer to accompany schematic long section.
Highlights: High-grade central core of the
Very shallow easterly plunge indicated with a total potential strike extent of approximately 1.5 kilometres
Sparsely drilled east half of the property offers shallow to moderate depth targeting potential
Expanded multi-year drill permit to be submitted
'This round of drilling successfully accomplished our 2023 objectives and shows considerable potential to expand the deposit beyond the current 2020 Lappvattnet nickel resource, in particular the shallow down-plunge extension target in the eastern half of the property where historic drilling is very sparse. Our recently discovered
The 2023 program at Lappvattnet consisted of eight holes drilled on three profiles (Sections 13E, 16E and 19E) totaling 1,910 metres; please refer to accompanying long section and results table below. Gungnir has now drilled 53 holes for 7,345 metres in three rounds at Lappvattnet from 2021 to 2023.
The sub-parallel
About
Contact:
Tel: +1-604-683-0484
Email: corporatecommunications@gungnirresources.com
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: expectations of future resource upgrades or expansions and that new drilling and assays will be incorporated into any resource upgrade or expansion; expectations that the resource extends at depth, along strike or down-plunge; extent of drilling and quantity of drill holes and timing of work permit submission and approvals; planned exploration program including anticipated drilling and geophysics, and the timing thereof 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: expectations of expanding and defining the existing resources are reasonable and possible; access to the resource will remain available; transportation and infrastructure will remain available as anticipated; the COVID-19 pandemic impact on the Canadian and global economy and Gungnir's business, and the extent and duration of such impact; 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; 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 will be located on Gungnir's properties; that Gungnir may not be able to complete its planned drilling as anticipated; the impacts of the COVID-19 pandemic; 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 licenses, 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.
(C) 2023 Electronic News Publishing, source