Västerbotten Investment Agency

Gungnir Resources identifies gold and massive sulphide targets at Knaften

december 9th, 2014

Gungnir Resources reports that it has acquired an existing airborne survey and identified geophysical anomalies coincident with gold and massive sulphide targets on its Knaften property in Västerbotten, northern Sweden.

A 1.5 km long magnetic high coincident with Gungnir’s newly discovered cluster of gold-arsenic boulders including assays up to 8.52 g/t Au. The mineralized boulders contain abundant disseminated pyrrhotite (magnetic Fe-sulphide) and thus a good match with this magnetic trend.

A discrete 500 x 500 metre magnetic high showing excellent correlation with exposed massive sulphides (massive pyrrhotite with pyrite and elevated VMS base metals). The showing also occurs along the edge of a VLF-EM conductor measuring approximately 800 metres in length.

About Gungnir Resources

Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company (V-GUG) focused on discovery of meaningful mineral deposits in favorable geo-political jurisdictions. The company is currently working to advance its newly acquired gold and base metal exploration projects in northern Sweden.

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