Gungnir Receives Swedish Gold Line Permit Approvals and Announces Collaboration with LTU for Ni-Cu-PGE Study
Gungnir Resources (GUG:TSX-V, ASWRF:OTCPK) has received final approval for permit applications within its Knaften-Hemberget gold project in Sweden's Vasterbotten District. The company's 15,000-hectare portfolio includes the Knaften 300 Gold Zone and the newly discovered Hemberget gold target (2024), along with two inferred nickel resources.
The company announced a collaboration with Lulea University of Technology (LTU) to study its high-grade Lappvattnet nickel deposit, funded by the Swedish Agency for Economic and Regional Growth. This study is part of the larger Critical Metals in Vasterbotten project (CRM-V), focusing on geo-metallurgy, sustainable mining methods, and exploration technologies. Notably, Gungnir will not need to make any monetary contribution to this research.
The company indicates that significant project advances will require additional funding through capital raising, an earn-in arrangement, or a potential merger.
Gungnir Resources (GUG:TSX-V, ASWRF:OTCPK) ha ricevuto l'approvazione finale per le domande di permesso relative al suo progetto aurifero Knaften-Hemberget nel distretto di Vasterbotten in Svezia. Il portafoglio dell'azienda, che si estende su 15.000 ettari, include la Knaften 300 Gold Zone e il nuovo obiettivo aurifero Hemberget (2024), insieme a due risorse di nichel inferite.
L'azienda ha annunciato una collaborazione con la Università Tecnologica di Lulea (LTU) per studiare il suo deposito di nichel di alta qualità Lappvattnet, finanziato dall'Agenzia Svedese per la Crescita Economica e Regionale. Questo studio è parte del progetto più ampio Critical Metals in Vasterbotten (CRM-V), che si concentra sulla geo-metallurgia, metodi minerari sostenibili e tecnologie di esplorazione. È importante notare che Gungnir non dovrà effettuare alcun contributo monetario a questa ricerca.
L'azienda indica che i significativi progressi del progetto richiederanno ulteriori finanziamenti attraverso raccolta di capitali, un accordo di earn-in o una potenziale fusione.
Gungnir Resources (GUG:TSX-V, ASWRF:OTCPK) ha recibido la aprobación final para las solicitudes de permisos dentro de su proyecto de oro Knaften-Hemberget en el distrito de Vasterbotten, Suecia. El portafolio de la compañía abarca 15,000 hectáreas e incluye la Knaften 300 Gold Zone y el nuevo objetivo de oro Hemberget (2024), junto con dos recursos de níquel inferidos.
La empresa anunció una colaboración con la Universidad Tecnológica de Lulea (LTU) para estudiar su depósito de níquel de alta ley Lappvattnet, financiado por la Agencia Sueca de Crecimiento Económico y Regional. Este estudio es parte del proyecto más amplio Critical Metals in Vasterbotten (CRM-V), que se centra en la geo-metalurgia, métodos de minería sostenibles y tecnologías de exploración. Cabe destacar que Gungnir no necesitará hacer ninguna contribución monetaria a esta investigación.
La empresa indica que los avances significativos del proyecto requerirán financiamiento adicional a través de la recaudación de capital, un acuerdo de earn-in o una posible fusión.
Gungnir Resources (GUG:TSX-V, ASWRF:OTCPK)는 스웨덴 바스테르보텐 지역의 Knaften-Hemberget 금 프로젝트에 대한 허가 신청의 최종 승인을 받았습니다. 회사의 15,000헥타르 포트폴리오는 Knaften 300 Gold Zone과 새롭게 발견된 Hemberget 금 목표(2024), 그리고 두 개의 추정 니켈 자원을 포함합니다.
회사는 스웨덴 경제 및 지역 성장청의 자금 지원을 받아 Lulea 기술대학교 (LTU)와 협력하여 고품질 Lappvattnet 니켈 매장량을 연구한다고 발표했습니다. 이 연구는 geo-metallurgy, 지속 가능한 채굴 방법 및 탐사 기술에 중점을 둔 더 큰 Critical Metals in Vasterbotten 프로젝트 (CRM-V)의 일환입니다. 특히 Gungnir는 이 연구에 대해 금전적 기여를 할 필요가 없습니다.
회사는 프로젝트의 중요한 발전이 자본 조달, earn-in 계약 또는 잠재적 합병을 통해 추가 자금이 필요할 것이라고 밝혔습니다.
Gungnir Resources (GUG:TSX-V, ASWRF:OTCPK) a reçu l'approbation finale pour ses demandes de permis dans le cadre de son projet aurifère Knaften-Hemberget dans le district de Vasterbotten en Suède. Le portefeuille de l'entreprise s'étend sur 15 000 hectares et comprend la Knaften 300 Gold Zone ainsi que le nouvel objectif aurifère Hemberget (2024), ainsi que deux ressources en nickel inférées.
L'entreprise a annoncé une collaboration avec la Université Technologique de Lulea (LTU) pour étudier son dépôt de nickel de haute qualité Lappvattnet, financé par l'Agence suédoise pour la croissance économique et régionale. Cette étude fait partie du projet plus large Critical Metals in Vasterbotten (CRM-V), qui se concentre sur la géométallurgie, des méthodes d'exploitation minière durables et des technologies d'exploration. Notamment, Gungnir n'aura pas besoin de faire de contribution monétaire à cette recherche.
L'entreprise indique que des avancées significatives du projet nécessiteront un financement supplémentaire par le biais d'une levée de fonds, d'un accord d'earn-in ou d'une fusion potentielle.
Gungnir Resources (GUG:TSX-V, ASWRF:OTCPK) hat die endgültige Genehmigung für Genehmigungsanträge im Rahmen seines Knaften-Hemberget Goldprojekts im Vasterbotten-Distrikt in Schweden erhalten. Das Portfolio des Unternehmens umfasst 15.000 Hektar und beinhaltet die Knaften 300 Gold Zone sowie das neu entdeckte Hemberget Goldziel (2024) und zwei geschätzte Nickelressourcen.
Das Unternehmen gab eine Zusammenarbeit mit der Technischen Universität Lulea (LTU) bekannt, um sein hochgradiges Lappvattnet-Nickelvorkommen zu untersuchen, das von der Schwedischen Agentur für Wirtschaft und regionale Entwicklung finanziert wird. Diese Studie ist Teil des größeren Projekts Critical Metals in Vasterbotten (CRM-V), das sich auf Geo-Metallurgie, nachhaltige Bergbaumethoden und Erkundungstechnologien konzentriert. Bemerkenswert ist, dass Gungnir keinen finanziellen Beitrag zu dieser Forschung leisten muss.
Das Unternehmen weist darauf hin, dass erhebliche Fortschritte im Projekt zusätzliche Mittel durch Kapitalbeschaffung, eine Earn-in-Vereinbarung oder eine potenzielle Fusion erfordern werden.
- Received final permit approvals for Knaften-Hemberget gold project
- Secured cost-free research collaboration with LTU for Lappvattnet nickel deposit study
- New gold target (Hemberget) discovered in 2024
- Additional funding required for significant project advances
- Knaften 300 Gold Zone lacks defined mineral resource due to insufficient exploration
SURREY, BC / ACCESS Newswire / March 19, 2025 / Gungnir Resources Inc. (GUG:TSX-V)(ASWRF:OTCPK) ("Gungnir" or the "Company") announces it has received final approval of all recent permit applications within the Knaften-Hemberget gold project located in the southern part of the Swedish Gold Line in the Vasterbotten District.
Gungnir's 15,000-hectare property portfolio includes established gold targets, large under-explored land position for gold and base metals, and nickel resources. The Company's key targets include: the Knaften 300 Gold Zone (1) and the new Hemberget gold target which was discovered in 2024; and two separate inferred nickel resources (2), including the more important, high-grade Lappvattnet nickel deposit. Please see updated "Corporate Presentation". Significant project advances will require raising funds, an earn-in type arrangement or possibly an equitable merger.
The Company also announces a planned collaboration with Lulea University of Technology (LTU) for studies at its high-grade Lappvattnet nickel deposit, funded by the Swedish Agency for Economic and Regional Growth. No monetary contribution by Gungnir is required. The study at Lappvattnet will form part of the larger Critical Metals in Vasterbotten project ("CRM-V") including geo-metallurgy and mineral engineering studies, examining new methods for efficient and sustainable mining of small to medium-sized deposits, development of new exploration technologies, and assembly of a geoscience database on critical metals in the Vasterbotten District.
The technical information in this news release has been prepared, verified 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.
Notes:
There has been insufficient exploration to define a mineral resource at the Knaften 300 Gold Zone, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
The NI 43-101 Technical Report entitled "TECHNICAL REPORT on the LAPPVATTNET and RORMYRBERGET DEPOSITS, NORTHERN SWEDEN" was prepared by Reddick Consulting Inc. Qualified Persons are John Reddick, M.Sc., P.Geo., and Thomas Lindholm, M.Sc., Fellow AusIMM. The Effective Date is November 17, 2020.
About Gungnir Resources
Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company (GUG:TSX-V)(ASWRF:OTCPK) with gold and base metal projects in northern Sweden. Gungnir's assets include two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, both with updated nickel resources, the Knaften-Hemberget project which hosts a developing intrusion-hosted gold system, a newly discovered gold target at Hemberget, and secondary VMS-style mineralization and copper-nickel targets. 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
Email: corporatecommunications@gungnirresources.com
Jari Paakki, CEO
Email: jpaakki@eastlink.ca
Chris Robbins, CFO
Email: robbinscr@shaw.ca
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.
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 successfully raising funds, an earn-in type arrangement or possibly an equitable merger to significantly advancing projects; 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: access to the projects will remain available; transportation and infrastructure will remain available as anticipated; 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 including receipt of all permits and extension of certain permits; Gungnir will be able to access capital markets 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 or new targets will be located on Gungnir's properties; gold prices may significantly decline; ability to find required contractors and partners to assist Gungnir as well as other types of arrangements with third parties to advance projects; that Gungnir may not be able to complete its planned work as anticipated; 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 permits, 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.
SOURCE: Gungnir Resources Inc.
View the original press release on ACCESS Newswire
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