Gungnir Resources kicks off geophysics program with an induced polarization survey at the Knaften gold property

Gungnir Resources Inc (CVE:GUG) (OTCPINK:ASWRF) (FRA:AMO1) is getting started on a new geophysics program at its Knaften gold project in Sweden.  The junior resource company said that induced polarization survey is progressing over an unexplored area that Gungnir believes contains “favourable” host rock to gold mineralization, particularly on licences covering the southern half of a recently acquired quartz diorite intrusion.  The survey is targeting disseminated style mineralization similar to the Knaften 300 Gold Zone, which is located in the northern part of the quartz diorite, according to a statement.  READ: Gungnir Resources poised to begin 2,500 metres of drilling at its Swedish projects Gungnir has reported shallow intersections of high-grade gold from Knaften 300, including 59.6 grams per ton (g/t) gold over 1 metre (m) and “numerous” wide zones of gold mineralization, including 2.92 g/t gold over 13m.  The company also started drilling at Knaften 300 to test for structural extensions of stacked gold mineralization, it told shareholders. Knaften lies at the south-end of the so-called Knaften-Barsele Arc (Gold Line), which hosts a number of gold deposits, including Agnico Eagle's Barsele Gold-VMS project. The asset hosts high-grade gold, VMS (zinc-copper) and copper-nickel targets, all open for expansion. Once work wraps up at Knaften, Gungnir said it plans to drill at its nickel-copper-cobalt-PGE (platinum, palladium and gold) projects, Lappvattnet and Rormyrberget, located east of Knaften. The programs at Lappvattnet and Rormyrberget will test for grade and distribution of PGEs and deposit extensions. Contact Angela at angela@proactiveinvestors.com Follow her on Twitter @AHarmantas