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Gungnir Resources Announced High-Grade Gold Discovery at Knaften

Mining News - Published on Mon, 07 Oct 2019

Image Source: juniorminingnetwork.com
Gungnir Resources Inc announced a new, high-grade gold discovery at Knaften. Assay results include 59.6 gram per tonne Au over 1.0 m within the newly discovered Lower Zone at the Knaften 300 Gold Zone.

Highlights:
New high-grade gold (59.6 g/t Au) discovery in hole KN19-06
Highest gold grade drilled to date on the Knaften project
Assays pending for three additional holes
Jari Paakki, Gungnir’s CEO, "With discovery of high-grade gold and the predictability of the Knaften 300 mineralized zones, we have now moved this target to the top of our list. We believe we have a great chance for further discoveries down-dip and to potentially find additional stacked zones at depth. We eagerly await further assays from our 2019 drill program.”

Knaften 300 Gold Zone
Knaften 300 consists of two shallow-dipping, sub-parallel arsenopyrite mineralized zones (Upper and new Lower Zone). Zones vary in core length from about 3 to 8.5 metres and now extend down-dip for close to 250 metres and are open for expansion. Intersections start just 60 metres below surface. With a working thrust-fault model, there is a possibility of additional stacked zones (mineralized thrust faults) at depth and in the western part of the Knaften property.

Results have been received for holes KN19-06 and -07 and are highlighted by high-grade gold mineralization in hole KN19-06. The high-grade gold occurs within a 4.25-metre wide Lower Zone defined by disseminated arsenopyrite and minor amounts of chalcopyrite. Assays for three more holes (KN19-08, -09 and -10) are pending. Please refer to attached drill cross-section (Map 1).

Source :

Posted By : Rabi Wangkhem on Mon, 07 Oct 2019
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