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Gungnir Drills 21.65 Metres of 1.09% Nickel at Lappvattnet

SURREY, BC / ACCESSWIRE / September 15, 2021 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) ("Gungnir" or the "Company") is pleased to report a wide…

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SURREY, BC / ACCESSWIRE / September 15, 2021 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) ("Gungnir" or the "Company") is pleased to report a wide interval of nickel mineralization from continuing drilling at the Company's Lappvattnet nickel deposit in Sweden. New results reported today significantly expand nickel mineralization in hole LAP21-02.

Highlights:

  • Broad near-surface nickel mineralization, starting at less than 30 metres below surface
  • 1.09% Nickel over 21.65 metres including recently reported high-grade lower portion grading 3.19% Nickel over 4.25 metres in hole LAP21-02 (see NR August 31, 2021)
  • Initial phase of drilling at Lappvattnet expanded to 15 holes

Results Table:

Hole ID

From (m)

To (m)

Length (m)

Ni %

Cu %

Co %

PGEs (g/t)

LAP21-02

28.00

49.65

21.65

1.09

0.21

0.02

0.28

#

45.40

49.65

4.25

3.19

0.37

0.07

0.21

#

45.40

46.50

1.10

5.05

0.17

0.11

0.25

#

48.15

49.65

1.50

4.25

0.13

0.09

0.19

#

48.15

48.40

0.25

7.38

0.07

0.13

0.21

PGEs (g/t) = platinum (Pt) + palladium (Pd) + gold (Au)   
# Previously reported (NR August 31, 2021)    

Seventeen additional assay results were received from core in hole LAP21-02 above previously reported high-grade nickel results. New assays are from host rock peridotite containing disseminated and blebby pyrrhotite from 28 to 45 metres down hole. Nickel values range from 0.37 to 1.83% Ni with up to 0.72 g/t PGEs, with all individual samples over a core length of one metre.

Drilling continues with tighter-spaced holes at the shallow western part of the Lappvattnet deposit. Ten holes have been completed to date. With sulphide mineralization encountered in nine of the ten holes completed, the Company has expanded the current drill plan to fifteen holes from ten. All assays received to date from Lappvattnet have now been reported.

Gungnir's nickel resources in Sweden include Lappvattnet and Rormyrberget. In 2020, the Company updated both resources which collectively total 177 million pounds of nickel (see Technical Report with an effective date of November 17, 2020). The properties are accessible year-round with good transportation and industrial infrastructure including shipping facilities, and are located about an hour drive from Boliden's mill complex.

Nickel resources:

  • Lappvattnet: Inferred Resource of 780,000 tonnes grading 1.35% nickel for 23.1 million lbs (10.5 million kg) of nickel.
  • Rormyrberget: Inferred Resource of 36,800,000 tonnes grading 0.19% nickel for 154 million lbs (70 million kg) of nickel.

The Company also reports results from the Knaften project where three, 100 metre step-out holes were drilled east (hole KN21-01), south (hole KN21-02) and north (hole KN21-03) of the Knaften 300 Gold Zone. All three holes intersected zones of disseminated arsenopyrite and continue to expand the mineralized zone. Assay results include: KN21-01 (0.26 g/t Au over 3 metres from 156 metres); KN21-02 (1.43 g/t Au over 6.0 metres from 136 metres); and KN21-03 (1.87 g/t Au over 3 metres from 144 metres). Planned future exploration work at Knaften will include a focused effort on the new, significant IP geophysical anomalies identified in the south half of the Knaften project (see NRs dated July 7, 2021 and August 3, 2021).

Sample lengths reported in this news release are core lengths; true widths are estimated to be approximately 80 to 90% of the reported drill intercept lengths. Drill core was logged and tagged for sampling at the Company's core logging facility in Lycksele then shipped to ALS Minerals' Core Services Laboratory in Mala. Core was sawed on site in Mala by ALS staff and prepped sample material was sent to ALS's Lab in Ireland. Core was analyzed for multi-elements using code ME-MS41, Cu OG46 analysis for >10000 ppm Cu, NiOG46 analysis for >10000 ppm Ni, and Pt, Pd, and Au were analyzed using fire assay method PGM-ICP27. For Knaften, method Au-ICP21, a 30-gram fire assay with ICP-AES finish, was used for gold analysis. Blanks and certified standards are included with every sample batch for quality assurance and control.

The technical information in this news release has been prepared 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.

About Gungnir Resources

Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company (GUG: TSX-V) with gold and base metal projects in northern Sweden. Gungnir's assets include the Knaften project which hosts a developing intrusion-hosted gold system, and VMS (zinc-copper) and copper-nickel targets, all of which are open for expansion and further discovery. East of Knaften, the Company holds two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, with updated nickel resources. 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

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: planned drilling activities and the expected timing thereof; expectations of additional high-grade nickel assays with the expanded drill program, 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: 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; 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; ability to access capital markets; 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.

SOURCE: Gungnir Resources Inc.



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Today’s News

Ameriwest Lithium Awarded Lithium Clay Rights in Arizona

VANCOUVER, British Columbia, Sept. 28, 2021 (GLOBE NEWSWIRE) — Ameriwest Lithium Inc. (“Ameriwest” or the “Company”) (CSE: AWLI) (OTC: AWLIF)…

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VANCOUVER, British Columbia, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Ameriwest Lithium Inc. (“Ameriwest” or the “Company”) (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0), a North American lithium exploration and development company, is pleased to announce it has it has been awarded seven exploration permits by the Arizona State Land Department to allow the Company to explore for prospective lithium-bearing clays located on lands in west-central Arizona. The property totals nearly 2,859 acres (1,157 hectares) in Yavapai County. Ameriwest refers to the prospect as the Thompson Valley Hectorite Deposit (“Thompson Valley” or the “Property”).

David Watkinson, President and CEO of Ameriwest stated, “We are pleased to make this, the fourth of a series of lithium exploration properties recently staked by the Company in the United States. This deposit represents prospective lithium sedimentary mineralization with surface or near-surface exposure of lithium-bearing clays, with historic grades reported as comparable to those found in similar sedimentary deposits found in Clayton Valley, NV. Ameriwest’s technical team has put together a series of high-quality exploration properties in an extremely short period of time and each of these properties holds promise for the discovery of lithium and, with exploration success, the potential delineation of mineral resources.”

Surface clay deposits were initially discovered in the area in the mid-1950’s by Joseph Lyles and became known as the “White Hills” deposits. The deposits contain bentonite (montmorillonite) and hectorite clays. The deposits have also been sampled historically and are known to contain lithium. Exploration data from the 1960’s shows lithium content of the bentonite ranges from 0.3 to 0.5% Li2O (1,400 to 2,300 ppm Li), which is similar to the lithium contents for other lithium-clay projects located further north in Arizona (Source: Lithium Bearing Bentonite Deposit, Yavapai County, Arizona, J. J. Norton, Geology Survey Research, 1965). Note that these are historic samples taken prior to the implementation of National Instrument 43-101 (“NI 43-101”), QA/QC procedures are unknown, and Ameriwest’s geologists cannot verify the results. The results do indicate the presence of lithium and warrant the need for additional exploration to evaluate the deposits.

Mining operations in the area began in 1985 at the adjacent Lyles Hectorite Mine and it was reported that a few truckloads of the white clay were shipped per year for limited use as a viscosifier for cosmetics and pharmaceuticals. The mine is currently owned and operated by Vanderbilt Minerals, LLC, a subsidiary of R.T. Vanderbilt Holding Company, a private industrial minerals and chemical company that has operated since 1916 and produces and sells industrial minerals and chemicals on a world-wide basis.

The Lyles Mine is located on a State mineral lease adjacent to Ameriwest’s lithium’s mineral leases and exploration permits. The deposits are shallow, occurring at or near surface, perhaps under a sandy or hard caliche layer. It has been reported that the overall clay sequence is 70 feet (21 m) thick, containing a hectorite bed with a thickness ranging from 8 to 35 feet (2.4 to 11 m). This is supported by an older reference that indicates a thickness of over 40 feet (12 m) as a relatively uniform deposit over the area. Note that the vicinity of Ameriwest’s Property adjacent to the Lyles Mine does not guarantee exploration success or that mineral resources or reserves will be defined. No mineral resources or reserves have yet been delineated on the Property.

Ameriwest will be moving towards a field exploration program of geologic mapping and surface sampling to better define the extent and grade of the deposit. The location has good access and is not far from State Highway 93. A county road passes directly through the prospect in an area known as Thompson Valley. The lands are 120 miles (190 km) north of Phoenix, and a large copper mine is found near Bagdad, AZ 35 miles (56 km) to the northwest.

Greg Bell, P.E. (Arizona), a qualified person under the NI 43-101 instrument, has reviewed and approved the technical content of this release.

Ameriwest invites interested stakeholders and shareholders alike to contact our investor relations team or visit our website and sign-up for regular news alerts which will help provide timely updates of ongoing activities. Company management believes strongly in regular communications, updates, and reports from the field, as an important aspect of developing informative and useful engagement as the Company continues to help explore and develop the exciting and rapidly evolving lithium sector.

On Behalf of the Board of Directors,

David Watkinson
President and Chief Executive Officer

For further information, please contact:
Invictus Investor Relations
Tel: +1 (604) 343-8661
info@ameriwestlithium.com
https://ameriwestlithium.com/

About Ameriwest Lithium Inc. (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0)

Ameriwest Lithium Inc. is a Canadian-based exploration company with a focus on identifying strategic lithium mineral resource projects for exploration and development. The Company is currently focused on exploring Nevada’s Deer Musk East property, located in the prolific Clayton Valley, totalling 5,600 acres, the Railroad Valley property, totalling 6,200 acres and Edwards Creek Valley totalling 16,940 acres. Additionally, Ameriwest’s current resource portfolio includes the ESN Project, located in White Pine County, Nevada, and the Koster Dam property, located in the Clinton Mining Division of British Columbia, in which Ameriwest has a 45% interest.

For more information visit: https://ameriwestlithium.com/.

Caution Regarding Forward-Looking Information

Certain statements contained in this news release may constitute forward‐looking information. Forward‐looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The Company’s actual results could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company’s strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release.


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Today’s News

Granada Gold Closes $1,350,000 Flow-Through and Unit Private Placement

TheNewswire – September 29, 2021 – Rouyn Noranda, QC – Granada Gold Mine Inc. (TSXV:GGM) (OTC:GBBFF) (the “Company” or “Granada”) announces that…

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TheNewswire - September 29, 2021 - Rouyn Noranda, QC - Granada Gold Mine Inc. (TSXV:GGM) (OTC:GBBFF) (the “Company” or “Granada”) announces that the Company has closed a non-brokered private placement by way of issuing 7,857,143 Quebec flow-through units (“QFT Units”) at a price of $0.14 per QFT Unit raising gross proceeds of $1,100,000.  The Company will also be issuing 2,500,000 units (“Units”) at a price of $0.10 per Unit raising gross proceeds $250,000.  The Company is raising a total of $1,350,000.

 

Each QFT Unit is comprised of one flow-through common share of the Company and one half of one share purchase warrant.  Each whole warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.20 per share, for a period of two years from closing, subject to TSX Venture Exchange (“Exchange”) approval.

 

Each Unit is comprised of one common share of the Company and one half of one share purchase warrant.  Each whole warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.15 per share, for a period of three years from closing, subject to Exchange approval.

 

The proceeds of the FT and Unit Private Placement will be used for surface exploration, trenching, and historical resampling of drill core on the Company’s Granada Gold Property in Québec and for general working capital purposes.

 

GloRes Securities Inc., the lead finder for the financing, was paid $94,500 in cash and 550,000 finder’s warrants.  An additional 175,000 finder warrants were also paid.  The finder’s warrants are on the same terms as the QFT warrants.  The finder’s fees paid in connection with the private placement are subject to Exchange approval.

 

All securities issued in connection with the private placement will be subject to a four‐month and a day hold period expiring on January 28, 2022 in accordance with applicable Canadian Securities Laws.

 

About Granada Gold Mine Inc.

Granada Gold Mine Inc. continues to develop the Granada Gold Property near Rouyn-Noranda, Quebec. Approximately 120,000 meters of drilling has been completed to date on the property, focused mainly on the extended LONG Bars zone which trends 2 kilometers east-west over a potential 5.5 kilometers of mineralized structure. The highly prolific Cadillac Break, the source of more than 75 million plus ounces of gold production in the past century, cuts through the north part of the Granada property, but is not necessarily indicative of mineralization hosted on the company’s property.

 

The Granada Shear Zone and the South Shear Zone contain, based on historical detailed mapping as well as from current and historical drilling, up to twenty-two mineralized structures trending east-west over five and a half kilometers. Three of these structures were mined historically from four shafts and three open pits. Historical underground grades were 8 to 10 grams per tonne gold from two shafts down to 236 m and 498 m with open pit grades from 3.5 to 5 grams per tonne gold.

  

Updated Mineral Resource

 

The updated resource at the Company’s Granada Gold project in Rouyn-Noranda, Quebec was estimated by SGS Canada and outlined in a January 29, 2021 news release.  The final report was filed March 15, 2021 with an Effective date of December 15, 2020. The 43-101 Technical Report is titled: Granada Gold Project Mineral Resource Estimate Update, Rouyn-Noranda, Quebec, Canada authored by Yann Camus, P.Eng. and Maxime Dupéré, B.Sc, géo. Both of SGS Canada Inc.

 

Updated Mineral Resource Estimate Base Case with Details Between the Open Pit Portion and the Underground Portion

 

Type

Category

Tonnes

Au (g/t)

Gold Ounces

In Pit

Measured1

3,756,000

1.89

228,000

Indicated

1,357,000

2.55

111,000

Measured+Indicated

5,113,000

2.06

339,000

Inferred

34,000

11.29

12,000

Underground

Measured

37,000

4.22

5,000

Indicated

807,000

4.02

104,000

Measured+Indicated

844,000

4.03

109,000

Inferred

1,244,000

6.33

253,000

  1. 1.Cut-off grades are based on a gold price of US$1,600 per ounce, a foreign exchange rate of US$0.76 for CA$1, a gold recovery of 93% 

  2. 2.Pit constrained mineral resources are reported at a cut-off grade of 0.9 g/t Au within a conceptual pit shell 

  3. 3.Underground mineral resources are reported at a cut-off grade of 3.0 g/t Au within reasonably mineable volumes 

 

The Company is in possession of all mining permits required to commence the initial mining phase, known as the “Rolling Start”, which allows the company to mine up to 550 tonnes per day. Additional information is available at www.granadagoldmine.com.

 

“Frank J. Basa”

Frank J. Basa P. Eng.
President and Chief Executive Officer

For further information, please contact:
Frank J. Basa, P. Eng., President and CEO at 1-819-797-4144 or
Wayne Cheveldayoff, Corporate Communications, at 416-710-2410 or
waynecheveldayoff@gmail.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Copyright (c) 2021 TheNewswire - All rights reserved.

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Today’s News

American Manganese Announces Resignation of a Director

SURREY, BC / ACCESSWIRE / September 27, 2021 / American Manganese Inc. ("AMY" or the "Company") (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) announces that Kurt Lageschulte…

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SURREY, BC / ACCESSWIRE / September 27, 2021 / American Manganese Inc. ("AMY" or the "Company") (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) announces that Kurt Lageschulte has resigned as a director of the Company, effective immediately, and Mr. Lageschulte has accepted an appointment to the Company's Advisory Board, also effective immediately.

Larry W. Reaugh, President and CEO, says: "Thank you, Kurt, for your five years of service to the Board. While that term may be finished, we look forward to your continued involvement with the Advisory Committee."

About American Manganese Inc.

American Manganese Inc. is a critical metals company focused on the upcycling of lithium-ion battery waste into high-value battery cathode materials, using its closed-loop RecycLiCo™ process. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel, and manganese, the upcycling process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.

American Manganese's original patented manganese process is the cornerstone technology in the development of the Company's lithium-ion battery cathode recycling process, RecycLiCo™.

On behalf of Management

AMERICAN MANGANESE INC.

Larry W. Reaugh, President and Chief Executive Officer
Telephone: (778) 574-4444 
Email: lreaugh@amymn.com
www.americanmanganeseinc.com
www.recyclico.com

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. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.

SOURCE: American Manganese Inc.



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