Gungnir Resources Expands Gold Property in Sweden by 92 Square Kilometers

Gungnir Resources Inc. has announced a significant expansion of its Knaften-Hemberget gold property. Located in Sweden's Vasterbotten District, the property gains 9,216 hectares, bringing its total to over 15,000 hectares. These new permits enhance Gungnir’s exploration potential along the Gold Line, a promising but largely under-explored gold belt.

The expansion seeks to uncover bedrock sources of gold along the same structural trend as First Nordic Metals Corp. Earlier exploration efforts at Knaften include promising drill results at the Knaften 300 Gold Zone, with assays as high as 59.60 g/t Au. Additionally, a surface gold target has been identified at the Hemberget property.

Gungnir's expansion aligns with record gold prices and aims to further explore the regional gold-in-till anomaly. The company is exploring funding avenues, including raising capital, partnerships, or a merger, to advance its gold and nickel projects in Sweden.