Gungnir Drills Mineralization In First Three Holes At Knaften 

VANCOUVER, BC -  Gungnir Resources Inc. reported the first three drill holes for 2018 have been completed with KN18-01 to KN18-03 each cutting arsenopyrite mineralization over core lengths of 9.60 to 19.45 meters. Drilling tested the Knaften 300 Gold Zone, a disseminated-style gold zone with arsenopyrite serving as an indicator of gold (as with other gold deposits in the region and in many gold camps elsewhere). All assays are pending.   The initial three holes focused on testing grade and continuity of gold mineralization at Knaften 300, and to establish structural controls on gold mineralization and optimal drill orientations. The next series of holes are underway (3-4 drill holes planned) located approximately 2.5 kilometers to the southwest of Knaften 300. These holes target an area where a wide zone (greater than 50-meter core length) of alteration, arsenopyrite and anomalous gold was discovered in one hole by the previous operator in 2008 and not followed-up. Gungnir then plans to drill electromagnetic anomalies in the area of the Company’s 2017 discovery of copper-nickel bearing sulphides and additional gold targets in the northern half of the property as the program moves forward.