Gungnir Resources, Inc. (ASWRF)

[ThSeeker]

Gold Investment Letter:
Highlights:

Company confirms near-surface gold mineralization; drills 13.7 m of 1.2 g/t Au in its first hole starting at a depth of 59.9m. Several kilometres open for expansion and exploration along strike.

Drill discovery of new, highly anomalous copper-nickel sulphides hosted in layered gabbro; up to 0.53% combined Cu+Ni in assays and high Cu tenor. Numerous untested, highly conductive geophysical targets immediately to the south.

"As relatively expected we confirmed near-surface gold mineralization in the area previously drilled at the Knaften 300 Gold Zone, but what we did not expect is drilling into new copper-nickel bearing sulphides on the property”, stated Gungnir’s CEO, Jari Paakki. "Not only do we have an excellent gold play, we now have copper-nickel targets at Knaften that could potentially add to our Sweden nickel-copper resources we already have (## historical resources of 70 million pounds of nickel). Now that we have completed a quick first pass, we plan to ramp-up drilling efforts in 2018 on both gold and base metals targets.”

KN17-05 drilled 212 metres of layered gabbro (its entire length) hosting three separate magmatic sulphide mineralized sections ranging from 0.3 to 6 metres consisting of variably disseminated, net-textured and blebby pyrrhotite with chalcopyrite. ** Tenors for individual samples ranged from 0.79 to 14.14% Cu and 0.54 to 2.06% Ni in 100% sulphide.

Back to Eric.....the gold prospects here are exciting and now we add a potential very high grade copper/nickel system to target. People seem to be paying no mind or value to the fact that Gungnir already has 70 million pounds of nickel resource. The beauty here is an underlying $1MM annual cash royalty the company will receive until 2022 which limits their need to raise fresh capital to drill. The stock is selling off on very low volume which is creating a new buying opportunity in GUG...I remain very bullish on GUNGNIR Resources (GUG/ASWRF).