Mississauga, ON -- (SBWIRE) -- 09/15/2014 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Exploration Underway in Sweden for Gungnir Resources.”
Companies mentioned in this article include Hansa Resources (TSX-Venture:HRL), Gungnir Resources Inc. (TSX-Venture:GUG), Mandalay Resources (TSX:MND) and Orex Minerals (TSX-Venture:REX).
Article Excerpt:
Sweden isn’t exactly in the major leagues with other gold mining countries, but the relatively unexplored country does have gold in it and its geopolitical environment couldn’t get much better for miners. While the country is outside the top 25 in gold producing countries, the 2013 Fraser Institute Survey ranks it first for most attractive jurisdictions for mineral exploration and development. About seven years ago, Sweden’s gold prospects made a splash in the business when two grandmothers, who are also amateur geologists, were finding nothing when hunting for wild berries, but a few bangs with their geologist hammers, and they discovered gold. In fact, the rock the ladies cracked open contained 23 grams of gold per ton, nearly five times what the most active mines in the country were yielding. Some experts think the land in the northern part of Sweden could be the largest gold deposit in Europe. The property, which was first optioned by Hansa Resources (TSX-Venture:HRL) and then sold to Sweden’s Botnia Exploration AB, remains relatively undeveloped from what we can tell at AllPennyStocks.com.
For the most part, explorers, including Botnia Exploration and Gungnir Resources Inc. (TSX-Venture:GUG), are focused about 300 miles or so north of the ladies’ find in Overturingen. At the start of 2014, Vancouver-based Gungnir was a privately held company. In February, a deal was reached with Anglo Swiss Resources to which Anglo acquired Gungnir and then changed its name to the later and did a one-for-five reverse split. Anglo Swiss paid $300,000 in cash and issued 32.6 million shares and let three shareholders of Gungnir retain a 2.4 percent net smelter royalty (which included Anglo Swiss CEO Jari Paakki, a minority investor in Gingnir) for the properties acquired in the deal. The properties, Knaften and Nordanas, span about 22,500 hectares (225 sq. miles) in northern Sweden within the area dubbed the “Gold Line” in the mineral rich Vasterbotten District.
The full version of this article can be found at:
http://www.allpennystocks.com/aps_ca/special-reports/447/exploration-underway-in-sweden-for-gungnir-resources.htm
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