Magnus is working with Boliden Mineral AB with which Magnus has formed a JV in the Kitinen area in the fall of 2015.
Magnus’ land holdings in Finland cover areas in the central ore belt, central Lapland and other geologically prospective areas of the country. The Company has a diversified portfolio of properties containing nickel, zinc, copper, lead, cobalt and precious metals.
Magnus not only has one of the most extensive databases for generative exploration in the country, but also unique access to the "second layer of data" – information not necessarily in the public domain, but accessible through decades of experience in exploration in Finland via stakeholders at Universities, The Geological Survey and numerous (semi)retired geologists, who retain valuable first hand knowledge of the country.
Using leading edge GIS computer mapping, data management, modeling expertise, together with access to this "second layer of data", Magnus has compiled and evaluated a wealth of historical property data. Magnus has combined this data mining with an effective field exploration program on a number of properties.
The Pulju belt has proven prospectivity for Komatiite Nickel deposits. Lapin Malmi Oy / Outokumpu have done exploration in the area, starting in the 1960’s, and last work done in 2007 by Anglo American High grade narrow mineralization from HOV 7 (0.9m @ 4.4% Ni) from Hotinvaara in 1984.
Several Ni mineralized serpentinite and dunite beds were intersected Property remains untested with a high exploration potential – never tested with deep penetrating EM all known mineralization sub-/outcropping 138,7 km2 under Magnus Minerals tenure
For more information contact CEO Carl Löfberg.
Magnus owns a minority of FinnAust Mining on an equity basis and holds certain NSR rights on a number of FinnAust projects. Some selected FinnAust projects are shown on the map as well as the FinnAust area of influence.
In late 2012 FinnAust intersected 3.4m @ 11.5% copper, 54.4ppm silver and 3.0ppm gold at the Hammaslahti mine.