LAPLAND UPDATE
Magnus Minerals has had a briefing to local stakeholders in Sodankylä regarding exploration in the Kitinen area with Boliden on 23. Feb 2016 at 6 PM.
LAPLAND UPDATE
Magnus Minerals is working together with Boliden in the Kitinen area in Northern Finland. Exploration Project – Kitinen area (red)
LAPLAND UPDATE
Magnus Minerals has had a briefing to local stakeholders in Sodankylä regarding exploration in the Kitinen area with a new partner.
LAPLAND UPDATE
Magnus Minerals has had a briefing to local stakeholders in Sodankylä and Pelkosenniemi regarding exploration in Lapland. Antofagasta has withdrawn from Finland.
ANTOFAGASTA HAS APPROVED ANOTHER DP (DESIGNATED PROJECT)
Antofagasta has approved another DP (Designated Project) for Lapland with a 1M$ budget. 2014 years budget for Antofagasta work now stand at about 3.2M$.
LAPLAND UPDATE
The projects in Lapland have advanced according to plan. Mapping, prospecting, soil geochemistry, historic data review, and VTEM surveys have been done. We have more than 100 hundred anomalies identified and we have done Base of Till Drilling in more than 40 targets.
ANTOFAGASTA FUNDS PROJECT IN NORTHERN FINLAND
Antofagasta Minerals approved a 2.5M $ budget for 2014 for the Pelkosenniemi and Sodankylä projects. In 2013 Magnus operated a 2M $ budget for Antofasgasta and 0.5M$ in 2012.
FINNAUST LISTED IN LONDON
FinnAust Mining got listed in London on the AIM-exchange on 2.12.2013. Magnus Minerals owns 5.6% of FinnAust. Western Areas owns 68 %. Magnus Minerals has royalties on a number of FinnAust projects. FinnAust website
FINNAUST INTERSECTS 3.4M @ 11.5% COPPER, 54.4PPM SILVER AND 3.0PPM GOLD AT THE HAMMASLAHTI MINE.
The highest grade drill hole intersection at Hammaslahti by FinnAust to date is: DDH R303 DT7: 3.4m @ 11.5% copper, 54.4ppm silver and 3.0ppm gold from 546.1m down hole depth.