Magnus Minerals has signed a JV agreement with Boliden regarding the Pelkosenniemi property and started drilling on the Pelkosenniemi site on Jan 11th 2017.
Petri has worked on variety of commodities and deposit types including volcanic-hosted massive sulfides (VMS), iron ore, Cu-porphyry deposits, technology metals, gold and diamonds. Mostly recently he was engaged as Exploration Manager Europe for the First Quantum Minerals Ltd.
Petri is an accreted Chartered Professional of Australian Institute of Mining and Metallurgy (AusIMM), European Geologist (EurGeol), Qualified Person (QP) and SEG Fellow.
Magnus Minerals has bought 100% ownership of Oy SES Finland Ltd in June 2016. SES Finland did exploration from the end of 1980 to 2005. They worked with BHP, DiaMet and a number of other companies doing exploration work with more than 30 million USD. Magnus Minerals will have SES Finland’s database and will utilize it for exploration purposes.
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.
Magnus Minerals is working together with Boliden in the Kitinen area in Northern Finland.
Exploration Project - Kitinen area (red)
Magnus Minerals has had a briefing to local stakeholders in Sodankylä regarding exploration in the Kitinen area with a new partner.
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 Antofagasta has withdrawn from Finland.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) for Lapland with a 1M$ budget. 2014 years budget for Antofagasta work now stand at about 3.2M$.
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 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 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
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.