Arctic Minerals is pleased to issue an update on its exploration progress in northern and central Finland. The 2019/2020 autumn and winter campaign has been focused towards drilling in the zinc-copper-gold Vihanti area of central Finland as well as the exploring for copper in the Peräpohja Schist Belt in northern Finland. The exploring for copper in the Peräpohja is carried out through the January 2020 joint venture agreement with the world leading mining group Rio Tinto. For 2020, additional exploration is targeted for the battery metals project in Kiiminki in central Finland and gold at Nutukka in the Central Finnish Lapland Greenstone Belt.
The Board of Directors of Arctic Minerals AB (publ) has appointed Jonatan Forsberg as new CEO of the Company. He replaces Krister Söderholm, who will retire as CEO but continue as Director of the Board. Jonatan will take up his position from March 1, 2020.
Arctic Minerals AB is pleased to announce that it has signed an earn-in and joint venture agreement with Rio Tinto Mining & Exploration Ltd, a subsidiary of the Rio Tinto Group. Rio Tinto is one of the world's largest mining companies. The agreement concerns Artic Minerals' copper exploration project in the Peräpohja region of southern Finnish Lapland. The exploration is carried out by Arctic Minerals' wholly owned subsidiary, Norrbotten Exploration AB, which is holder of the exploration reservations and exploration permits. The agreement is subject to the completion of satisfactory due diligence by Rio Tinto.
Arctic Minerals AB is pleased to announce that drilling at its Vihanti, Finland zinc-copper-gold project, has commenced this week. The Vihanti project includes three drill targets, Kuuhkamo, Vilminko and Vihanti Deeps. Drilling has now commenced at the first target, Kuuhkamo.
Arctic Minerals AB (Nasdaq First North Growth Market, Stockholm ("ARCT") is pleased to announce it has identified a new area with exploration potential for PGE (platinum group elements) and chromite in northern Finland. Arctic Minerals' subsidiary, Norrbotten Exploration AB, has therefore applied to Tukes, the authority in charge of mineral rights in Finland, for an exploration reservation covering 8.0 km2. The new reservation application, "Paasivaara", is located approximately 15 km northeast of the city of Kemi, Finland.
Arctic Minerals AB (Nasdaq First North Growth Market, Stockholm: "ARCT") is pleased to announce that it has been granted an exploration permit for its Vilminko zinc-copper-gold target in central Finland. The permit has been granted by Tukes, the authority in charge of mineral rights in Finland. The receipt of the permit will allow the company to carry out exploration drilling at Vilminko.
Arctic Minerals AB is pleased to announce that drilling at its Vihanti, Finland zinc-copper-gold project will start in November 2019. This follows the granting of the necessary exploration permit by the mining authority, Tukes. The Lampinsaari exploration permit includes both the "Vihanti Deeps" and the "Kuuhkamo" drill targets.
Arctic Minerals AB is pleased to announce it has identified a new area with exploration potential for gold in northern Finland. The company has therefore to Tukes, the authority in charge of mineral rights in Finland, applied for an exploration reservation covering 365 km2, approximately 100 km northeast of the town of Kittilä, Finland and approximately 20 km southwest of the old gold panning village of Tankavaara. The approval of the application by Tukes is expected soon and the reservation is valid two years from date of filing.