Magnetic surveys are carried out along transects or grids to determine, with a magnetometer, geomagnetic field strength. They can be airborne, marine or hand held.
Geologists study the variation in magnetic fields or the magnetic anomaly.
Minerals rich in iron, nickel and cobalt produce positive magnetic anomalies. Ultramafic/mafic intrusions may contain ore deposits formed by gravity settling, magnetite may also be present.
Magnetic surveys do not show depth or composition or structure of the ore body.
Magnetic surveys are used for finding buried steel and waste drums or detecting iron and steel obstructions. They can find unmarked mineshafts and map igneous intrusive rocks.