Valkea Resources: Initial Drill Assays Due for Flagship Paana Gold Project, Finland

Valkea Resources Inc. (TSX-V: OZ)(OTC: OZBKF), currently trading around C$0.32 per share, has announced the completion of over 2,000 metres of core drilling — with assays due next month — at its 100%-owned Paana gold project located within Finland’s highly-prospective Central Lapland greenstone belt.

The belt comprises an emerging gold district, with operations by majors, recognized for its significant untapped discovery potential.

For example, the Paana project’s Aarnivalkea West target is situated just 24 km northwest of Agnico Eagle’s (NYSE: AEM) Kittilä Mine, Europe’s largest gold producer, and adjacent to Kinross Gold’s (NYSE: KGC) exploration tenements.

Valkae project map

Valkea’s recently completed drill program at Paana focused on investigating the extent and structural controls on higher-grade and disseminated gold mineralization at the Aarnivalkea West target. 

Valkea Resources CEO Chris Donaldson — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the program via press release: 

“We are excited to have initiated and completed over 2,000 meters of drilling at the Aarnivalkea West target, which has demonstrated the potential for significant high-grade gold mineralization. Our systematic approach, including drilling and the relogging of historical core, will provide the data we need to refine our structural model and identify additional opportunities across the Paana project. This marks an important step in our commitment to unlocking the untapped potential of our projects in Finland’s Central Lapland Greenstone Belt.” 

In terms of the recently completed program, a total of six holes were completed, four of which were step-outs from historical drill holes, on 25 to 50-meter centers. 

Highlights from that historical drill program (2020) include:

  • 65.4m of 1.5 g/t Au, including 4.0m at 18.1 g/t Au
  • 55.5m of 1.6 g/t Au, including 20.4m at 4.0 g/t Au

Valkea reports that the structural setting of the Paana project covers extensions of regional shear zones considered highly-prospective for orogenic gold mineralization with many geological similarities to the 9.0 Moz Kittilä deposit.

The Paana project is considered a target-rich environment with the northern tenement package hosting the Aarnivalkea East discovery as well as the highly-prospective Rova target (see below)

Valkea project map

The Valkea team is now tasked with combining forthcoming assay results from its recently completed drilling at Paana with historical data from the previous operator to generate an updated geological model with which to map out the next phase of exploration slated for later in the year. 

As noted, those assays should start trickling in within the next couple of weeks.  

And far from a one-trick pony, Valkea’s portfolio comprises four other exploration properties, including the Sikavaara gold project, which is being advanced via an option agreement with Rupert Resources (TSX: RUP) whereby Rupert is spending ~C$5M in exploration over 6 years for a 70% interest with Mr. Chris Donaldson adding:

“We are very pleased that Rupert is advancing to Stage-2 of the Agreement. Rupert has demonstrated its exploration expertise with multiple significant discoveries in this prolific greenstone belt in Finland. The Sikavaara licences sit along the same structural corridor that host Rupert’s Ikkari deposit, making them the ideal partner for exploring the Project…”

Following the completion of Stage-2 expenditures at Sikavaara, a joint venture will be established (70% Rupert; 30% Valkea) with Rupert Resources as operator. 

With multiple irons in the fire for Valkea in a bullish gold environment as we kick off 2025, our own Gerardo Del Real of Junior Resource Monthly caught up with Valkea Resources CEO Chris Donaldson for an in-depth discussion on the benefits of operating in Finland’s Central Lapland region, as well as next-steps in the advancement of the flagship Paana gold project. Please enjoy! 

For additional information on Vancouver-based Valkea Resources, be sure to email the company’s IR department at info@valkea.ca.

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Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest

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