Mr. Chris Donaldson reports
VALKEA RESOURCES COMPLETES ITS INAUGURAL DRILL PROGRAM AT THE PAANA PROJECT, CENTRAL LAPLAND, FINLAND
Valkea Resources Inc. has completed over 2,000 metres of core drilling at its 100-per-cent-owned Paana project, located near the Kittila mine, Europe's largest gold producer. The inaugural drill program at Paana was part of the company's phase 1 exploration strategy designed to unlock the potential of the Aarnivalkea West target. The Paana project is strategically located within Finland's highly prospective central Lapland greenstone belt.
Highlights:
- Valkea's inaugural phase 1 drill program complete: Drilling at Paana was focused on investigating the extent and structural controls on higher-grade and disseminated gold mineralization at the Aarnivalkea West target. Assay results are expected in February.
"We are excited to have initiated and completed over 2,000 metres of drilling at the Aarnivalkea West target, which has demonstrated the potential for significant high-grade gold mineralization," said Chris Donaldson, chief executive officer of Valkea. "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."
Drill program
Over 2,000 metres of core drilling in six holes were completed across the northern and southern extents of the Aarnivalkea West target on the Paana project. The drill holes were designed to target the extent and structural and/or lithological controls on higher-grade and disseminated gold mineralization. A series of four systematic stepout holes on approximately 25- to 50-metre centres between and offset from historical holes FAV62 and FAVD71 targeted the southern area whereas two stepout holes targeted the northern extent near FAVD64.
Next steps
Once assays are received and interpreted and the core relogging program is completed, an updated structural and geological model will be generated. This refined model will inform the next phase of exploration the company intends to initiate later in 2025.
Paana project
The Aarnivalkea West target on the Paana project is ideally situated 24 kilometres northwest of Agnico Eagle's Kittila mine and adjacent to Kinross Gold's exploration tenements. The project is within the central Lapland greenstone belt, an emerging gold district recognized for its significant untapped discovery potential. With a supportive regulatory environment and strong local infrastructure, Valkea is well positioned to capitalize on the region's growing importance in the global gold mining sector.
About Valkea Resources Corp.
Valkea is at the forefront of gold exploration in Finland's highly prospective central Lapland greenstone belt. With an extensive portfolio of high-potential projects, including the flagship Paana project, Valkea is committed to discovering and advancing significant gold deposits in one of the world's emerging gold districts.
Qualified person
The disclosure of technical or scientific information in this press release has been reviewed and approved by Dr. Christopher Leslie, PGeo, a qualified person as defined under the terms of National Instrument 43-101. Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate.
Mineralization hosted on adjacent and/or nearby projects is not necessarily indicative of mineralization hosted on Valkea's projects.
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