Valkea Provides Update from Its Fall Exploration Drill Program at the Paana Project, Northern Finland
Valkea Resources Corp. (OTCQB: OZBKF) has provided an update on its ongoing exploration drill program at the 100% owned Paana Project in northern Finland. The company has completed over 2,000 meters of drilling across five holes at the Koivu Zone, part of the Aarnivalkea West target.
Previous drilling results showed promising intersections including 55.48 meters of 1.63 g/t gold and 36.45 meters of 1.50 g/t gold. The current program includes systematic testing of the Koivu Zone on 50-meter step-outs, covering a ~250 by 100-meter footprint. Samples from the first two holes have been submitted for analysis, with results pending.
The company plans to commence a base of till (BoT) drilling program to evaluate high-priority gold anomalies and expand the Aarnivalkea West target area. The project is strategically located 24 km northwest of Agnico Eagle's Kittilä mine and 65 km northwest of Rupert Resource's Ikkari deposit.
Valkea Resources Corp. (OTCQB: OZBKF) ha fornito un aggiornamento sul suo programma di trivellazione esplorativa in corso al Progetto Paana, al 100% di proprietà, nel nord della Finlandia. L’azienda ha completato più di 2.000 metri di trivellazione attraverso cinque pozzi nella Koivu Zone, parte del bersaglio Aarnivalkea West.
Risultati di trivellazione precedenti hanno mostrato intersezioni promettenti tra cui 55,48 metri di 1,63 g/t d’oro e 36,45 metri di 1,50 g/t d’oro. Il programma attuale prevede test sistematici della Koivu Zone con passi di 50 metri, coprendo un’impronta di circa 250 x 100 metri. Campioni dei primi due fori sono stati inviati per analisi, i cui esiti sono attesi.
L’azienda intende avviare un programma di trivellazione BoT (base of till) per valutare anomalie d’oro ad alta priorità ed espandere l’area bersaglio Aarnivalkea West. Il progetto è strategicamente situato a 24 km a nord-ovest della miniera Kittilä di Agnico Eagle e 65 km a nord-ovest del deposito Ikkari di Rupert Resources.
Valkea Resources Corp. (OTCQB: OZBKF) ha brindado una actualización sobre su programa de perforación de exploración en curso en el Proyecto Paana, 100% propiedad, en el norte de Finlandia. La compañía ha completado más de 2.000 metros de perforación en cinco pozos en la Koivu Zone, parte del objetivo Aarnivalkea West.
Resultados de perforación anteriores mostraron intersecciones prometedoras como 55,48 metros de 1,63 g/t de oro y 36,45 metros de 1,50 g/t de oro. El programa actual incluye pruebas sistemáticas de la Koivu Zone con avances de 50 metros, cubriendo una huella de aproximadamente 250 por 100 metros. Las muestras de los dos primeros hoyos han sido enviadas para análisis, cuyos resultados están pendientes.
La empresa planea iniciar un programa de perforación BoT (base of till) para evaluar anomalías de oro de alta prioridad y ampliar el área objetivo Aarnivalkea West. El proyecto está estratégicamente ubicado a 24 km al noroeste de la mina Kittilä de Agnico Eagle y a 65 km al noroeste del depósito Ikkari de Rupert Resources.
Valkea Resources Corp. (OTCQB: OZBKF) 는 핀란드 북부에 위치한 100% 소유 파나 프로젝트에서 진행 중인 탐사 드릴 프로그램에 대한 업데이트를 제공했습니다. 회사는 Koivu Zone에서 5개 구멍에 걸쳐 2,000미터가 넘는 시추를 완료했으며, 이는 Aarnivalkea West 타깃의 일부입니다.
이전 드릴링 결과는 55.48미터를 1.63 g/t 골과 36.45미터를 1.50 g/t 골과 같은 유망한 교차를 보여줬습니다. 현재 프로그램은 Koivu Zone을 50미터 간격으로 체계적으로 테스트하고 있으며, 면적은 약 250m x 100m 규모입니다. 처음 두 홀의 시료는 분석을 위해 제출되었으며 결과는 보류 중입니다.
회사는 BoT(기토) 시추 프로그램을 시작하여 고우선순위 골 이상을 평가하고 Aarnivalkea West 타깃 영역을 확장할 계획입니다. 이 프로젝트는 애그니코 이글의 키틸라(Kittilä) 광산에서 북서쪽으로 24km에 위치하고 루퍼트 리소스의 이카리(Ikkari) 매장지에서 북서쪽으로 65km에 전략적으로 위치해 있습니다.
Valkea Resources Corp. (OTCQB: OZBKF) a fourni une mise à jour sur son programme de forage d’exploration en cours sur le projet Paana, détenu à 100 %, dans le nord de la Finlande. L’entreprise a terminé plus de 2 000 mètres de forage à travers cinq puits dans la Koivu Zone, faisant partie de la cible Aarnivalkea West.
Des résultats de forage précédents ont montré des intersections prometteuses telles que 55,48 mètres à 1,63 g/t d’or et 36,45 mètres à 1,50 g/t d’or. Le programme actuel prévoit des tests systématiques de la Koivu Zone par pas de 50 mètres, couvrant une empreinte d’environ 250 par 100 mètres. Des échantillons des deux premiers puits ont été soumis à analyse, les résultats étant en attente.
L’entreprise prévoit de lancer un programme BoT (base of till) afin d’évaluer les anomalies aurifères à haute priorité et d’étendre la zone cible Aarnivalkea West. Le projet est stratégiquement situé à 24 km au nord-ouest de la mine Kittilä d’Agnico Eagle et à 65 km au nord-ouest du gisement Ikkari de Rupert Resources.
Valkea Resources Corp. (OTCQB: OZBKF) hat ein Update zu ihrem laufenden Explorationsbohrprogramm im zu 100 % Eigentumsprojekt Paana im Norden Finnlands gegeben. Das Unternehmen hat über 2.000 Meter Bohrungen über fünf Bohrlöcher in der Koivu-Zone abgeschlossen, Teil des Targets Aarnivalkea West.
Frühere Bohrergebnisse zeigten vielversprechende Durchschneidungen, darunter 55,48 Meter mit 1,63 g/t Gold und 36,45 Meter mit 1,50 g/t Gold. Das aktuelle Programm umfasst systematische Tests der Koivu Zone mit 50-Meter-Schritten und deckt eine Fläche von ca. 250 mal 100 Metern ab. Proben der ersten beiden Löcher wurden zur Analyse eingereicht, Ergebnisse stehen noch aus.
Das Unternehmen plant ein BoT-Programm (Base of Till), um hochpriorisierte Goldanomalien zu bewerten und das Target-Gebiet Aarnivalkea West zu erweitern. Das Projekt liegt strategisch 24 km nordwestlich der Kittilä-Mine von Agnico Eagle und 65 km nordwestlich des Rupert Resource Deposit Ikkari.
Valkea Resources Corp. (OTCQB: OZBKF) قدمت تحديثاً حول برنامج الحفر الاستكشافي الجارية في مشروع باانا بنسبة 100% في شمال فنلندا. أكملت الشركة أكثر من 2000 متر من الحفر عبر خمس آبار في منطقة كويفا، جزء من هدف أارنيفالك وستر West.
أظهرت نتائج الحفر السابقة تقاطعات واعدة بما في ذلك 55.48 متراً من 1.63 جم/ط و 36.45 متراً من 1.50 جم/ط. يشمل البرنامج الحالي اختبار كويو Zone بشكل منهجي بخطوات 50 متراً، يغطي أثر يبلغ نحو 250×100 متر. تم إرسال عينات من أول بئرين للتحليل، والنتائج في انتظارها.
تخطط الشركة لبدء برنامج حفر BoT (قاعدة التراب) لتقييم الشذوذات الذهبية عالية الأولوية وتوسيع منطقة هدف أارنيفالك وستر West. يقع المشروع استراتيجياً على بُعد 24 كم شمال غرب من منجم كيتّيلا لـ أجنكو إيجل و65 كم شمال غرب من depósito إكارى لدى روبرت ريسورسز.
Valkea Resources Corp. (OTCQB: OZBKF) 已就其在芬兰北部的 Paana 项目（100% 自有）的持续勘探钻探计划提供更新。公司已在 Koivu 区域完成 超过 2000 米的钻探，涉及五口井，属于 Aarnivalkea West 区域目标的一部分。
先前的钻探结果显示了有希望的交叉区，包括 55.48 米，金品位 1.63 g/t 和 36.45 米，金品位 1.50 g/t。当前计划对 Koivu Zone 进行以 50 米步进的系统性测试，覆盖大约 250 米 × 100 米的范围。前两口井的样品已提交分析，结果待出。
公司计划启动 BoT（基于风化物的土壤基底）钻探项目，以评估高优先级的金异常并扩大 Aarnivalkea West 区域目标。该项目位于战略位置，距离 Agnico Eagle 的 Kittilä 矿区 24 公里西北，距离 Rupert Resources 的 Ikkari 库区 65 公里西北。
- Strong previous drill results with significant gold mineralization intersections
- Strategic location near major gold mines in Finland's top-ranked mining jurisdiction
- 100% ownership of the Paana Project
- Systematic exploration approach with planned Phase 2 program
- Results from current drilling program still pending and unconfirmed
- Early-stage exploration project with no defined resource estimate
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2025) - Valkea Resources Corp. (TSXV: OZ) (OTCQB: OZBKF) (the "Company" or "Valkea") is pleased to provide an update from its ongoing exploration drill program at its
HIGHLIGHTS
- Drilling at the Aarnivalkea West target is ongoing: Over 2,000 meters of drilling have been completed across five holes to date, with samples from the first two holes now submitted to the lab for analysis. Additional holes are being planned as part of a proposed Phase 2 program.
- Holes were drilled to test the extent of disseminated gold mineralization at the Koivu Zone: Step-out holes along strike and up-dip were designed to build on results from previous dill programs, including:
- 55.48 meters of 1.63 g/t gold including 8.50 meters of 8.57 g/t gold, hole FAVD647
- 36.45 meters of 1.50 g/t gold including 15.35 meters of 3.43 g/t gold and including 2.75 meters of 12.92 g/t gold, hole AW-24-0059
- 55.48 meters of 1.63 g/t gold including 8.50 meters of 8.57 g/t gold, hole FAVD647
- Target generation activities set to commence: Base of till (BoT) drilling will begin in the coming weeks across key target areas at the Paana project. The BoT program is designed to strengthen the pipeline of high-priority drill targets.
"Our exploration program at the Aarnivalkea West target is progressing well," stated Chris Donaldson, CEO & Executive Chair. "We have now completed five holes at the Koivu Zone and are encouraged by the mineralization observed which will allow us to start planning for a Phase 2 program. Initial assay results are expected in the coming weeks, while the upcoming BoT program will provide another exciting opportunity to define additional targets across the highly prospective Paana Project. Interest in Finland and specifically in the Central Lapland Greenstone Belt has never been stronger. With gold price at all time highs, Valkea is exceptionally well positioned to advance exploration and unlock value across our district-scale land package in what is ranked the world's number one mining jurisdiction by the Fraser Institute5."
2025 Exploration Program
Valkea's fall 2025 exploration program, designed to systematically evaluate the Aarnivalkea West target as well as develop new, high-priority target areas across the greater Paana Project, is ongoing. The Aarnivalkea West target, located approximately 24 km northwest of Agnico Eagle's Kittilä mine and 65 km northwest of Rupert Resource's Ikkari deposit (Figure 1), is underlain by highly prospective rocks of the Central Lapland Greenstone belt. Based on previous exploration programs, the broad and open ~1.3 km long target is considered prospective for both Kittila-style, high-grade mineralization (Honka Zone) and Ikkari-style disseminated mineralization (Koivu Zone).
Drilling Update:
Over 2,000 meters of diamond drilling has been completed at the Koivu Zone, located on the northern extent of the Aarnivalkea West target area (Figure 2). Five holes have so far investigated the up-dip and strike-extent of disseminated, bulk-tonnage gold mineralization as well as for the presence of parallel zones near hole AW-24-005 (36.45 meters of 1.50 g/t gold including 15.35 meters of 3.43 g/t gold and including 2.75 meters of 12.92 g/t gold, see Company's news release dated February 27th, 2025) and FAVD-64 (55.48 meters of 1.63 g/t gold including 8.50 meters of 8.57 g/t gold7). Holes were designed to systematically test the Koivu Zone on 50-meter step-outs, covering a ~250 by 100-meter footprint to a depth of ~300 meters. Results from these holes will be used to better evaluate the continuity of gold mineralization at the Koivu Zone.
Core samples from the first two holes have now been submitted to the lab for assay analyses and results are pending. Data from all Phase 1 drill holes will be used to inform additional larger step-out holes in a proposed Phase 2 drill program.
Target Generation Update:
A base of till (BoT) drill program is scheduled to commence in the coming weeks. The focus of the BoT program will be on evaluating the footprints of high-priority gold anomalies defined in earlier programs and also on evaluating the western, eastern and northern extent of the broad Aarnivalkea West anomaly. Results from the BoT program will be used to refine new drill targets.
Figure 1. Map of the Central Lapland Greenstone Belt highlighting Valkea's landholdings as well as neighboring companies and associated exploration, development and mining projects. Abbreviations: P&P* = Proven and Probable Mineral Reserve, Prob.+ = Probable Mineral Reserve. See references below for sources of data.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7621/267770_valkea_1_550.jpg
Figure 2. Map showing previous drill collar locations (Valkea 2024 collars are shown in black) with selected highlights from the Aarnivalkea West target, Paana Project. The focus for the ongoing Phase 1 drill program is the Koivu Zone (outlined in red). An area for a Phase 2 drill program (outlined in orange) is proposed. See references below for sources of data.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7621/267770_afbd2f8884d358bd_002full.jpg
Figure 3. Photo of a drill rig advancing a drill hole at the Koivu Zone, Paana Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7621/267770_valkea_3_550.jpg
About Valkea Resources
Valkea Resources at the forefront of gold exploration in Finland's highly prospective Central Lapland Greenstone Belt (CLGB). With an extensive portfolio of high-potential projects, including the flagship Paana project, Valkea Resources is committed to discovering and advancing significant gold deposits in one of the world's emerging gold districts.
Contact Information
For more information please contact:
Chris Donaldson, Chief Executive Officer and Director
Tel: (604) 813-3931 | Email: info@valkea.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Qualified Person
The disclosure of technical or scientific information in this press release has been reviewed and approved by Christopher Leslie, Ph.D., P.Geo., Chief Geologist for Valkea Resources and 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. The historical technical information has not been verified by Valkea and may in some instances be unverifiable. Mineralization hosted on adjacent and/or nearby projects is not necessarily indicative of mineralization hosted on Valkea's projects.
References
1. Agnico Eagle website (agnicoeagle.com), Dec. 31, 2024 Reserve & Resource statement, P&P* = Proven and Probable Mineral Reserve
2. Thomas, B., and Daffern, T. (2025), Ikkari Pre-Feasibility Study, NI 43-101 Technical Report, Effective Date February 14, 2025, Rupert Resources website (rupertresources.com) Prob+ = Probable Mineral Reserve
3. Aurion Gold website (aurion.com), May 2nd, 2022 NR and June 13th, 2022 NR
4. Aurion Gold website (aurion.com), March 19th, 2024 NR
5. See Fraser Institute news release https://www.fraserinstitute.org/sites/default/files/2025-07/annual-survey-of-mining-companies-2024-newsrelease-intl.pdf
6. S2 Resources website (s2resources.com.au), August 12th, 2020 NR
7. S2 Resources website (s2resources.com.au), January 4th, 2021 NR
8. S2 Resources website (s2resources.com.au), October 11th, 2021 NR
Forward-Looking Statements
This news release contains forward-looking statements or forward-looking information relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements in this news release include but are not limited to commencement of trading on the TSXV.
Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable. Assumptions have been made regarding, among other things: the benefits of the Acquisition and the Offering; the Company's ability to carry on exploration and development activities; the timely receipt of required approvals; the price of metals; the integration of assets acquired by the Company; and the Company's ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors include but are not limited to: the Company's early stage of development; the fluctuation of the price of metals; the availability of additional funding as and when required; the speculative nature of mineral exploration and development; the timing and ability to maintain and, where necessary, obtain necessary permits and licenses; the uncertainty in geologic, hydrological, metallurgical and geotechnical studies and opinions; infrastructure risks, including access to water and power; environmental risks and hazards; risks associated with negative operating cash flow; and risks associated with dilution. For a further discussion of risks relevant to the Company, see the Company's other public disclosure documents.
Although management has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There is no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except as, and to the extent required by, applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267770
FAQ
What are the latest drilling results from Valkea Resources (OZBKF) at the Paana Project?
Where is Valkea Resources' Paana Project located and what are its strategic advantages?
What is the current exploration status of OZBKF's Koivu Zone?
What are Valkea Resources' next steps for the Paana Project exploration?
