Valkea Resources - Fall Drilling Starts at Paana, Focus on Koivu Zone
Valkea Resources (TSX-V: OZ | OTCQB: OZBKF | FSE: S600) has launched its fall drill program at the Paana Project in Finland. President & CEO Chris Donaldson joins the KE Report to outline the strategy, starting with step-outs at the Koivu Zone, new target generation, and the company’s broader exploration plans in this Tier-1 district.
Key points:
- Fall Drill Program (~2,000m): Step-outs at the Koivu Zone following encouraging intercepts from the last campaign (e.g., ~55m @ ~1.6 g/t Au; ~36m @ ~1.5 g/t Au), plus ongoing target generation.
- Geologic Model & Strategy: Koivu Zone shows disseminated “Ikkari/Rupert-style” gold; Honka Zone is “Kittilä-style” high-grade. Team will test if Koivu and Honka zones connect.
- Target Pipeline: Base-of-till drilling across multiple anomalies and work advancing the northern Rova project.
- Core Re-logging & Structural Work: Refining structure and controls on mineralization using historic holes to tighten targeting.
- Team & Operations: New Exploration Manager, Jens Rönnqvist, on the ground in Finland to coordinate fieldwork and community engagement.
- Jurisdiction & Neighbors: Paana sits in a Tier-1 district alongside Agnico Eagle’s Kittilä Mine, B2Gold/Aurion, and Rupert Resources. Finland ranked #1 by the Fraser Institute for mining attractiveness; recent financings underscore capital flowing into the belt.
- Near-Term Catalysts: Drills now turning; a ~2-month program with assays expected to begin in the fall (lab timing dependent). Step-outs at Koivu are the headline driver.
Any follow up questions for Chris can be emailed to me directly at Fleck@kereport.com.
Click here to visit the Valkea Resources website to learn more about the Company.
