Valkea Resources is set to begin its phase one exploration programme at the Paana project, located in Central Lapland, Finland. The fully-owned project will focus on high-grade gold mineralisation, specifically targeting the Aarnivalkea West discovery. The primary goal of the programme is to assess the extent and structural controls of the vein-hosted gold mineralisation in the area.
The exploration will involve drilling up to 2,000 meters, with a particular emphasis on both the southern and northern extents of the Aarnivalkea West discovery. Initial drill holes will focus on investigating the structural orientation and controls of the mineralisation, especially between holes FAV62 and FAVD71. The northern extent near hole FAVD64 will also be targeted to examine the spread of disseminated and vein-hosted gold mineralisation.
Valkea Resources plans to leverage the structural data gathered from these initial drill holes, combined with an ongoing core relogging programme, to guide further exploration across the Aarnivalkea West area. The company has contracted GeoPool to manage the drill programme, with drilling operations expected to commence in the coming weeks.
In addition to exploration drilling, the core relogging programme is underway, focusing on key historical drill holes and nearby exploratory holes. As part of its development efforts, Valkea Resources has granted 125,000 stock options to an advisor and two contractors as part of their compensation.
CEO Chris Donaldson commented, “Since completing the Finnish asset transaction, we’ve been eager to advance exploration at the Paana project and build on the promising Aarnivalkea West discovery. Our initial drill programme will define the extent and structural controls of the high-grade gold mineralisation, and the updated model will help guide future exploration at Aarnivalkea West and other priority targets within the highly prospective Paana Project.”
