Valkea Completes Diamond Drilling on First New Target and Commences Base of Till Drilling at Paana
Valkea Completes Diamond Drilling on First
New Target and Commences Base of Till
Drilling at Paana
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2026) - Valkea Resources Corp. (TSXV:
OZ) (OTCQB: OZBKF) (FSE: 4A7) (the "Company" or "Valkea") is pleased to report that active
systematic exploration of its 24 new, high-ranking prospects has commenced with diamond drilling of the
first new target completed in August and reconnaissance base of till ("BoT") drilling underway.
Highlights
Diamond drilling of the Kari target in the Paana project has been completed, assays expected Q4
2026.
Updated aeromagnetic surveys have been undertaken on the wider Paana licences and BoT
drilling has commenced, accelerating the goal of providing higher resolution interpretations for
diamond drilling of the highest priority targets from late 2026.
Preliminary metallurgical test work on samples from Aarnivalkea West to assess economic
potential in progress.
Thomas Credland, CEO of Valkea Resources, said:
"We continue to advance a number of properties
in our portfolio with diamond drilling of the first new target completed and BoT drilling capacity added
to expedite geochemical sampling of new prospects to focus diamond drilling over the winter season.
Initially we plan to expand our program beyond known mineralisation at Aarnivalkea West to 12 new
prospective targets elsewhere on the sizeable Paana property."
Paana: our initial focus
Valkea's 100% owned
Paana Project comprises four licence areas totalling 93 km
2
: Paana Central,
Paana West, Paana W2 and Paanapyytö. Paana hosts 12 of the 24 new targets identified by Valkea
(see press release dated July 22
nd
2026) using geophysics (aeromagnetics, EM and VTEM), structural
analysis and existing BoT anomalism (Au). Paana covers extensions of regional shear zones
considered highly prospective for orogenic gold mineralization with similar volcanic and sedimentary
host rocks to the multi-million ounce Kittilä deposit (15 km southeast, see Figure 1).
Previously, BoT and diamond drilling almost entirely focused on the Paana Central's Aarnivalkea West
discovery.
Over 17,000m of diamond drilling delineated a ~1.3 km north-trending corridor of deformed
and altered greenstones associated with broad zones of gold mineralization
.
Updated airbourne
magnetic surveys have now been flown and BoT drilling has now commenced on the wider Paana
licences, with an additional BoT rig scheduled to come online in October, with the stated goal of
identifying the best 5-10 targets for diamond drilling over the winter (see Figure 2).
Paana Central's Kari target
Drilling of Kari, our first new target, was completed in August. Drilling of Kari was prioritized due to its all-
season access, with an initial program of 1,275 m drilled in five holes along an E-W profile, located 2.5
km south of known mineralization at Aarnivalkea West. It also provided an opportunity to drill-test the
regional Muusa Shear. Drillholes intercepted a variably deformed succession of rocks, dominated by
intermediate or mafic volcanics, including pillow basalts, interbedded volcaniclastic sediments, cherty
intervals and relatively thin ironstones. Drilling returned evidence of disseminated sulphide mineralization
within the more deformed host lithologies in three out of five drillholes.
Assays are expected in Q4 2026.
The interpretation of the geological findings will inform further exploration targeting in Paana Central.
Metallurgical test work from Paana Central's Aarnivalkea West
Exploratory metallurgical test work is being undertaken by Alfred H Knight (UK) on a ~53 kg bulk sample
from Aarnivalkea West. This includes whole ore leach testing and batch flotation test work. Results from
the testwork is expected in the next few months.
About Valkea
Valkea Resources is a geoscience-led exploration company focused on making new gold and base
metals discoveries in Northern Finland's prospective Central Lapland Greenstone Belt. Its 350 km
2
land
package includes six principal project areas that span highly prospective regional geological structures.
The Company's leadership and technical team include key contributors to the multi-million-ounce Ikkari
gold discovery made in 2020. Work is underway to make a new discovery using the same systematic
and disciplined approach to identifying targets with the best potential for meaningful size and the
possibility of becoming mines of the future.
Qualified Person
The disclosure of technical or scientific information in this press release has been reviewed and
approved by Dr Chris Bonson, a non-independent consulting geologist who holds the position of Vice
President Exploration for the Company and is recognized as a Qualified Person as defined by 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. Mineralisation hosted on adjacent and/or nearby
projects is not necessarily indicative of mineralisation hosted on Valkea's projects.
Contact Information
For more information please contact:
Thomas Credland, President, Chief Executive Officer and Director
Tel: +44 7775 501 431 | Email:
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.
Figure 1. Mineral Deposits of Central Lapland and location of Paana (red box)
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Figure 2. Exploration targets and initial work programs planned at Paana in 2026/27
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To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/315381