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Two Mines in Lapland: Why Valkea Thinks New Discoveries Will Have a Buyer.
Published 1 week, 4 days ago
Description
Valkea Resources CEO Thomas Credland calls the 1,275 metre, five-hole Kari program a proof of concept, with assays expected in the fourth quarter and diamond drilling of the highest priority Paana targets planned from late 2026. Metallurgical testing on a bulk sample from Aarnivalkea West will assess its economic potential, and Credland says it should show whether the gold is refractory like Agnico Eagle's Kittilä mine or more straightforward like Ikkari. With about 85 million shares out and more than $10 million in cash at the end of June, Credland says Valkea is funded for up to 10,000 metres across five to ten targets this winter.