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Valkea Resources Reports That JV Partner Rupert Resources Will Advance to Stage 2 of Valkea's Sikavaara Project Earn-In Agreement
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2024) - Valkea Resources Corp . ( TSX...
About this update from Valkea Resources Corp
[{"type":"text","content":"Valkea Resources Reports That JV Partner Rupert Resources Will Advance to Stage 2 of Valkea's Sikavaara Project Earn-In AgreementVancouver, British Columbia--(Newsfile Corp. - October 22, 2024) - Valkea Resources Corp. (TSXV: OZ) (formerly Outback Goldfields Corp.) (the \"Company\" or \"Valkea\") is pleased to announce that Rupert Resources Corp. (\"Rupert\") has notified the Company that it has satisfied the Stage 1 requirements of its earn-in agreement (the \"Agreement\") on the Company's Sikavaara Project (the \"Project\") and has elected to enter Stage 2, whereby Rupert can earn in up to 70% of the Project.\"We are very pleased that Rupert is advancing to Stage 2 of the Agreement,\" commented Chris Donaldson, CEO of Valkea. \"Rupert has demonstrated its exploration expertise with multiple significant discoveries in this prolific greenstone belt in Finland. The Sikavaara licences sit along the same structural corridor that host Rupert's Ikkari deposit, making them the ideal partner for exploring the Project. Additionally, our partnership with Rupert is an exciting key component to Valkea's portfolio of projects as it enables Valkea to focus its resources on advancing the 100% owned discovery on the Paana Project near Agnico Eagle's Kittilä mine, while still maintaining exposure to the prospective Sikavaara Project.\"The Sikavaara Earn-in Agreement The Agreement was initially signed between Sakumpu Exploration Oy (a subsidiary of Valkea acquired from S2 Resources Ltd \"S2\") on August 16th, 2021 and announced by S2 on Aug 17th, 2021 (see news release here). The Project is comprised of two exploration licences known as Sikavaara East (ML2016:0056) and Sikavaara West (ML2019:0107, Figure 1) totalling 37 km2. The Sikavaara licences are positioned along the highly-prospective, east-west trending Sirkka shear zone, in the Central Lapland Greenstone Belt of Northern Finland (Figure 1). The shear zone also hosts Rupert's 4.09 Moz Ikkari gold deposit3 and B2 Gold and Aurion Gold's joint Helmi and Sore gold discoveries (Figure 1). Valkea maintains a strong land-position along this structural trend with interests in the Sikavaara Project as well as its 100% owned Putaanperä Project. Figure 1. Map of the Central Lapland Greenstone Belt highlighting Valkea's landholdings as well as neighboring companies and associated exploratio...