OUTBACK GOLDFIELDS CORP - Mining Stock Analysis & Updates
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Valkea Resources Completes its Inaugural Drill Program at the Paana Project, Central Lapland, Finland
Valkea Resources Inc. has completed over 2,000 meters of drilling at its Paana Project in Finland, targeting gold mineralization at the Aarnivalkea West site. This inaugural program aims to refine their structural model and identify further opportunities, with assay results expected in February.
Valkea Announces Results of AGM and Welcomes George Salamis to the Board
Valkea Resources Corp. held its Annual General Meeting, where shareholders approved all business items, including the election of directors. George Salamis was elected as Independent Lead Director, bringing extensive mining experience. CEO Chris Donaldson expressed enthusiasm for Salamis' contributions to Valkea's growth in Finland.
Valkea Options Legacy Australian Properties to S2 Resources
Valkea Resources Corp. has signed an agreement allowing S2 Resources Corp. to acquire up to an 80% interest in its three Australian tenements by investing A$1.2 million over four years. Valkea retains a 20% interest and aims to focus on its Finnish projects.
Valkea Resources Announces Annual General Meeting
Valkea Resources Corp. will hold its annual general meeting on December 19, 2024, in Vancouver. The meeting will include voting on the company's audited financial statements for the financial year ending June 30, 2024, setting the number of directors for the following year, electing directors, and appointing D&H Group LLP as the auditor. Due to a postal worker lockout, the company may not be able to mail the meeting materials, but they will be available online and through direct contact with the company or Odyssey Trust Company. Valkea Resources is a leading gold exploration company in Finland's Central Lapland Greenstone Belt.
Valkea Resources to Commence Trading on the OTCQB Under Symbol "OZBKF"
Valkea Resources Corp. has announced that its common shares will commence trading on the OTCQB® Venture Market under the ticker symbol "OZBKF" from November 14, 2024. The shares will continue to be traded on the TSX Venture Exchange under the symbol "OZ". The move is expected to enhance the company's visibility, improve liquidity, and broaden its shareholder base. This comes as Valkea begins its exploration program on the flagship Paana gold project in Finland's Central Lapland Greenstone Belt.
Valkea Resources to Commence Drilling at the Paana Project, Central Lapland, Finland
Valkea Resources Corp. has announced it will begin exploration at its 100% owned Paana project in Central Lapland, Finland. The Phase 1 exploration program will aim to discover high-grade gold mineralization at the Aarnivalkea West discovery. The program involves a 2,000 metre drill program and systematic core re-logging efforts. The Aarnivalkea West target, defined by S2 Resources, is located approximately 24 km northwest of Agnico's Kittilä mine and was initially identified through geochemical surveys and drilling from 2018 to 2019. The discovery was further investigated with deeper diamond drilling in 2020 and 2021.
Valkea Resources Retains 100% Ownership of Palvanen Project in the Highly Prospective Central Lapland Greenstone Belt, Finland
Valkea Resources Corp. has announced that it will retain full ownership of the Palvanen Project in the Central Lapland Greenstone Belt, Finland. This decision comes after Kinross Gold Corp. decided not to continue with Stage Two commitments of the Earn-In agreement signed with S2 Resources Ltd. in 2021. Over CAD $5 million was invested by Kinross in the Palvanen Project, which generated 15 target areas for gold mineralization. The termination of the agreement also concludes Kinross' Right of First Refusal on Valkea's Paana Project and the Aarnivalkea discovery. Valkea now has complete control and ownership over both the Palvanen and Paana projects. The company is now evaluating Kinross' exploration
