01:54 PM EDT, 09/24/2025 (MT Newswires) -- Valkea Resources ( OZBKF ) on Wednesday provided an update from its ongoing exploration drill program at its Paana Project in northern Finland.

The company said diamond drilling at Paana is currently focused on targeting disseminated, Ikkari-style gold mineralization at the Koivu Zone on the northern extent of the approximately 1.3 kilometer long, Aarnivalkea West target.

Valkea Resources ( OZBKF ) said that over 2,000 meters of drilling have been completed across five holes to date, with samples from the first two holes now submitted to the lab for analysis. It added that additional holes are being planned as part of a proposed phase-2 program.

The company also highlighted that holes were drilled to test the extent of disseminated gold mineralization at the Koivu Zone, with step-out holes along strike and up-dip designed to build on results from previous drill programs.

Valkea Resources ( OZBKF ) added that base of till (BoT) drilling, designed to strengthen the pipeline of high-priority drill targets, will begin in the coming weeks across key target areas at the Paana project.

"Our exploration program at the Aarnivalkea West target is progressing well," said Chief Executive Officer Chris Donaldson. "We have now completed five holes at the Koivu Zone and are encouraged by the mineralization observed which will allow us to start planning for a Phase 2 program. Initial assay results are expected in the coming weeks, while the upcoming BoT program will provide another exciting opportunity to define additional targets across the highly prospective Paana Project."

The company's shares were last seen up $0.02 to $0.51 on the TSX Venture Exchange.

Price: 0.51, Change: +0.02, Percent Change: +4.08