The Palvanen property consists of folded and sheared basaltic volcanic rocks and graphitic tuffs belonging to the Kittilä Suite. It hosts a number of significant structures including the interpreted continuation of the Kiistala Thrust, host structure to the multi-million ounce Kittilä Mine, and associated splays.
Valkea plans to initially undertake analysis of the existing extensive dataset generated through $5.4M of historic investment completed by Kinross Gold under a prior JV. The goal of this work program is to improve our understanding of the geology of Palvanen and its potential to host either a new standalone Tier 1 or Tier 2 orebody, or satellite mineralization that could be processed through one of two mills expected to be operational within a decade at Agnico Eagle’s Kittilä Mine and Ikkari Project.
