Valkea Resources advised that Rupert Resources is advancing to the second stage of the Sikavaara project Earn-in agreement. Initially signed with a subsidiary of S2 Resources, Rupert had to spend 1.2 million euros in exploration expenditures over the first three years. As part of stage two, Rupert must spend another 2.2 million euros over the next three years to earn 70% in the project. Following the completion of stage two, both parties would form an exploration joint venture.
Valkea’s landholdings in the Central Lapland Greenstone Belt (Source: www.outbackgoldfields.com)
