Hi matt,
I have fixed several of these older Valk, Tanks.... seems every Valk I repair has a rusted tank. I normally take the tank off and dump the remaining fuel into my recycle bin to observe how much rust comes out of tank, Most of them fill a 4x5 bin about an inch or so with rust , The Valk tank has a tank vent that leads from under the tank up through the tank to a pin hole in the neck of the tank.
when the tank rusts it rusts this small breather pipe which then allows the fuel to enter the tube end leak to ground.
Fix :
At this point you need to put a liner inside your tank which I use KREEM tank liner combo kit"
https://www.amazon.com/Kreem-Products-Fuel-Liner-Combo-Pak/dp/B001J0DHZK follow directions
After you do your liner kit pug off the small breather under your tank which go's to ground and buy a vented gas tank cap off an earlier model Honda many have same cap, which match the Valks cap but they are vented gas caps.
Easy repair, No leaks, No rust in tank,
PS I always install a new petcock after I use the old one as a stopper for the thank liner
Check YOUTUBE theirs a mechanic from Arkansas that shows you a step by step Kreem tank liner install ! He also mentions the vented gas cap match to the Valks
https://www.youtube.com/watch?v=ITyszhh4XHsFollow this and your tank will as good as new !
Happy motoring
Solorider