Velocity Minerals Ltd. announces results from 13 drill holes at the Rozino gold deposit and the Rozino South target . Mineralization is open at both areas and drilling is ongoing. At the Rozino deposit, resource expansion drilling to the south of the known deposit has intersected near-surface gold mineralization up to 200m south of the Preliminary Economic Assessment design pit limits . Intersections are close to surface [...]
Velocity Minerals Ltd. announces that it has executed a letter agreement with Balkan Mineral Development OOD for an exclusive option to acquire a 100% interest in the 105 km2 Iglika gold-copper property , located in southeastern Bulgaria. The project is located in the westernmost portion of the prolific Tethyan belt that transects Bulgaria and hosts a number of epithermal gold and porphyry copper-gold mineral deposits and [...]
Velocity Minerals Ltd. reports the results of its annual general and special meeting of shareholders held on June 24, 2020 in Vancouver, British Columbia. All the motions presented to the shareholders were approved. Each of the five nominees proposed as Directors and listed in the Company’s Management Information Circular dated May 13, 2020 were elected as Directors. Velocity welcomes Michael Hoffman to its Board of [...]
Velocity Minerals Ltd. announces that it has discovered new outcropping gold mineralization at the Kazak target area and received additional positive drill results from the Rozino South Zone , both of which are priority exploration targets close to the Rozino Project , Bulgaria. The Company is prioritizing exploration in these areas as any discovery arising from the current exploration could potentially make use of common [...]
Velocity Minerals Ltd. announces that it has received results from its ongoing discovery exploration program at the Rozino Project , Bulgaria. Highlights: Expands currently defined mineralization at Rozino gold deposit – results pending for 3 drill holes and a further 5 drill holes planned. Discovers new zone of mineralization at Rozino South, grading up to 5.23 g/t gold, with multi-element geochemical signature as [...]
Velocity Minerals announces that it has received results from 26 additional drill holes for the near-surface Sedefche gold project. Highlights include: Significant mineralization from near surface to depths of approximately 50m from surface: SDD-074 returned 27.2m @ 3.24 g/t gold and 110.41 g/t silver. Top cutting is done when samples return analysis in excess of 20 g/t gold; in this hole 1 sample was top cut from a grade [...]
Highlights include: Drill hole SDD-046; 24.3m @ 3.72 g/t gold and 51.8 g/t silver, including 7.7m @ 9.97 g/t gold and 89.1 g/t silver Drill hole SDD-044; 11.0m @ 5.60 g/t gold and 79.9 g/t silver VANCOUVER, British Columbia, April 20, 2020 -- Velocity Minerals Ltd. announces that it has received results from 33 additional drill holes for the Sedefche gold project , Bulgaria. This large batch of drill results continues to [...]
Velocity Minerals Ltd. provides an update on the Company’s 2020 exploration programs and plans in southeastern Bulgaria in the context of the global COVID-19 crisis. The Company continues to move forward with planned work, including drilling, while putting strict protocols in place to protect employees, contractors, consultants and their families. The safety and well-being of the work force is the Company’s [...]
Velocity Minerals Ltd. announces that it has received results for four additional drill holes for the Sedefche Gold Project , Bulgaria. Velocity’s results continue to broadly confirm the grade and tenor of historical results and have identified a number of higher-grade zones like those for drill hole ODD-019 . The results support the potential to fast-track development of the Sedefche deposit along the lines of an [...]
Velocity Minerals Ltd. announces that Steven Dean has been appointed to the board of directors, effective immediately. “On behalf of Velocity, I would like to welcome Steven Dean to the board. We look forward to working with Steven, who is a nominee director of our largest shareholder, Artemis Gold,” stated Keith Henderson, Velocity’s President & CEO. “Steven’s experience in the mining sector [...]
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