Velocity Minerals Ltd. announces the closing of its previously announced non-brokered private placement . The Financing raised aggregate gross proceeds of $5,787,075 through the issuance of 14,467,687 units at a price of $0.40 per Unit. Each Unit consists of one common share in the capital of the Company and one-half of one common share purchase warrant, with each whole warrant entitling the holder thereof to purchase one [...]
Not for distribution to United States newswire services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States. VANCOUVER, British Columbia, Feb. 04, 2020 -- Velocity Minerals Ltd. announces that the previously announced non-brokered private placement will be increased from $3,000,000 to up to $5,800,000 due to higher than expected investor [...]
Not for distribution to United States newswire services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States. VANCOUVER, British Columbia, Jan. 23, 2020 -- Velocity Minerals Ltd. announces a non-brokered private placement of up to 7,500,000 units of the Company priced at $0.40 per Unit for total gross proceeds of up to $3,000,000. Each Unit [...]
Velocity Minerals Ltd. announces that it has received initial drill results for the Sedefche Gold Project , Bulgaria . The Company’s initial verification drilling at Sedefche has broadly confirmed historical drilling results and identified higher-grade zones associated with areas of silica-gold replacement mineralization. The results support the potential to fast-track development of the Sedefche deposit along the [...]
Highlights include: Drill hole ODD-022; 10.2m @ 2.55g/t gold and Drill hole ODD-015; 8.6m @ 2.28g/t gold Gold mineralization remains open to east and west and at depth Drilling of Porphyry Gold Targets to Begin VANCOUVER, British Columbia, Dec. 12, 2019 -- Velocity Minerals Ltd. announces that it has received drill results for the Durusu, Mryanka and Adren targets at the Obichnik Gold Project , Bulgaria . The Obichnik [...]
Velocity Minerals Ltd. announces that it has received results from a soil geochemistry survey at the South Zone target, approximately 1km south of Main Zone at the Rozino gold deposit , southeast Bulgaria . Drill testing of the targets has commenced. Additionally, three prospective areas in the immediate vicinity of Rozino have been screened by large-scale soil and stream sediment surveys . The Company categorizes these [...]
Drilling highlights include: Drill hole RDD-138; 25.0m @ 1.49 g/t gold from 102.9m Drill hole RDD-150; 35.0m @ 0.60 g/t gold from surface and 52.8m @ 0.93 from 50.3m VANCOUVER, British Columbia, Nov. 19, 2019 -- Velocity Minerals Ltd. announces that it has received drill results for an additional 40 drill holes completed at the Rozino gold deposit , southeast Bulgaria . Highlights of comprehensive engineering studies [...]
Velocity Minerals Ltd. announces that it has entered into a definitive option agreement with Bulgarian partner, Gorubso-Kardzhali A.D. , whereby Velocity has been granted the exclusive right to acquire a 70% interest in the Sedefche gold deposit located in southeast Bulgaria. The Company considers Sedefche to be an advanced-stage gold deposit and the Project has a fully permitted near-surface historical Bulgarian [...]
Velocity Minerals Ltd. announces that it has received additional drill results from one of four high priority targets, Durusu Tepe , at the Obichnik gold project , Momchil property, southeast Bulgaria . Initial drill results included 43.4m grading 3.89 g/t gold and 27.5m grading 1.24 g/t gold. Expansion drilling confirms the continuity of high-grade epithermal gold mineralization 100 metres to the east, including 29.1m [...]
Velocity Minerals Ltd. announces that it has received initial drill results for Target 1 at the Obichnik gold project , Bulgaria . In addition, outcrop associated with intrusion-related gold mineralization was discovered at Target 3 . The Obichnik project is interpreted to be an intrusion-related gold and base metal mineralizing system containing numerous structurally controlled epithermal gold prospects, hosted within a [...]
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