Velocity Minerals Ltd. announces that it has received positive results for recently completed geochemical soil sampling and ground magnetic surveys at the Obichnik gold project . Obichnik is one of the Company’s three near surface gold projects located in southeastern Bulgaria. The surveys have defined four priority drill targets, highlighting the prospective nature of the large permissive gold bearing system [...]
Drilling continues to intersect multiple broad intervals of near surface gold mineralization: Drill hole RDD-079; 36.4m @ 0.66g/t gold incl. 15.0m @ 1.29g/t gold from surface, and 61.2m @ 0.77g/t gold incl. 15.0m @ 1.73g/t gold VANCOUVER, British Columbia, June 18, 2019 -- Velocity Minerals Ltd. announces that it has received drill results for an additional 12 drill holes completed at the Rozino gold deposit , southeast [...]
Velocity Minerals Ltd. announces that it has entered into an option agreement with Bulgarian partner, Gorubso Kardzhali A.D., to acquire a 70% interest in the 388-hectare Momchil property , which includes the Obichnik gold project ; a geological resource registered on the Bulgarian State balance. Under the terms of the option agreement, Velocity can earn a 70% interest by delivering a mineral resource estimate prepared [...]
Velocity Minerals Ltd. announces that it has entered into an option agreement with Bulgarian partner, Gorubso Kardzhali A.D., to acquire a 70% interest in the 194-hectare Nadezhda property , which includes the Makedontsi gold project ; a geological resource registered on the Bulgarian State balance. Under the terms of the option agreement, Velocity can earn a 70% interest by delivering a mineral resource estimate prepared [...]
Highlights include: Drill hole RDD-074; 8.0m @ 2.68g/t gold near surface Drill Hole RDD-073; 10.0m @ 1.77g/t gold Map showing Velocity drill holes and highlights at Rozino as well as drill holes for which results are pending. Highlights from drill holes RDD-057 to RDD-062 Additional Drill Rig Mobilized to Site VANCOUVER, British Columbia, May 13, 2019 -- Velocity Minerals Ltd. announces that it has received drill results [...]
Velocity Minerals Ltd. announces that it has received conditional approval to graduate from Tier 2 to Tier 1 on the TSX Venture Exchange . Application to Graduate to Tier 1 In October 2018, the Company filed a Preliminary Economic Assessment on the Rozino Project, Tintyava Property, Bulgaria . The Company confirms it has completed Phase I work on the Rozino project as recommended in the PEA, consisting of detailed soil [...]
Velocity Minerals Ltd. announces that it has received proceeds of $745,773 from the exercise of 2,485,912 common share purchase warrants at an exercise price of $0.30 per Warrant. “The proceeds from this warrant exercise, together with the recently completed $9 million strategic investment by Atlantic Gold, provides additional capital to support planned exploration in Bulgaria,” stated Keith Henderson [...]
Velocity Minerals Ltd. announces that drilling and exploration activities at the Rozino gold deposit , southeast Bulgaria, have resumed and are ongoing as planned . Several drill holes have been completed and the first results from the 2019 drill program are expected in the coming weeks. A total of 12,000m to 14,000m of drilling is planned to be completed at Rozino, which will include exploration drilling to expand the [...]
Velocity Minerals Ltd. is pleased to announce that it has closed a C$9.0 million strategic investment with Atlantic Gold Corp. and its wholly-owned subsidiary, 1193490 B.C. Ltd. . The Strategic Investment was comprised of a private placement of 18,600,000 units for total gross proceeds of approximately C$3.9 million and a convertible debenture in the aggregate principal amount of approximately C$5.1 million . As a result [...]
Attends PDAC, Booth 3145 Provides Corporate Update Velocity Minerals Ltd. announces that, through its wholly-owned subsidiary Kibela Minerals AD, it has entered into a shareholder’s agreement with Gorubso-Kardzhali AD . The Agreement governs the operation and management of Tintyava Exploration EAD , the corporate joint venture company that holds the Prospecting and Exploration Licence for the Tintyava property . The [...]
Velocity Minerals Ltd. announces that it has received additional positive drill results from the Rozino gold project , located in Bulgaria. Highlights include 24.4m from surface @ 0.85g/t gold and 31.8m @ 0.58g/t gold, including 8.0m @ 1.04g/t gold. Mineralization remains open for expansion. Map showing results for all Velocity drill holes. Gridded background shows gold-in-soilanomalies with the outline of the September [...]
Canadian dollars unless otherwise noted Atlantic Gold Corp. is pleased to announce that Atlantic has entered into an agreement to invest $9,000,000 by way of a non-brokered private placement financing as a strategic investment in Velocity Minerals Ltd. . With this investment Atlantic will hold 39.2% on a partially diluted basis in Velocity and looks forward to working closely with Velocity management to further advance [...]
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