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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
