Velocity Minerals Ltd. is pleased to announce that it has entered into an investment agreement, dated January 16, 2019 with mid-tier producer Atlantic Gold Corp. for a C$9.0 million strategic investment . In connection with the Strategic Investment, Atlantic Gold has agreed to purchase 18,600,000 units of Velocity in a private placement at a price [...]
Velocity Minerals Ltd. announces that it has received positive drill results from the Rozino gold project , located in Bulgaria. Highlights include 29.7m from surface grading 1.17g/t gold. Mineralization remains open. Cross-section showing drill intersections testing Trench RTR-003 at depth Map showing results for all Velocity drill holes and [...]
Velocity Minerals Ltd. announces that it has received positive results from detailed soil sampling undertaken at the Rozino gold project , located in Bulgaria. New soil sampling results and drill targets “Soil sampling results have defined three new high priority drill targets located adjacent to the pits outlined in the Rozino Preliminary [...]
Velocity Minerals Ltd. announces that it has initiated additional diamond drilling at the Rozino gold project , located in Bulgaria. Mineralization at Rozino is open for expansion and the drilling is aimed at increasing mineral resources outlined in the Rozino Preliminary Economic Assessment . The Company intends to complete approximately 12 to 14 [...]
Trench RTR-003; 35m @ 0.63 g/t gold including 9m @ 1.00g/t, 4m @ 1.05g/t Trench RTR-004; 22m @ 0.75g/t gold including 4m @ 1.50g/t and 3m @ 0.99g/t Trench locations and highlights of sampling results. Sub-cropping and float rock samples collected east of existing resource mineralization at Rozino. A. Low Sulphidation Epithermal breccia in float [...]
Velocity Minerals Ltd. announces that it has delivered notice of option exercise to Gorubso-Kardzhali AD for the Tintyava Property , which includes the Rozino gold project . The Option Notice was delivered together with the Preliminary Economic Assessment entitled “Preliminary Economic Assessment – Rozino Project, Tintyava Property [...]
Velocity Minerals Ltd. announces that it has filed on SEDAR an independent Preliminary Economic Assessment Technical Report for its Rozino gold project , Tintyava Property, located in southeast Bulgaria. The Report entitled “Preliminary Economic Assessment – Rozino Project, Tintyava Property, Bulgaria” is dated October 26, 2018 [...]
Velocity Minerals Ltd. announces the closing of its non-brokered private placement announced on October 2, 2018 . The Financing raised aggregate gross proceeds of $1,005,064 through the issuance of 6,700,433 units at a price of $0.15 per Unit. Each Unit consists of one common share in the capital of the Company and one-half of one common share [...]
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. Velocity Minerals Ltd. announces a non-brokered private placement of up to 6,666,667 units priced at $0.15 per Unit to raise total gross proceeds of up to $1.0 [...]
Post-Tax NPV5% of $129 million and IRR of 33% Mineralization Remains Open for Expansion Velocity Minerals Ltd. announces the results of an independent Preliminary Economic Assessment on its Rozino gold project located in southeast Bulgaria. The PEA provides a base case assessment of developing the Project by open pit mining and gold recovery by a [...]
Velocity Minerals Ltd. announces that it has received initial positive drill assay results from underground exploration drilling at the operating Chala Gold Mine . Priority drill target Zone 8A has been tested by three drill rings drilled on 50m centres to the west of existing underground development . Drill results at Target Zone 8A return gold [...]
Velocity Minerals Ltd. announces that it has received positive results from comminution, flotation & gravity recovery, and leach test work on a bulk sample representative of the entire Rozino gold project , located in southeast Bulgaria. Results of this work will be incorporated into the Rozino NI 43-101 Preliminary Economic Assessment , which is [...]
