- Velocity Minerals (VLC) is reporting positive drill results from the company’s Rozino Gold Project
- Results from 30 new drill holes include 17 containing significant gold intersects
- The company’s flagship project is located in Southeast Bulgaria
- Exploration drilling at the project was recently completed
- Velocity Minerals is unchanged, trading at $0.41 at 12:30 pm ET
Velocity Minerals (VLC) is reporting positive drill results from the company’s Rozino Gold Project.
The Vancouver mineral exploration company’s flagship project is located in Southeast Bulgaria.
Results from 30 new drill holes include 17 drill holes containing significant gold intersects.
Exploration drilling of areas adjacent to the pre-feasibility study design pit, plus initial exploration drilling of selected gold-in-soil anomalies located proximal to Rozino were recently completed.
Velocity’s strategy is to develop a low-cost centralized Hub and Spoke operation where multiple projects within the emerging gold district produce gold concentrates for trucking to a central processing plant.
Velocity has a 70 per cent interest in the Tintyava property, which includes the Rozino gold project, a 70 per cent interest in the Momchil property, which includes the Obichnik gold project, and a 100 per cent interest in the Iglika property.
Velocity Minerals is unchanged, trading at $0.41 at 12:30 pm ET.
