VANCOUVER, British Columbia, July 12, 2018 -- Velocity Minerals Ltd. announces that the previously announced shares for services arrangement with GEOPS – Bolkan Drilling Services Ltd. for underground drilling at the operating Chala Gold Mine has been accepted for filing by the TSX Venture Exchange . Pursuant to the Arrangement, the Company has issued 376,089 common shares in the capital of the Company to the [...]
VANCOUVER, British Columbia, June 27, 2018 -- Velocity Minerals Ltd. announces that it has initiated underground drilling at the operating Chala Gold Mine . A total of 45 diamond drill holes have been planned for more than 5,000m of underground drilling from 8 drill positions . The drilling is being initiated by Velocity in connection with the successful negotiation and settlement of the terms of a property option [...]
VANCOUVER, British Columbia, June 05, 2018 -- Velocity Minerals Ltd. announces that it has retained CSA Global Canada Geoscience Ltd. to complete a Preliminary Economic Assessment and NI 43-101 Technical Report for the Rozino gold project . Velocity’s aggressive exploration program on target to take the Rozino gold project from acquisition to preliminary economic assessment in approximately 14 months. Geological map [...]
VANCOUVER, British Columbia, May 03, 2018 -- Velocity Minerals Ltd. announces the closing of the first tranche of its non-brokered private placement announced on March 22, 2018 . The first tranche of the Financing raised aggregate gross proceeds of $1,324,365 through the issuance of 6,621,824 units at a price of $0.20 per Unit. All securities issued in connection with the Financing are subject to a hold period of four [...]
Velocity Minerals announces that it has filed a NI 43-101 Technical Report on SEDAR entitled “NI 43-101 Technical Report; Mineral Resource Estimation for the Rozino Gold Deposit, Republic of Bulgaria”, dated 5 April 2018. The Technical Report was written by an independent Qualified Person as defined by National Instrument 43-101 Standards of Disclosure. The Report is available on SEDAR under the [...]
VANCOUVER, British Columbia, March 28, 2018 -- Velocity Minerals Ltd. announces that it has received additional positive assay results from step-out drilling at East Zone, Rozino gold project, with all 2018 drill holes intersecting gold mineralization. The first drill hole of 2018 intersected 30.8m grading 1.55g/t gold and 66.5m grading 1.32g/t gold . This news release includes results from RDD-045 through RDD-049 and [...]
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, March 22, 2018 -- Velocity Minerals Ltd. announces a non-brokered private placement of up to 17,500,000 units priced at $0.20 per Unit to raise total gross proceeds of up to $3.5 million. Each Unit will [...]
Reports Gold Recoveries Up To 92.9% Confirms Historical Gold Leach Results VANCOUVER, British Columbia, March 21, 2018 -- Velocity Minerals Ltd. reports results of bottle roll and stirred leach tests carried out on various grades of mineralized samples from the Rozino gold project , located in southeast Bulgaria. The test results show gold recoveries up to 92.9%. Test work was completed for Velocity by Wardell Armstrong [...]
Inferred Resource at 0.5g/t gold cut-off grade 17Mt @ 1.15g/t gold for 629,000 ounces Plan view of Inferred Resource extents relative to angled drill hole dataset. Representative section of resource estimate scaled and coloured by proportion above 0.5g/t gold cut off grade Mineralization remains open for expansion VANCOUVER, British Columbia, March 05, 2018 -- Velocity Minerals Ltd. announces that it has received Inferred [...]
Highlights include; 30.8m grading 1.55g/t gold and 66.5m grading 1.32g/t gold Cross-section at Rozino East Zone showing drill hole RDD-044 mineralized intersections. Rozino drilling to date, including RDD-044 and drill holes for which assay results are pending at East Zone VANCOUVER, British Columbia, March 01, 2018 -- Velocity Minerals Ltd. announces that it has received the first assay results of the 2018 drill program [...]
Secures Access to Central CIL Gold Processing Plant for all Future Projects within 10,000km2 Alliance Area Map illustrating the Exploration and Mining Alliance Boundary and the exploration and mining projects currently located within it. Projects immediately impacted by the Alliance are Velocity Projects shown in blue and Gorubso Projects shown in green. 3D View of the Chala Gold Mine Exploration Model, viewing northeast [...]
VANCOUVER, British Columbia, Feb. 16, 2018 -- Velocity Minerals Ltd. reports the results of its annual general meeting of shareholders held on February 15, 2018 in Vancouver, British Columbia. All the motions presented to the shareholders were approved. Votes representing 35,527,965 shares were cast, representing 58.06% of the issued and outstanding shares at the record date. A summary of the meeting results is outlined [...]
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