Drill Highlights include: 4.0m at 0.47% copper and 71m at 0.15% copper, including 4.7m at 0.26% copper, 6.0m at 0.37% copper, and 24.5m at 0.21% copper Trench Highlights include: 7.8m grading 2.37 g/t gold, including 1.0m grading 12.3 g/t gold Second Drill Rig Mobilized to Project Velocity Minerals Ltd. announces receipt of drill results from the Iglika copper-gold property , located in southeast Bulgaria. Exploration is [...]
Velocity Minerals Ltd. announces that it has issued a 60-day Notice of Termination to Zelenrok EOOD ), under a letter agreement dated August 8, 2023 between the Company and Raiden . Pursuant to the Letter Agreement the Company was granted the right and option to acquire a 75% indirect interest in the Kalabak project, southeast Bulgaria. Surface geochemistry completed in Q3 and Q4 2023 did not return positive results and [...]
Velocity Minerals Ltd. has closed its previously announced non-brokered private placement by the issuance of 14,886,525 units of the Company priced at $0.10 per Unit for total gross proceeds of $1,488,652.50 million. Each Unit consists of one common share in the capital of the Company and one-half of one common share purchase warrant , with each Warrant entitling the holder thereof to purchase one Share at a price of [...]
Velocity Minerals Ltd. announces a non-brokered private placement of up to 15,000,000 units of the Company priced at $0.10 per Unit for total gross proceeds of up to $1,500,000. Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant , with each Warrant entitling the holder thereof to purchase one Share at a price of $0.18 per Share for a period of 24 [...]
Velocity Minerals Ltd. provides an update on its ongoing exploration program at the Zlatusha exploration license , located in Bulgaria. Velocity holds the Property under an option agreement, pursuant to which Velocity has an exclusive option to acquire up to a 75% interest in the Property . Zlatusha is the Company's exploration focus and initial drilling is planned for H1 2024. Exploration Update Velocity has confirmed [...]
Velocity Minerals Ltd. announces that drilling has restarted at the Iglika copper-gold property , located in southeast Bulgaria. The drill program is fully funded by Dundee Precious Metals Inc. . Phase II Drilling Highlights The phase II drill program is planned at approximately 7,000m of drilling in 13 drill holes , with 2,500m planned to be completed by year end and the remainder in Q1 2024. The drilling campaign is [...]
Velocity Minerals Ltd. announces the appointment of Michelle Roth to its Board of Directors as an independent director. Michelle Roth Ms. Roth is an entrepreneur and business leader who founded Roth Investor Relations in 1987. She successfully expanded this global consulting business through multiple investment cycles by formulating comprehensive shareholder engagement solutions for a global client base. Mining clients [...]
Drilling highlights include: 2.5m grading 2.78 % copper, and 14.5m grading 0.89 % copper Velocity Minerals Ltd. announces results from initial drilling at the Iglika copper-gold project , located in southeast Bulgaria. Exploration at Iglika is funded 100% by Dundee Precious Metals Inc. , under the terms of a binding letter agreement whereby Velocity has granted to DPM an exclusive option to acquire a 75% interest in and [...]
Underexplored property proximal to Ada Tepe gold mine and Rozino gold deposit Velocity Minerals Ltd. announces that it has entered into a letter agreement with Zelenrok EOOD, a wholly-owned subsidiary of Raiden Resources Limited , whereby Velocity has been granted an exclusive option to acquire a 75% interest in and to the prospecting and exploration license covering the Kalabak gold-copper property , located in [...]
Publishes 2022 ESG Report Velocity Minerals Ltd. reports the results of its annual general meeting of shareholders held on June 22, 2023 in Vancouver, British Columbia. All the motions presented to the shareholders were approved. Votes representing 103,649,770 shares were cast, representing 60.40% of the issued and outstanding shares at the record date. A summary of the Meeting results is outlined below. Motion Votes for [...]
10,000m Exploration Drilling Initiated Velocity Minerals Ltd. announces that it has entered into a binding letter agreement with Dundee Precious Metals Inc. , whereby Velocity has granted to DPM an exclusive option to acquire a 75% interest in and to the Iglika copper-gold prospecting license , located in Bulgaria . Commercial Terms To exercise the Option in full, DPM must: make a US$250,000 initial cash payment to [...]
Velocity Minerals Ltd. has closed its previously announced non-brokered private placement by the issuance of 9,200,000 units of the Company priced at $0.15 per Unit for total gross proceeds of $1.38 million. Each Unit consists of one common share in the capital of the Company and one-half of one common share purchase warrant , with each Warrant entitling the holder thereof to purchase one Share at a price of $0.25 per [...]
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