Velocity Minerals Ltd.

Velocity Minerals Ltd. announces that it has delivered notice of option exercise to Gorubso-Kardzhali AD for the Momchil property , which includes the Obichnik gold project . To fulfill the terms of the option agreement with Gorubso, Velocity was required to deliver a Mineral Resource estimate prepared in accordance with National Instrument 43-101 and an Environment Impact Assessment prepared in accordance with Chapter [...]

Velocity Minerals Ltd. provides an update on positive drill exploration results from the Rozino gold project located in southeastern Bulgaria. Drilling at Rozino continues to discover significant gold mineralization hosted in basement rocks adjacent to and underlying the deposit. Following the discovery of significant gold intercepts within the basement at Rozino, results have been received for an additional 7 drill [...]

Velocity Minerals Ltd. provides an update on positive drilling results from the Rozino gold project located in southeastern Bulgaria. Drilling at Rozino continues to discover significant gold mineralization hosted in basement rocks adjacent to and underlying the deposit. Basement-hosted gold mineralization was not included within the Company's current NI 43-101 Mineral Resource estimate at Rozino . Following the discovery [...]

Velocity Minerals Ltd. provides an update on soil sampling and follow-up rock chip sampling results at Rozino in the area immediately surrounding the deposit. Three large gold in soil anomalies have been defined and field verification of the anomalies has identified widespread epithermal vein material in outcrop and float. Analysis of outcrop and float rock chip samples within the three soil anomalies confirms the [...]

Velocity Minerals Ltd. announces that it has filed a NI 43-101 Technical Report on SEDAR entitled "NI 43-101 Technical Report Exploration and Mineral Resource Estimation for the Obichnik Property" dated March 20, 2021. The Technical Report was written by Jonathon Abbott an independent Qualified Person as defined by National Instrument 43-101 Standards of Disclosure. The Report is available on SEDAR under the Company's [...]

Velocity Minerals Ltd. provides an update on the Tintyava prospecting and exploration license permit no. 467, issued on February 28, 2017 and exploration drilling at the Rozino Project and Kazak East , located within the Tintyava License area. Velocity holds a 70% interest in the Tintyava License and Rozino, through its subsidiary, Kibela Minerals AD pursuant to a 70/30 joint venture with its Bulgarian partner Gorubso [...]

Velocity Minerals Ltd. provides an update on positive exploration results from its 100%-owned Iglika gold-copper project, located in southeastern Bulgaria. Iglika is an under explored property located in a highly prospective precious and base metal mineral belt. The Project has potential for both epithermal gold and porphyry copper - gold deposits. Velocity is focused on near surface gold potential, which comports well [...]

Velocity Minerals Ltd. announces that it has received a notice of early conversion from Artemis Gold Inc. with respect to an 8.5% secured convertible debenture in the principal amount of $5,094,000 issued to Artemis in March 2019. The Convertible Debenture was issued in connection with a $9,000,000 strategic investment by Artemis into the Company . Pursuant to the terms of the Convertible Debenture, the Company will issue [...]

Velocity Minerals Ltd. announces that as part of its Obichnik joint venture earn-in agreement it has received an initial Inferred Mineral Resource estimate for the Durusu Zone on its Obichnik gold Project. Highlights include: Initial Resource; 4.4 Mt @ 1.1 g/t gold for 156,000 ounces, at 0.3 g/t gold cut-off grade Near-surface; 80% of estimated resources are located within 120m of surface Open; The mineralized system at [...]

Velocity Minerals Ltd. announces that it has accelerated the exercise of its option to acquire the Iglika copper-gold project, located in southeastern Bulgaria. The Company has now acquired a 100% interest in the Project and the associated exploration license. The Project is located in the westernmost portion of the prolific Tethyan belt that transects Bulgaria and hosts a number of epithermal gold and porphyry [...]