Velocity Minerals Ltd. announces an expanded 2021 exploration drill program of up to 50,000m at its projects in Bulgaria following up on positive 2020 results and extensive targeting in preparation for 2021. Highlights of 2020 include: Positive Rozino prefeasibility study completed returning an after-tax IRR of 27.4%. 22,500m of drilling completed in 2020 Total of $14.7 million raised, including a $8.9 million premium [...]
Velocity Minerals Ltd. announces that it has closed a 9.99% strategic investment with Dundee Precious Metals Inc. whereby the Company has issued and sold 13,394,000 common shares to DPM for an aggregate purchase price of $6,697,000 on a private placement basis. In connection with the Strategic Investment, Velocity issued to Artemis Gold Inc. 4,000,000 common shares at a price of $0.50 per share for gross proceeds of [...]
Velocity Minerals Ltd. is pleased to announce that it has entered into an investment agreement dated November 13, 2020 with Dundee Precious Metals Inc., whereby DPM will invest up to $7,000,000 to acquire a 9.99% ownership interest in Velocity on a non-diluted basis. Under and subject to the terms and conditions of the Investment Agreement, DPM has agreed to purchase up to 14,000,000 common shares of Velocity at the price [...]
Velocity Minerals Ltd. announces receipt of results for additional drill holes at the Obichnik gold project in Bulgaria. Results have been received for 16 drill holes, including two drill holes at the new high-grade Premka discovery. Mineralization is open and drilling is ongoing. Premka Discovery, Obichnik Highlights at the new Premka zone include drill hole ODD-063; 6.0m grading 15.80 g/t gold & 76.72 g/t silver . Drill [...]
Velocity Minerals Ltd. announces it has filed on SEDAR an independent Prefeasibility Study Technical Report for its Rozino gold project located in southeast Bulgaria. The Report entitled “Rozino Gold Project, Pre-feasibility Technical Report” is dated October 14, 2020 and was prepared by CSA Global, an international mining consultancy with experience in Bulgaria, in accordance with National Instrument 43-101 Standards of [...]
Velocity Minerals Ltd. announces receipt of results for initial drill holes from the Kazak discovery , Bulgaria. Kazak is located approximately 2 km south of the Rozino deposit , for which positive results of a prefeasibility study were recently announced . Exploration drilling at Kazak and other targets located close to Rozino are being prioritized because incremental ounces discovered within a few kilometres of Rozino [...]
Velocity Minerals Ltd. announces the results of an independent Prefeasibility Study on its Rozino gold project located in southeast Bulgaria. The PFS establishes the Rozino deposit as supporting an economic open pit mine operation with gold recovery by a combination of on-site concentration in a flotation plant and further processing to produce a gold-silver dor? in the existing and operating processing plant located in [...]
Velocity Minerals Ltd. announces receipt of results for additional drill holes at the Obichnik gold project and the Rozino gold deposit . Velocity previously disclosed initial drill results from a single drill hole at the Sivri Tepe target at Obichnik . Results have been received for two additional drill holes with both intersecting significant gold mineralization. Mineralization is open and drilling is ongoing [...]
Velocity Minerals Ltd. announces results from 13 drill holes at the Rozino gold deposit and the Rozino South target . Mineralization is open at both areas and drilling is ongoing. At the Rozino deposit, resource expansion drilling to the south of the known deposit has intersected near-surface gold mineralization up to 200m south of the Preliminary Economic Assessment design pit limits . Intersections are close to surface [...]
Velocity Minerals Ltd. announces that it has executed a letter agreement with Balkan Mineral Development OOD for an exclusive option to acquire a 100% interest in the 105 km2 Iglika gold-copper property , located in southeastern Bulgaria. 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 copper-gold mineral deposits and [...]
Velocity Minerals Ltd. reports the results of its annual general and special meeting of shareholders held on June 24, 2020 in Vancouver, British Columbia. All the motions presented to the shareholders were approved. Each of the five nominees proposed as Directors and listed in the Company’s Management Information Circular dated May 13, 2020 were elected as Directors. Velocity welcomes Michael Hoffman to its Board of [...]
Velocity Minerals Ltd. announces that it has discovered new outcropping gold mineralization at the Kazak target area and received additional positive drill results from the Rozino South Zone , both of which are priority exploration targets close to the Rozino Project , Bulgaria. The Company is prioritizing exploration in these areas as any discovery arising from the current exploration could potentially make use of common [...]
+700,00 %
-98,04 %
