Trench RTR-003; 35m @ 0.63 g/t gold including 9m @ 1.00g/t, 4m @ 1.05g/t Trench RTR-004; 22m @ 0.75g/t gold including 4m @ 1.50g/t and 3m @ 0.99g/t Trench locations and highlights of sampling results. Sub-cropping and float rock samples collected east of existing resource mineralization at Rozino. A. Low Sulphidation Epithermal breccia in float adjacent to RTR-003. B. & C. Hydrothermal breccia in sub-crop adjacent to [...]
Velocity Minerals Ltd. announces that it has delivered notice of option exercise to Gorubso-Kardzhali AD for the Tintyava Property , which includes the Rozino gold project . The Option Notice was delivered together with the Preliminary Economic Assessment entitled “Preliminary Economic Assessment – Rozino Project, Tintyava Property, Bulgaria” prepared in accordance with National Instrument 43-101 [...]
Velocity Minerals Ltd. announces that it has filed on SEDAR an independent Preliminary Economic Assessment Technical Report for its Rozino gold project , Tintyava Property, located in southeast Bulgaria. The Report entitled “Preliminary Economic Assessment – Rozino Project, Tintyava Property, Bulgaria” is dated October 26, 2018 and was prepared by CSA Global, an international mining consultancy with [...]
Velocity Minerals Ltd. announces the closing of its non-brokered private placement announced on October 2, 2018 . The Financing raised aggregate gross proceeds of $1,005,064 through the issuance of 6,700,433 units at a price of $0.15 per Unit. Each Unit consists of one common share in the capital of the Company and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one [...]
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. Velocity Minerals Ltd. announces a non-brokered private placement of up to 6,666,667 units priced at $0.15 per Unit to raise total gross proceeds of up to $1.0 million. Each Unit will consist of one common share in the capital of [...]
Post-Tax NPV5% of $129 million and IRR of 33% Mineralization Remains Open for Expansion Velocity Minerals Ltd. announces the results of an independent Preliminary Economic Assessment on its Rozino gold project located in southeast Bulgaria. The PEA provides a base case assessment of developing the Project by open pit mining and gold recovery by a combination of on-site preconcentration in a flotation plant and further [...]
Velocity Minerals Ltd. announces that it has received initial positive drill assay results from underground exploration drilling at the operating Chala Gold Mine . Priority drill target Zone 8A has been tested by three drill rings drilled on 50m centres to the west of existing underground development . Drill results at Target Zone 8A return gold intersections and consistency of grade both vertical and lateral to the gold [...]
Velocity Minerals Ltd. announces that it has received positive results from comminution, flotation & gravity recovery, and leach test work on a bulk sample representative of the entire Rozino gold project , located in southeast Bulgaria. Results of this work will be incorporated into the Rozino NI 43-101 Preliminary Economic Assessment , which is in progress with results expected to be released in September 2018. Delivery [...]
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 [...]
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