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Velocity Minerals Ltd.
Summary
| Project: | Rozino | |
|---|---|---|
| Deposit: | East Zone | |
| Location: | Bulgaria | |
| Commodities: | Gold | |
| Date: | 1/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-1-2018: Velocity Minerals Ltd. announces an Exploration/Drilling Update report for its East Zone deposit at the Rozino project. Drilling results incl. 144.7m @ 1.52g/t Au from 0m. Vancouver, British Columbia – Velocity Minerals Ltd. (TSXV: VLC) (“Veloc | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stuart A. Mills (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – Velocity Minerals Ltd. (TSXV: VLC) (“Velocity” or the “Company”) announces that it has received assay results for diamond drill hole RDD-040, which returned 144.7m grading 1.52g/t gold including 24.0m grading 4.05 g/t gold, at the new East Zone, Rozino gold project. Mineralization in drill hole RDD-040 is intersected from surface and is the thickest continuous drill intersection averaging greater than 1.0g/t gold ever returned from the property. The East Zone remains open for expansion with results pending from three additional step-outs. Assays from 17 drill holes were returned over the past month and results have expanded the extent of near-surface mineralization at both East Zone and North Zone (Figure 1). “The most recently completed drilling at Rozino has stepped beyond Main Zone, seeking to define additional zones of near-surface mineralization at North Zone and East Zone,” stated Keith Henderson, Velocity’s President & CEO. “Exploration at East Zone has been particularly successful with hole RDD-040 intersecting continuous high-grade gold mineralization from surface over a 144-meter drill intersection.” Mr. Henderson continued, “Since closing the acquisition of Bulgarian assets in late July 2017, Velocity has rapidly advanced the project and based on positive results added a second rig in October to complete more than 7,000m in total. Our stated aim has been to define potentially open-pittable epithermal gold mineralization and the program has clearly met that objective.” | |
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