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Velocity Minerals Ltd.
Summary
| Project: | Rozino | |
|---|---|---|
| Deposit: | Rozino | |
| Location: | Bulgaria | |
| Commodities: | Gold | |
| Date: | 8/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-8-2017: Velocity Minerals Ltd. announces an Exploration/Drilling Update report for its Rozino deposit at the Rozino project. Drilling results incl. 74.0m @ 3.81g/t Au from 109.8m. Vancouver, British Columbia – Velocity Minerals Ltd. (TSXV: VLC.H | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stuart A. Mills (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – Velocity Minerals Ltd. (TSXV: VLC.H) (“Velocity” or the “Company”) announces that it has received laboratory results for the first two drill holes (Table 1) at the Company’s advanced Rozino gold project (“Rozino” or the “Project”), located within the Tintyava prospecting and exploration licence area in southeastern Bulgaria. “These results are among the best grades ever returned from the project and the drill holes clearly demonstrate the potential for thick, high‐grade gold mineralization between the historical drill fences.” stated Keith Henderson, Velocity’s President & CEO. “The Company’s exploration model at Rozino is that gold mineralization is controlled by northwest trending, steeply dipping structures. Most historical holes were drilled vertically or angled parallel to what is believed to be controlling structures; neither of these previous approaches adequately tested mineralization.” Mr. Henderson continued, “The initial phase one program will consist of nine holes in total and approximately 2,000m. Four 50m step‐outs will investigate the continuity of the newly discovered high‐ grade mineralization. An additional three holes will be focused on high‐grade trench samples located peripheral to Rozino where previous drill testing has been absent or ineffective.” | |
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