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Velocity Minerals Ltd.

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Summary

Project:

Rozino

Deposit:Rozino
Location:Bulgaria
Commodities:Gold
Date:6/25/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:25-6-2019: Velocity Minerals Ltd. announces an Exploration/Drilling Update report for its Rozino deposit at the Rozino project. Drilling results incl. 61.2m @ 0.77g/t Au from 48.2m. Vancouver, British Columbia – Velocity Minerals Ltd. (TSXV: VLC) (“Veloci
Resources:(not mentioned in this report)
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 drill results for an additional 12 drill holes completed at the Rozino gold deposit (“Rozino”), southeast Bulgaria (Table 1, Figure 1). Drilling of the 14,000m program continues with drill hole RDD-102 in progress. Due to the ongoing positive drill results a third drill rig is being mobilized to site and is expected to arrive before month-end. The current infill and expansion drill program continues to expand and extend potentially open-pittable mineralization as currently defined in the Company’s NI 43-101 September 2018 Preliminary Economic Assessment (see news release 17 September 2018). Mineralization currently remains open for expansion. Expansion drilling returned good results and continuity beyond PEA Base Case pit design. Exploration for additional mineralization led by soil geochemistry, trenching and mapping continues in parallel with the infill resource drilling.

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