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Velocity Minerals Ltd.
Summary
| Project: | Rozino | |
|---|---|---|
| Deposit: | Rozino | |
| Location: | Bulgaria | |
| Commodities: | Gold | |
| Date: | 9/30/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-9-2019: Velocity Minerals Ltd. announces an Exploration/Drilling Update report for its Rozino deposit at the Rozino project. Drilling results incl. 129.8m @ 1.67g/t Au from 1.4m. 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 15 drill holes completed at the Rozino gold deposit (“Rozino”), southeast Bulgaria (Table 1). Drill results continue to expand the mineralized envelope and drilling continues with drill hole RDD-164 in progress. Drilling will be completed on schedule in early September. The drilling results will be used to generate an updated mineral resource estimate, which will be the basis for engineering studies associated with a planned Pre Feasibility Study (“PFS”). “The excellent drill results we have recently received at Rozino continue to build our confidence in this deposit. In particular, the results from drill hole RDD-130 include the best intersection ever discovered in the deposit,” stated Stuart Mills, Velocity’s Vice President Exploration. “The resource drill program for the PFS is nearing its successful completion and the drill results continue to expand the mineralized envelope as currently defined by the 2018 Preliminary Economic Assessment” | |
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