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Velocity Minerals Ltd.

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Summary

Project:

Rozino

Deposit:Rozino
Location:Bulgaria
Commodities:Gold
Date:8/6/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:6-8-2019: Velocity Minerals Ltd. announces an Exploration/Drilling Update report for its Rozino deposit at the Rozino project. Drilling results incl. 28.6m @ 1.13g/t Au from 56.4m. Vancouver, British Columbia – Velocity Minerals Ltd. (TSXV: VLC) (“Velocit
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 27 drill holes completed at the Rozino gold deposit (“Rozino”), southeast Bulgaria (Table 1, Figure 1). Drill results continue to expand the mineralized envelope and drilling continues with drill hole RDD-135 in progress. A third drill rig has been mobilized to site and the drill program is expected to be completed in Q3. “The extensive drill program underway at Rozino will bring the project to a prefeasibility study. The drill program aims to expand the mineralized envelope as currently defined by the 2018 PEA, testing for extensions to mineralization outside of the pit limits as well as at depth,” stated Keith Henderson, Velocity’s President & CEO. “In addition to Rozino, the Company continues to successfully explore two additional projects at Obichnik and Makedontsi, potentially building out satellite projects for integration into a hub ‘n’ spoke development model.”

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