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Velocity Minerals Ltd.

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Summary

Project:

Rozino

Deposit:Rozino South
Location:Bulgaria
Commodities:Gold
Date:6/10/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:10-6-2020: Velocity Minerals Ltd. announces an Exploration/Drilling Update report for its Rozino South deposit at the Rozino project. Drilling results incl. 4m @ 0.92g/t Au from 21m. Vancouver, British Columbia – Velocity Minerals Ltd. (TSX.V: VLC) (“Velo
Resources:(not mentioned in this report)
CP/QP:[Overall Report] Stuart A. Mills (Internal)
ABSTRACT:Vancouver, British Columbia – Velocity Minerals Ltd. (TSX.V: VLC) (“Velocity” or the “Company”) announces that it has discovered new outcropping gold mineralization at the Kazak target area (“Kazak”) and received additional positive drill results from the Rozino South Zone (“Rozino South”), both of which are priority exploration targets close to the Rozino Project (“Rozino”), Bulgaria. The Company is prioritizing exploration in these areas as any discovery arising from the current exploration could potentially make use of common infrastructure at Rozino. The Rozino South target is situated 800m south of the Rozino deposit and exploration drilling (Figure 1 and 2) is ongoing with results reported here from drill hole RDD-178, which returned 4.0m grading 0.92 g/t gold from 21m below surface. Drill hole RDD-178 is located approximately 150m west of the discovery hole (RDD-177), which intersected 6.15m grading 1.18 g/t gold, including 1.15m grading 5.23 g/t gold from 203m (new news release May 26, 2020).

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