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Velocity Minerals Ltd.
Summary
| Project: | Rozino | |
|---|---|---|
| Deposit: | Rozino South | |
| Location: | Bulgaria | |
| Commodities: | Gold | |
| Date: | 5/26/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-5-2020: Velocity Minerals Ltd. announces an Exploration/Drilling Update report for its Rozino South deposit at the Rozino project. Drilling results incl. 18m @ 0.56g/t Au from 42.7m. Vancouver, British Columbia – Velocity Minerals Ltd. (TSX.V: VLC) (“V | |
| 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 received results from its ongoing discovery exploration program at the Rozino Project (“Rozino”), Bulgaria. Velocity is actively exploring, with a program of drill-focused resource expansion and development of new target areas to the south of the currently defined, open-pittable Rozino gold deposit. Drilling at the Rozino South target (“Rozino South”), located 800m south of Rozino, has resulted in the discovery of a new mineralized zone grading up to 5.23 g/t gold. Surface exploration at the Kazak target (“Kazak”), located approximately 2km south of Rozino, is similarly producing positive exploration results. Velocity is actively exploring the exploration licence surrounding Rozino with the aim of generating targets for ongoing drill testing. The Rozino South target is situated 800m south of the deposit and initial exploration drilling (Figure 1 and 2) has resulted in the discovery of high-grade gold mineralization: Drill hole RDD-177 returned 6.15m grading 1.18 g/t gold, including 1.15m grading 5.23 g/t gold from 203m. | |
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