News Bureau

Positive Results from Rozino Gold

Velocity Minerals announces results from 13 drill holes at the Rozino gold deposit and the Rozino South target.  Mineralization is open at both areas and drilling is ongoing.

At the Rozino deposit, resource expansion drilling to the south of the known deposit has intersected near-surface gold mineralization up to 200m south of the Preliminary Economic Assessment design pit limits.  Intersections are close to surface and there are additional untested areas into which this mineralization may extend. Both infill drilling and additional step-outs are in progress, aiming to expand the mineralization further south and east. 

At the Rozino South target, drilling continues to intersect gold mineralization at depth.  Drill hole RDD-187 intersected 12.4m grading 0.83 g/t gold; mineralization appears to be thickening toward the south.  Follow up drilling is in progress, targeting near surface gold mineralization.

Velocity is a gold exploration and development company focused on south-eastern Bulgaria. Velocity’s strategy is to develop a low cost centralized Hub and Spoke operation whereby multiple projects within this emerging gold district produce gold concentrates for trucking to a central processing plant for production of doré. 

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