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Velocity Minerals Ltd V.VLC

Alternate Symbol(s):  VLCJF

Velocity Minerals Ltd. (Velocity) is a Canada-based precious metals and copper explorer focused on Eastern Europe. The Company is in the business of acquiring, exploring, and evaluating mineral resource properties in Bulgaria. In Bulgaria, the Company has a 70% interest in the Tintyava property, which includes the prefeasibility-stage Rozino deposit. The Company also has a 70% interest in the Momchil property (which includes the Obichnik project), a 70% interest in the Nadezhda property (which includes the Makedontsi project), and a 70% interest in the Dangovo property (which is contiguous with the Makedontsi project). The Company holds a 100% interest in the Iglika copper-gold exploration property and entered into an option agreement with DPM, who have an option to earn a 75% interest in the property. The Company has also entered into agreements to acquire a 75% interest in the Zlatusha and Kalabak copper-gold exploration properties.


TSXV:VLC - Post by User

Bullboard Posts
Post by austrochrison Aug 07, 2018 2:21pm
191 Views
Post# 28422512

huge opportunity in the goldsector !!

huge opportunity in the goldsector !!Velocity is really on a fast track Status . In only 7 months velocity defined a Gold resource of 630 000 ounces . The partnership with Gorubsco , the bulgarian mining Company is huge for both sides . Velocity has the knowledge and gorubso a huge mining plant in bulgaria . The new drill Programm at the chala mine ( high grade Gold production ) could be very interesting for velocity . 45 Drill holes should increase the Gold resource ( historical 450 000 ounces of Gold ) If Drilling is sucsessfull - velocity is the next Gold Producer and with mining knowledge production could be increased huge at the cala mine . Veloctity has several projekts in the nearing of the plant in order to get much ore to the plant . Velocity and his bulgarian Partner could produce more than 100 000 ounces Gold / year . ( probably low cost ). The Ceo and his Team ( from lundin mining, anglo american and even orca Gold ) could create a new huge Story in south east europe !!! Drilling results should come soon !!
Bullboard Posts