Velocity Minerals Ltd V.VLC

Alternate Symbol(s): VLCJF

Metals & Mining Gold

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

Velocity Minerals Ltd

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Post by Risktaker1on Aug 21, 2022 10:33am

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Post# 34909958

Testing

Not being a miner. Is it common for your high priority drill targets (Voden) to turn up dry. I know they are not going into a project blind, but with all the geochemistry, induced polarization, ground magnetic, & channeling etc.. should their success not be better?
Why test?

If your best target turns up dry, doesn't bode well for future targets if same techniques are used.

Seems very hit & miss. Is that common with all the testing?

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