OTCQX:GTGDF - Post by User
Post by
stellar8on Aug 21, 2017 9:59am
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Post# 26602644
V-VLC Big Gold Hit
V-VLC Big Gold Hit VELOCITY DRILLING INTERSECTS 74 METERS @ 2.35G/T GOLDINCLUDING 39 METERS @ 4.11 G/T GOLD AT THE ADVANCED ROZINO GOLD PROJECT,SOUTHEAST BULGARIA
Velocity Minerals Ltd. has received laboratory results for the first two drill holes at the company's advanced Rozino gold project, located within the Tintyava prospecting and exploration licence area in southeastern Bulgaria.
"These results are among the best grades ever returned from the project and the drill holes clearly demonstrate the potential for thick, high-grade gold mineralization between the historical drill fences," stated Keith Henderson, Velocity's President & CEO. "The Company's exploration model at Rozino is that gold mineralization is controlled by northwest-trending, steeply dipping structures. Most historical holes were drilled vertically or angled parallel to what is believed to be controlling structures; neither of these previous approaches adequately tested mineralization." Mr. Henderson continued, "The initial phase one program will consist of nine holes in total and approximately 2,000m.