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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. The Company has also entered into agreements to acquire a 75% interest in the Zlatusha copper-gold exploration property. The Rozino project is situated within the in southeast Bulgaria's Ivaylovgrad municipality.


TSXV:VLC - Post by User

Bullboard Posts
Post by investedwolfon Feb 14, 2018 4:41pm
153 Views
Post# 27560979

The untold story

The untold storyIs the Chala Mine which has been mining high grade gold for years without any exploration. VLC have been offerring their geological expertise which I am told included drilling, to the mine as it has not been drilled for the purpose of expanding the known ounces in the ground. Watch for this partnership to be announced as i believe that the Chala has much more high gold and the news of this will rerate VLC overnight. A near surface low grade deposit adjacent to the Chala complimented by the high grade could be a very attractive and highly profitable business plan. The capex required to take this opportunity to reality is virtually non existent. Most of the needed equipment to mine both deposits is already there. Could get very interesting in a very short period of time..
Bullboard Posts