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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

Post by Swl1896on Nov 30, 2021 12:53am
179 Views
Post# 34178699

Drilling

DrillingReading over the current information provided on Sedar it is not clear if any drilling is happening.  Looking at their balance sheet it would appear that very little is being spent to prove anything else or expand rozino.  Either a deal us in the works or they are content just sitting on their gold for the time being.  Certainly no urgency is indicated here.
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