Velocity Minerals Ltd. announces that it has received proceeds of $745,773 from the exercise of 2,485,912 common share purchase warrants at an exercise price of $0.30 per Warrant. “The proceeds from this warrant exercise, together with the recently completed $9 million strategic investment by Atlantic Gold, provides additional capital to [...]
Velocity Minerals Ltd. announces that drilling and exploration activities at the Rozino gold deposit , southeast Bulgaria, have resumed and are ongoing as planned . Several drill holes have been completed and the first results from the 2019 drill program are expected in the coming weeks. A total of 12,000m to 14,000m of drilling is planned to be [...]
Velocity Minerals Ltd. is pleased to announce that it has closed a C$9.0 million strategic investment with Atlantic Gold Corp. and its wholly-owned subsidiary, 1193490 B.C. Ltd. . The Strategic Investment was comprised of a private placement of 18,600,000 units for total gross proceeds of approximately C$3.9 million and a convertible debenture in [...]
Attends PDAC, Booth 3145 Provides Corporate Update Velocity Minerals Ltd. announces that, through its wholly-owned subsidiary Kibela Minerals AD, it has entered into a shareholder’s agreement with Gorubso-Kardzhali AD . The Agreement governs the operation and management of Tintyava Exploration EAD , the corporate joint venture company that [...]
Velocity Minerals Ltd. announces that it has received additional positive drill results from the Rozino gold project , located in Bulgaria. Highlights include 24.4m from surface @ 0.85g/t gold and 31.8m @ 0.58g/t gold, including 8.0m @ 1.04g/t gold. Mineralization remains open for expansion. Map showing results for all Velocity drill holes. Gridded [...]
Canadian dollars unless otherwise noted Atlantic Gold Corp. is pleased to announce that Atlantic has entered into an agreement to invest $9,000,000 by way of a non-brokered private placement financing as a strategic investment in Velocity Minerals Ltd. . With this investment Atlantic will hold 39.2% on a partially diluted basis in Velocity and [...]
Velocity Minerals Ltd. is pleased to announce that it has entered into an investment agreement, dated January 16, 2019 with mid-tier producer Atlantic Gold Corp. for a C$9.0 million strategic investment . In connection with the Strategic Investment, Atlantic Gold has agreed to purchase 18,600,000 units of Velocity in a private placement at a price [...]
Velocity Minerals Ltd. announces that it has received positive drill results from the Rozino gold project , located in Bulgaria. Highlights include 29.7m from surface grading 1.17g/t gold. Mineralization remains open. Cross-section showing drill intersections testing Trench RTR-003 at depth Map showing results for all Velocity drill holes and [...]
Velocity Minerals Ltd. announces that it has received positive results from detailed soil sampling undertaken at the Rozino gold project , located in Bulgaria. New soil sampling results and drill targets “Soil sampling results have defined three new high priority drill targets located adjacent to the pits outlined in the Rozino Preliminary [...]
Velocity Minerals Ltd. announces that it has initiated additional diamond drilling at the Rozino gold project , located in Bulgaria. Mineralization at Rozino is open for expansion and the drilling is aimed at increasing mineral resources outlined in the Rozino Preliminary Economic Assessment . The Company intends to complete approximately 12 to 14 [...]
Trench RTR-003; 35m @ 0.63 g/t gold including 9m @ 1.00g/t, 4m @ 1.05g/t Trench RTR-004; 22m @ 0.75g/t gold including 4m @ 1.50g/t and 3m @ 0.99g/t Trench locations and highlights of sampling results. Sub-cropping and float rock samples collected east of existing resource mineralization at Rozino. A. Low Sulphidation Epithermal breccia in float [...]
Velocity Minerals Ltd. announces that it has delivered notice of option exercise to Gorubso-Kardzhali AD for the Tintyava Property , which includes the Rozino gold project . The Option Notice was delivered together with the Preliminary Economic Assessment entitled “Preliminary Economic Assessment – Rozino Project, Tintyava Property [...]