Velocity Minerals Announces Positive Trench Results and Extension to Mineralization at Rozino Project, Bulgaria

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[{"type":"text","content":" Trench RTR-003; 35m @ 0.63 g/t gold including 9m @ 1.00g/t, 4m @ 1.05g/tTrench RTR-004; 22m @ 0.75g/t gold including 4m @ 1.50g/t and 3m @ 0.99g/t VANCOUVER, British Columbia, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Velocity Minerals Ltd. (TSXV: VLC) (“Velocity” or the “Company”) announces that it has received positive results from trench sampling, extending known near surface mineralization at the Rozino gold project (“Rozino” or the “Project”), located in the Tintyava Property, Bulgaria (Table 1, Figure 1).  Geological mapping completed in conjunction with trench sampling resulted in the discovery of altered subcrop (Plate 1, results pending). “Velocity’s recently announced positive PEA was based on exploration and drilling to date.  Management believes that there is potential to expand mineralization at Rozino beyond the extents of the pit outlines established in the PEA,” stated Keith Henderson, Velocity’s President & CEO.  “These trench results together with rock samples collected during recent mapping support the potential for resource expansion and we look forward to drilling these targets in due course as part of the Rozino joint venture.” Table 1: Detailed trench sampling results.  Trench ID From (m) To (m) Interval Gold (g/t) RTR-002 33.75 37.65 3.90 0.57   41.60 44.65 3.05 0.52   58.45 68.15 9.70 0.51 RTR-003 0.00 35.00 35.00 0.63 including  6.00 15.00 9.00 1.00 and  22.00 26.00 4.00 1.05   47.00 50.00 3.00 0.54   51.00 53.00 2.00 0.52   74.00 96.00 22.00 0.75 including  79.00 93.00 14.00 1.04 RTR-004 2.00 4.00 2.00 0.63   44.00 69.00 25.00 0.62 including  48.00 52.00 4.00 1.50 and  62.00 65.00 3.00 0.99 Note 1. It is not possible to determine true width based on exposure within trenches. Results in Detail Sample results from trenches RTR-002, -003 and -004 are exclusively located outside of the pit limits established in the recently released NI 43-101 preliminary economic assessment, providing evidence that mineralization extends beyond the areas of previous drilling. The presence of subcrop and float adjacent to new trenches at Rozino are coincident with untested gold in soil anomalies and significant trench intercepts.  The style of mineralization and presence of silicified breccias in subcrop and float is in accord with the Rozino depos...

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