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Velocity Minerals Receives Positive Drill Results from Rozino Gold Project, Southeast Bulgaria
Near-surface highlights include: Drill hole RDD-191; 23.2m @ 0.95 g/t gold, incl. 10.0m @ 1.78 g/t gold Drill hole RDD-183; 21.8m @ 0.88 g/t gold, incl. 6.0m @
About this update from Velocity Minerals Ltd.
[{"type":"text","content":" Near-surface highlights include: Drill hole RDD-191; 23.2m @ 0.95 g/t gold, incl. 10.0m @ 1.78 g/t gold Drill hole RDD-183; 21.8m @ 0.88 g/t gold, incl. 6.0m @ 2.21 g/t gold VANCOUVER, British Columbia, July 21, 2020 (GLOBE NEWSWIRE) -- Velocity Minerals Ltd. (TSX.V: VLC) (“Velocity” or the “Company”) announces results from 13 drill holes at the Rozino gold deposit (Table 1) and the Rozino South target (Table 2). Mineralization is open at both areas and drilling is ongoing. At the Rozino deposit, resource expansion drilling to the south of the known deposit has intersected near-surface gold mineralization up to 200m south of the Preliminary Economic Assessment (“PEA”) design pit limits (Figures 1 and 2). Intersections are close to surface and there are additional untested areas into which this mineralization may extend. Both infill drilling and additional step-outs are in progress, aiming to expand the mineralization further south and east (Figure 3). At the Rozino South target, drilling continues to intersect gold mineralization at depth. Drill hole RDD-187 intersected 12.4m grading 0.83 g/t gold; mineralization appears to be thickening toward the south. Follow up drilling is in progress, targeting near surface gold mineralization. Figure 1: Drill section 11NW showing significant intersections in three 50m step-out drill holes, extending mineralization up to 200m south from the PEA design pit limits. Figure 2: Drill section 12NW showing a significant intersection located approximately 200m south of the PEA design pit limits and showing the location of 3 follow-up holes. Drill hole ID From (m) To (m) Interval (m) Gold (g/t) RDD-179 13.00 22.00 9.00 1.07 RDD-180 6.20 9.20 3.00 0.53 RDD-180 33.40 38.40 5.00 0.58 RDD-183 24.40 29.40 5.00 1.16 RDD-183 38.40 60.20 21.80 0.88 including 47.20 53.20 6.00 2.21 RDD-184 0.80 9.70 8.90 1.13 RDD-184 14.60 17.60 3.00 0.61 RDD-184 23.80 29.30 5.50 0.91 RDD-185 0.50 3.70 3.20 1.21 RDD-185 63.10 66.10 3.00 1.72 RDD-185 82.10 89.10 7.00 0.58 RDD-189 No significant intercepts RDD-190 No significant intercepts ...