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Velocity Minerals Receives Positive Metallurgical Results at Rozino Gold Project, Southeast Bulgaria
Comprehensive Test Work Supports Low Cost Metrics for Input into Upcoming Preliminary Economic Assessment VANCOUVER, British Columbia, Aug. 29, 2018 (GLOBE NEWS
About this update from Velocity Minerals Ltd.
[{"type":"text","content":" Comprehensive Test Work Supports Low Cost Metrics for Input into Upcoming Preliminary Economic Assessment VANCOUVER, British Columbia, Aug. 29, 2018 (GLOBE NEWSWIRE) -- Velocity Minerals Ltd. (TSXV: VLC) (“Velocity” or the “Company”) announces that it has received positive results from comminution, flotation & gravity recovery, and leach test work on a bulk sample representative of the entire Rozino gold project (“Rozino” or the “Project”), located in southeast Bulgaria. Results of this work will be incorporated into the Rozino NI 43-101 Preliminary Economic Assessment (“PEA”), which is in progress with results expected to be released in September 2018. Delivery of the PEA is the mechanism by which Velocity will earn a 70% interest in the Rozino gold deposit. “Comprehensive metallurgical test work has provided us with positive results for inclusion into the Rozino PEA. The results included here provide Velocity with a mechanism to produce a 30 g/t gold concentrate, which is amenable to processing at the nearby Gorubso carbon-in-leach plant,” stated Keith Henderson, Velocity’s President & CEO. “The flotation test work has demonstrated that the process delivers a high-quality concentrate for input to the existing CIL plant. With extremely low sulphide contents, low carbon contents and negligible deleterious elements, this low-volume, high-grade concentrate should complement the development options being considered in the PEA.” Highlights of Results >98% of sulphide recoverable to produce a gold concentrate using standard flotation Low-volume, high-grade concentrate complements PEA project development options Concentrate produced typically averages 30 g/t gold Flotation gold recoveries of approximately 91% Extremely simple mineralogy with negligible deleterious elements Low sulphide content (<1%) and low mass pull (<5%) Low carbon content (1.2%) minimizes pregnant solution robbing during leaching Environmentally benign waste tailings product Results based on representative bulk sample comprised of 1,600 core samples Simple Mineralogy at Rozino The uncomplicated nature of mineralogy at Rozino is one of the attractive features of the gold deposit. The mineralization is very simple with gold associated with pyrite, which is the only significant sulphide mineral in the deposit. &nbs...