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Velocity Reports Extensions to New Mineralization at Rozino Project, Southeast Bulgaria
Drill highlights at Rozino include: Drill hole RDD-224; 25.2m grading 0.96 g/t gold, including...
About this update from Velocity Minerals Ltd.
[{"type":"text","content":"Velocity Reports Extensions to New Mineralization at Rozino Project, Southeast BulgariaDrill highlights at Rozino include: Drill hole RDD-224; 25.2m grading 0.96 g/t gold, including 8.3m grading 2.29 g/t goldVancouver, British Columbia--(Newsfile Corp. - June 7, 2021) - Velocity Minerals Ltd. (TSXV: VLC) (\"Velocity\" or the \"Company\") provides an update on positive drill exploration results from the Rozino gold project located in southeastern Bulgaria (\"Rozino\"). Drilling at Rozino continues to discover significant gold mineralization hosted in basement rocks adjacent to and underlying the deposit. Following the discovery of significant gold intercepts within the basement at Rozino (see news release NR-21-07, April 27, 2021 and NR-21-10, May 18, 2021), results have been received for an additional 7 drill holes. These additional holes are outside of the Company's existing NI 43-101 Mineral Resource estimate (the \"Existing Resource\") published in the Rozino prefeasibility study (see news release NR-20-18, August 31, 2020), and include hole RDD-224; 25.2m grading 0.96 g/t gold from 7.3m depth (including 8.3m grading 2.29 g/t gold) (Table 1, Figures 1 and 2). The mineralization at Rozino remains open to the north and east and drilling is ongoing. Recently received drill results include drilling adjacent and contiguous to the prefeasibility study design pit (3 drill holes) and drilling at the Rozino North target (4 drill holes). Wide drill intersects adjacent to the PFS design pit confirm a thick zone of basement-hosted gold mineralization outside of the Existing Resource. The gold mineralization remains open to the north and east and a further 15 drill holes have been completed with results pending. Figure 1: Drill section 2NW showing significant intersections at the Rozino deposit.Drill results are pending for additional drill holes and drilling is ongoing.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4368/86663_3da61674d4ee0bb0_002full.jpg  Figure 2: Rozino map showing the location of drill holes, planned drill holes, and highlighting open areas where potential for additional mineralization has not been tested by previous drilling.To view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/4368/86663_3da61674d4ee0bb0_003full.jpg
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