| Announcement Date: | 2021-12-20 |
|---|---|
| Announcement Type: | Exploration Update |
| Announcement Code: | NI43-101 |
| Company name: | Velocity Minerals Ltd. |
| Project name: | Rudarka |
| Location: | Bulgaria |
| Commodities: | Gold |
| Highlight: | Channel sampling results incl. 8.2m @ 1.31g/t Au |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia – Velocity Minerals Ltd. (TSX.V: VLC) (“Velocity” or the “Company”) announces positive results of exploration at the Rudarka project (the “Project”), southeast Bulgaria. Work completed in recent weeks includes soil geochemistry and initial channel sampling of outcrops, the results of which define new targets which are untested by drilling to date. The soil geochemistry did not highlight an area of mineralization previously defined by historical drilling but it highlighted an area to the northeast that is highly anomalous for gold-in-soil, as well as for a range of pathfinder elements (Figure 1). The soil geochemistry survey identified a significant gold-in-soil anomaly, extending over 250m x 100m and aligned with interpreted mineralizing structures. One historical short drill hole (34m in depth) is located within the anomaly and intercepted 10.8m grading 0.8 g/t gold. A nearby historical trench returned an interval of 34.3m grading 0.85 g/t gold at the southwestern limit of the soil anomaly (Figure 1). Both historical results support the prospectivity of the soil anomaly |
| Read More |
Pricing Plans
We are a SaaS business and access to announcements and data is by subscription. We offer monthly subscriptions and discounts for annual payments.
Standard
$
10
Per Month
Stay up to date with the global mining industry.
- The Opaxe Review
- Search using Explore
- 60,000 company announcements
- Access announcements older than 7 days only
Essential
$
50
Per Month
Our most popular plan, great for: Small Investors, and Mining Suppliers
- All Standard plan features; plus
- New business opportunities every day
- Customizable filters and search results
- The Opaxe Index
- Export search results to your own system
- Announcement Alerts and Notifications
- Company pages & other announcements
Premium
$
100
Per Month
Comes with Alerts and lots of data, perfect for: Mining Companies, Consultants, and Share Traders
- All Essential plan features; plus
- Drilling result comparisons
- Downloadable intercept data
- Resources and reserves data