March 28 (SeeNews) - Canadian mineral exploration and development company Velocity Minerals said on Wednesday it has received further positive results from step-out drilling at the east zone of its Rozino gold project in southeast Bulgaria.
"Rozino’s East Zone continues to deliver long, consistent intersections of gold mineralization from surface, grading approximately 0.7g/t gold to 1.5g/t gold. Stepping out 50m to 100m at a time, we are continuing to expand the footprint of this newly discovered zone, which remains open for expansion," Keith Henderson, Velocity’s president and CEO, said in a statement.
The newly announced drill results were not included in the inferred resource, which Velocity announced earlier this month.
Last week, Velocity said that results of bottle roll and stirred leach tests show gold recoveries of up to 92.9% at the Rozino gold project.
Velocity is a gold exploration and development company focused on Eastern Europe.