February 5 (SeeNews) - Canadian mineral exploration and development company Velocity Minerals said on Monday it has received positive results from three diamond drill holes at the east zone of the Rozino gold project in Bulgaria, extending the zone's footprint.
"All three follow-up holes returned mineralized intersections and have extended the extent of the East Zone to at least 200m x 150m, with mineralization open for expansion," Velocity Minerals said in a statement.
Following the positive results, the company plans to drill at least 20 additional holes to test the extents of mineralization.
"The discovery and ongoing definition of East Zone now provides excellent upside potential at Rozino, adding to the excellent results at Main Zone during 2017," Keith Henderson, Velocity’s president and CEO, was quoted as saying.
"The ultimate footprint of East Zone is not yet known, but it has potential to exceed that of Main Zone," Henderson added.