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Nov 16, 2017 17:19 EEST
SOFIA (Bulgaria), November 16 (SeeNews) – Canadian mineral exploration and development company Velocity Minerals said on Thursday it has received positive laboratory results for five additional diamond drill holes at its advanced Rozino gold project in Bulgaria.
“Highlights include drill hole RDD-015 which intersected 89.0m grading 1.32g/t gold (1.42g/t uncut*) including 58.0m grading 1.79g/t gold (1.94g/t uncut),” Velocity Minerals said in a statement.
Positive results continue to expand the extent of near-surface mineralization at Rozino with multiple broad intersections of high-grade mineralization, the statement reads.
Results are pending for an additional eight holes and drilling at Rozino is ongoing, Velocity Minerals said.
Last month, Velocity said it received positive laboratory results for four additional drill holes at Rozino, two of which located outside of the main mineralized zone.
Velocity is a gold exploration and development company focused on Eastern Europe. The company’s portfolio includes two gold projects in southeastern Bulgaria - Rozino and Ekuzya.
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