May 18 (SeeNews) - Canadian gold exploration company Velocity Minerals said on Tuesday that it has received positive results from an additional seven drill holes at its Rozino gold project, in the southern part of Bulgaria.
"All drill holes contain significant intersects with highlights outside of the Current Resource including RDD-219; 52.9m grading 0.60 g/t gold from 5.9m depth (including 16.0m grading 0.95 g/t gold) and RDD-223; 42.0m grading 0.73 g/t gold from 3.5m depth (including 4.0m grading 3.48 g/t gold)," Velocity said in a statement.
Drilling at Rozino continues to discover significant gold mineralization hosted in basement rocks adjacent to and underlying the deposit, the company noted. Drill results are pending for additional drill holes and drilling is ongoing at Rozino.
Last week, Velocity said that it found three large gold anomalies near Rozino, grading up to 28.2 g/t gold in outcrop.
In February, Velocity Minerals said that it is planning to complete up to 50,000 m of exploration drilling at its projects in Bulgaria in 2021, sharply up from 22,500 m. of drilling done last year. Velocity is actively drilling at the Rozino, Obichnik and Makedontsi projects in Bulgaria.