SOFIA (Bulgaria), September 24 (SeeNews) - Canadian gold exploration company Velocity Minerals said that it has received additional positive results from drill holes at its flagship Rozino gold project located in southeastern Bulgaria.
Results from 30 new drill holes include 17 holes containing significant gold intersects, Velocity said in a statement earlier this week.
"Exploration drilling of areas adjacent to the Prefeasibility Study Rozino design pit, plus initial exploration drilling of selected gold-in-soil anomalies located proximal to Rozino have recently been completed," the company explained.
In May, Velocity said that it found three large gold anomalies near Rozino, grading up to 28.2 g/t gold in outcrop.
Earlier this year, 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.