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SOFIA (Bulgaria), December 5 (SeeNews) - Canadian mineral exploration company Velocity Minerals said on Thursday that it has identified a high-priority drill target, approximately 1 kilometre south of the Rozino deposit in southeast Bulgaria, through a soil geochemical survey.
Drilling on the target has commenced with a total of four drill holes planned, Velocity Minerals said in a statement.
"The soil results within the recently identified target formation, potentially represent the ‘sweet spot’ of the mineralising system and are very encouraging," Stuart Mills, Velocity’s vice-president exploration, said.
“The company has immediately started a wide spaced four-hole drill program to be completed before year-end," Mills added.