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Streetwise Reports Asks Is The Next Gold Mine in Bulgaria?

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SAN FRANCISCO, CA–(Marketwired – August 21, 2017) – While Bulgaria may not be the first country investors equate with gold mining, executives at one TSX Venture Exchange-listed company are sitting on pins and needles waiting for the drill results that could prove their high-grade thesis.

Company included in article: Velocity Minerals Ltd.

Velocity Minerals Ltd. (TSX VENTURE: VLC), one of the first movers for gold in Bulgaria, has entered into option agreements with Gorbuso-Kardzhali A.D., a private Bulgarian mining company, to earn 50% of the Ekuzya project and 70% of the Rozino project. Historical drilling on the Rozino project suggests the potential of high-grade gold mineralization.

Velocity announced on Aug. 1 that it initiated phase 1 drilling at the Rozino project, which is located within the Tintyava prospecting and exploration license in southeast Bulgaria. The nine diamond drill holes are a part of a larger, 12,000-meter drill program of up to 65 holes.

CEO Keith Henderson told Streetwise Reports, “We have rushed the first drill cores to the lab and are expecting to receive results imminently. This will be the first indication of whether our thesis for high-grade mineralization is correct.”

Continue reading this article: Is the Next Gold Mine in Bulgaria?

About Streetwise Reports/The Gold Report

Investors rely on The Gold Report to share investment ideas for the precious, base and critical metals sector. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

DISCLOSURE:

The following companies mentioned in this article are sponsors of Streetwise Reports: Velocity Minerals Ltd. Streetwise Reports does not accept stock in exchange for its services.

The full disclosure is provided at the end of the published article: Is the Next Gold Mine in Bulgaria?

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Mon, 21 Aug 2017 13:00:00 GMT

 

Disclaimer: This is an unedited and minimally reviewed public mining company press release originally published at http://feeds.mwnewsroom.com/article/rss?id=2159267. We have linked to our knowledge base articles from within the content of this release in order to help explain some of the terminology used and provide continuity from previous and related news coverage. You can access more in-depth mining company project reviews on our site, as well a knowledge base of articles on mineral exploration, mining and geology-related topics.

About Staff @ Geology for Investors

Geology for Investors seeks to demystify mineral exploration and mining projects for mining company investors. All of our writers and contributors are experienced and educated in geology and the geosciences.