Gold in Eastern Europe

Velocity is an exploration and development company with a medium-term strategy to move towards gold production in Bulgaria.  A Preliminary Economic Assessment has been completed on the Rozino gold project and the Company is focused on expansion and exploration drilling as part of feasibility-level work.  Additional near surface gold projects provide additional potential for resource growth.

Velocity envisions staged open pit mining of satellite deposits and processing in a central CIL plant.  An existing, operating processing plant is available through an Exploration and Mining Alliance with an established Bulgarian operating partner.  Velocity’s strategy is to build a production profile of more than 100,000 ounces of gold per year for over 10 years.

News Releases

  • Feb 12, 2020 Velocity Closes Non-Brokered Private Placement for Gross Proceeds of $5.78 Million (more)
  • Feb 4, 2020 Velocity Increases Previously Announced Non-Brokered Private Placement to $5.8 Million (more)
  • Jan 23, 2020 Velocity Announces $3 Million Non-Brokered Private Placement (more)

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