Velocity is a Canadian gold exploration and development company focused on building a multi-asset production profile in an emerging gold district in southeast Bulgaria.
The Company’s strategy is to develop a low cost ‘Hub & Spoke’ operation which envisions open pit mining of satellite deposits and processing in a central plant to produce gold doré.
Bulgaria is a member of the European Union and an attractive destination for mining investment.
A revised prefeasibility study completed at the Rozino gold project in December 2021 establishes the Rozino deposit as supporting an open pit mine operation with gold recovery by a combination of on-site concentration in a flotation plant and further off-site processing in an existing processing plant operated by our Bulgarian partner.
Velocity has multiple exploration projects in southeastern Bulgaria. A central processing plant operated by our Bulgarian partner has the potential to produce up to 200,000 ounces of gold per year, assuming a gold concentrate feed.
