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

  • Jun 25, 2020 Velocity Reports AGM Results and Election of New Director (more)
  • Jun 10, 2020 Velocity Discovers High-Grade Outcropping Gold Mineralization at Kazak Target, Rozino Project - Assays up to 17.8 g/t Gold (more)
  • Jun 2, 2020 Velocity Announces Discovery of New Gold Zone and High-Grade Gold Drill Results from Obichnik Gold Project, Bulgaria (more)

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