Gold in Eastern Europe

Velocity is an exploration and development company with a medium-term strategy to move towards gold production in Bulgaria.  At the Balkan gold project, the Company envisions staged open pit mining of satellite deposits, underground mining and processing in a central CIL plant.

Velocity’s focus on potential gold production at the Balkan project is based on a February 2018 Exploration and Mining Alliance with an established Bulgarian operating company.  The Alliance provides Velocity with exclusive access to an operating CIL gold processing plant, potential to earn a 70% interest in seven near-surface gold projects, and an opportunity to earn a 50% interest in an underground operating gold mine.

The Velocity management and Board have a wide-range of technical, operating, country and mine finance experience to advance development of the Balkan project.

News Releases

  • Nov 5, 2018 Velocity Exercises Option to Acquire 70% Interest at the Rozino Gold Project, Tintyava Property, Bulgaria (more)
  • Oct 29, 2018 Velocity Files PEA Technical Report on SEDAR for the Rozino Gold Project, Tintyava Property, Bulgaria (more)
  • Oct 12, 2018 Velocity Closes Non-Brokered Private Placement For Gross Proceeds of $1 Million (more)

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