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 for gold doré production.
Bulgaria is a member of the European Union and an attractive destination for mining investment.
A prefeasibility study completed at the Rozino gold project in August 2020 establishes the Rozino deposit as supporting an economic 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 aggressively explores around Rozino and at multiple gold projects and exploration targets in the region to define additional gold resources. 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.
