• Obichnik

    Near surface epithermal gold mineralization



Trucking distance to gold processing plant


Deposit Type

Epithermal gold mineralization



Multidisciplinary approach with geochemistry, geophysics and diamond drilling.

Mineral Resource Estimate

(effective date February 11, 2021)

Inferred Mineral Resource Estimate
Cut-Off Grade
Gold Grade
Contained Gold
0.2 5.9 0.9 171
0.3 4.4 1.1 156
0.4 3.5 1.3 146
0.5 2.8 1.5 135
0.6 2.3 1.6 118
0.7 2.0 1.8 116
0.8 1.7 2.0 109
  • Click to expand Notes
    • The selected base case Mineral Resources are reported at a cut-off grade of 0.3 g/t gold.
    • Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
    • The Mineral Resources have been classified and reported in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum “CIM Definition Standards - For Mineral Resources and Mineral Reserves” ("CIM Definition Standards").
    • Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.  Inferred Mineral Resources are considered too speculative geologically in nature to enable them to be categorized as Mineral Reserves and there can be no certainty that all or any part of an inferred mineral resources will ever be upgraded to Indicated Mineral Resources or Measured Mineral Resources.

Option Agreement

Velocity entered into an option agreement with Bulgarian partner, Gorubso Kardzhali A.D., in June 2019 to earn a 70% interest in the Momchil property, which includes the Obichnik gold project with a historical estimate registered on the Bulgarian State balance.  Velocity can earn the interest by delivering an EIA report prepared under Bulgarian environmental regulations and a mineral resource estimate prepared under National Instrument 43-101.

Photo Gallery

  • Obichnik, drilling
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  • Obichnik, landscape
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  • Obichnik, outcrop
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