• Rozino Project

    Where Innovation Meets Opportunity in Bulgaria’s Gold Sector


Project Summary

The Rozino Project: Situated within the in southeast Bulgaria's Ivaylovgrad municipality, the Rozino project is co-owned by Velocity (70%) and Gorubso Kardzhali A.D. (30%). It is a mine development project, which is currently being permitted.



Mining and Processing Details

  • Mining Method: Open pit mining with a low strip ratio and a 1.22 g/t life of mine gold grade.
  • Processing: A combination of on-site flotation to produce a gold concentrate averaging 30 g/t, and off-site processing at the Kardzhali plant to produce gold doré.
  • Environmental Stewardship: A commitment to a small project footprint, utilizing benign, non-acid generating and non-hazardous waste and tailings materials.

Mineral Resource and Reserve Estimates

(effective date April 15, 2020)

Within $1,500/oz pit shell
Indicated Mineral Resource Estimate
Cut-off Grade
(g/t)
Tonnes
(Mt)
Gold Grade
(g/t)
Contained Gold
(koz)
0.227.20.72630
0.320.50.87573
0.415.51.04518
0.512.01.22471
0.69.421.40424
Inferred Mineral Resource Estimate
Cut-off Grade
(g/t)
Tonnes
(Mt)
Gold Grade
(g/t)
Contained Gold
(koz)
0.20.490.711
0.30.380.810
0.40.290.98
0.50.231.07
0.60.171.27
  • 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.

(effective date August 30, 2020)

Probable Mineral Reserves
Ore TypeReserve CategoryTonnes
(Mt)
Gold Grade
(g/t)
Contained Metal
(KOZ Gold)
Metallurgical Recovery
(%)
Recoverable Metal
(KOZ Gold)
OxideProbable1.91.076467.443
TransitionalProbable1.81.156870.748
SulphideProbable8.11.2733283.3277
TotalProbable11.81.2246479.3368
  • Click to expand Notes
    • The Mineral Reserve disclosed herein has been estimated in accordance with CIM Definition Standards.
    • Mineral Reserves discard cut-off grade was 0.5 g/t gold.
    • Mineral Reserves are based on a $1,500/oz gold price.
    • Mineral Reserves account for mining dilution and ore loss.
    • Probable Mineral Reserves were based on Indicated Mineral Resources.
    • Sum of individual amounts may not equal due to rounding.

Project Advantages

  • Conventional Open Pit Mining: With a low strip ratio and an efficient processing flow sheet, Rozino is set for high recovery rates and effective operation. Supports a straightforward open pit operation with a robust recovery rate of 79.3% gold to doré.
  • Sustainable Practices: Commitment to minimal environmental impact with non-acid generating and non-hazardous waste and tailings material.
  • Significant Off-site Processing Benefits: Utilizing an existing, operational processing plant, Rozino benefits from reduced capital costs and shortened permitting timelines.




Photo Gallery

  • Drilling - Rozino drill site
    1 of 24
  • Drilling - Drill collar after drilling
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  • Drilling - Drill rig at Rozino
    3 of 24
  • Drilling - Rozino, drilling
    4 of 24
  • Core Store - Velocity core storage facility
    5 of 24
  • Core Store - Rozino, core store
    6 of 24
  • Core Store - Rozino, core store
    7 of 24
  • Core Store - Rozino, core store
    8 of 24
  • Core Store - Rozino, core store
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  • Core Store - Rozino, RDD005 Vein @115.60 VBG02067 2
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  • Community - Rozino, community
    11 of 24
  • Landscape - Rozino, landscape
    12 of 24
  • Landscape - Rozino, landscape
    13 of 24
  • Landscape - Rozino, landscape
    14 of 24
  • Landscape - Rozino, landscape
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  • Landscape - Rozino, landscape
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  • Landscape - Rozino, landscape
    17 of 24
  • Landscape - Rozino, landscape
    18 of 24
  • Landscape - Rozino, landscape
    19 of 24
  • Landscape - Rozino, landscape
    20 of 24
  • Landscape - Rozino, landscape
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  • Landscape - Rozino, landscape
    22 of 24
  • Visitors - Rozino, April 2019
    23 of 24
  • Visitors - Rozino, October 2019
    24 of 24

Maps and Sections

Plan Views

Rozino Sections

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