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Velocity pushes ahead with low-cost Bulgaria gold find

Canadian early stage explorer Velocity Minerals’ results from 40 drill holes at the Rozino gold deposit in south-eastern Bulgaria confirmed the presence of low-grade gold, which the company says can be extracted at relatively little cost.

Elliott Holley
The access road to the Rozino site, Bulgaria. Velocity hopes to build out a low-cost mining operation here as part of a 100,000oz operation in the country

The access road to the Rozino site, Bulgaria. Velocity hopes to build out a low-cost mining operation here as part of a 100,000oz operation in the country

Velocity hopes to complete a pre-feasibility study on Rozino by Q2 2020. The latest drilling highlights from the estimated 573,000oz deposit were: 25m at 1.5g/t from 102.9m (including 11m at 2.73g/t)...

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