Gold in Eastern Europe

Velocity is an exploration and development company with a medium-term strategy to move towards gold production in Bulgaria.  A Preliminary Economic Assessment has been completed on the Rozino gold project and the Company is focused on expansion and exploration drilling as part of feasibility-level work.  Additional near surface gold projects provide additional potential for resource growth.

Velocity envisions staged open pit mining of satellite deposits and processing in a central CIL plant.  An existing, operating processing plant is available through an Exploration and Mining Alliance with an established Bulgarian operating partner.  Velocity’s strategy is to build a production profile of more than 100,000 ounces of gold per year for over 10 years.

News Releases

  • Dec 12, 2019 Velocity Announces Extension to Gold Mineralization at Durusu, Obichnik Gold Project, Southeast Bulgaria (more)
  • Dec 5, 2019 Velocity Drill Testing High Priority Geochemical Target at Rozino Gold Deposit, Southeast Bulgaria (more)
  • Nov 19, 2019 Velocity Announces Additional Positive Drill Results at Rozino Gold Deposit, Southeast Bulgaria (more)

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