Gold in Eastern Europe

Velocity is an exploration and development company with a medium-term strategy to move towards gold production in Bulgaria.  At the Balkan gold project, the Company envisions staged open pit mining of satellite deposits, underground mining and processing in a central CIL plant.

Velocity’s focus on potential gold production at the Balkan project is based on a February 2018 Exploration and Mining Alliance with an established Bulgarian operating company.  The Alliance provides Velocity with exclusive access to an operating CIL gold processing plant, potential to earn a 70% interest in seven near-surface gold projects, and an opportunity to earn a 50% interest in an underground operating gold mine.

The Velocity management and Board have a wide-range of technical, operating, country and mine finance experience to advance development of the Balkan project.

News Releases

  • May 3, 2018 Velocity Closes First Tranche of Private Placement for Gross Proceeds of $1.3 million (more)
  • Apr 5, 2018 Velocity Files NI 43-101 Technical Report on SEDAR for the Maiden Inferred Mineral Resource Estimate at Rozino Gold Project, Southeast Bulgaria (more)
  • Mar 28, 2018 Velocity Continues to Expand East Zone Discovery at Rozino Gold Project, Southeast Bulgaria (more)

Corporate Presentation

Velocity Minerals
Video

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