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

  • Aug 6, 2019 Velocity Announces Positive Gold Resource Expansion Drill Results at Rozino (more)
  • Jul 15, 2019 Velocity Announces Positive Drill Results from the Obichnik Gold Project, Bulgaria (more)
  • Jun 26, 2019 Velocity Receives Highly Anomalous Geophysical and Geochemical Results at the Obichnik Gold Project, Southeast Bulgaria (more)

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