Velocity Minerals Ltd.

  • Company

    Local knowledge and experience are essential components of successful mining investment

Velocity is a Canadian gold exploration and development company focused on Bulgaria.

The Company’s leadership team includes mining industry professionals with over 100 years of combined experience spanning Europe, Asia and the Americas as employees of major mining companies as well as founders and senior executives of junior to mid-tier public companies. 

The teams’ experience includes all aspects of mineral exploration, resource definition, feasibility, finance, mine construction and mine operation as well as a track record in managing publicly listed companies and bringing real value to shareholders. 

Local Knowledge and Experience

Velocity’s Bulgarian operating partner, Gorubso Kardzhali A.D., provides Velocity with access to an operating gold processing plant. Gorubso, an established and respected mining company in Bulgaria, operates the processing plant. The plant produces gold doré for additional processing at a local refining facility.

Velocity has a 70% interest in the Tintyava property, which includes the Rozino gold project, and a 70% interest in the Momchil property, which includes the Obichnik gold project, with Gorubso holding 30%. The Company has entered into an option agreement with Gorubso to earn a 70% interest in the Makedontsi gold project. Velocity has a 100% interest in the Iglika gold-copper property.

Velocity’s management has a long-standing business relationship with Gorubso as well as abundant previous experience in Bulgaria and elsewhere in the region. 

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