The Rozino Project: Situated within the in southeast Bulgaria's Ivaylovgrad municipality, the Rozino project is co-owned by Velocity (70%) and Gorubso Kardzhali A.D. (30%). It is a mine development project, which is currently being permitted.
(effective date April 15, 2020)
| Within $1,500/oz pit shell | |||
|---|---|---|---|
| Indicated Mineral Resource Estimate | |||
| Cut-off Grade (g/t) | Tonnes (Mt) | Gold Grade (g/t) | Contained Gold (koz) |
| 0.2 | 27.2 | 0.72 | 630 |
| 0.3 | 20.5 | 0.87 | 573 |
| 0.4 | 15.5 | 1.04 | 518 |
| 0.5 | 12.0 | 1.22 | 471 |
| 0.6 | 9.42 | 1.40 | 424 |
| Inferred Mineral Resource Estimate | |||
|---|---|---|---|
| Cut-off Grade (g/t) | Tonnes (Mt) | Gold Grade (g/t) | Contained Gold (koz) |
| 0.2 | 0.49 | 0.7 | 11 |
| 0.3 | 0.38 | 0.8 | 10 |
| 0.4 | 0.29 | 0.9 | 8 |
| 0.5 | 0.23 | 1.0 | 7 |
| 0.6 | 0.17 | 1.2 | 7 |
(effective date August 30, 2020)
| Probable Mineral Reserves | ||||||
|---|---|---|---|---|---|---|
| Ore Type | Reserve Category | Tonnes (Mt) | Gold Grade (g/t) | Contained Metal (KOZ Gold) | Metallurgical Recovery (%) | Recoverable Metal (KOZ Gold) |
| Oxide | Probable | 1.9 | 1.07 | 64 | 67.4 | 43 |
| Transitional | Probable | 1.8 | 1.15 | 68 | 70.7 | 48 |
| Sulphide | Probable | 8.1 | 1.27 | 332 | 83.3 | 277 |
| Total | Probable | 11.8 | 1.22 | 464 | 79.3 | 368 |
Revised PFS pit shell showing Velocity drill holes and highlighting drill intercepts greater than 0.5 g/t gold.
