Multiple Near Surface Projects & Central Processing Plant
|Rozino Project||70% interest|
|Sedefche Project||Option to earn 70% interest|
|Makedontsi Project||Option to earn 70% interest|
|Obichnik Project||Option to earn 70% interest|
|Other Exploration Projects||Option to earn 70% interest|
|Processing Plant||Access to operating CIL plant|
Exploration and Mining Alliance with Bulgarian Partner
Velocity formed an Exploration and Mining Alliance with Gorubso Kardzhali A.D., an established Bulgarian operating partner, in February 2018. The Alliance covers all existing and future Gorubso and Velocity projects within an area of 10,400km2 covering the prospective Eastern Rhodope Gold Mining District in southeastern Bulgaria. The Alliance also provides Velocity with access to an operating CIL plant.
Velocity earned a 70% interest in the Rozino project through delivery of a Preliminary Economic Assessment. Velocity has negotiated options to earn a 70% interest in six other gold projects through delivery of individual 43-101 technical reports.