Iglika Project

• Large, 100%-owned exploration property located within the prolific Tethyan belt, which transects Serbia and Bulgaria. The Bulgarian portion of the belt has multiple active and historical mines, and yet is almost completely unexplored.
• Project currently optioned out to Dundee Precious Metals who can earn a 75% interest in the project through cash payments of $1.75 million, completion of 40,000m of drilling, and delivery of a prefeasibility study.

The prospecting license is prospective for copper-gold porphyry, epithemal gold, and copper-gold skarn mineralization. The historical Iglika copper skarn was explored historically prior to Velocity’s ownership of the project.

Dundee Precious Metals has initiated a drill program consisting of 24 drill holes for a total of 10,000m to test copper–gold porphyry, skarn, and epithermal targets identified by geochemical and geophysical anomalies, as well as through detailed mapping, soil sampling, and geophysical surveys to refine drill targets further.