- The Makedontsi deposit is part of the Nadezhda property in southeast Bulgaria, co-owned by Velocity (70%) and Gorubso Kardzhali A.D. (30%). Located approximately 10km by road from Gorubso’s gold processing plant and with significant untested upside potential.
Project Summary
Exploration Overview
- Mineralization Details: Mineralization outcropping at Makedontsi with potential expansion to the east under a thin veneer of post-mineral limestone.
- Potential for Expansion: The deposit remains open for systematic exploration to investigate its full potential and to deliver a mineral resource estimate under NI 43-101.
Historical Estimate and Exploration Plans
- Historical Data: A historical estimate based on approximately 250 drill holes and 5,000m of trenching completed by Gorubso.
- Future Drilling Plans: Velocity aims to assess the expansion potential within the contiguous Dangovo property, where mineralization is interpreted to extend eastward under a thin veneer of limestone.
Project Advantages
- Open Mining Potential: The deposit is partially outcropping at surface and potentially at shallow depth to the east presenting opportunities for open pit mining.
- Expansion Capability: The open nature of the deposit to the east offers significant potential for expansion.
- Systematic Exploration: Planned systematic exploration to fully realize the deposit's potential.
Photo Gallery
Makedontsi, drilling1 of 2
Rock samples2 of 2