• Zlatusha Copper-Gold Property

    Exploring for Epithermal, porphyry and skarn deposits.

Project Summary

  • Velocity has an option to acquire a 75% interest in the project.
  • The Zlatusha property, a large and underexplored area within the prolific copper-gold mineral belt of Western Srednogorie, represents a significant exploration opportunity. With a focus on epithermal gold, porphyry copper-gold, and skarn deposits, Velocity is set to unlock the potential of this region.
  • Situated in a tier-one porphyry copper-gold and epithermal belt, offering exceptional exploration potential.

Project Advantages

  • Exploration Potential: Large, underexplored property in a high-potential mineral belt.
  • Historical Drilling Data: Existing drilling data lays the groundwork for further exploration. Historical drilling totals 63 drill holes (~12,000m) with partial geochemical coverage. Drilling highlights at Zlatusha Prospect include 11m grading 3.63 g/t gold (at surface). Potential for porphyry mineralization not tested.

Zlatusha Option Terms

Cash PaymentsAggregate amount of $600,000
Additional PaymentsAggregate amount of $420,000, payable in cash or common shares of Velocity
Drilling Commitment40,000m of drilling on the Property
Mineral Resource EstimateDeliver an Inferred Mineral Resource estimate on a deposit on the Property, prepared in accordance with NI 43-101
Preliminary Economic AssessmentDeliver a Preliminary Economic Assessment on a deposit on the Property, in accordance with NI 43-101
Formation of Joint VentureUpon exercising the Option, Velocity and Raiden will form a Joint Venture with Velocity owning 75% and Raiden 25%.
DilutionIf a participant's interest falls below 15%, they will transfer their interest to the other participant in exchange for a 1% net smelter returns royalty. The major participant can buy half of this royalty (0.5%) for $1.5 million before a production decision.
Existing RoyaltySubject to a 2% net smelter royalty to Gold Bull Resources Corp., with options to reduce the royalty before commercial production by purchasing 0.5% for USD$2,500,000 and an additional 1% for USD$5,000,000.

Photo Gallery

  • Outcropping QSP-altered andesitic volcanic rock sampled by Velocity, grading 1.55 g/t gold and 130ppm copper (left), and altered andesite fragmental & andesite porphyry with disseminated chalcopyrite (right).
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Maps & Sections

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