Drill Results At Rozino Gold Project
VANCOUVER - Velocity Minerals Ltd. provides an update on positive drill results from its flagship Rozino gold project located in southeastern Bulgaria. Results from 30 new drill holes include 17 drill holes containing significant gold intersects. Exploration drilling of areas adjacent to the Prefeasibility Study Rozino design pit, plus initial exploration drilling of selected gold-in-soil anomalies located proximal to Rozino have recently been completed.
The drill intersections have not yet been included in a resource model and true thickness of mineralization has not yet been determined. Drill holes are designed to intersect mineralization perpendicular or close to perpendicular. Drill intersections are calculated using a top-cut of 40 g/t gold, a 0.2 g/t gold trigger, a minimum 0.5 g/t gold composite, and a maximum of 3 meters consecutive waste. A single 1m sample from RDD-258 reported 49.2 ppm gold and one significant interval was consequently top cut to 40g/t, returning 5m @ 8.27 g/t gold.