Velocity Sets Three New Drill Targets at Rozino Gold Project in Bulgaria
Canadian mineral exploration and development company Velocity Minerals said on Monday that it has identified three new drill targets through soil sampling at its Rozino gold project, located in Bulgaria. "Soil sampling results have defined three new high priority drill targets located adjacent to the pits outlined in the Rozino Preliminary Economic Assessment," Keith Henderson, Velocity’s president and CEO, said in a statement.Velocity intends to test at least one the new targets before the end of the year, if there is a possibility to quickly create road access to the new area.The area was previously tested by a single vertical drill hole completed by the Bulgarian state during the 1980’s."This historical drill hole was collared in what we can now see is a geochemically dead zone located between three very compelling soil anomalies," Henderson said.Earlier this month, Velocity said that it plans to complete 12 to 14 drill holes before the end of December, the first of which will test for depth extensions of mineralization intersected in recent trench sampling.