7 September, 2018

Velocity Receives Positive Metallurgical Results at Rozino Gold Project, Southeast Bulgaria

Velocity Minerals Ltd. announce it has received positive results from comminution, flotation & gravity recovery, and leach test work on a bulk sample representative of the entire Rozino gold project, located in southeast Bulgaria.

Results of this work will be incorporated into the Rozino NI 43-101 Preliminary Economic Assessment, which is in progress with results expected to be released in September 2018. Delivery of the PEA is the mechanism by which Velocity will earn a 70% interest in the Rozino gold deposit.

“Comprehensive metallurgical test work has provided us with positive results for inclusion into the Rozino PEA. The results included here provide Velocity with a mechanism to produce a 30 g/t gold concentrate, which is amenable to processing at the nearby Gorubso carbon-in-leach plant,” stated Keith Henderson, Velocity’s President & CEO. “The flotation test work has demonstrated that the process delivers a high-quality concentrate for input to the existing CIL plant. With extremely low sulphide contents, low carbon contents and negligible deleterious elements, this low-volume, high-grade concentrate should complement the development options being considered in the PEA.”

Source: globenewswire