Velocity Minerals Ltd. (Velocity) is engaged in the business of acquiring, exploring, and evaluating mineral resource properties in Bulgaria. The Company is focused on exploring its mineral resource properties and evaluating new properties for potential acquisition. The Company has a 70% interest in the Tintyava property, which includes the Rozino project, a 70% interest in the Momchil property, which includes the Obichnik project, a 70% interest in the Nadezhda property, which includes the Makedontsi project, and a 100% interest in the Iglika property. The Rozino project lies within the municipality of Ivaylovgrad in southeast Bulgaria, approximately 350 kilometers by road east-southeast of the capital, Sofia, and 85 kilometers by road from Gorubso's gold processing plant. The Obichnik project is located within the Momchil property. The Makedontsi project is located in southeast Bulgaria, approximately 10 kilometers by road from Bulgarian partner Gorubso’s gold processing plant.
Information provided by Copyright © 2023. All rights reserved.
Reuters content is the intellectual property of Reuters. Any copying, republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Reuters, Reuters Logo and the Sphere Logo are trademarks and registered trademarks of the Reuters Group of companies around the world.
Data is provided for information purposes only and is not intended for trading purposes. Reuters shall not be liable for any errors or delay in the content, or for any action taken in reliance on any content. The RIC or Reuters Instrument Code set has been developed and maintained by Reuters and is the intellectual property of Reuters.