Velocity Files Updated Technical Report at Obichnik Gold Project, Southeast Bulgaria

VANCOUVER, British Columbia, Dec. 08, 2021 (GLOBE NEWSWIRE) — Velocity Minerals Ltd. (TSXV: VLC) (“Velocity” or the “Company”) reports that it has filed an updated National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) technical report for the Durusu deposit at the Obichnik gold project (“Obichnik” or the “Project”), southeast Bulgaria (the “Updated Technical Report”). The Updated Technical Report incorporates an updated Inferred Mineral Resource estimate for the Project, and incorporates the results of recently completed metallurgical test-work, which indicates leach recoveries of approximately 95% for combined oxide and transitional material, and 96% for fresh / sulphide material. Read More