And at the Makedontsi Gold Project [Velocity 70%; Gorubso 30%], Velocity is working toward increasing the current land package while formulating a phase-one drill program designed to verify mineralization from historical drill holes and to infill untested portions of the mineralized body. The project is strategically located just 10 km from Gorubsu’s plant.
And finally, Velocity has secured a 100% interest in the Iglika Gold Project (see image above; top-right), which is considered a very early-stage explortion property. While located a bit further out, the project is well within the vicinity of the Gorubso plant if a discovery can be made there.
Thus, you can see how the company’s hub-and-spoke strategy is coming together by way of its strategic partnership with Gorubso — a well-established and respected Bulgarian mining firm. In terms of jurisdiction, Bulgaria is very pro-mining and has the backing of the EU — making it one of the safer eastern European mining jurisdictions for multinational firms like Velocity.
Velocity Minerals is led by president & CEO, Keith Henderson, a professional geologist with over 25 years of experience throughout Europe, North and South America, and Africa. Keith has put together a highly impressive team of mining professionals with over a century of combined experience covering everything from greenfield exploration to mine development.