# Velocity Provides Corporate and Exploration Update and Extends Advisory Engagement

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b

Original source: https://money.tmx.com/en/quote/VLC/news/7410014278599023/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme

Publisher: tmx

Original announcement: 2024-06-13T16:14:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Velocity Minerals Ltd.

- Ticker: VLC

- Exchange: TSX

- Region: Bulgaria

- Primary commodity: Copper

- Secondary commodities: Gold

- Document categories: Drill results, Agreement transaction, Permitting

- Extracted: 2026-08-21 09:54:17 UTC

Narrative sentiment: 0.10 · Bullish

## Minestarters Atlas summary

Velocity Minerals reported new drill results from its Iglika project in Bulgaria, including low-grade copper and moderate-grade gold intercepts. Concurrently, Dundee Precious Metals announced its intent to terminate the Iglika option agreement, prompting Velocity to seek a new drill partner. The company is also evaluating strategic alternatives for its prefeasibility-stage Rozino gold deposit, including a potential sale.

Reasoning: Velocity Minerals provided an update with new drill results from Iglika, showing generally low-grade copper and moderate-grade gold intercepts. However, the termination of the option agreement by DPM for Iglika and the consideration of selling the prefeasibility-stage Rozino gold deposit introduce significant strategic uncertainty and a need for new partnerships/funding.

- Positive factor: new\_drill\_results

- Positive factor: qaqc\_disclosed

- Positive factor: permitting\_progress

- Negative factor: partner\_withdrawal

- Negative factor: potential\_divestment

- Negative factor: low\_copper\_grades

Facts used in scoring: 69

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release explicitly mentions that work programs are designed and supervised by a QP, samples are security sealed, and field duplicates, blanks, and standards are added to every batch, with analysis by SGS Mineral Services.

Evidence · text

> The work programs in Bulgaria are designed and supervised by Daniel Marinov, MAIG RPGeo, the Company's Vice President Operations who is responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to SGS Mineral Services laboratory in Burgas, Bulgaria and Bor, Serbia \(drill core\), for sample preparation and subsequent analysis. Drill core samples are prepared and analyzed by fire assay using a 30-gram charge and multi-element analysis with four acid digestion using an Inductively Coupled Mass Spectrometer in compliance with industry standards at SGS Mineral Services laboratory. Field duplicate samples, blanks and independent controlled reference material \(standards\) are added to every batch.

**Cut-off Disclosed**

Polarity: positive

Story-specific tag

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The cut-off grades and internal dilution rules for both main and 'including' intercepts are clearly stated for copper and gold drill results.

Evidence · text

> main intercepts calculated using a 0.05 % copper trigger, a minimum 0.1 % copper composite grade, and a maximum of 6 metres consecutive waste. Including intercepts calculated using higher parameters to minimize number of intervals generated \(0.1% copper trigger, a minimum 0.2% copper composite grade, and a maximum 3m of consecutive waste\).

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The document explicitly references 'previous news release January 23, 2024' for the 'best drill intersection' from DPM's program, indicating these are not new results.

Evidence · text

> Following completion of DPM's drill program, the best drill intersection is 71m at 0.15% copper, including 4.7m at 0.26% copper, 6.0m at 0.37% copper, and 24.5m at 0.21% copper \(see previous news release January 23, 2024\).

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: The core photos mention 'chalcopyrite-pyrite' and 'pyrite' which can indicate sulfur, a common deleterious element in copper concentrates.

Evidence · text

> Photos A-D from drill hole IDD-006: A\) at 466.8m; disseminated and veinlet of chalcopyrite-pyrite \(cpy-pyy\) in chlorite-sericite±epidote altered crowded feldspar porphyry.

## Extracted facts

Stored fact records: 69. Some facts used in scoring do not have a stored record.

## Drill Results (69)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-0)

Iglika · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.21
- Grade Unit: %
- Intercept: 24.5 m

#### Classification

- Deposit Type: porphyry
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2024-01-23T00:00:00.000Z

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This historical sub-interval shows a moderate copper grade over a good width, but it is not new information.

- Positive factor: good\_width

- Negative factor: stale\_data\_re\_release

Evidence · text

> 24.5m at 0.21% copper

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-1)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 4.3 m
- From: 76.6 m
- To: 80.9 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:76.6-80.9
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper, typical for porphyry but not highly material.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.11

Context: 4.30

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-2)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.16
- Grade Unit: %
- Intercept: 15 m
- From: 97.5 m
- To: 112.5 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:97.50-112.50
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A moderate width intercept of low-grade copper, typical for porphyry.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.16

Context: 15.00

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-3)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.47
- Grade Unit: %
- Intercept: 4 m
- From: 99.5 m
- To: 103.5 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:97.50-112.50
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A higher-grade copper sub-interval within a broader zone, indicating better mineralization locally.

Evidence · table

> 0.47

Context: 4.00

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-4)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.17
- Grade Unit: %
- Intercept: 3.2 m
- From: 214.1 m
- To: 217.3 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:214.1-217.3
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.17

Context: 3.20

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-5)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.13
- Grade Unit: %
- Intercept: 4.4 m
- From: 222.6 m
- To: 227 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:222.6-227
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.13

Context: 4.40

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-6)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 3 m
- From: 311.3 m
- To: 314.3 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:311.3-314.3
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.11

Context: 3.00

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-7)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.15
- Grade Unit: %
- Intercept: 70.9 m
- From: 430 m
- To: 500.9 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:430.00-500.90
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A very wide intercept of low-grade copper, typical for porphyry deposits.

- Positive factor: good\_width

- Negative factor: low\_copper\_grades

Evidence · table

> 0.15

Context: 70.90

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-8)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.26
- Grade Unit: %
- Intercept: 4.7 m
- From: 447.4 m
- To: 452.1 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:430.00-500.90
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A higher-grade copper sub-interval within a broader zone.

Evidence · table

> 0.26

Context: 4.70

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-9)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.21
- Grade Unit: %
- Intercept: 2 m
- From: 458.7 m
- To: 460.7 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:430.00-500.90
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A higher-grade copper sub-interval within a broader zone.

Evidence · table

> 0.21

Context: 2.00

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-10)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.37
- Grade Unit: %
- Intercept: 6 m
- From: 464.7 m
- To: 470.7 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:430.00-500.90
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A higher-grade copper sub-interval within a broader zone.

Evidence · table

> 0.37

Context: 6.00

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-11)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.21
- Grade Unit: %
- Intercept: 24.5 m
- From: 476.4 m
- To: 500.9 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:430.00-500.90
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A significant width of moderate-grade copper within a broader zone.

- Positive factor: good\_width

Evidence · table

> 0.21

Context: 24.50

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-12)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.17
- Grade Unit: %
- Intercept: 3.1 m
- From: 551.4 m
- To: 554.5 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:551.4-554.5
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.17

Context: 3.10

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-13)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.21
- Grade Unit: %
- Intercept: 2.1 m
- From: 552.4 m
- To: 554.5 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:552.4-554.5
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of moderate-grade copper.

Evidence · table

> 0.21

Context: 2.10

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-14)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 3 m
- From: 576 m
- To: 579 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:576-579
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.11

Context: 3.00

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-15)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.1
- Grade Unit: %
- Intercept: 10.7 m
- From: 650.3 m
- To: 661 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:650.3-661
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A moderate width intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.10

Context: 10.70

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-16)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.1
- Grade Unit: %
- Intercept: 7.5 m
- From: 707.6 m
- To: 715.1 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:707.6-715.1
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A moderate width intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.10

Context: 7.50

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-17)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.12
- Grade Unit: %
- Intercept: 4.1 m
- From: 730.5 m
- To: 734.6 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:730.5-734.6
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.12

Context: 4.10

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-18)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.16
- Grade Unit: %
- Intercept: 11.6 m
- From: 772.7 m
- To: 784.3 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:772.70-784.30
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A moderate width intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.16

Context: 11.60

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-19)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.38
- Grade Unit: %
- Intercept: 3 m
- From: 781.3 m
- To: 784.3 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:772.70-784.30
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A higher-grade copper sub-interval within a broader zone.

Evidence · table

> 0.38

Context: 3.00

### IDD-006

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-20)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 5 m
- From: 833.6 m
- To: 838.6 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-006:833.6-838.6
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.11

Context: 5.00

### IDD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-21)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 8.1 m
- From: 63.9 m
- To: 72 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-014:63.90-72.00
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A moderate width intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.11

Context: 8.10

### IDD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-22)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.27
- Grade Unit: %
- Intercept: 2 m
- From: 70 m
- To: 72 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-014:63.90-72.00
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A higher-grade copper sub-interval within a broader zone.

Evidence · table

> 0.27

Context: 2.00

### IDD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-23)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.36
- Grade Unit: %
- Intercept: 4.1 m
- From: 110.9 m
- To: 115 m

#### Classification

- Deposit Type: porphyry
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of moderate-grade copper.

Evidence · table

> 0.36

Context: 4.10

### IDD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-24)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.14
- Grade Unit: %
- Intercept: 7.5 m
- From: 222.3 m
- To: 229.8 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-014:222.30-229.80
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A moderate width intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.14

Context: 7.50

### IDD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-25)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.21
- Grade Unit: %
- Intercept: 4.2 m
- From: 222.3 m
- To: 226.5 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-014:222.30-229.80
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A higher-grade copper sub-interval within a broader zone.

Evidence · table

> 0.21

Context: 4.20

### IDD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-26)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.12
- Grade Unit: %
- Intercept: 5.5 m
- From: 259.5 m
- To: 265 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-014:259.50-265.00
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.12

Context: 5.50

### IDD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-27)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.22
- Grade Unit: %
- Intercept: 2.2 m
- From: 262.8 m
- To: 265 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-014:259.50-265.00
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A higher-grade copper sub-interval within a broader zone.

Evidence · table

> 0.22

Context: 2.20

### IDD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-28)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.14
- Grade Unit: %
- Intercept: 15 m
- From: 389.1 m
- To: 404.1 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-014:389.10-404.10
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A moderate width intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.14

Context: 15.00

### IDD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-29)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.21
- Grade Unit: %
- Intercept: 4 m
- From: 400.1 m
- To: 404.1 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-014:389.10-404.10
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A higher-grade copper sub-interval within a broader zone.

Evidence · table

> 0.21

Context: 4.00

### IDD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-30)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.1
- Grade Unit: %
- Intercept: 6.4 m
- From: 414.7 m
- To: 421.1 m

#### Classification

- Deposit Type: porphyry
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A moderate width intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.10

Context: 6.40

### IDD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-31)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 6 m
- From: 626.3 m
- To: 632.3 m

#### Classification

- Deposit Type: porphyry
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A moderate width intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.11

Context: 6.00

### IDD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-32)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.12
- Grade Unit: %
- Intercept: 3.3 m
- From: 689.3 m
- To: 692.6 m

#### Classification

- Deposit Type: porphyry
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.12

Context: 3.30

### IDD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-33)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 46.8 m
- From: 755.7 m
- To: 802.5 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-014:755.70-802.50
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A wide intercept of low-grade copper, typical for porphyry deposits.

- Positive factor: good\_width

- Negative factor: low\_copper\_grades

Evidence · table

> 0.11

Context: 46.80

### IDD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-34)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.23
- Grade Unit: %
- Intercept: 7 m
- From: 767.6 m
- To: 774.6 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-014:755.70-802.50
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A higher-grade copper sub-interval within a broader zone.

Evidence · table

> 0.23

Context: 7.00

### IDD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-35)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.25
- Grade Unit: %
- Intercept: 2 m
- From: 789.6 m
- To: 791.6 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-014:755.70-802.50
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A higher-grade copper sub-interval within a broader zone.

Evidence · table

> 0.25

Context: 2.00

### IDD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-36)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.12
- Grade Unit: %
- Intercept: 41.5 m
- From: 909 m
- To: 950.5 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-014:909.00-950.50
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A wide intercept of low-grade copper, typical for porphyry deposits.

- Positive factor: good\_width

- Negative factor: low\_copper\_grades

Evidence · table

> 0.12

Context: 41.50

### IDD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-37)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.22
- Grade Unit: %
- Intercept: 2 m
- From: 921.4 m
- To: 923.4 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-014:909.00-950.50
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A higher-grade copper sub-interval within a broader zone.

Evidence · table

> 0.22

Context: 2.00

### IDD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-38)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.23
- Grade Unit: %
- Intercept: 2 m
- From: 931.5 m
- To: 933.5 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-014:909.00-950.50
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A higher-grade copper sub-interval within a broader zone.

Evidence · table

> 0.23

Context: 2.00

### IDD-016

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-39)

Iglika · copper

#### Identity

- Hole ID: IDD-016
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 3.7 m
- From: 92.3 m
- To: 96 m

#### Classification

- Deposit Type: porphyry
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.11

Context: 3.70

### IDD-016

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-40)

Iglika · copper

#### Identity

- Hole ID: IDD-016
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 4 m
- From: 810.6 m
- To: 814.6 m

#### Classification

- Deposit Type: porphyry
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.11

Context: 4.00

### IDD-007

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-41)

Iglika · copper

#### Identity

- Hole ID: IDD-007
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.35
- Grade Unit: %
- Intercept: 1.4 m
- From: 709.6 m
- To: 711 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-007:709.6-711
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A very narrow intercept of moderate-grade copper.

Evidence · table

> 0.35

Context: 1.40

### IDD-017

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-42)

Iglika · copper

#### Identity

- Hole ID: IDD-017
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 3 m
- From: 114.7 m
- To: 117.7 m

#### Classification

- Deposit Type: porphyry
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.11

Context: 3.00

### IDD-017

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-43)

Iglika · copper

#### Identity

- Hole ID: IDD-017
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.14
- Grade Unit: %
- Intercept: 3.8 m
- From: 145.7 m
- To: 149.5 m

#### Classification

- Deposit Type: porphyry
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.14

Context: 3.80

### IDD-017

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-44)

Iglika · copper

#### Identity

- Hole ID: IDD-017
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 3 m
- From: 608.2 m
- To: 611.2 m

#### Classification

- Deposit Type: porphyry
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.11

Context: 3.00

### IDD-008

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-45)

Iglika · copper

#### Identity

- Hole ID: IDD-008
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.12
- Grade Unit: %
- Intercept: 3 m
- From: 406.6 m
- To: 409.6 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-008:406.6-409.6
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.12

Context: 3.00

### IDD-008

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-46)

Iglika · copper

#### Identity

- Hole ID: IDD-008
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 5.6 m
- From: 427.6 m
- To: 433.2 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-008:427.6-433.2
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.11

Context: 5.60

### IDD-008

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-47)

Iglika · copper

#### Identity

- Hole ID: IDD-008
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.12
- Grade Unit: %
- Intercept: 9.2 m
- From: 446.4 m
- To: 455.6 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-008:446.4-455.6
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A moderate width intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.12

Context: 9.20

### IDD-009

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-48)

Iglika · copper

#### Identity

- Hole ID: IDD-009
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.12
- Grade Unit: %
- Intercept: 3 m
- From: 353.1 m
- To: 356.1 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-009:353.1-356.1
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.12

Context: 3.00

### IDD-010

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-49)

Iglika · copper

#### Identity

- Hole ID: IDD-010
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 3 m
- From: 43.7 m
- To: 46.7 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-010:43.7-46.7
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.11

Context: 3.00

### IDD-010

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-50)

Iglika · copper

#### Identity

- Hole ID: IDD-010
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.13
- Grade Unit: %
- Intercept: 15.1 m
- From: 80.8 m
- To: 95.9 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-010:80.80-95.90
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A moderate width intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.13

Context: 15.10

### IDD-010

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-51)

Iglika · copper

#### Identity

- Hole ID: IDD-010
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.22
- Grade Unit: %
- Intercept: 2 m
- From: 89 m
- To: 91 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-010:80.80-95.90
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A higher-grade copper sub-interval within a broader zone.

Evidence · table

> 0.22

Context: 2.00

### IDD-010

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-52)

Iglika · copper

#### Identity

- Hole ID: IDD-010
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.12
- Grade Unit: %
- Intercept: 7.2 m
- From: 103.2 m
- To: 110.4 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-010:103.2-110.4
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A moderate width intercept of low-grade copper.

- Negative factor: low\_copper\_grades

Evidence · table

> 0.12

Context: 7.20

### IDD-010

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-53)

Iglika · copper

#### Identity

- Hole ID: IDD-010
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.34
- Grade Unit: %
- Intercept: 1.6 m
- From: 130.9 m
- To: 132.5 m

#### Classification

- Deposit Type: porphyry
- Group ID: IDD-010:130.9-132.5
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: %
- Dilution Disclosed: Yes
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A very narrow intercept of moderate-grade copper.

Evidence · table

> 0.34

Context: 1.60

### IDD-008

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-54)

Iglika · gold

#### Identity

- Hole ID: IDD-008
- Project: Iglika
- Commodity: gold
- Ticker: VLC

#### Geometry

- Grade: 0.65
- Grade Unit: g/t
- Intercept: 4.7 m
- From: 363.3 m
- To: 368 m

#### Classification

- Deposit Type: epithermal
- Mining Method: underground

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of moderate-grade gold.

Evidence · table

> 0.65

Context: 4.70

### IDD-009

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-55)

Iglika · gold

#### Identity

- Hole ID: IDD-009
- Project: Iglika
- Commodity: gold
- Ticker: VLC

#### Geometry

- Grade: 0.59
- Grade Unit: g/t
- Intercept: 4.3 m
- From: 472.1 m
- To: 476.4 m

#### Classification

- Deposit Type: epithermal
- Mining Method: underground

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of moderate-grade gold.

Evidence · table

> 0.59

Context: 4.30

### IDD-011

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-56)

Iglika · gold

#### Identity

- Hole ID: IDD-011
- Project: Iglika
- Commodity: gold
- Ticker: VLC

#### Geometry

- Grade: 0.58
- Grade Unit: g/t
- Intercept: 1.1 m
- From: 84.4 m
- To: 85.5 m

#### Classification

- Deposit Type: epithermal
- Mining Method: underground

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A very narrow intercept of moderate-grade gold.

Evidence · table

> 0.58

Context: 1.10

### IDD-011

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-57)

Iglika · gold

#### Identity

- Hole ID: IDD-011
- Project: Iglika
- Commodity: gold
- Ticker: VLC

#### Geometry

- Grade: 0.56
- Grade Unit: g/t
- Intercept: 1 m
- From: 96.8 m
- To: 97.8 m

#### Classification

- Deposit Type: epithermal
- Mining Method: underground

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A very narrow intercept of moderate-grade gold.

Evidence · table

> 0.56

Context: 1.00

### IDD-012

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-58)

Iglika · gold

#### Identity

- Hole ID: IDD-012
- Project: Iglika
- Commodity: gold
- Ticker: VLC

#### Geometry

- Grade: 1.35
- Grade Unit: g/t
- Intercept: 1 m
- From: 22.1 m
- To: 23.1 m

#### Classification

- Deposit Type: epithermal
- Mining Method: underground

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A very narrow intercept of moderate-grade gold.

Evidence · table

> 1.35

Context: 1.00

### IDD-012

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-59)

Iglika · gold

#### Identity

- Hole ID: IDD-012
- Project: Iglika
- Commodity: gold
- Ticker: VLC

#### Geometry

- Grade: 2.03
- Grade Unit: g/t
- Intercept: 1 m
- From: 71.5 m
- To: 72.5 m

#### Classification

- Deposit Type: epithermal
- Mining Method: underground

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A very narrow intercept of strong-grade gold.

Evidence · table

> 2.03

Context: 1.00

### IDD-013

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-60)

Iglika · gold

#### Identity

- Hole ID: IDD-013
- Project: Iglika
- Commodity: gold
- Ticker: VLC

#### Geometry

- Grade: 1.61
- Grade Unit: g/t
- Intercept: 3.3 m
- From: 19.2 m
- To: 22.5 m

#### Classification

- Deposit Type: epithermal
- Mining Method: underground

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: A narrow intercept of moderate-grade gold.

Evidence · table

> 1.61

Context: 3.30

### Fact 62

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-61)

Iglika

#### Identity

- Project: Iglika
- Region: bulgaria
- Reported Region: Bulgaria
- Ticker: VLC

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: Permitting for the Iglika project is in progress, which is a necessary step for future drilling.

- Positive factor: permitting\_progress

Evidence · text

> The Iglika prospecting license is currently awaiting approval of an application for a two-year extension and once drill permitting is also completed, drilling of targets can begin.

### Fact 63

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-62)

Rozino · gold

#### Identity

- Project: Rozino
- Commodity: gold
- Region: bulgaria
- Reported Region: Bulgaria
- Ticker: VLC

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: Consideration of selling the key Rozino gold deposit indicates a significant strategic shift, potentially due to funding or focus issues.

- Negative factor: potential\_divestment

Evidence · text

> The Company is considering various strategic alternatives including but not limited to the sale of the Rozino gold deposit \(" Rozino "\).

### including

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-63)

Iglika · copper

#### Identity

- Hole ID: including
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.47
- Grade Unit: %
- Intercept: 4 m
- From: 99.5 m
- To: 103.5 m

#### Classification

- Deposit Type: porphyry
- Sample Type: drill
- Group ID: including:99.5-103.5
- Mining Method: open\_pit

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: Expanded from assay table. 0.47 % copper is strong against the porphyry deposit band \[0.8, 0.4, 0.25, 0.15\] %. Grade×width 1.9 %·m is below \(grade alone is strong; the better of the two is used\).

- Positive factor: 0.47 % copper is strong on the porphyry deposit band.

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.47

Context: including

### including

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-64)

Iglika · copper

#### Identity

- Hole ID: including
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.26
- Grade Unit: %
- Intercept: 4.7 m
- From: 447.4 m
- To: 452.1 m

#### Classification

- Deposit Type: porphyry
- Sample Type: drill
- Group ID: including:447.4-452.1
- Mining Method: open\_pit

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: Expanded from assay table. 0.26 % copper is moderate against the porphyry deposit band \[0.8, 0.4, 0.25, 0.15\] %. Grade×width 1.2 %·m is below \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.26

Context: including

### including

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-65)

Iglika · copper

#### Identity

- Hole ID: including
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.21
- Grade Unit: %
- Intercept: 2 m
- From: 458.7 m
- To: 460.7 m

#### Classification

- Deposit Type: porphyry
- Sample Type: drill
- Group ID: including:458.7-460.7
- Mining Method: open\_pit

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: Expanded from assay table. 0.21 % copper is weak against the porphyry deposit band \[0.8, 0.4, 0.25, 0.15\] %. Grade×width 0.4 %·m is below \(grade alone is weak; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.21

Context: including

### including

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-66)

Iglika · copper

#### Identity

- Hole ID: including
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.37
- Grade Unit: %
- Intercept: 6 m
- From: 464.7 m
- To: 470.7 m

#### Classification

- Deposit Type: porphyry
- Sample Type: drill
- Group ID: including:464.7-470.7
- Mining Method: open\_pit

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: Expanded from assay table. 0.37 % copper is moderate against the porphyry deposit band \[0.8, 0.4, 0.25, 0.15\] %. Grade×width 2.2 %·m is below \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.37

Context: including

### including

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-67)

Iglika · copper

#### Identity

- Hole ID: including
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.21
- Grade Unit: %
- Intercept: 24.5 m
- From: 476.4 m
- To: 500.9 m

#### Classification

- Deposit Type: porphyry
- Sample Type: drill
- Group ID: including:476.4-500.9
- Mining Method: open\_pit

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: Expanded from assay table. 0.21 % copper is weak against the porphyry deposit band \[0.8, 0.4, 0.25, 0.15\] %. Grade×width 5.1 %·m is below \(grade alone is weak; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.21

Context: including

### including

[Link to this fact](https://atlas-staging.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--013e67cc-f55a-488f-ae2b-6796c29ae30b#fact-drill-facts-68)

Iglika · copper

#### Identity

- Hole ID: including
- Project: Iglika
- Commodity: copper
- Ticker: VLC

#### Geometry

- Grade: 0.38
- Grade Unit: %
- Intercept: 3 m
- From: 781.3 m
- To: 784.3 m

#### Classification

- Deposit Type: porphyry
- Sample Type: drill
- Group ID: including:781.3-784.3
- Mining Method: open\_pit

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: Expanded from assay table. 0.38 % copper is moderate against the porphyry deposit band \[0.8, 0.4, 0.25, 0.15\] %. Grade×width 1.1 %·m is below \(grade alone is moderate; the better of the two is used\).

- Negative factor: Scored from rubric bands during table expansion, not from document context.

Evidence · table

> 0.38

Context: including

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.