# Velocity Receives Positive Drill Results from Iglika Copper-Gold Project, Southeast Bulgaria Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/velocity-receives-positive-drill-results-from-iglika-copper-gold-project-southea--4b7a2e76-81d3-4f69-b533-95b0be3c2fb7 Original source: https://money.tmx.com/en/quote/VLC/news/4563035443341640/velocity-receives-positive-drill-results-from-iglika-copper-gold-project-southea Publisher: tmx Original announcement: 2024-01-23T13:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Velocity Minerals Ltd. - Ticker: VLC - Exchange: TSX - Region: Southeast Bulgaria - Primary commodity: Copper - Secondary commodities: Gold - Document categories: Drill results, Other - Extracted: 2026-08-21 11:00:30 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Velocity Minerals reported positive drill results from the Iglika copper-gold project in Bulgaria, highlighted by a 70.9m copper intercept in hole IDD-006. The company also reported high-grade gold from trench channel sampling and has mobilized a second drill rig to continue Phase II exploration. Reasoning: The drill results show significant continuity of copper mineralization \(>70m\) and high-grade sub-intervals, supported by robust QA/QC and geophysical correlation. - Positive factor: consistent copper mineralization over 70m - Positive factor: geological correlation with magnetic modeling - Positive factor: QA/QC protocols disclosed - Negative factor: true width not disclosed Facts used in scoring: 8 ## 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: Release details specific QA/QC protocols including use of blanks, standards, and duplicates, and names SGS and ALS laboratories. Evidence · text > Field duplicate samples, blanks and independent controlled reference material \(standards\) are added to every batch. **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: The document explicitly states that true thickness is unknown and reported as drill core length. Evidence · text > True thickness of mineralization is unknown and reported as drill core length. ## Extracted facts Stored fact records: 8. Some facts used in scoring do not have a stored record. ## Drill Results (8) ### IDD-006 [Link to this fact](https://atlas-staging.minestarters.com/news/velocity-receives-positive-drill-results-from-iglika-copper-gold-project-southea--4b7a2e76-81d3-4f69-b533-95b0be3c2fb7#fact-drill-facts-0) Iglika · copper #### Identity - Hole ID: IDD-006 - Project: Iglika - Commodity: copper - Region: southeast bulgaria - Reported Region: Southeast Bulgaria - Ticker: VLC #### Geometry - Grade: 0.47 - Grade Unit: % - Intercept: 4 m - From: 99.5 m - To: 103.5 m #### Classification - Sample Type: drill - Group ID: IDD-006:99.5-103.5 - Mining Method: unknown #### 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: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-01-23T00:00:00.000Z Reasoning: 0.47% Cu over 4m is a strong intercept for a porphyry-style deposit. - Positive factor: strong grade for porphyry Evidence · text > 4.0m \(from 99.5m depth\) grading 0.47% copper ### IDD-006 [Link to this fact](https://atlas-staging.minestarters.com/news/velocity-receives-positive-drill-results-from-iglika-copper-gold-project-southea--4b7a2e76-81d3-4f69-b533-95b0be3c2fb7#fact-drill-facts-1) Iglika · copper #### Identity - Hole ID: IDD-006 - Project: Iglika - Commodity: copper - Region: southeast bulgaria - Reported Region: Southeast Bulgaria - Ticker: VLC #### Geometry - Grade: 1.77 - Grade Unit: % - Intercept: 1 m #### Classification - Sample Type: drill - Group ID: IDD-006:99.5-103.5 - Mining Method: unknown #### 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: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-01-23T00:00:00.000Z Reasoning: High grade 1.77% Cu sub-interval within the 4m intercept. - Positive factor: high grade sub-interval Evidence · text > including 1.0m grading 1.77% copper ### IDD-006 [Link to this fact](https://atlas-staging.minestarters.com/news/velocity-receives-positive-drill-results-from-iglika-copper-gold-project-southea--4b7a2e76-81d3-4f69-b533-95b0be3c2fb7#fact-drill-facts-2) Iglika · copper #### Identity - Hole ID: IDD-006 - Project: Iglika - Commodity: copper - Region: southeast bulgaria - Reported Region: Southeast Bulgaria - Ticker: VLC #### Geometry - Grade: 0.15 - Grade Unit: % - Intercept: 70.9 m - From: 430 m - To: 500.9 m #### Classification - Sample Type: drill - Group ID: IDD-006:430.0-500.9 - Mining Method: unknown #### 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: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-01-23T00:00:00.000Z Reasoning: 70.9m width provides significant continuity of mineralization. - Positive factor: significant width Evidence · table > 0.15 Context: 70.9 ### IDD-006 [Link to this fact](https://atlas-staging.minestarters.com/news/velocity-receives-positive-drill-results-from-iglika-copper-gold-project-southea--4b7a2e76-81d3-4f69-b533-95b0be3c2fb7#fact-drill-facts-3) Iglika · copper #### Identity - Hole ID: IDD-006 - Project: Iglika - Commodity: copper - Region: southeast bulgaria - Reported Region: Southeast Bulgaria - Ticker: VLC #### Geometry - Grade: 0.26 - Grade Unit: % - Intercept: 4.7 m - From: 447.4 m - To: 452.1 m #### Classification - Sample Type: drill - Group ID: IDD-006:447.4-452.1 - Mining Method: unknown #### 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: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-01-23T00:00:00.000Z Reasoning: Sub-interval within the larger 70.9m intercept. Evidence · table > 0.26 Context: 4.7 ### IDD-006 [Link to this fact](https://atlas-staging.minestarters.com/news/velocity-receives-positive-drill-results-from-iglika-copper-gold-project-southea--4b7a2e76-81d3-4f69-b533-95b0be3c2fb7#fact-drill-facts-4) Iglika · copper #### Identity - Hole ID: IDD-006 - Project: Iglika - Commodity: copper - Region: southeast bulgaria - Reported Region: Southeast Bulgaria - Ticker: VLC #### Geometry - Grade: 0.37 - Grade Unit: % - Intercept: 6 m - From: 464.7 m - To: 470.7 m #### Classification - Sample Type: drill - Group ID: IDD-006:464.7-470.7 - Mining Method: unknown #### 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: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-01-23T00:00:00.000Z Reasoning: Sub-interval within the larger 70.9m intercept. Evidence · table > 0.37 Context: 6.0 ### IDD-006 [Link to this fact](https://atlas-staging.minestarters.com/news/velocity-receives-positive-drill-results-from-iglika-copper-gold-project-southea--4b7a2e76-81d3-4f69-b533-95b0be3c2fb7#fact-drill-facts-5) Iglika · copper #### Identity - Hole ID: IDD-006 - Project: Iglika - Commodity: copper - Region: southeast bulgaria - Reported Region: Southeast Bulgaria - Ticker: VLC #### Geometry - Grade: 0.21 - Grade Unit: % - Intercept: 24.5 m - From: 476.4 m - To: 500.9 m #### Classification - Sample Type: drill - Group ID: IDD-006:476.4-500.9 - Mining Method: unknown #### 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: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-01-23T00:00:00.000Z Reasoning: Sub-interval within the larger 70.9m intercept. Evidence · table > 0.21 Context: 24.5 ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/velocity-receives-positive-drill-results-from-iglika-copper-gold-project-southea--4b7a2e76-81d3-4f69-b533-95b0be3c2fb7#fact-drill-facts-6) gold #### Identity - Commodity: gold - Region: southeast bulgaria - Reported Region: Southeast Bulgaria - Ticker: VLC #### Geometry - Grade: 2.37 - Grade Unit: g/t - Intercept: 7.8 m #### Classification - Sample Type: channel #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-01-23T00:00:00.000Z Reasoning: 7.8m at 2.37 g/t gold is a strong channel sample result. - Positive factor: strong grade for trenching Evidence · text > 7.8 m grading 2.37 g/t gold ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/velocity-receives-positive-drill-results-from-iglika-copper-gold-project-southea--4b7a2e76-81d3-4f69-b533-95b0be3c2fb7#fact-drill-facts-7) gold #### Identity - Commodity: gold - Region: southeast bulgaria - Reported Region: Southeast Bulgaria - Ticker: VLC #### Geometry - Grade: 12.3 - Grade Unit: g/t - Intercept: 1 m #### Classification - Sample Type: channel #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-01-23T00:00:00.000Z Reasoning: 12.3 g/t gold is an exceptionally high-grade sub-interval. - Positive factor: bonanza grade sub-interval Evidence · text > including 1.0m grading 12.3 g/t gold ## 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.