Velocity Minerals Ltd.
Velocity Provides Corporate and Exploration Update and Extends Advisory Engagement
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.