Welcome to our dedicated page for Velocity Mineral news (Ticker: VLCJF), a resource for investors and traders seeking the latest updates and insights on Velocity Mineral stock.
Velocity Minerals Ltd. explores precious-metal and copper opportunities in Europe, with recent company updates centered on project generation, mineral licenses and corporate transactions. News releases describe exploration work in northern Greece, including the Miriofito exploration license, and broader updates on the company’s mineral-asset portfolio.
Recurring announcements also cover shareholder meetings, approvals of stock-option plans, option grants, warrant exercises, restricted cash arrangements and amendments to investment agreements. The company’s updates reflect the financing, governance and capital-structure matters common to a public mineral explorer quoted on the OTCQB under VLCJF and listed on the TSX Venture Exchange under VLC.
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Velocity Minerals Ltd. has entered into a binding letter agreement with Zelenrok EOOD, a subsidiary of Raiden Resources, granting an exclusive option to acquire up to a 75% interest in the Zlatusha gold-copper property in Bulgaria. This 195 km² site exhibits significant geological potential, with seven known mineral occurrences and a historical drilling total of 10,000m. Highlights include drill results of 3.63 g/t gold from surface samples. Velocity plans to commence surface exploration and drilling in Q2 2023, a move aimed at advancing its position in the lucrative copper-gold sector.
Velocity Minerals Ltd. has received approval for a 3-year work program at the Dangovo Prospecting License in Bulgaria. The Ministry of Energy’s approval allows for drill testing to commence in 2023. The Dangovo property is adjacent to the Makedontsi project, where a historical gold resource is recorded. Velocity aims to explore potential gold extensions from Makedontsi, indicated by previous geophysical surveys. The initial drilling program will cover 2,000 meters. This approval is the final step in the regulatory process following the acquisition of the property in late 2022.