Resource Maven Gwen Preston announced over the weekend she’d be purchasing stock in Velocity Minerals Ltd. (VLC:TSX.V) at market open today (Aug. 21). She anticipated positive drill results from the company’s first holes at the Rozino project, located within the Tintyava prospecting and exploration license in southeast Bulgaria.
Velocity delivered. In this morning’s press release, the company announced results for two holes of “74 meters @ 2.35g/t gold including 39 meters @ 4.11 g/t gold.” The company’s president and CEO, Keith Henderson, called the results “among the best grades ever returned from the project and the drill holes clearly demonstrate the potential for thick, high-grade gold mineralization between the historical drill fences.” read the rest at The Gold Report