Velocity Drilling Intersects 74 meters @ 2.35g/t gold including 39 meters @ 4.11 g/t gold at the advanced Rozino Gold Project, Southeast Bulgaria

Drilling is ongoing and mineralization remains open for expansion

 

VANCOUVER, British Columbia, Aug. 21, 2017 -- Velocity Minerals Ltd. (TSXV:VLC.V) ("Velocity" or the "Company") announces that it has received laboratory results for the first two drill holes (Table 1) at the Company's advanced Rozino gold project ("Rozino" or the "Project"), located within the Tintyava prospecting and exploration licence area in southeastern Bulgaria.

"These results are 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," stated Keith Henderson, Velocity's President & CEO.  "The Company's exploration model at Rozino is that gold mineralization is controlled by northwest-trending, steeply dipping structures.  Most historical holes were drilled vertically or angled parallel to what is believed to be controlling structures; neither of these previous approaches adequately tested mineralization."