OBICHNIK PROPERTY
LOCATION
Trucking distance to gold processing plant
DEPOSIT TYPE
Epithermal gold mineralization
EXPLORATION
Multidisciplinary approach with geochemistry, geophysics and diamond drilling.
The Obichnik project is located within the Momchil property, in which Velocity has 70% ownership with Bulgarian partner Gorubso Kardzhali A.D. holding 30%.
The Obichnik project is located in southeast Bulgaria, approximately 25 km by road from Bulgarian partner Gorubso's gold processing plant.
Exploration
An initial mineral resource estimate was announced in March 2021 and the deposit remains open for expansion.
VIEW DRILL INTERSECTIONS VIEW MAPS & SECTIONS
Mineral Resource Estimate
(effective date February 11, 2021)
| INFERRED MINERAL RESOURCE ESTIMATE | INFERRED MINERAL RESOURCE ESTIMATE | INFERRED MINERAL RESOURCE ESTIMATE | INFERRED MINERAL RESOURCE ESTIMATE |
|---|---|---|---|
CUT-OFF GRADE (G/T) | TONNES (MT) | GOLD GRADE (G/T) | CONTAINED GOLD (X1,000OZ) |
| 0.2 | 5.9 | 0.9 | 171 |
| 0.3 | 4.4 | 1.1 | 156 |
| 0.4 | 3.5 | 1.3 | 146 |
| 0.5 | 2.8 | 1.5 | 135 |
| 0.6 | 2.3 | 1.6 | 118 |
| 0.7 | 2.0 | 1.8 | 116 |
| 0.8 | 1.7 | 2.0 | 109 |