Velocity Receives Positive Initial Drill Results from the Kazak Target, Rozino Gold Project, Southeast Bulgaria - Seite 2

At Kazak, drilling is focused on the faulted contact between basement and sediments which are similar to the host sediments at the Rozino deposit.

Figure 1: Map showing location of the Kazak target with summary geology, gold in soil anomalies, locations of Velocity’s drilling to-date and a drill section location for Figure 2.
https://www.globenewswire.com/NewsRoom/AttachmentNg/09a19121-e090-4293 ...

Figure 2: Drill section showing significant intersections at the Kazak East target. Drill results are pending for additional drill holes and drilling is ongoing.
https://www.globenewswire.com/NewsRoom/AttachmentNg/9292a80e-c6ec-43be ...

Drill hole ID	From (m)	To (m)	Interval (m)	Gold (g/t)
KDD-001	No significant intercepts
KDD-002	No significant intercepts
KDD-003	17.50	22.20	4.70	0.57
KDD-004	27.10	36.90	9.80	1.13
KDD-005	72.20	85.20	13.00	1.20
including	73.20	73.20	5.00	2.24

Table 1: Significant exploration drill results at Kazak target.