# Velocity Provides Corporate and Exploration Update and Extends Advisory Engagement

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7

Original source: https://money.tmx.com/en/quote/VLC/news/7410014278599023/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme

Publisher: tmx

Original announcement: 2024-06-13T16:14:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Velocity Minerals Ltd.

- Ticker: VLC

- Exchange: TSX

- Region: Bulgaria

- Primary commodity: Gold

- Secondary commodities: Copper

- Document categories: Drill results, Other

- Extracted: 2026-09-13 06:57:19 UTC

Narrative sentiment: -0.20 · Bearish

## Minestarters Atlas summary

Velocity Minerals Ltd. announced new drill results from its Iglika project in Bulgaria, reporting several low-grade copper intercepts and some moderate-grade gold intercepts. Concurrently, Dundee Precious Metals is terminating its option agreement on Iglika, and Velocity is exploring strategic alternatives, including the potential sale of its prefeasibility-stage Rozino gold deposit. The company is seeking a new partner for the Iglika project.

Reasoning: Velocity Minerals provided a mixed corporate and exploration update. While new drill results from the Iglika project show some moderate-grade gold intercepts and the company is seeking a new partner, the termination of the Iglika option by Dundee Precious Metals and the consideration of selling the Rozino gold deposit introduce significant strategic uncertainty and negative sentiment. The copper intercepts are generally low-grade.

- Positive factor: New drill results from Iglika project, including some moderate-grade gold intercepts.

- Positive factor: Company actively seeking a new drill partner for Iglika.

- Negative factor: Dundee Precious Metals terminating the Iglika option agreement, indicating a lack of interest from a major.

- Negative factor: Potential sale of the prefeasibility-stage Rozino gold deposit, suggesting strategic uncertainty or funding challenges.

- Negative factor: Most copper drill intercepts are low-grade for a porphyry deposit.

- Negative factor: No true width disclosed for drill intercepts.

Facts used in scoring: 60

## Classification and evidence

**Apparent Width Only**

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The drill results tables provide interval lengths as downhole widths without stating true widths or drill orientations.

Evidence · text

> Table 1: Significant drill intercepts from Chai Dere, Iglika Propylitic Zone, Boyalashka River and Sitovo North targets, with main intercepts calculated using a 0.05 % copper trigger, a minimum 0.1 % copper composite grade, and a maximum of 6 metres consecutive waste.

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release includes a 'Quality Assurance / Quality Control' section detailing certified labs, QP sign-off, and methods like blanks, standards, and duplicates.

Evidence · text

> Quality Assurance / Quality Control The work programs in Bulgaria are designed and supervised by Daniel Marinov, MAIG RPGeo, the Company's Vice President Operations who is responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to SGS Mineral Services laboratory in Burgas, Bulgaria and Bor, Serbia \(drill core\), for sample preparation and subsequent analysis. Drill core samples are prepared and analyzed by fire assay using a 30-gram charge and multi-element analysis with four acid digestion using an Inductively Coupled Mass Spectrometer in compliance with industry standards at SGS Mineral Services laboratory. Field duplicate samples, blanks and independent controlled reference material \(standards\) are added to every batch. Qualified Person The technical content of this release has been approved for disclosure by Daniel Marinov, RPGeo, a Qualified Person as defined by NI 43-101 and the Company's Vice President Operations.

**Cut-off Disclosed**

Polarity: positive

Story-specific tag

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The drill results tables explicitly state the cut-off grades and internal dilution rules used for compositing the intervals.

Evidence · text

> Table 1: Significant drill intercepts from Chai Dere, Iglika Propylitic Zone, Boyalashka River and Sitovo North targets, with main intercepts calculated using a 0.05 % copper trigger, a minimum 0.1 % copper composite grade, and a maximum of 6 metres consecutive waste. Including intercepts calculated using higher parameters to minimize number of intervals generated \(0.1% copper trigger, a minimum 0.2% copper composite grade, and a maximum 3m of consecutive waste\).

**Low Grade**

Polarity: negative

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Many copper intercepts are below or at the weak threshold for porphyry copper \(0.15% Cu\).

Evidence · table

> 0.11

Context: 4.30

**Moderate Grade**

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Some gold intercepts, such as 2.03 g/t Au over 1.0m, fall within the moderate grade band for epithermal deposits \(1-2.5 g/t Au\).

Evidence · table

> 2.03

Context: 1.00

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The document states that 'Drill spacing leaves ample space for discovery of additional copper mineralized zones' and mentions 'target testing at Chai Dere and throughout the Iglika property', indicating an exploration focus beyond known mineralization.

Evidence · text

> Drill spacing leaves ample space for discovery of additional copper mineralized zones. A total of 15 follow-up drill holes have been planned and are currently being permitted. The Company is seeking to secure a new drill partner to complete target testing at Chai Dere and throughout the Iglika property.

## Extracted facts

Stored fact records: 60. Some facts used in scoring do not have a stored record.

## Drill Results (60)

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-0)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 4.3 m
- From: 76.6 m
- To: 80.9 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:76.6-80.9

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.11

Context: 4.30

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-1)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.16
- Grade Unit: %
- Intercept: 15 m
- From: 97.5 m
- To: 112.5 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:97.5-112.5

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit, though the width is moderate. Only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.16

Context: 15.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-2)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.47
- Grade Unit: %
- Intercept: 4 m
- From: 99.5 m
- To: 103.5 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:99.5-103.5

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.47

Context: 4.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-3)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.17
- Grade Unit: %
- Intercept: 3.2 m
- From: 214.1 m
- To: 217.3 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:214.1-217.3

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.17

Context: 3.20

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-4)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.13
- Grade Unit: %
- Intercept: 4.4 m
- From: 222.6 m
- To: 227 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:222.6-227

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.13

Context: 4.40

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-5)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 3 m
- From: 311.3 m
- To: 314.3 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:311.3-314.3

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.11

Context: 3.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-6)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.15
- Grade Unit: %
- Intercept: 70.9 m
- From: 430 m
- To: 500.9 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:430-500.9

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept has a long length but is low-grade for a porphyry deposit. Only an apparent width is provided.

- Positive factor: Long intercept length.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.15

Context: 70.90

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-7)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.26
- Grade Unit: %
- Intercept: 4.7 m
- From: 447.4 m
- To: 452.1 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:447.4-452.1

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.26

Context: 4.70

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-8)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.21
- Grade Unit: %
- Intercept: 2 m
- From: 458.7 m
- To: 460.7 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:458.7-460.7

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.21

Context: 2.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-9)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.37
- Grade Unit: %
- Intercept: 6 m
- From: 464.7 m
- To: 470.7 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:464.7-470.7

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.37

Context: 6.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-10)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.21
- Grade Unit: %
- Intercept: 24.5 m
- From: 476.4 m
- To: 500.9 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:476.4-500.9

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit over a good length, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Positive factor: Good intercept length.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.21

Context: 24.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-11)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.17
- Grade Unit: %
- Intercept: 3.1 m
- From: 551.4 m
- To: 554.5 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:551.4-554.5

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.17

Context: 3.10

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-12)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.21
- Grade Unit: %
- Intercept: 2.1 m
- From: 552.4 m
- To: 554.5 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:552.4-554.5

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.21

Context: 2.10

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-13)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 3 m
- From: 576 m
- To: 579 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:576-579

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.11

Context: 3.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-14)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.1
- Grade Unit: %
- Intercept: 10.7 m
- From: 650.3 m
- To: 661 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:650.3-661

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.10

Context: 10.70

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-15)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.1
- Grade Unit: %
- Intercept: 7.5 m
- From: 707.6 m
- To: 715.1 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:707.6-715.1

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.10

Context: 7.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-16)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.12
- Grade Unit: %
- Intercept: 4.1 m
- From: 730.5 m
- To: 734.6 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:730.5-734.6

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.12

Context: 4.10

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-17)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.16
- Grade Unit: %
- Intercept: 11.6 m
- From: 772.7 m
- To: 784.3 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:772.7-784.3

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit, though the width is moderate. Only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.16

Context: 11.60

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-18)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.38
- Grade Unit: %
- Intercept: 3 m
- From: 781.3 m
- To: 784.3 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:781.3-784.3

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.38

Context: 3.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-006

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-19)

Iglika · copper

#### Identity

- Hole ID: IDD-006
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 5 m
- From: 833.6 m
- To: 838.6 m
- Intercept Depth: 76.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-006:833.6-838.6

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.11

Context: 5.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-20)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 8.1 m
- From: 63.9 m
- To: 72 m
- Intercept Depth: 63.9 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-014:63.9-72

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.11

Context: 8.10

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-21)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.27
- Grade Unit: %
- Intercept: 2 m
- From: 70 m
- To: 72 m
- Intercept Depth: 63.9 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-014:70-72

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.27

Context: 2.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-22)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.36
- Grade Unit: %
- Intercept: 4.1 m
- From: 110.9 m
- To: 115 m
- Intercept Depth: 63.9 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-014:110.9-115

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.36

Context: 4.10

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-23)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.14
- Grade Unit: %
- Intercept: 7.5 m
- From: 222.3 m
- To: 229.8 m
- Intercept Depth: 63.9 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-014:222.3-229.8

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.14

Context: 7.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-24)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.21
- Grade Unit: %
- Intercept: 4.2 m
- From: 222.3 m
- To: 226.5 m
- Intercept Depth: 63.9 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-014:222.3-226.5

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.21

Context: 4.20

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-25)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.12
- Grade Unit: %
- Intercept: 5.5 m
- From: 259.5 m
- To: 265 m
- Intercept Depth: 63.9 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-014:259.5-265

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.12

Context: 5.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-26)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.22
- Grade Unit: %
- Intercept: 2.2 m
- From: 262.8 m
- To: 265 m
- Intercept Depth: 63.9 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-014:262.8-265

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.22

Context: 2.20

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-27)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.14
- Grade Unit: %
- Intercept: 15 m
- From: 389.1 m
- To: 404.1 m
- Intercept Depth: 63.9 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-014:389.1-404.1

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.14

Context: 15.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-28)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.21
- Grade Unit: %
- Intercept: 4 m
- From: 400.1 m
- To: 404.1 m
- Intercept Depth: 63.9 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-014:400.1-404.1

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.21

Context: 4.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-29)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.1
- Grade Unit: %
- Intercept: 6.4 m
- From: 414.7 m
- To: 421.1 m
- Intercept Depth: 63.9 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-014:414.7-421.1

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.10

Context: 6.40

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-30)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 6 m
- From: 626.3 m
- To: 632.3 m
- Intercept Depth: 63.9 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-014:626.3-632.3

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.11

Context: 6.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-31)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.12
- Grade Unit: %
- Intercept: 3.3 m
- From: 689.3 m
- To: 692.6 m
- Intercept Depth: 63.9 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-014:689.3-692.6

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.12

Context: 3.30

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-32)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 46.8 m
- From: 755.7 m
- To: 802.5 m
- Intercept Depth: 63.9 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-014:755.7-802.5

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept has a long length but is low-grade for a porphyry deposit. Only an apparent width is provided.

- Positive factor: Long intercept length.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.11

Context: 46.80

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-33)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.23
- Grade Unit: %
- Intercept: 7 m
- From: 767.6 m
- To: 774.6 m
- Intercept Depth: 63.9 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-014:767.6-774.6

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.23

Context: 7.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-34)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.25
- Grade Unit: %
- Intercept: 2 m
- From: 789.6 m
- To: 791.6 m
- Intercept Depth: 63.9 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-014:789.6-791.6

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.25

Context: 2.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-35)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.12
- Grade Unit: %
- Intercept: 41.5 m
- From: 909 m
- To: 950.5 m
- Intercept Depth: 63.9 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-014:909-950.5

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept has a long length but is low-grade for a porphyry deposit. Only an apparent width is provided.

- Positive factor: Long intercept length.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.12

Context: 41.50

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-36)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.22
- Grade Unit: %
- Intercept: 2 m
- From: 921.4 m
- To: 923.4 m
- Intercept Depth: 63.9 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-014:921.4-923.4

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.22

Context: 2.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-014

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-37)

Iglika · copper

#### Identity

- Hole ID: IDD-014
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.23
- Grade Unit: %
- Intercept: 2 m
- From: 931.5 m
- To: 933.5 m
- Intercept Depth: 63.9 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-014:931.5-933.5

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.23

Context: 2.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-016

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-38)

Iglika · copper

#### Identity

- Hole ID: IDD-016
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 3.7 m
- From: 92.3 m
- To: 96 m
- Intercept Depth: 92.3 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-016:92.3-96

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.11

Context: 3.70

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-016

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-39)

Iglika · copper

#### Identity

- Hole ID: IDD-016
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 4 m
- From: 810.6 m
- To: 814.6 m
- Intercept Depth: 92.3 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-016:810.6-814.6

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.11

Context: 4.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-007

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-40)

Iglika · copper

#### Identity

- Hole ID: IDD-007
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.35
- Grade Unit: %
- Intercept: 1.4 m
- From: 709.6 m
- To: 711 m
- Intercept Depth: 709.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-007:709.6-711

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.35

Context: 1.40

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-017

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-41)

Iglika · copper

#### Identity

- Hole ID: IDD-017
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 3 m
- From: 114.7 m
- To: 117.7 m
- Intercept Depth: 114.7 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-017:114.7-117.7

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.11

Context: 3.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-017

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-42)

Iglika · copper

#### Identity

- Hole ID: IDD-017
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.14
- Grade Unit: %
- Intercept: 3.8 m
- From: 145.7 m
- To: 149.5 m
- Intercept Depth: 114.7 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-017:145.7-149.5

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.14

Context: 3.80

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-017

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-43)

Iglika · copper

#### Identity

- Hole ID: IDD-017
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 3 m
- From: 608.2 m
- To: 611.2 m
- Intercept Depth: 114.7 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-017:608.2-611.2

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.11

Context: 3.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-008

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-44)

Iglika · copper

#### Identity

- Hole ID: IDD-008
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.12
- Grade Unit: %
- Intercept: 3 m
- From: 406.6 m
- To: 409.6 m
- Intercept Depth: 406.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-008:406.6-409.6

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.12

Context: 3.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-008

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-45)

Iglika · copper

#### Identity

- Hole ID: IDD-008
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 5.6 m
- From: 427.6 m
- To: 433.2 m
- Intercept Depth: 406.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-008:427.6-433.2

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.11

Context: 5.60

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-008

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-46)

Iglika · copper

#### Identity

- Hole ID: IDD-008
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.12
- Grade Unit: %
- Intercept: 9.2 m
- From: 446.4 m
- To: 455.6 m
- Intercept Depth: 406.6 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-008:446.4-455.6

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.12

Context: 9.20

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-009

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-47)

Iglika · copper

#### Identity

- Hole ID: IDD-009
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.12
- Grade Unit: %
- Intercept: 3 m
- From: 353.1 m
- To: 356.1 m
- Intercept Depth: 353.1 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-009:353.1-356.1

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.12

Context: 3.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-010

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-48)

Iglika · copper

#### Identity

- Hole ID: IDD-010
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.11
- Grade Unit: %
- Intercept: 3 m
- From: 43.7 m
- To: 46.7 m
- Intercept Depth: 43.7 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-010:43.7-46.7

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.11

Context: 3.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-010

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-49)

Iglika · copper

#### Identity

- Hole ID: IDD-010
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.13
- Grade Unit: %
- Intercept: 15.1 m
- From: 80.8 m
- To: 95.9 m
- Intercept Depth: 43.7 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-010:80.8-95.9

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.13

Context: 15.10

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-010

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-50)

Iglika · copper

#### Identity

- Hole ID: IDD-010
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.22
- Grade Unit: %
- Intercept: 2 m
- From: 89 m
- To: 91 m
- Intercept Depth: 43.7 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-010:89-91

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.22

Context: 2.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-010

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-51)

Iglika · copper

#### Identity

- Hole ID: IDD-010
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.12
- Grade Unit: %
- Intercept: 7.2 m
- From: 103.2 m
- To: 110.4 m
- Intercept Depth: 43.7 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-010:103.2-110.4

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.05
- Cutoff Unit: % copper
- Max Dilution: 6 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept is low-grade for a porphyry deposit and only an apparent width is provided.

- Negative factor: Low grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.12

Context: 7.20

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-010

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-52)

Iglika · copper

#### Identity

- Hole ID: IDD-010
- Project: Iglika
- Commodity: copper
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.34
- Grade Unit: %
- Intercept: 1.6 m
- From: 130.9 m
- To: 132.5 m
- Intercept Depth: 43.7 m

#### Classification

- Deposit Type: porphyry
- Program: exploration
- Sample Type: drill
- Group ID: IDD-010:130.9-132.5

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.1
- Cutoff Unit: % copper
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This copper intercept shows a moderate grade for a porphyry deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for porphyry copper.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.34

Context: 1.60

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-008

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-53)

Iglika · gold

#### Identity

- Hole ID: IDD-008
- Project: Iglika
- Commodity: gold
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.65
- Grade Unit: g/t
- Intercept: 4.7 m
- From: 363.3 m
- To: 368 m
- Intercept Depth: 363.3 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: IDD-008:363.3-368

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t gold
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This gold intercept is low-grade for an epithermal deposit and only an apparent width is provided.

- Negative factor: Low grade for epithermal gold.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.65

Context: 4.70

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-009

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-54)

Iglika · gold

#### Identity

- Hole ID: IDD-009
- Project: Iglika
- Commodity: gold
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.59
- Grade Unit: g/t
- Intercept: 4.3 m
- From: 472.1 m
- To: 476.4 m
- Intercept Depth: 472.1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: IDD-009:472.1-476.4

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t gold
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This gold intercept is low-grade for an epithermal deposit and only an apparent width is provided.

- Negative factor: Low grade for epithermal gold.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.59

Context: 4.30

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-011

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-55)

Iglika · gold

#### Identity

- Hole ID: IDD-011
- Project: Iglika
- Commodity: gold
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.58
- Grade Unit: g/t
- Intercept: 1.1 m
- From: 84.4 m
- To: 85.5 m
- Intercept Depth: 84.4 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: IDD-011:84.4-85.5

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t gold
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This gold intercept is low-grade for an epithermal deposit and only an apparent width is provided.

- Negative factor: Low grade for epithermal gold.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.58

Context: 1.10

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-011

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-56)

Iglika · gold

#### Identity

- Hole ID: IDD-011
- Project: Iglika
- Commodity: gold
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 0.56
- Grade Unit: g/t
- Intercept: 1 m
- From: 96.8 m
- To: 97.8 m
- Intercept Depth: 84.4 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: IDD-011:96.8-97.8

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t gold
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This gold intercept is low-grade for an epithermal deposit and only an apparent width is provided.

- Negative factor: Low grade for epithermal gold.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 0.56

Context: 1.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-012

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-57)

Iglika · gold

#### Identity

- Hole ID: IDD-012
- Project: Iglika
- Commodity: gold
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 1.35
- Grade Unit: g/t
- Intercept: 1 m
- From: 22.1 m
- To: 23.1 m
- Intercept Depth: 22.1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: IDD-012:22.1-23.1

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t gold
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This gold intercept shows a moderate grade for an epithermal deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for epithermal gold.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 1.35

Context: 1.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-012

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-58)

Iglika · gold

#### Identity

- Hole ID: IDD-012
- Project: Iglika
- Commodity: gold
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 2.03
- Grade Unit: g/t
- Intercept: 1 m
- From: 71.5 m
- To: 72.5 m
- Intercept Depth: 22.1 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: IDD-012:71.5-72.5

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t gold
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This gold intercept shows a moderate grade for an epithermal deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for epithermal gold.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 2.03

Context: 1.00

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

### IDD-013

[Link to this fact](https://atlas-extractions.minestarters.com/news/velocity-provides-corporate-and-exploration-update-and-extends-advisory-engageme--e5887924-6e41-4163-aa15-ba541d6150f7#fact-drill-facts-59)

Iglika · gold

#### Identity

- Hole ID: IDD-013
- Project: Iglika
- Commodity: gold
- Region: bulgaria
- Reported Region: bulgaria
- Ticker: VLC

#### Geometry

- Grade: 1.61
- Grade Unit: g/t
- Intercept: 3.3 m
- From: 19.2 m
- To: 22.5 m
- Intercept Depth: 19.2 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: IDD-013:19.2-22.5

#### QA/QC

- Laboratory: SGS Mineral Services
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t gold
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-06-13T00:00:00.000Z

Reasoning: This gold intercept shows a moderate grade for an epithermal deposit, but only an apparent width is provided.

- Positive factor: Moderate grade for epithermal gold.

- Negative factor: Apparent width only, true width not disclosed.

Evidence · table

> 1.61

Context: 3.30

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.