TSX: VLC       Velocity Minerals Ltd
Last Price Today's Change   Day's Range   Trading Volume
0.44   0.00 (0.00%)  0.44 - 0.45  120,000


Avg Volume (4 weeks):52,658
4 Weeks Range:0.43 - 0.495
4 Weeks Price Volatility (%):
52 Weeks Range:0.41 - 0.61
52 Weeks Price Volatility (%):
Average Price Target:-


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Business Background

Velocity Minerals Ltd is engaged in acquisition, exploration, and evaluation of its assets. It is in the process of exploring and developing its exploration and evaluation assets and has not determined whether the properties contain mineral reserves. The Company has a 100% interest in Mt. Haskin property and Cassiar Moly property. The Company has certain claims in the Orogrande Mining Division in Idaho County, Idaho State. Mt. Haskin property is located in the Cassiar District of Liard Mining Division in northwestern British Columbia, Canada. The claims are subject to a 3% net smelter royalty (NSR). Cassiar Moly property is also located in the Cassiar District of Liard Mining Division and its claims are subjected to a 1.5% NSR. During the fiscal year ended June 30, 2012 (fiscal 2012), the Company acquired an option to acquire 100% of three graphite properties situated in the Central Metasedimentary Belt of the Grenville Geologic Province of southwestern Quebec, Canada.

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