September 24, 2010 Velocity Minerals announced that it has completed drilling 3 holes on its Cassiar Moly property near Cassiar in northern British Columbia, Canada. Assay results for hole CM 02 10 showed large intervals of molybdenum. These include a 210 foot interval (from 257’ to 467’) of 0.02 % molybedenum, a 140 foot interval (from 497’ to 637’) of 0.016% molybdenum, and a 100 foot interval (from 937’ to 1037’) of 0.016% molybedenum.
January 28, 2010 Velocity Minerals announced further analytical results from the 2009 programs of work at the company's 100% owned Mt. Haskin and Cassiar moly molybdenum properties in northern British Columbia, Canada. Drill Hole VEL 14-09, vertical, total depth 145 meters (477 ft), was located 60 meters NE of drill hole VEL 01-08 and encountered a 46.3 meter interval from 5.2 meters (17 ft) to 45.9 meters (152 ft) with an average grade of 0.13% Mo, including 7.6 meters (25 ft), from 5.2 meters (17 ft) to 12.7 m (42 ft) with an average grade of 0.255% Mo. The Mt. Haskin property continues to demonstrate near-surface molybdenite mineralization with grades that elsewhere have been successfully mined.
October 29, 2009 Velocity Minerals announced that the underground workings at the Cassiar Moly property have been successfully reopened, mapped, and sampled. The workings had been blocked for many decades by ice that had to be removed. The underground workings total 965m in length and consist of two sections – the main drift (697m) and a cross-cut (268m). The main drift trends N-S for approximately 60m then turns to W-NW for an additional 637m. The cross-cut trends N-NE for 268m from the 587m point of the main drift. Thirty six samples, totalling 20.6m in sample length (not continuous), assayed 0.1% Mo or higher, including, notably, sample 732979 (0.25m of 7.9% Mo), sample 732975 (0.5m of 3.5% Mo) and sample 732971 (1.0m of 1.1% Mo).