A system and method for microseismic fracture mapping using seismic source timing measurements for velocity calibration is disclosed. The system may include a seismic source coupled to a wireline and a seismic source trigger, a sensor capable of detecting a first signal from the seismic source trigger, a transmitter coupled to the sensor, capable of transmitting a time value associated with the first signal, a receiver capable of detecting an event generated by the seismic source; and an analyzer capable of calculating a microseismic velocity of the event. In one embodiment, a first signal is transmitted through a wireline to trigger a seismic source. The first signal is detected, and a first time value associated with the first signal is transmitted. An event associated with the seismic source is detected and a second signal associated with the event is transmitted to an analyzer. A microseismic velocity is calibrated based on the time difference between the first time value and a second time value associated with the second signal.