Soldi Ventures Inc. Continues to Intersect Economically Significant Intervals of Gold at the Golden Bullet Project, Newfoundl...
2012年1月24日 - 10:00PM
Marketwired Canada
Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) is pleased to provide additional
assay results from the recent drilling program on its Golden Bullet project in
central Newfoundland. Drill Holes SV-11-08 and SV-11-09 were successfully
drilled and have further defined the high grade Knob zone.
Hole SV-11-09 was collared 25 meters along strike from Hole SV-11-07 host a wide
intercept of 1.322 g/t Au over 32.20m (refer to Jan 18th 2012 release).
Significant assay results from Hole SV-11-09 included intervals of 9.2 g/t gold
over 0.5m and 7.7 g/t gold over 0.4m (within a broader zone of 3.02 g/t gold
over 5.5m). Other notable intercepts throughout Hole SV-11-09 suggest a large
mineralizing event and these intercepts can be viewed in Table 1 below.
Of particular interest is the intercept of 1.632 g/t gold over 1.0m, located at
the 46.5m mark of Hole SV-11-09. This section contained coarse visible gold but
only returned very modest assay results. It appears that the Knob zone is very
susceptible to a coarse gold effect which will prove to be a challenge in
determining actual grades. To help alleviate this and to obtain what should be
more representative assay results, a large number of samples through the entire
program have been sent for metallic assay. These results will be released as
they become available.
Drill Hole SV-11-08 was drilled directly underneath (15 m step back) the
historical higher grade intercept of 57.46 g/t gold over 4.30m previously
announced. The best assay result from Hole SV-11-08 is 0.55 g/t gold over 4.1m.
It would appear that the veins blend in and out of high and low grade throughout
the area.
For more detailed results please refer to the chart below.
Table 1. Notable Intercepts from Holes 8 and 9 of the Winter 2011 Drill
Program
----------------------------------------------------------------------------
Total
Drill From To Length Gold Depth
Hole Easting Northing Azimuth Dip (m) (m) (m) (g/t) (m)
----------------------------------------------------------------------------
SV-11-08 657064 5425581 180 -45 50.6 54.7 4.1 0.550 90
----------------------------------------------------------------------------
Incl. 54.3 54.7 0.4 3.965
----------------------------------------------------------------------------
SV-11-09 657050 5425571 180 -45 10.0 15.5 5.5 3.017 85
----------------------------------------------------------------------------
13.0 14.5 1.5 6.599
----------------------------------------------------------------------------
Incl. 13.0 13.5 0.5 9.232
----------------------------------------------------------------------------
Incl. 14.1 14.5 0.4 7.712
----------------------------------------------------------------------------
34.7 39.7 5.0 1.331
----------------------------------------------------------------------------
Incl. 34.7 37.0 2.3 1.374
----------------------------------------------------------------------------
37.0 38.5 1.5 Lost Core
----------------------------------------------------------------------------
38.5 39.7 1.2 2.914
----------------------------------------------------------------------------
43.6 44.1 0.5 7.562
----------------------------------------------------------------------------
46.5 47.5 1.0 1.632
----------------------------------------------------------------------------
Golden Bullet Project Overview
The two primary licenses within this project are the Golden Bullet License and
the Boulder License. A significant amount of historical work has been completed
on the Golden Bullet License identifying a number of prospects and showings.
Prospects can be defined as areas of interest that have been drilled whereas
showings are defined as having limited work.
Soldi completed fifteen diamond drill holes during the recent 2011 winter drill
program which was successful in indentifying multiple zones of visually
significant mineralization, with many holes containing visible gold.
Table 2. Notable Intercepts from Holes 6 and 7 of the Winter 2011 Drill
Program
----------------------------------------------------------------------------
Total
Drill From To Length Gold Depth
Hole Easting Northing Azimuth Dip (m) (m) (m) (g/t) (m)
----------------------------------------------------------------------------
SV-11-06 657112 5425580 200 -45 13.75 18.50 4.75 0.811 92
----------------------------------------------------------------------------
Incl. 13.75 17.00 3.25 1.026
----------------------------------------------------------------------------
25.30 28.30 3.00 1.115
----------------------------------------------------------------------------
39.20 44.60 5.40 7.220
----------------------------------------------------------------------------
Incl. 39.20 42.35 3.15 12.030
----------------------------------------------------------------------------
Incl. 39.20 41.35 2.15 17.360
----------------------------------------------------------------------------
Incl. 39.20 40.30 1.10 31.850
----------------------------------------------------------------------------
Incl. 39.60 40.30 0.70 45.750
----------------------------------------------------------------------------
SV-11-07 657076 5425572 180 -45 42.50 76.00 33.50 1.274 83
----------------------------------------------------------------------------
Incl. 42.50 74.70 32.20 1.320
----------------------------------------------------------------------------
Incl. 58.85 76.00 17.15 1.984
----------------------------------------------------------------------------
Incl. 58.85 64.20 5.35 5.550
----------------------------------------------------------------------------
Incl. 59.20 59.70 0.50 18.230
----------------------------------------------------------------------------
Incl. 61.85 62.65 0.80 20.240
----------------------------------------------------------------------------
(Previously reported in press release dated January 18th 2012)
Hole SV-11-06 has the most significant high grade intercept with 45.8 g/t Au
over 0.70 metres(m), including 17.36 g/t Au over 2.15 m and 12.03 g/t Au over
3.15 m within a wider zone of 7.2 g/t Au over 5.4 m.
Forty meters to the northwest of Hole SV-11-06, Hole SV-11-07 also had a number
of very significant intercepts with 20.24g/t Au over 0.80 m and 18.23g/t Au over
0.50 m within an interval grading 5.55 g/t Au over 5.3 m, within an interval
grading 1.984 g/t Au over 17.15 m, all within a very broad zone of 1.322 g/t Au
over 32.2 m.
Historical Drilling at the Golden Bullet License
The two most significant historical gold showings are the grab sample of 2,130
g/t, recorded by Noranda and the 338.6 g/t gold discovered by Rubicon Minerals
in a grab sample in 2005. Grab samples are selective by nature and are unlikely
to represent average grades on the property.
Other notable gold intercepts from historical diamond drilling include: 57.46
g/t over 4.30 m, 38.53 g/t over 6.45 m, 106.2 g/t over 2.3 m, 102.2 g/t over
0.76 m, 32.2 g/t over 1.6 m, 24.38 g/t over 1.83 m and 8.98 g/t over 14.33 m.
These historical intercepts were drilled by Noranda beginning in 1987 and later
continued by a Gander River Minerals and Hemlo-Bristol Joint Venture in the
early 1990's. The Project lies within Davidsville Group turbiditic sediments
including intervals of slate, siltstone and sandstone-greywacke that are
interpreted to conformably overlie and be imbricated with the Gander River
Complex. A belt of greywacke dominant sediments bound between two topographic
linears appears to play a significant role in the known distribution of gold
showings. The historical data has not been verified.
Technical information in this news release has been prepared and/or revised by
Mike Magrum, P.Eng., Qualified Person as defined in NI 43-101 for Soldi.
You can now find Soldi Ventures Inc. on Twitter at http://twitter.com/soldiventures.
Soldi Ventures Inc. (TSX VENTURE:SOV) is a Canadian junior gold exploration
company focused on discovering gold deposits in politically safe jurisdictions.
On behalf of the board of Soldi Ventures Inc.
Charles Desjardins, President
Cautionary note:
This report contains forward looking statements. Resource estimates, unless
specifically noted, are considered speculative. Any and all other resource or
reserve estimates are historical in nature, and should not be relied upon. The
production rate and mine-life projections have been made without support of a
feasibility study, there is no certainty the proposed operations will be
economically viable. By their nature, forward looking statements involve risk
and uncertainties because they relate to events and depend on factors that will
or may occur in the future. Actual results may vary depending upon exploration
activities, industry production, commodity demand and pricing, currency exchange
rates, and, but not limited to, general economic factors. Cautionary Note to US
investors: The U.S. Securities and Exchange Commission specifically prohibits
the use of certain terms, such as "reserves" unless such figures are based upon
actual production or formation tests and can be shown to be economically and
legally producible under existing economic and operating conditions.
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