SOV Vega Mining, Inc.

Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) is pleased to announce the
acquisition of the 2,300 acre Lochaber Graphite Property in Quebec. The Lochaber
Property had been the target of exploration in the early 1950s and again in the
1980s during which time an airborne survey (in report DP 83-05) was flown to
further define targets. A strong, wide airborne conductor was discovered and a
ground visit to the location revealed massive flake graphite. The property is
located approximately 30 kilometers east of Ottawa-Gatineau, near a highway in a
historic graphite mining district. 


In a 1952 report it was reported that "trenches were bulldozed by Frobisher
Exploration, stripping overburden of 3-18 inches perpendicular to the strike of
the Graphite zone. 10 trenches were stripped every 50 feet for 550 feet of the
zone. The graphite exposed ranged from 3 feet to over 10 feet in the last 150
feet of the zone. The graphite zone trends along a steep valley that has a
strike of N85E." The author visually estimated grades of 10% to 15% graphite. A
pit 1,500 feet west of this zone exposed graphite bearing rock.


A government airborne electromagnetic-magnetic survey detected conductors on
three lines, showing parallel zones to the one which was trenched.


All historical work is being compiled, prior to designing an exploration program
using modern exploration methods.


Pursuant to the terms of the option agreement, Zone will pay a cumulative amount
of $100,000 cash and issue 1,500,000 common shares over a three year period. The
Lochaber Property is subject to a 2.0% Net Smelter Royalty ("NSR"). Zone shall
have an option to purchase 1% of the NSR for the sum of $1,000,000 at any time
up to when a production decision is made. The terms of the agreement are subject
to regulatory approval of the TSX Venture Exchange.


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.

Vega Mining, Inc. (TSXV:SOV)
過去 株価チャート
から 6 2024 まで 7 2024

Vega Mining, Inc. (TSXV:SOV)
過去 株価チャート
から 7 2023 まで 7 2024