Soldi Ventures Inc. Receives Assay Results From Hole 4 of the 2012 Drill Program at the Golden Bullet Project, Newfoundland
2012年2月14日 - 10:00PM
Marketwired Canada
Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) is pleased to provide assay
results from Drill Hole SV-12-04, from the 2012 drilling program on its Golden
Bullet project, in central Newfoundland. Drill Hole SV-12-04 was drilled to test
the extension of a historical high grade intercept of 57.46 g/t Au over 4.30
meters previously disclosed as the Knob showing. Drill Hole SV-12-04 was planned
to intercept the target depth approximately 15 metres south of the historical
intercept.
The current assay results were determined using a standard fire assaying
technique, however due to the coarse free gold observed in Drill Hole SV-12-04,
management has concluded that metallic gold assaying could more accurately
reflect true gold grades. As a result, further metallic assaying has been
ordered. Analyses for all assaying techniques were performed by Eastern
Analytical in Springdale, Newfoundland.
Assay results for the high grade section in Hole SV-12-04 include 93.96 g/t gold
(3.02 ounces/ton) over 0.85 metres. This intercept is included in a section
grading 62.67g/t gold (2.02 ounces/ton) over 1.30 metres, which is within a
section grading 41.70g/t gold (1.34 ounces/ton) over 2.00 metres, all within a
larger 7.10 metre intercept that graded 12.40g/t (0.40 ounces/ton). The true
width of the zone is unknown. Further drilling will be required to determine the
true width.
See Table 1 below for the complete results from the intercepts assayed;
Table 1. Assay results from Hole SV-12-04 from the First 2012 Drill Program
----------------------------------------------------------------------------
Total
Drill From To Length Gold Depth
Hole Easting Northing Azimuth Dip (m) (m) (m) (g/t) (m)
----------------------------------------------------------------------------
SV-12-04 657072 545564 180 -45 35.55 42.65 7.10 12.40 74
----------------------------------------------------------------------------
Incl. 35.55 41.70 6.15 14.18
----------------------------------------------------------------------------
Incl. 36.15 41.70 5.55 15.62
----------------------------------------------------------------------------
Incl. 37.35 41.70 4.35 19.62
----------------------------------------------------------------------------
Incl. 39.20 41.70 2.50 33.33
----------------------------------------------------------------------------
Incl. 39.70 41.70 2.00 41.43
----------------------------------------------------------------------------
Incl. 39.70 41.00 1.30 62.67
----------------------------------------------------------------------------
Incl. 39.70 40.55 0.85 93.96
----------------------------------------------------------------------------
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 identifying 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), within intercepts of 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 20.24 g/t Au over 0.80 m and 18.23 g/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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