SOV Vega Mining, Inc.

Soldi Ventures Inc. ("Soldi") (TSX VENTURE:SOV) is pleased to announce the
acquisition of the 2,920 acre Cameron Graphite Property in Quebec. The property
is located 10 miles east of Maniwaki and approximately 70 miles due north of
Ottawa, with excellent road access. 


The Cameron Property is part of the Grenville Sub-Province of the Precambrian
Shield of northern Canada. The formations of the area are generally gneissic
granites, crystalline limestones, mica and amphibolites schists. Pegmatite
dykes, veins and stock work are often present within the gneissic granite
batholite.


Graphite is known to be common throughout the Grenville Sub-Province and has
been commercially mined in the past from a number of deposits located mainly
between the Ottawa River to the south and the Mont Laurier area to the north. On
the property itself graphite was found to occur in large, irregular shaped
masses of coarsely crystalline white limestone. The graphite occurs as a bed
approximately 20 feet thick. The graphite grade was visually estimated to be
approximately 15% with a high proportion of large flakes.


In 1965, a bulk sample of the graphite-bearing material was shipped to a
processing plant located in Labelle, Quebec. Approximately 5 tons of this
material was processed. In addition, 23 drill holes were drilled to the west of
this occurrence and all, except for one, intersected graphite.


Three metallurgical tests were conducted on the bulk sample from 1965 using
different grinding times. The results obtained were excellent, with the ensuing
production of concentrate averaging 91.35% carbon after two minutes of grinding
in the rod mill. A concentrate averaging 95.06% carbon was obtained after four
minutes of grinding in a rod mill. In either case the recovery of large or
"jumbo" graphite flakes in the plus 48 mesh concentrate ("plus 48 mesh"
concentrate is considered highly valuable) was exceptional at 65.09% and 52.39%
respectively.


The bulk sample was later analyzed with a semi-commercial plant test. The rod
mill test gave a concentrate of 95.11% Carbon with 77.43% recovery. The final
test run gave a concentrate of 97.40% Carbon with a 90.15% recovery.


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


Pursuant to the terms of the option agreement, Soldi will pay a cumulative
amount of $150,000 cash and issue 2,200,000 common shares over a three year
period. The Cameron Property is subject to a 2.0% Net Smelter Royalty ("NSR").
Soldi 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 exploration company
focused on discovering gold and graphite 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