Soldi Ventures Inc. (TSX VENTURE:SOV) (Soldi) announces that it has staked an
additional 120.4 hectare property (known as the "Royal" property) within Galaxy
Graphite Corp.'s ("Galaxy") Buckingham Project located in Quebec (map available
here:
http://www.soldiventuresinc.com/wp-content/uploads/2013/02/Royal-Staking.pdf).


Galaxy recently announced its assay results from its fall 2012 mapping and
sampling program on the Buckingham graphite project in Quebec. One sample taken
from the property analyzed for size distribution contains 11.5% graphitic
carbon, with 54.42% of the large flakes in excess of 80 mesh.


The Buckingham graphite property comprises of two former producing mines,
located just east of Buckingham, Quebec. The mines are located in the highly
prospective Central Metasedimentary belt of the Grenville geological province,
host to many active graphite projects. The host rocks for both deposits are
graphitic crystalline marbles, similar to the host stratigraphy at Timcal's Lac
des Iles graphite mine, currently Canada's only producing graphite mine. The two
properties cover a total of 1,324 hectares on 22 mining claims.


The Ste-Marie deposit had small-scale production in 1865, with a total reported
production of 50 tons of graphite. The mineralization is hosted in lenticular
masses and mineralized veins, within a crystalline limestone marble. The
mineralization results from carbonization of organic matter in calcareous
sedimentary formations during the Grenvillian metamorphic event. The graphite
mineralization is typically massive.


The Dominion mine produced a reported 916 tons of graphite between 1910 and
1919. The geological setting is very similar to the Ste-Marie deposit. Flake
graphite is reported to be the common form of graphite in the deposit (see
Galaxy's news release dated February 7, 2012 for more details).


Soldi's new Royal property within Galaxy's Buckingham project is approximately
20 kilometres west of Soldi's Lochaber Graphite Property and 95 kilometres south
of Soldi's Cameron Graphite Property (map available here:
http://www.soldiventuresinc.com/wp-content/uploads/2013/02/soldi-map-posterFeb.pdf).


The Lochaber Graphite Property covers 930.77 hectares and was acquired February
2012. The Lochaber Property had been the target of exploration in the early
1950's and again in the 1980's 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 50 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.


Soldi's other graphite project - the approximate 1,200 hectare Cameron Graphite
Property in Quebec, is located 16 kilometres east of Maniwaki and approximately
125 kilometres due north of Ottawa, with excellent road access.


The 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.


In July 2012, Soldi reported that it received assays of samples taken from its
Cameron Graphite Property. Two consecutive chip samples taken over widths of 1
metre each, assayed 26.85% and 25.02% graphitic carbon respectively, for an
average of 25.94% graphitic carbon over a true thickness of 2.0 metres.


In the spring of 2012, Soldi carried out a preliminary VLF-electromagnetic
survey and geological mapping on the Cameron property (see news release of May
1, 2012). The graphite zone coincides with a weak VLF conductor that extends for
200 metres to the southeast, and is open in that direction. Historic shallow
drill holes that were put down in 1965, at the same time as the bulk sample, are
reported to have intersected graphite in "all but one" of 23 drill holes to the
west of the test pit, although the VLF conductor does not extend for more than
about 25 metres in that direction. Details of the 1965 drilling, including hole
locations and depths, as well as widths and grades of mineralized intersections,
are not available.


The technical information in this news release has been written and/or reviewed
by Mike Magrum, P.Geo., a Qualified Person as defined in NI 43-101. Note: Grab
samples are selective by nature and are unlikely to represent average grades on
the property. Historic results are not 43-101 compliant and cannot be relied
upon.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Soldi Ventures Inc.
Charles Desjardins
President
604-683-5445
604-687-9631 (FAX)
charles@soldiventuresinc.com
www.soldiventuresinc.com

Vega Mining, Inc. (TSXV:SOV)
過去 株価チャート
から 6 2024 まで 7 2024 Vega Mining, Inc.のチャートをもっと見るにはこちらをクリック
Vega Mining, Inc. (TSXV:SOV)
過去 株価チャート
から 7 2023 まで 7 2024 Vega Mining, Inc.のチャートをもっと見るにはこちらをクリック