Soldi Ventures Inc.

Soldi Ventures Inc.

April 02, 2012 09:00 ET

Soldi Ventures Inc. Announces Preliminary Work on the Cameron and Lochaber Graphite Properties

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 2, 2012) - Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) is pleased to announce that preliminary work has begun on the Cameron and Lochaber Graphite properties in Quebec. Both properties were visited to assess any exposed graphite occurrences and to determine the best methods to continue exploration. The objective is to fast track the exploration process to get to the drilling stage as quickly as possible.

The 2,920 acre Cameron Graphite Property is located 5km southwest of the town of Ste-Thérèse-de-la-Gatineau in western Québec, just off of Highway 105, approximately 125km North of Ottawa, Ontario. The property has excellent year-round road access as well as good regional infrastructure. A historical technical report from 1965 notes the existence of graphite in "large, irregular shaped masses of coarsely crystalline white limestone" (see: Soldi Ventures Inc. news release for February 22nd, 2012). This occurrence was located along with the historical diamond drill holes around it.

In 1965, a bulk sample of the graphite-bearing material was shipped to a processing plant located in Labelle, Québec. 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 +48 mesh concentrate was exceptional at 65.09% and 52.39% respectively. ("+48 mesh" concentrate is considered highly valuable).

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.

The 2,300 acre Lochaber Graphite Property is located 5km west of the town of Saint-Sixte, Québec, just off of Route 317, approximately 65km East of Ottawa. The area has been subject to previous logging and forestry work and a good road network is in place. The property is located in a historical graphite mining district, and had been the target of exploration in the early 1950's and again in the 1980's, during which time an airborne survey was flown to further define targets. A strong, wide airborne conductor was discovered and a ground visit to the location revealed massive flake graphite.

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.

Based on the historical information and the preliminary assessment of the Cameron and Lochaber Graphite Properties, Soldi Ventures is planning an exploration program consisting of ground geophysics, drilling, bulk sampling and metallurgical testing to further evaluate the properties.

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

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.

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Contact Information