Soldi Ventures Inc.

Soldi Ventures Inc.

April 16, 2012 09:00 ET

Soldi Ventures Inc. Announces Work on the Cameron Graphite Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 16, 2012) - Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) is pleased to announce that it will be starting a program of geophysical surveys, geological mapping and prospecting on the Cameron graphite property in Quebec. The objective is to fast-track the exploration process to get to the drilling, bulk sampling and metallurgical testing stage as quickly as possible.

The 2,920-acre Cameron graphite property is located five kilometres southwest of the town of Ste-Therese-de-la-Gatineau in western Quebec, just off of Highway 105, approximately 125 kilometres north of Ottawa, Ont. 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 news release for Feb. 22, 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, Que. Approximately five 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 per cent carbon after two minutes of grinding in the rod mill. A concentrate averaging 95.06 per cent 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 was exceptional at 65.09 per cent and 52.39 per cent respectively. ("Plus 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 per cent carbon with 77.43-per-cent recovery. The final test run gave a concentrate of 97.40 per cent carbon with a 90.15-per-cent recovery.

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