Soldi Ventures Inc.
TSX VENTURE : SOV

Soldi Ventures Inc.

December 13, 2010 11:59 ET

Soldi Ventures Inc. Commences Airborne Survey Over Its Entire Land Package in the Rainy River-Cameron Lake Area

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 13, 2010) - Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) reports that Geotech Ltd. has commenced an airborne VTEM® time-domain electromagnetic and magnetic survey of the company's properties in the Rainy River-Cameron Lake area of northwest Ontario. Most of the six claim groups that make up Soldi's property holdings in the Rainy River-Cameron Lake area have never been covered with a modern electromagnetic survey.

Property Summary
The properties are situated in the heart of an emerging gold camp, and have significant potential for both volcanogenic and structurally controlled gold mineralization, and for volcanogenic massive sulphide (VMS) base metal or polymetallic deposits. A review of historical information in the area outlined a number of priority targets including an east-west fault structure with an associated magnetic low. Significant discoveries have been made in association with similar structural targets along the Rainy River Gold Belt up to and including the area of the Cameron Lake gold deposit.

To view a detailed map of Soldi's complete land position please visit the following link: http://www.soldiventuresinc.com/pdf/map/soldi_ventures_ontario_7dec_2010.pdf

Cameron Lake Blocks "A" and "B"
These two claim blocks totaling 76 units (3,040 acres) cover several kilometres of the Pipestone-Cameron Shear Zone, a major regional structure. This structure, or a splay off it, is probably responsible for localizing gold mineralization at the Cameron Lake deposit, less than 2 kilometres from the Soldi property boundary. Cameron Lake is a relatively low grade gold deposit that is now being actively explored by Coventry Resources Ltd. Recent increases in the price of gold have made this deposit appear to be more economically feasible. Current resource estimates for Cameron Lake are:

  • Indicated resource - 523,477 ounces at 2.77 grams per tonne gold (g/T Au)
  • Inferred resource - 786,150 ounces at 1.84 g/T Au
  • At a cutoff of 0.5 g/T Au
  • (Source - Coventry Resources Ltd. http://www.coventryres.com/)

In addition to the Pipestone-Cameron Shear Zone, the Soldi Cameron Lake Block "B" is traversed by two splays off the regional structure. A second-order shear hosts a historical gold occurrence called the Meahan Zone, which contains narrow quartz stringers in an altered shear zone. Historical assays ranged up to 65.56 g/T Au; a sample taken in 2009 for Soldi assayed 17.27 g/T Au.

Another shear zone, probably a third-order shear, called the Dubenski Shear, splays off the shear that hosts the Meahan Zone. On the adjoining property to the west, the Dubenski shear, which is up to 75 metres wide, is host to a gold deposit, the Gold Panner Mine, which produced on a small scale between 1899 and 1903. A 750 metre length of the Dubenski Shear on Cameron Lake Block "B" lies under water and has not been tested by any historical exploration.

Rainy River Block "A"
This 1,160-acre claim block lies 5 kilometres southwest of the Rainy River gold deposit of Rainy River Resources Ltd. Current resource estimates at Rainy River are:

  • Indicated resource - 2,370,000 ounces at 1.3 g/T Au
  • Inferred resource - 2,659,000 ounces at 1.2 g/T Au
  • At a cutoff of 0.4 g/T (open pit) and 3.0 g/T Au (underground)
  • (Source - Rainy River Resources Ltd. http://www.rainyriverresources.com/)

Rainy River Block "A" straddles a major regional structure, the Quetico Fault. The location of this structure is pinpointed to within 100 metres by airborne magnetic surveys, but it does not appear to have been intersected by a drill hole to date.

The property lies in the Rainy River clay belt, and no outcrops are known. Previous exploration consisted of one diamond drill hole in 1973 to test a HLEM conductor. Five holes were drilled in 2008, also to test EM conductors.

A strong gold-in-till anomaly of 15,000 ppb Au was located during a regional till sampling program in 1993. A 2008 diamond drill hole up-ice of the gold anomaly did not locate any mineralization. However, a single gold anomaly in till is hard to follow up effectively, and Soldi's plans include more detailed overburden drilling to more fully define a dispersion train.

Rainy River Block "B"
This 15,000-acre claim block covers a 21 kilometre strike length of a greenstone belt, beside another major structural corridor called the Burditt Lake Fault. The northeastern part of this property covers a structurally complex area where the Burditt Lake Fault meets the Pipestone-Cameron Shear Zone. This area includes two high-level granitic intrusions known as the Dash Lake Stock and the Phinney Lake Stock. This geological environment is favourable for volcanogenic gold and VMS mineralization. A government lake-sediment geochemical survey shows numerous copper anomalies in this area, with copper in lake sediments up to 229 ppm copper (median value = 50 ppm). The lake sediment sample site with the highest copper also has anomalous silver at 0.44 ppm (median value = 0.13 ppm).

The Dash Lake - Phinney Lake area was explored between 2006 and 2008 by Western Warrior Resources, who collected rock samples over a wide area for analysis have indicated several clusters of samples with anomalous gold contents of up to 0.45 g/T. Little in the way of follow up work appears to have been done on these occurrences.

Rainy River Block "C"
This 800-acre claim block adjoins Rainy River Resources Ltd.'s Off Lake property, where a number of VMS-type base/precious metals occurrences have been found. Very little previous work has been done on this block.

Rainy River Block "D"
This 1,900-acre claim block adjoins the Rainy River Resources Ltd.'s property and is located approximately 2.5 km directly north of the Rainy River Discovery Zone. Ontario government geological mapping shows the claims to be entirely underlain by granite, however this geological interpretation is based on limited outcrops in the east-central part of the property. An airborne electromagnetic survey carried out by the Ontario government in 1990 shows that there are extensive conductor systems throughout the property, except in the limited area of granite outcrops. This suggests that large parts of the property may be underlain by volcanic and/or sedimentary rocks. The geophysical anomalies are untested, and little or no exploration has been done on the property.

To receive news and information directly please visit the following link: http://www.soldiventuresinc.com/contact/.

Technical information in this news release has been reviewed by Mike Magrum, P.Eng., a Qualified Person as defined in NI 43-101 for Soldi.

Soldi Ventures Inc. (TSX VENTURE:SOV) is a Canadian Exploration Company focused on discovering world class gold deposits in politically safe jurisdictions. In light of the Rainy River gold discovery and others in the area, the Rainy River gold belt will be a high priority for the Company's exploration efforts.

On behalf of the board of
SOLDI VENTURES INC.
"Charles Desjardins"

Charles Desjardins
President, CEO, CFO, Secretary and Director

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."

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