Soldi Ventures Inc.

Soldi Ventures Inc.

January 24, 2012 09:00 ET

Soldi Ventures Inc. Continues to Intersect Economically Significant Intervals of Gold at the Golden Bullet Project, Newfoundland

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 24, 2012) - Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) is pleased to provide additional assay results from the recent drilling program on its Golden Bullet project in central Newfoundland. Drill Holes SV-11-08 and SV-11-09 were successfully drilled and have further defined the high grade Knob zone.

Hole SV-11-09 was collared 25 meters along strike from Hole SV-11-07 host a wide intercept of 1.322 g/t Au over 32.20m (refer to Jan 18th 2012 release). Significant assay results from Hole SV-11-09 included intervals of 9.2 g/t gold over 0.5m and 7.7 g/t gold over 0.4m (within a broader zone of 3.02 g/t gold over 5.5m). Other notable intercepts throughout Hole SV-11-09 suggest a large mineralizing event and these intercepts can be viewed in Table 1 below.

Of particular interest is the intercept of 1.632 g/t gold over 1.0m, located at the 46.5m mark of Hole SV-11-09. This section contained coarse visible gold but only returned very modest assay results. It appears that the Knob zone is very susceptible to a coarse gold effect which will prove to be a challenge in determining actual grades. To help alleviate this and to obtain what should be more representative assay results, a large number of samples through the entire program have been sent for metallic assay. These results will be released as they become available.

Drill Hole SV-11-08 was drilled directly underneath (15 m step back) the historical higher grade intercept of 57.46 g/t gold over 4.30m previously announced. The best assay result from Hole SV-11-08 is 0.55 g/t gold over 4.1m. It would appear that the veins blend in and out of high and low grade throughout the area.

For more detailed results please refer to the chart below.

Table 1. Notable Intercepts from Holes 8 and 9 of the Winter 2011 Drill Program
Drill Hole Easting Northing Azimuth Dip From
Total Depth
SV-11-08 657064 5425581 180 -45 50.6 54.7 4.1 0.550 90
Incl. 54.3 54.7 0.4 3.965
SV-11-09 657050 5425571 180 -45 10.0 15.5 5.5 3.017 85
13.0 14.5 1.5 6.599
Incl. 13.0 13.5 0.5 9.232
Incl. 14.1 14.5 0.4 7.712
34.7 39.7 5.0 1.331
Incl. 34.7 37.0 2.3 1.374
37.0 38.5 1.5 Lost Core
38.5 39.7 1.2 2.914
43.6 44.1 0.5 7.562
46.5 47.5 1.0 1.632

Golden Bullet Project Overview

The two primary licenses within this project are the Golden Bullet License and the Boulder License. A significant amount of historical work has been completed on the Golden Bullet License identifying a number of prospects and showings. Prospects can be defined as areas of interest that have been drilled whereas showings are defined as having limited work.

Soldi completed fifteen diamond drill holes during the recent 2011 winter drill program which was successful in indentifying multiple zones of visually significant mineralization, with many holes containing visible gold.

Table 2. Notable Intercepts from Holes 6 and 7 of the Winter 2011 Drill Program
Drill Hole Easting Northing Azimuth Dip From
Total Depth
SV-11-06 657112 5425580 200 -45 13.75 18.50 4.75 0.811 92
Incl. 13.75 17.00 3.25 1.026
25.30 28.30 3.00 1.115
39.20 44.60 5.40 7.220
Incl. 39.20 42.35 3.15 12.030
Incl. 39.20 41.35 2.15 17.360
Incl. 39.20 40.30 1.10 31.850
Incl. 39.60 40.30 0.70 45.750
SV-11-07 657076 5425572 180 -45 42.50 76.00 33.50 1.274 83
Incl. 42.50 74.70 32.20 1.320
Incl. 58.85 76.00 17.15 1.984
Incl. 58.85 64.20 5.35 5.550
Incl. 59.20 59.70 0.50 18.230
Incl. 61.85 62.65 0.80 20.240
(Previously reported in press release dated January 18th 2012)

Hole SV-11-06 has the most significant high grade intercept with 45.8 g/t Au over 0.70 metres(m), including 17.36 g/t Au over 2.15 m and 12.03 g/t Au over 3.15 m within a wider zone of 7.2 g/t Au over 5.4 m.

Forty meters to the northwest of Hole SV-11-06, Hole SV-11-07 also had a number of very significant intercepts with 20.24g/t Au over 0.80 m and 18.23g/t Au over 0.50 m within an interval grading 5.55 g/t Au over 5.3 m, within an interval grading 1.984 g/t Au over 17.15 m, all within a very broad zone of 1.322 g/t Au over 32.2 m.

Historical Drilling at the Golden Bullet License

The two most significant historical gold showings are the grab sample of 2,130 g/t, recorded by Noranda and the 338.6 g/t gold discovered by Rubicon Minerals in a grab sample in 2005. Grab samples are selective by nature and are unlikely to represent average grades on the property.

Other notable gold intercepts from historical diamond drilling include: 57.46 g/t over 4.30 m, 38.53 g/t over 6.45 m, 106.2 g/t over 2.3 m, 102.2 g/t over 0.76 m, 32.2 g/t over 1.6 m, 24.38 g/t over 1.83 m and 8.98 g/t over 14.33 m. These historical intercepts were drilled by Noranda beginning in 1987 and later continued by a Gander River Minerals and Hemlo-Bristol Joint Venture in the early 1990's. The Project lies within Davidsville Group turbiditic sediments including intervals of slate, siltstone and sandstone-greywacke that are interpreted to conformably overlie and be imbricated with the Gander River Complex. A belt of greywacke dominant sediments bound between two topographic linears appears to play a significant role in the known distribution of gold showings. The historical data has not been verified.

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.

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Soldi Ventures Inc. (TSX VENTURE:SOV) is a Canadian junior gold exploration company focused on discovering gold 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.

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