Soldi Ventures Inc.
TSX VENTURE : SOV

Soldi Ventures Inc.

November 16, 2011 09:00 ET

Soldi Ventures Inc. Has Commenced Drilling on the Golden Bullet Project, Newfoundland

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 16, 2011) - Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) reports that Springdale Forest Resources Inc. (Diamond Drilling Division) of Springdale, NL has commenced a 2,000 meter drill program on the permitted Golden Bullet Project. Drilling will test a number of high priority gold (Au) targets selected after reviewing the recently completed Induced Polarization (IP) and Gravity surveys over all of the main target areas of the Golden Bullet license, including the high grade Knob and Bullet prospects.

The drill program will include the high grade Knob Prospect, which has historical drill intercepts of up to 57.46 g/t Au over 4.30 meters and the Knob Offset vein system with drill intercepts of 8.98 g/t Au over 14.33 meters. The Bullet Extension zone, which has several high-grade grab samples and multiple drill hole intercepts ranging from 1-17 g/t Au over various intercept lengths (please review previous releases) will also be drilled.

Further ground work will be carried out in areas with historic and recently discovered high gold values where they are coincident with anomalous resistivity and chargeability targets from the IP survey. The objective is to upgrade these areas to drill targets. Two examples of this are the recently discovered Vg zone with grabs samples of up to 298.8 g/t Au along with the newly discovered Quarry zone with channel samplings of 1.51 g/t Au over 5.5 meters within 0.91 g/t Au over 31 meters.

Grab samples are selective by nature and are unlikely to represent average grades on the property.

Golden Bullet Project Overview

The two primary licenses within this project are the Golden Bullet License and the newly acquired 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.

The two most significant historical gold showings are the grab sample of 2,130 g/t, recorded by Noranda and the 338.6g/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.

Historical Drilling at the Golden Bullet License

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 2.3m, 102.2 g/t over 0.76m, 32.2 g/t over 1.6m, 24.38 g/t over 1.83m and 8.98 g/t over 14.33m. 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.

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 http://twitter.com/soldiventures.

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.

Contact Information