Soldi Ventures Inc.
TSX VENTURE : SOV

Soldi Ventures Inc.

May 01, 2012 09:00 ET

Soldi Ventures Performs Geological and Geophysical Surveys on the Cameron Graphite Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2012) - Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) reports that it has completed preliminary geological and geophysical surveys of its Cameron Township flake graphite property near Ste-Thérèse-de-la-Gatineau, Québec. The historic graphite zone appears to have a geophysical expression as a VLF electromagnetic response that has been traced for a minimum strike length of 200 metres, and is still open to the southeast.

Soldi has sent some samples to the lab to be assayed and is currently awaiting results.

The graphite-bearing zone, in which a small pit was excavated for the purpose of taking a bulk sample in 1965, occurs in a belt of crystalline limestone, commonly referred to as marble, which is at least 250 metres wide. This rock type is common throughout much of the Grenville Geological Province. The graphite forms coarse, lustrous flakes in a zone between 5 and 6 metres in thickness, which dips to the northeast at approximately 30 degrees. A VLF electromagnetic survey of the area around the occurrence shows that the graphite zone coincides with a weak conductor which has been traced to the southeast for approximately 200 metres, and is open in that direction. The conductor does not extend to the northwest, even though drilling to the west of the pit in 1965 is reported to have intersected graphite in "all but one" of 23 drill holes.

Unlike the graphite-bearing zones that are so common in greenstone belts in older parts of the Canadian Shield, the Cameron graphite zone is not a strong conductor, and there is no reason to expect it to be a strong conductor. The graphite flakes (some of which are up to 2 centimetres across) are disseminated through the marble and are mostly not in contact with one another, hence electrical conductivity is limited. The richer streaks and bands, where the graphite is nearly massive, although they are numerous, are mostly not continuous for more than a couple of metres, so that there is no reason to expect a strong electromagnetic response (or even any electromagnetic response) from the mineralization.

All reports of historical statutory work ("assessment reports") for the Cameron property and surrounding area have been obtained, and there is no record of any work on the Cameron graphite property other than the 1965 bulk sampling, metallurgical testing and limited drilling that were disclosed in Soldi Ventures' news release dated February 16th, 2012.

The company plans a first-phase diamond drilling program of approximately 1,000 metres to test the graphite zone over a length of 400 metres and to a vertical depth of 100 metres.

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 technical information in this news release has been written and/or reviewed by Colin Bowdidge, Ph.D., P.Geo., a director of the company and a Qualified Person as defined in NI 43-101.

You can now find Soldi Ventures Inc. on Twitter at http://twitter.com/soldiventures.

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