VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 26, 2012) - Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) announces that it has received assays of samples taken from its Cameron Township flake graphite property near Ste-Therese-de-la-Gatineau, Quebec, 10 kilometres southeast of the town of Maniwaki. Two consecutive chip samples taken over widths of 1 metre each, assayed 26.85% and 25.02% graphitic carbon respectively, for an average of 25.94% graphitic carbon over a true thickness of 2.0 metres.
The graphite zone is exposed in a small pit that was excavated for the purpose of taking a bulk sample in 1965. It is hosted in a belt of crystalline limestone (commonly referred to as marble) that is at least 250 metres wide. This type of marble is common throughout much of the Grenville Geological Province. The graphite occurs as coarse, lustrous flakes, up to 2 centimetres across, in a zone between 5 and 6 metres in thickness, which dips to the northeast at approximately 30 degrees.
In the spring of 2012, Soldi carried out a preliminary VLF-electromagnetic survey and geological mapping on the Cameron property (see news release of May 1, 2012). The graphite zone coincides with a weak VLF conductor that extends for 200 metres to the southeast, and is open in that direction. Historic shallow drill holes that were put down in 1965, at the same time as the bulk sample, are reported to have intersected graphite in "all but one" of 23 drill holes to the west of the test pit, although the VLF conductor does not extend for more than about 25 metres in that direction. Details of the 1965 drilling, including hole locations and depths, as well as widths and grades of mineralized intersections, are not available.
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 technical information in this news release has been written and/or reviewed by Peter Bambic, PGeo, a Qualified Person as defined in NI 43-101. Assays quoted in this news release are the average of two sets of analyses, one performed for Accurassay Laboratories Ltd., a Canadian laboratory that is certified under ISO/IEC 17025, and one by ALS chemex, a Canadian laboratory that is certified under ISO 9001:2008
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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
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.
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