News:..Soldi Ventures Inc. Discovers Samples up toSoldi Ventures Inc. Discovers Samples up to 7.2 Ounces/Ton at the Golden Bullet ProjectVANCOUVER, BRITISH COLUMBIA, Aug 16, 2011 (MARKETWIRE via COMTEX News Network) --
SoldiVentures Inc. (Soldi) (TSX VENTURE: SOV) is pleased to report thatpreliminary analysis from its summer long exploration program on theGolden Bullet Project has returned grab sample values as high as 7.2oz/t gold. The highest grade sample was collected from newly exposedbedrock on the main license (assayed 222.5 g/t Au or 7.2 oz/t).Additional exploration, in the immediate area of this occurrencerevealed a number of quartz-antimony veins which assay up to 26 g/t Auand 12.5% Antimony (Sb).
Exploration, approximately 200 meterswest of the primary discovery, also yielded several anomalous goldresults. The most significant of which is a 5-7 meter wide zone ofmineralized quartz veining which recorded values of up to 11.7 g/t. Itshould be noted that all of these occurrences have only recently beenexposed by ongoing quarry operations. Further work such as trenching toextend the zones and channel sampling to better determine the overallgrade will commence shortly. These occurrences are found along a lengthof 1.5 kilometers, with local quartz float assaying up to 3.4 g/t Au.
Sampling,on additional ground acquired around the Golden Bullet property, hasalso resulted in a number of significant assay results. Explorationrevisited known historical gold occurrences, where visible gold bearingangular quartz returned assays of up to 5.4 oz/t Au (167 g/t). Float tosubcrop quartz material within 200 meters of this discovery yieldedassays of up to 3.2 g/t Au. There is also a recorded historical, singlepoint gold soil anomaly of 1.87 g/t (recorded as 1871 ppb) within 300meters of the location of the visible gold bearing quartz.
Samplescollected from the program are being analyzed at the Eastern AnalyticalLtd. Laboratory located in Springdale, Newfoundland.
Furtherwork such as trenching to extend the zones and channel sampling tobetter determine the overall grade will commence shortly. Soldi intendsto aggressively follow up these and other developments and will bereleasing further details as the exploration programs are finalized.
Previous History of the Golden Bullet Project
TheGolden Bullet Project contains a number of significant gold showings,with values ranging up to 338.6g/t gold (Rubicon Minerals grab sample,2005) and a historical grab sample recorded by Noranda of 2,130 g/tgold. The Project consists of 233 claim blocks (6,975 hectares) and hasexcellent road access near the town of Gander. After compiling all ofthe previous work carried out on the Project, Soldi intends tore-evaluate the project using modern exploration techniques includingdrilling to follow up on previous high grade gold results in drillholes.
The most notable gold intercepts from previous diamonddrilling on the Project include: 57.46 g/t over 4.30 m, 38.53 g/t over6.45 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 historicalintercepts were drilled by Noranda beginning in 1987 and later continuedby a Gander River Minerals and Hemlo-Bristol Joint Venture in the early1990's. The Project lies within Davidsville Group turbiditic sedimentsincluding intervals of slate, siltstone and sandstone-greywacke that areinterpreted to conformably overlie and be imbricated with the GanderRiver Complex. A belt of greywacke dominant sediments bound between twotopographic linears appears to play a significant role in the knowndistribution of gold showings.
Historical work on the Project haslead to the discovery of four known zones that have been named theGrouse, Knob, Letha, and Bullet. More recently, in 2004, a 15 hole,1724.5 metre HQ diamond drill program carried out by Rubicon MineralsCorp. tested three gold targets on the Project; namely the "Knob" (7holes 897.7 metres), "Letha" (2 holes, 128.0 metres), and "Grouse" (6holes, 698.8 metres).
The 2004 Drill program achieved its statedobjectives of better defining the geometry and gold distribution of the"Knob" quartz vein system where previous drilling and surface samplingencountered several high grade intersections with abundant visible gold.However, the drilling only returned highly anomalous gold values fromthe complex vein system. The veining is mainly hosted by a moderately tostrongly altered, relatively coarse greywacke/pebble conglomerate andrarely by finer grained siltstone/shale. Alteration consists of aproximal sericite-iron carbonate assemblage bordered by calcite +/-chlorite. Arsenopyrite and pyrite are locally abundant along veinmargins but rarely exceed 1% in the veins themselves. Visible gold wasencountered in two locations.
Rubicon followed up this drillprogram with a ground program, where a total of 62 rock samples ofmineralized quartz-rich float and outcrop were collected. Of these, 14samples assayed above 1 g/t gold, six of those samples assayed over 5g/t gold, and three samples assayed over 100 g/t gold. As with previousprospecting results, these samples tend to align over a 5 km strikelength.
Technical information in this news release has beenprepared and/or revised by Mike Magrum, P.Eng., Qualified Person asdefined in NI 43-101 for Soldi.