Soldi's other graphite project - the approximate 1,200 hectare Cameron Graphite Property in Quebec, is located 16 kilometres east of Maniwaki and approximately 125 kilometres due north of Ottawa, with excellent road access.
The property is part of the Grenville Sub-Province of the Precambrian Shield of northern Canada. The formations of the area are generally gneissic granites, crystalline limestones, mica and amphibolites schists. Pegmatite dykes, veins and stock work are often present within the gneissic granite batholite.
Graphite is known to be common throughout the Grenville Sub-Province and has been commercially mined in the past from a number of deposits located mainly between the Ottawa River to the south and the Mont Laurier area to the north. On the property itself, graphite was found to occur in large, irregular shaped masses of coarsely crystalline white limestone. The graphite occurs as a bed approximately 20 feet thick. The graphite grade was visually estimated to be approximately 15% with a high proportion of large flakes.
In 1965, a bulk sample of the graphite-bearing material was shipped to a processing plant located in Labelle, Quebec. 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 plus 48 mesh concentrate ("plus 48 mesh" concentrate is considered highly valuable) was exceptional at 65.09% and 52.39% respectively.
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.
In July 2012, Soldi reported that it received assays of samples taken from its Cameron Graphite Property. 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.
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 technical information in this news release has been written and/or reviewed by Mike Magrum, P.Geo., a Qualified Person as defined in NI 43-101. Note: Grab samples are selective by nature and are unlikely to represent average grades on the property. Historic results are not 43-101 compliant and cannot be relied upon.
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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.
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.
Soldi Ventures Inc.
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