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TSX-V: SOV
Soldi Ventures Inc. Acquires the Split Lake Gold Property, Ontario
August 18, 2011: Soldi Ventures Inc. (Soldi) (TSX-V symbol: SOV) has acquired the Split Lake
Gold Property, 2 claims totaling approximately 1,300 acres in the Patricia Mining District, in
Ontario, approximately 26 km south west of Sioux Lookout. The claims are located adjacent to the
highway and a railway line.
The claims cover ground reported on by Gillis of ACA Howe in 1980. He reported that the claim
area was host to several zones of gold-bearing veins that were initially discovered in the early
1930’s and worked from 1935 to 1940. The claims cover two known gold bearing zones, Zone 3
and Zone 9.
The general geology of the claim area is described by Gillis as being underlain by rocks of Precambrian age consisting of andesitic lavas of the Keewatin formation containing layers of dacite,
rhyolite, breccia and tuff, with most of the area sheared and altered. Within the shears or fracture
zones carbonate, chlorite, pyrite and quartz veins exist. Older and younger intrusive rocks are
described in general geology with related shear zones again described as containing quartz. Gillis
reported that gold mineralization occurs with quartz veins in fracture and shear zones, with quartz
veins uncovered on surface that ranged from widths of 1 inch to 6 feet, and in areas visible gold
was noted.
Gillis noted that “sampling within Zone 3 was concentrated in the areas of previous trenching, and
since it proved impossible to adequately clean out many of these trenches, the sampling program
was very limited. In spite of this, the samples collected do confirm the presence of gold
mineralization in the area, with values ranging from trace to 0.059oz/ton. Previous work over this
area indicates a zone of some 70,000 tons at 0.24oz/ton Au.
Gillis also reports that “Extensive rock sampling of a trench in Zone 9 yielded values ranging from
trace to 1.08oz/ton Au. A previous drill hole in the area intersected a 10 foot zone averaging
.48oz/ton. This zone has been traced on surface for 1000 feet….”Grab samples in 1959 returned
7.58oz/ton Au and 2.70oz/ton Au from Zone 9.
The general geology of the claim area is similar to past and current gold producers in the TimminsSouth Porcupine, Kirkland Lake-Larder Lake, and Val D’Or- Malartic gold mining camps.
Technical information in this news release has been prepared and/or revised by Mike Magrum,
P.Eng., Director and Qualified Person as defined in NI 43-101 for Soldi.
Soldi will pay a cumulative amount of $165,000 cash and issue 1,250,000 common shares over a
three year period. The Split Lake Gold Property will also be subject to a 2.0% Net Smelter Royalty
("NSR") and Zone shall have an option to purchase 1% of the NSR for the sum of $1,000,000 at
any time up to when a production decision is made.
Soldi Ventures Inc. (TSX-V symbol: SOV) is a Canadian Exploration Company focused on
discovering world class gold deposits in politically safe jurisdictions. In light of the Rainy River
gold discovery and others in the area, the Rainy River gold belt will be a high priority for the
Company’s exploration efforts.
For additional information please contact:
Jeanne MacDonald
Manager of Corporate Communications
Email: jeanne@soldiventuresinc.com
Telephone: (604) 683 5445 ext 226
Or visit www.soldiventuresinc.com
On behalf of the board of
SOLDI VENTURES INC.
“Charles Desjardins”
Charles Desjardins
President
“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.”
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.