Soldi Ventures (TSX VENTURE:SOV) Acquires Significant Land Position in the Rainy River Gold Belt
VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ mining and gold stocks blog ) - Sept. 27, 2010) - Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) has acquired 14,000 contiguous acres (350 units) of prospective gold property in the Rainy River greenstone belt where Rainy River Resources Ltd. and several other Companies have aggressively staked up to Soldi's newly acquired property and beyond the Cameron Lake deposit placing Soldi in a strategically central location. This recent staking follows the northeast southwest trending Rainy River greenstone belt which has the potential of hosting volcanogenic massive sulphide (VMS) deposits in addition to other types of gold deposit models. To view the location of Soldi's latest acquisition please visit the map at the following link:
http://www.soldiventuresinc.com/pdf/map/soldi_ventures_rainy_river.pdf.
This newly acquired gold property is located northwest of Soldi's recently acquired Rainy River Block "A" property which consists of 3 contiguous claims covering a total of 1,120 acres (28 claim units) immediately south of the Rainy River Gold Project in the Kenora Mining District of Western Ontario. Rainy River Resources Ltd. has stated that its resource estimate has increased to 2.37 Moz gold in the indicated category and 2.66 Moz gold in the inferred category after their 2009 drilling program. Bayfield Ventures Corp. has also experienced drilling success in the area with results as high as 35.93 g/t gold over 10.0m within 13.28 g/t gold over 28.0m (Refer to the Bayfield September 7th 2010 release) among other significant intercepts.
Mike Magrum, P.Eng., a qualified person under National Instrument 43-101, has approved the technical content of this news release.
Soldi Ventures Inc. (TSX VENTURE: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.
On Behalf of the Board of Soldi Ventures Inc.
Charles Desjardins, President, CEO, CFO, Secretary and Director
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.
http://www.soldiventuresinc.com/pdf/map/soldi_ventures_rainy_river.pdf.
This newly acquired gold property is located northwest of Soldi's recently acquired Rainy River Block "A" property which consists of 3 contiguous claims covering a total of 1,120 acres (28 claim units) immediately south of the Rainy River Gold Project in the Kenora Mining District of Western Ontario. Rainy River Resources Ltd. has stated that its resource estimate has increased to 2.37 Moz gold in the indicated category and 2.66 Moz gold in the inferred category after their 2009 drilling program. Bayfield Ventures Corp. has also experienced drilling success in the area with results as high as 35.93 g/t gold over 10.0m within 13.28 g/t gold over 28.0m (Refer to the Bayfield September 7th 2010 release) among other significant intercepts.
Mike Magrum, P.Eng., a qualified person under National Instrument 43-101, has approved the technical content of this news release.
Soldi Ventures Inc. (TSX VENTURE: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.
On Behalf of the Board of Soldi Ventures Inc.
Charles Desjardins, President, CEO, CFO, Secretary and Director
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.
For more information, please contact
Soldi Ventures Inc.
Charles Desjardins
President, CEO, CFO, Secretary and Director
604-683-5445
604-687-9631 (FAX)
info@soldiventuresinc.com
www.soldiventuresinc.com
Soldi Ventures Inc.
Charles Desjardins
President, CEO, CFO, Secretary and Director
604-683-5445
604-687-9631 (FAX)
info@soldiventuresinc.com
www.soldiventuresinc.com
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