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Soldi Ventures Inc. (TSXV:SOV) intercepted 45.8 g/t Au over 0.70 metres(m), including 17.36 g/t Au over 2.15 m and12.03 g/t Au over 3.15 m within a wider zone of 7.2 g/t Au over 5.4 m on Hole SV-11-06 on the Golden Bullet Project in Newfoundland. As well, fifteen diamond drill holes have been completed during the recently completed 2011 drill program. Drilling has been successful in encountering multiple intercepts of visually significant mineralization with four of the holes exhibiting areas of visible gold.
As quoted in the press release:
Hole SV-11-06 has the most significant high grade intercept with 45.8 g/t Au over 0.70 metres(m), including 17.36 g/t Au over 2.15 m and12.03 g/t Au over 3.15 m within a wider zone of 7.2 g/t Au over 5.4 m.
Forty meters to the northwest of Hole SV-11-06, Hole SV-11-07 also had a number of very significant intercepts with 20.24 g/t Au over 0.80 m and18.23 g/t Au over 0.50 m within an interval grading 5.55 g/t Au over 5.3 m, within an interval grading 1.984 g/t Au over 17.15 m, all within a very broad zone of 1.322 g/t Au over 32.2 m.
Within the overall drill program, the most significant of these visible gold bearing holes is Hole SV-11-12, which was drilled approximately 90-100 meters east of any previous drill hole. Visible gold was noted in this hole at an approximate depth of 150 metres, within an intermittently quartz veined and mineralized 40-50 metre section of altered greywacke. Since this hole was collared on a co-incident geochemical and geophysical target and multiple similar targets exist within the property, the next drilling phase will include drill holes to test the strike and depth extension of this altered unit and will also test a number of very similar targets in the immediate area of this discovery. A number of other very similar targets, 400-500 meters to the west near the Letha and Grouse prospects will also be tested.
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