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Soldi Ventures Inc. (TSXV:SOV) received results from the first of the re-assayed holes from the winter 2011 drilling program on its Golden Bullet project in central Newfoundland.
Soldi Ventures Inc. (TSXV:SOV) received results from the first of the re-assayed holes from the winter 2011 drilling program on its Golden Bullet project in central Newfoundland. Management felt that due to the coarse free gold observed in various core samples, the previously announced assay results did not adequately reflect the actual gold concentration in the core (Released January 5th, 2011). It was suspected that the overall grades were not properly reflected through the standard fire assay technique and that the metallic gold assays will more accurately reflect true gold grades.
As quoted in the press release:
Using the latest metallic assay results, for the high grade section in Hole SV-11-06, Soldi has intersected 62.99 g/t gold (2.02 ounces/ton) over0.70 metres. This intercept is included in a section grading 43.51 g/t gold (1.40 ounces/ton) over 1.10 metres, which is within a section grading23.73 g/t gold (0.76 ounces/ton) over 2.15 metres, all within a larger 5.4 metre intercept that graded 9.80 g/t (0.31 ounces/ton). These results demonstrate a significant improvement over assays using the standard fire assay method. The true width of the zone is unknown. Further drilling will be required to determine the true width.
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.
As previously announced, Soldi is currently drilling and has just completed hole SV-12-07 which was collared 15 meters along strike from hole SV-11-06. It was drilled in an attempt to establish the orientation of the veins within this zone. It appears that Hole SV-11-06 has encountered a new vein system. The hole was collared approximately 90 metres east of the previously reported historical intercept of 8.98 g/t over 14.33 metres.
Click here to read theSoldi Ventures Inc. (TSXV:SOV) press release
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