Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 9, 2012) – Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) is pleased to provide the metallic assay results from the first of the re-assayed holes from the winter 2011 drilling program on its Golden Bullet project in central Newfoundland. Due to the coarse free gold observed in various core samples, management felt that 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 in a number of areas through the standard fire assay technique and that the metallic gold assays will more accurately reflect true gold grades. Analyses for all assaying techniques were performed by Accurassay Laboratories Ltd. out of Ontario, Canada.
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) over 0.70 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 grading 23.73 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. See Table 1 below for the intercepts;
