Click here to close now.




















Welcome!

Agile Computing Authors: Pat Romanski, Dana Gardner, Liz McMillan, Greg Dickinson, Adrian Bridgwater

News Feed Item

Soldi Stakes Additional Graphite Property

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/08/13 -- Soldi Ventures Inc. (TSX VENTURE:SOV) (Soldi) announces that it has staked an additional 120.4 hectare property (known as the "Royal" property) within Galaxy Graphite Corp.'s ("Galaxy") Buckingham Project located in Quebec (map available here: http://www.soldiventuresinc.com/wp-content/uploads/2013/02/Royal-Staking.pdf).

Galaxy recently announced its assay results from its fall 2012 mapping and sampling program on the Buckingham graphite project in Quebec. One sample taken from the property analyzed for size distribution contains 11.5% graphitic carbon, with 54.42% of the large flakes in excess of 80 mesh.

The Buckingham graphite property comprises of two former producing mines, located just east of Buckingham, Quebec. The mines are located in the highly prospective Central Metasedimentary belt of the Grenville geological province, host to many active graphite projects. The host rocks for both deposits are graphitic crystalline marbles, similar to the host stratigraphy at Timcal's Lac des Iles graphite mine, currently Canada's only producing graphite mine. The two properties cover a total of 1,324 hectares on 22 mining claims.

The Ste-Marie deposit had small-scale production in 1865, with a total reported production of 50 tons of graphite. The mineralization is hosted in lenticular masses and mineralized veins, within a crystalline limestone marble. The mineralization results from carbonization of organic matter in calcareous sedimentary formations during the Grenvillian metamorphic event. The graphite mineralization is typically massive.

The Dominion mine produced a reported 916 tons of graphite between 1910 and 1919. The geological setting is very similar to the Ste-Marie deposit. Flake graphite is reported to be the common form of graphite in the deposit (see Galaxy's news release dated February 7, 2012 for more details).

Soldi's new Royal property within Galaxy's Buckingham project is approximately 20 kilometres west of Soldi's Lochaber Graphite Property and 95 kilometres south of Soldi's Cameron Graphite Property (map available here: http://www.soldiventuresinc.com/wp-content/uploads/2013/02/soldi-map-posterFeb.pdf).

The Lochaber Graphite Property covers 930.77 hectares and was acquired February 2012. The Lochaber Property had been the target of exploration in the early 1950's and again in the 1980's during which time an airborne survey (in report DP 83-05) was flown to further define targets. A strong, wide airborne conductor was discovered and a ground visit to the location revealed massive flake graphite. The property is located approximately 50 kilometers east of Ottawa-Gatineau, near a highway in a historic graphite mining district.

In a 1952 report it was reported that: "Trenches were bulldozed by Frobisher Exploration, stripping overburden of 3-18 inches perpendicular to the strike of the Graphite zone. 10 trenches were stripped every 50 feet for 550 feet of the zone. The graphite exposed ranged from 3 feet to over 10 feet in the last 150 feet of the zone. The graphite zone trends along a steep valley that has a strike of N85E." The author visually estimated grades of 10% to 15% graphite. A pit 1,500 feet west of this zone exposed graphite bearing rock. A government airborne electromagnetic-magnetic survey detected conductors on three lines, showing parallel zones to the one which was trenched.

Soldi's other graphite project - the approximate 1,200 hectare Cameron Graphite Property in Quebec, is located 16 kilometres east of Maniwaki and approximately 125 kilometres due north of Ottawa, with excellent road access.

The property is part of the Grenville Sub-Province of the Precambrian Shield of northern Canada. The formations of the area are generally gneissic granites, crystalline limestones, mica and amphibolites schists. Pegmatite dykes, veins and stock work are often present within the gneissic granite batholite.

Graphite is known to be common throughout the Grenville Sub-Province and has been commercially mined in the past from a number of deposits located mainly between the Ottawa River to the south and the Mont Laurier area to the north. On the property itself, graphite was found to occur in large, irregular shaped masses of coarsely crystalline white limestone. The graphite occurs as a bed approximately 20 feet thick. The graphite grade was visually estimated to be approximately 15% with a high proportion of large flakes.

In 1965, a bulk sample of the graphite-bearing material was shipped to a processing plant located in Labelle, Quebec. Approximately 5 tons of this material was processed. In addition, 23 drill holes were drilled to the west of this occurrence and all, except for one, intersected graphite.

Three metallurgical tests were conducted on the bulk sample from 1965 using different grinding times. The results obtained were excellent, with the ensuing production of concentrate averaging 91.35% carbon after two minutes of grinding in the rod mill. A concentrate averaging 95.06% carbon was obtained after four minutes of grinding in a rod mill. In either case the recovery of large or "jumbo" graphite flakes in the plus 48 mesh concentrate ("plus 48 mesh" concentrate is considered highly valuable) was exceptional at 65.09% and 52.39% respectively.

The bulk sample was later analyzed with a semi-commercial plant test. The rod mill test gave a concentrate of 95.11% Carbon with 77.43% recovery. The final test run gave a concentrate of 97.40% Carbon with a 90.15% recovery.

In July 2012, Soldi reported that it received assays of samples taken from its Cameron Graphite Property. Two consecutive chip samples taken over widths of 1 metre each, assayed 26.85% and 25.02% graphitic carbon respectively, for an average of 25.94% graphitic carbon over a true thickness of 2.0 metres.

In the spring of 2012, Soldi carried out a preliminary VLF-electromagnetic survey and geological mapping on the Cameron property (see news release of May 1, 2012). The graphite zone coincides with a weak VLF conductor that extends for 200 metres to the southeast, and is open in that direction. Historic shallow drill holes that were put down in 1965, at the same time as the bulk sample, are reported to have intersected graphite in "all but one" of 23 drill holes to the west of the test pit, although the VLF conductor does not extend for more than about 25 metres in that direction. Details of the 1965 drilling, including hole locations and depths, as well as widths and grades of mineralized intersections, are not available.

The technical information in this news release has been written and/or reviewed by Mike Magrum, P.Geo., a Qualified Person as defined in NI 43-101. Note: Grab samples are selective by nature and are unlikely to represent average grades on the property. Historic results are not 43-101 compliant and cannot be relied upon.

You can now find Soldi Ventures Inc. on Twitter at: http://twitter.com/soldiventures

Soldi Ventures Inc. (TSX VENTURE:SOV) is a Canadian junior exploration company focused on discovering gold and graphite deposits in politically safe jurisdictions.

On behalf of the board of SOLDI VENTURES INC.

Charles Desjardins, President

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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...
In his keynote at 16th Cloud Expo, Rodney Rogers, CEO of Virtustream, discussed the evolution of the company from inception to its recent acquisition by EMC – including personal insights, lessons learned (and some WTF moments) along the way. Learn how Virtustream’s unique approach of combining the economics and elasticity of the consumer cloud model with proper performance, application automation and security into a platform became a breakout success with enterprise customers and a natural fit for the EMC Federation.
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect their organization.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducted a live demonstration of how quickly application development can happen when the need to comply wit...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world and it starts with business models and monetization strategies.
Converging digital disruptions is creating a major sea change - Cisco calls this the Internet of Everything (IoE). IoE is the network connection of People, Process, Data and Things, fueled by Cloud, Mobile, Social, Analytics and Security, and it represents a $19Trillion value-at-stake over the next 10 years. In her keynote at @ThingsExpo, Manjula Talreja, VP of Cisco Consulting Services, discussed IoE and the enormous opportunities it provides to public and private firms alike. She will share what businesses must do to thrive in the IoE economy, citing examples from several industry sectors.
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
Akana has released Envision, an enhanced API analytics platform that helps enterprises mine critical insights across their digital eco-systems, understand their customers and partners and offer value-added personalized services. “In today’s digital economy, data-driven insights are proving to be a key differentiator for businesses. Understanding the data that is being tunneled through their APIs and how it can be used to optimize their business and operations is of paramount importance,” said Alistair Farquharson, CTO of Akana.
Business as usual for IT is evolving into a "Make or Buy" decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud business applications and services across multiple cloud delivery models.
The enterprise market will drive IoT device adoption over the next five years. In his session at @ThingsExpo, John Greenough, an analyst at BI Intelligence, division of Business Insider, analyzed how companies will adopt IoT products and the associated cost of adopting those products. John Greenough is the lead analyst covering the Internet of Things for BI Intelligence- Business Insider’s paid research service. Numerous IoT companies have cited his analysis of the IoT. Prior to joining BI Intelligence, he worked analyzing bank technology for Corporate Insight and The Clearing House Payment...
"Optimal Design is a technology integration and product development firm that specializes in connecting devices to the cloud," stated Joe Wascow, Co-Founder & CMO of Optimal Design, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault's exclusive single-platform architecture gives companies unp...
Electric Cloud and Arynga have announced a product integration partnership that will bring Continuous Delivery solutions to the automotive Internet-of-Things (IoT) market. The joint solution will help automotive manufacturers, OEMs and system integrators adopt DevOps automation and Continuous Delivery practices that reduce software build and release cycle times within the complex and specific parameters of embedded and IoT software systems.
"ciqada is a combined platform of hardware modules and server products that lets people take their existing devices or new devices and lets them be accessible over the Internet for their users," noted Geoff Engelstein of ciqada, a division of Mars International, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet conditions, Dyn ensures traffic gets delivered faster, safer, and more reliably than ever.