SOMA Announces Acquisition of Adjacent Mineral Rights in Antioquia, Colombia, Increasing Property Package to 41,427 Ha Along the Otu Fault
SOMA ANNOUNCES ACQUISITION OF
ADJACENT MINERAL RIGHTS IN ANTIOQUIA,
COLOMBIA, INCREASING PROPERTY
PACKAGE TO 41,427 Ha ALONG THE OTU
FAULT
VANCOUVER, BC
,
April 10, 2025
/CNW/ -
Soma Gold Corp.
(TSXV: SOMA) (WKN: A2P4DU)
(OTC: SMAGF) (the "
Company
" or "
Soma
") is pleased to announce that it has completed the
purchase of two additional mining concessions from Grupo de Bullet SAS. These concessions are
contiguous to the mining concession acquired by Soma's Colombian subsidiaries on
May 10, 2023
.
The consideration for the acquisition was
US$50,000
plus a 2% NSR, which may be reduced to 1%
at any time through a
US$1 million
payment. These concessions follow the OTU Fault, a crustal-
scale fault structure that controls quartz veins and gold mineralization in the region. The acquisition of
these concessions expands Soma's coverage along the main mineral-bearing structure, which
extends from Aris Mining's (TSX: ARIS) Segovia Mine to Mineros' (TSX: MSA) alluvial concessions
located 36 km to the north.
Soma also announces that the negotiations to acquire and process mineralized rock from Denarius
Metals Corp's (CBOT: DMET) Zancudo Mine have been terminated due to restrictions under
Denarius' offtake agreement with Trafigura. Feed for the El Limon Mill will instead come from surplus
production at the Cordero and Aurora Mines, as well as other formalized mines on the Company's
property.
Chris Buchanan
, Vice-President of Exploration for Soma, states, "Ongoing drilling at the Colossa
Mine indicates that the down-dip projection of the vein system extends to the northwest onto these
new mining concessions. Our exploration team is excited to follow the veins onto these licenses. In
addition, a regional soil grid contains anomalies along the northwestern edge, suggesting potential
for new vein discoveries on these mining concessions. As a result, they have been included in our
geophysics and LIDAR surveys, currently underway."
Qualified Person Statement
Mr.
Chris Buchanan
, P.Geo, is Soma's Vice-President of Exploration and a Qualified Person as
defined by National Instrument 43-101. Mr. Buchanan has reviewed the technical information
disclosed in this press release.
Soma Concessions, including newly acquired concessions. (CNW Group/Soma Gold Corp.)
ABOUT SOMA GOLD
Soma Gold Corp. (TSXV: SOMA) is a mining company focused on gold production and exploration.
The Company owns two adjacent mining properties in Antioquia,
Colombia
with a combined milling
capacity of 675 tpd. The El Bagre Mill is currently operating and producing. Internally generated
funds are being used to finance a regional exploration program.
With a solid commitment to sustainability and community engagement, Soma Gold Corp. is
dedicated to achieving excellence in all aspects of its operations.
The Company also owns an exploration property near Tucuma, Para State,
Brazil
that is currently
under option to Ero Copper Corp.
On behalf of the Board of Directors
"Geoff Hampson"
Chief Executive Officer and President
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.
All statements, analysis and other information contained in this press release about anticipated
future events or results constitute forward-looking statements. Forward-looking statements are
often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan",
"estimate", "target", "expect" and "intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking
statements are subject to business and economic risks and uncertainties and other factors that
could cause actual results of operations to differ materially from those contained in the forward-
looking statements. Forward-looking statements are based on estimates and opinions of
management, contractors and consultants at the date the statements are made. The Company
does not undertake any obligation to update forward-looking statements even if circumstances or
management's estimates or opinions should change except as required by applicable laws.
Investors should not place undue reliance on forward-looking statements.
SOURCE
Soma Gold Corp.
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For further information:
For further information, please contact Andrea Laird, telephone: +1-604-
259-0302
CO: Soma Gold Corp.
CNW 05:20e 10-APR-25