SOMA GOLD Announces Successful Resolution and the Lifting of the Blockade at the Cordero MINE and El Bagre GOLD Complex
SOMA GOLD ANNOUNCES SUCCESSFUL
RESOLUTION AND THE LIFTING OF THE
BLOCKADE AT THE CORDERO MINE AND EL
BAGRE GOLD COMPLEX
VANCOUVER, BC
,
July 10, 2024
/CNW/ -
Soma Gold Corp.
(TSXV: SOMA) (WKN: A2P4DU)
(OTC: SMAGF) (the "
Company
" or "
Soma
") is pleased to announce that, in cooperation with the
Mayor and Municipality of Zaragoza and the local community, the issues pertaining to the paving of a
local road have been resolved, and the blockade has now been lifted. The Company's workers will
return to work for the Wednesday morning shift, and regular production is expected to ramp up by
Wednesday.
The Company extends its gratitude to all the participants in the negotiations that led to this
settlement. Management is pleased with the collaborative approach demonstrated in addressing the
community's concerns and allowing employees to get back to work.
Geoff Hampson
, Soma President and CEO, states, "While this temporary suspension of work is
expected to result in the loss of approximately 700 ounces of AuEq production, we are confident that
this shortfall can be recovered during the remainder of the year. As a result, we are maintaining our
guidance for F2024."
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. (Permitted for 1,400 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", "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 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 06:15e 10-JUL-24