Soma Gold Initiates Covid Vaccinations for All Employees and Their Families at The El Bagre, Colombia, Mine Produced 4,020 AuEq Ounces in Q2 2021
Soma Gold Initiates Covid Vaccinations for All
Employees and Their Families at The El Bagre,
Colombia, Mine
Produced 4,020 AuEq Ounces in Q2 2021
VANCOUVER, BC
,
July 8, 2021
/CNW/ -
Soma Gold Corp.
(TSXV: SOMA) (WKN: A2P4DU) (OTC:
SMAGF) (the "
Company
" or "
Soma
") is pleased to announce that it is participating in a program
initiated by leading Colombian companies in cooperation with the Colombian Government to provide
Covid-19 vaccinations to its employees working at the Company's El Bagre mine site and their
families. This program includes acquiring, importing and administering the vaccines at a clinic in El
Bagre.
The Company also announces that during the second quarter ending
June 30, 2021
, it produced
4,020 AuEq ounces and sold 3,799 AuEq ounces.
Construction progress at the Fenix and Athena portals accelerated during the quarter, with the Fenix
decline expected to reach the vein at Level 2 at the southern end of the deposit by the end of July
and the Athena decline scheduled to reach Level 2 at the northern end of the deposit by
September
2021
. Full production of 400 TPD from the Cordero mine is expected before the end of the year. The
grade at Cordero is expected to be between 6.5 and 8.5 gpt Au.
Javier Cordova
, Soma's President and CEO, states, "The Company has managed well through the
Covid-19 pandemic with rigid health and safety protocols and is very pleased to be able to offer its
employees and their families access to the vaccine. We are thankful to the Colombian Government
and our other business partners for making this cooperative program possible. It will be a great
relief for all when the team in
Colombia
is fully vaccinated." Mr. Cordova also states, "We are
pleased with the significant progress made on accessing the Cordero deposit. The 400 TPD we plan
to mine at Cordero will supplement the 300-350 TPD we are presently mining at the Mangos Mine. It
should allow the Company to increase throughput to 650 TPD in the first half of 2022 by re-starting
the El Limon mill. In addition, the average grade will increase as the grade at Cordero is more than
50% higher than the grade at Mangos. These accomplishments are anticipated to have a dramatic
and positive effect on AuEq production and profitability."
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.
The Company also owns an exploration and development property near Tucuma, Para State,
Brazil
.
On behalf of the Board of Directors
"Javier Cordova Unda"
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:
please contact Andrea Laird, telephone: +1-604-259-0302
CO: Soma Gold Corp.
CNW 07:00e 08-JUL-21