SOMA GOLD Updates Exploration Results
SOMA GOLD UPDATES EXPLORATION
RESULTS
VANCOUVER, BC
,
May 17, 2022
/CNW/ -
Soma Gold Corp.
(TSXV: SOMA) (WKN: A2P4DU)
(OTC: SMAGF) (the "
Company
" or "
Soma
") is pleased to announce new drilling results from the
ongoing exploration program at the Estrella-Diamantina mineralized trend within the Company's Zara
property in Antioquia,
Colombia
.
Highlights
Drilling and channel sampling has defined a mineralized zone over
500m
in strike length and
250m
down-dip centered around the historic artisanal Diamantina Mine.
Best drill intercepts being reported include:
Drill hole ADDDH_21_33 intercepted
80.2g/t
gold over
0.4m
.
Drill hole ADDDH_21_46 intercepted
18.35g/t
gold over
0.76m
.
Systemic channel sampling completed by the Company in the Diamantina Mine has averaged
13.25g/t gold over
0.43m
. Detailed channel sampling results were reported on
April 4, 2020
,
August 4, 2021
and
February 10, 2022
.
In 2021 and 2022, Soma completed 14,450 meters of drilling (52 holes) along a 1.4km section of the
larger Estrella-Diamantina mineralized trend and conducted extensive underground channel sampling
in the Diamantina Mine. This exploration work has outlined a continuous hydrothermal quartz-
carbonate vein system in a zone of
500m
along strike and
250m
down-dip, in which high-grade gold
assay results have been obtained (values up to 80g/t gold).
Javier Cordova
, Soma's CEO, states, "These exploration results indicate the presence of another
high-grade vein structure approximately 2km south of our El Limón Mine and Mill, which are currently
on care and maintenance. The El Limón Mine produced gold for more than 50 years. Both vein
systems are also proximal to the district scale Otú Fault, which is associated with numerous
significant gold deposits in the area, including the Segovia deposits of GCM Mining. The success of
this drill program has reinforced our belief that our 29,000ha Zara property has the potential to host
multiple new gold discoveries."
Alacrán-Diamantina Exploration
The current Alacrán-Diamantina exploration program focuses on a 1.4km section at the southern
end of the larger 7 -km Estrella-Diamantina mineralized trend (see map #1). To date,
14,450m
of
diamond drilling (52 holes) has been completed. Including this news release, results for
12,934m
(46
holes) have been reported. Assay results are pending for six completed holes (
1,514m
), and an
additional six holes (~2,000m) are planned to complete the current drilling program.
In addition to the drilling program, the Company completed a systematic underground channel
sampling program of the vein being mined at the historic Diamantina Mine. Channel samples within
the mine averaged 13.25g/t Au over
0.43m
. Detailed channel sampling results were reported on
April 4, 2020
,
August 4, 2021
, and
February 10, 2022
.
This exploration has outlined a continuous mineralized zone with dimensions of
500m
along strike and
250m
down-dip, centered around the Diamantina Mine. Drilling results and underground channel
sampling from inside the Diamantina Mine indicate vein continuity with high-grade values and suggest
that the vein structure is open along strike to the south and down-dip
(see cross-section #1)
.
Drill highlights include:
Drill hole ADDDH_21_32 intersected 0.68 meters, from
213.92m
to
214.60m
, of milky quartz-
carbonate vein with veining of sulphides, mainly pyrite and sphalerite, grading
4.37g/t Au.
Drill hole ADDDH_21_33 intersected 0.40 meters, from
188.70m
to
189.10m
, of milky quartz-
carbonate vein with sulphides veining, mainly pyrite, galena and sphalerite, grading
80.2 g/t Au
(see picture #1).
Drill hole ADDDH_21_34 intersected 0.30 meters, from
60.38m
to
60.68m
, of milky quartz-
carbonates vein with scarce pyrite, grading 0.64g/t Au.
Drill hole ADDDH_21_46 intersected 0.76 meters, from
143.30m
to
144.06m
, of milky quartz-
carbonates vein with semi-massive pyrite, galena and sphalerite, grading
18.35g/t Au (see
picture #1).
Table #1. List of significant drill hole intercepts from Alacrán-Diamantina drill program
(1)
Location
Hole ID
From
To
Length
(3)
From
To
Length
(3)
Au
(m)
(m)
(m)
(ft)
(ft)
(ft)
(g/t)
Alacrán-
Diamantina
ADDDH_21_01
(2)
48.3
49
0.7
158.47
160.77
2.3
5.43
ADDDH_21_02
(2)
105.2
105.95
0.75
345.16
347.62
2.46
13.85
ADDDH_21_03
(2)
100.3
101.6
1.3
329.08
333.35
4.27
1.96
Including
100.3
101
0.7
329.08
331.38
2.3
0.98
Including
101
101.6
0.6
331.38
333.35
1.97
3.1
ADDDH_21_04
(2)
10.5
10.9
0.4
34.45
35.76
1.31
4.28
and
20.4
21.2
0.8
66.93
69.56
2.62
6.09
ADDDH_21_05
(2)
210.15
210.98
0.83
689.5
692.23
2.72
7.92
ADDDH_21_20
207.7
208
0.3
681.42
682.41
0.98
0.79
ADDDH_21_23
212.83
214.08
1.25
698.25
702.35
4.10
0.91
ADDDH_21_32
213.92
214.6
0.68
701.83
704.06
2.23
4.37
ADDDH_21_33
188.7
189.1
0.4
619.09
620.40
1.31
80.2
ADDDH_21_34
60.38
60.68
0.3
198.09
199.08
0.98
0.64
ADDDH_22_46
143.3
144.06
0.76
470.14
472.63
2.49
18.35
1)
Table includes vein intercepts in excess of 0.5 g/t gold.
2)
Results of 7 holes (2,450m) previously reported on August 4, 2021.
3)
Lengths reported are drilled core lengths and not necessarily true widths. Drill holes were oriented to be perpendicular to the dip of the veins and management believes the
reported intersections approximate their true widths.
Map #1: Plan view of Alacrán-Diamantina High grade zone (CNW Group/Soma Gold Corp.)
Cross-section #1. North to South cross-section showing results of current drill program (CNW
Group/Soma Gold Corp.)
Left: rock-core of drill hole ADDDH_22_46. Right: Detailed mineralization with pyrite, galena and
sphalerite in drill hole ADDDH_22_33 (CNW Group/Soma Gold Corp.)
QA/QC CONTROLS
For exploration core drilling, the company applied its standard protocols for sampling and assay. NQ
core is sawn or split with one-half shipped to a sample preparation laboratory in
Medellin
run by ALS
Colombia Limited ("ALS"). Channel samples were collected by hand using hammer and chisel
perpendicularly across exposed mineralized quartz-carbonate vein to best represent the true width.
Channel sample locations were surveyed using total station. Each sample location have been
photographed with channel traces painted to indicate the location and orientation of each sample.
Samples are then shipped for analysis to an ALS-certified assay laboratory in
Toronto, Canada
and
Lima
, Perú. The samples were analyzed for gold using OREAS standard fire-assay on a 50-gram
sample with an AA finish. Multi-element geochemistry was determined by ICP-MS using either aqua
regia (ME-MS41) or four acid (ME-MS61) digestions. Blanks, duplicates and certified reference
standards are inserted into the sample stream to monitor laboratory performance. Comparison to
control samples and their standard deviations indicates acceptable accuracy of the assays and no
detectable contamination. The remainder of the core is stored in a secured storage facility for future
assay verification.
Mr.
Paulo J. Andrade
, P.Geo. and Member # 6136 of AIG, BSc Geologist, is a consultant to the
Company and a Qualified Person as defined by National Instrument 43-101. Mr. Andrade is satisfied
that the analytical procedures and best practices used are standard industry methodologies, and he
has reviewed and approved the technical information disclosed in this news release.
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 property near Tucuma, Para State,
Brazil
that is currently
under option to Ero Copper Corp.
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 06:20e 17-MAY-22