Soma Updates Exploration Results
Soma Updates Exploration Results
Highlights Include 0.6 Meters @ 50.4 gpt and
0.3 Meters @ 23.0 gpt
VANCOUVER, BC
,
March 18, 2021
/CNW/ -
Soma Gold Corp.
(TSXV: SOMA) (OTC: SMAGF)
(WKN: A2P4DU) (the "
Company
" or "
Soma
") is pleased to announce new drilling results for the on-
going exploration program at the Company's properties in Antioquia,
Colombia
.
Highlights
Drilling results at the Cordero-Balvina project continues to demonstrate the continuity of high
gold grades at depth.
Drill hole LDDH_21_04
(
0.6m
of 50.4g/mt gold and
0.3m
of 23.0g/mt gold)
has confirmed the
vein continuity below the deepest level of Limon mine.
First drill hole at Alacran-Diamantina has intercepted
5.43g/mt gold over
0.70m
.
Cordero-Balvina Project
The current round of drilling at Cordero-Balvina commenced in early
November 2020
. The fifteen drill
holes, totaling
4,200 m
, reported in this press release represent approximately 50% of the planned
program and was completed by the end of February. The remaining drilling (~4,000m) will be
completed by the end of
June 2021
. The Cordero-Balvina target is located 3km to the southeast of
the La Ye and Mangos operations.
The drilling has confirmed the continuity of the high grade gold at depth
(see cross-section #1)
which will be easily accessible through the new mine portal currently under construction. The high
grade mineralization remains open to the north and down-dip.
Highlights include:
Drill hole
BCDDH_21_104
intersected
2.30 meters
, from 186.10 to
188.40m
, of milky quartz-
carbonates vein with veining of sulphides mainly pyrite followed by galena and chalcopyrite and
small content of tellurides, grading
4.05 g/t Au
.
Drill hole
BCDDH_21_105
intersected
2.30 meters,
from 201.40 to
203.70m
, of milky quartz-
carbonates vein with veining of pyrite-galena-tellurides, grading
12.45 g/t Au.
The above includes
0.70 meters
of fine-grained veining of galena-tellurides, grading
33.20
g/t Au
, starting at 201.40 meters.
Drill hole
BCDDH_21_106
intersected
2.40 meters
, from 195.9 to
199.6m
, of milky quartz-
carbonates vein with veining of sulphides mainly fine-grained pyrite, galena and tellurides,
grading
2.37 g/t Au
.
The above includes
0.90 meters
of fine-grained veining of galena-tellurides, grading
18.35
g/t Au
, starting at 218.10 meters.
Results to date on the in-fill drilling program at Cordero-Balvina:
Location
Hole ID
From
To
From
To
Length
Length
Au
(m)
(m)
(ft)
(ft)
(m)
(ft)
(g/t)
BCDDH_20_092
215.2
216
706.07
708.70
0.80
2.62
0.76
BCDDH_20_093
198.4
201.4
650.95
660.79
3.00
9.84
4.60
Including
198.40
199.40
650.95
654.23
1.00
3.28
7.36
Including
199.40
200.40
654.23
657.51
1.00
3.28
3.70
Including
200.40
201.40
657.51
660.79
1.00
3.28
2.75
BCDDH_20_094
196.5
198.5
644.72
651.28
2.00
6.56
8.10
Including
196.50
197.50
644.72
648.00
1.00
3.28
14.20
Including
197.50
198.50
648.00
651.28
1.00
3.28
1.99
BCDDH_20_095
241.33
241.90
791.80
793.67
0.57
1.87
0.03
CORDERO BALVINA
BCDDH_20_096
213.00
214.50
698.85
703.77
1.50
4.92
13.47
Including
213.00
213.60
698.85
700.82
0.60
1.97
1.32
Including
213.60
214.20
700.82
702.79
0.60
1.97
20.40
Including
214.20
214.50
702.79
703.77
0.30
0.98
23.90
BCDDH_20_097
238.80
239.70
783.50
786.46
0.90
2.95
0.41
Including
238.80
239.10
783.50
784.49
0.30
0.98
0.57
Including
239.10
239.70
784.49
786.46
0.60
1.97
0.33
BCDDH_20_098
261.95
262.50
859.46
861.26
0.55
1.80
0.01
BCDDH_20_099
216.60
217.10
710.66
712.31
0.50
1.64
9.62
BCDDH_20_100
212.85
213.15
698.36
699.35
0.30
0.98
38.90
and
221.10
221.95
725.43
728.22
0.85
2.79
0.03
BCDDH_20_101
195.90
199.60
642.75
654.89
3.70
12.14
2.37
Including
195.90
196.90
642.75
646.03
1.00
3.28
1.15
Including
196.90
197.90
646.03
649.31
1.00
3.28
2.06
Including
197.90
198.90
649.31
652.59
1.00
3.28
0.50
Including
198.90
199.60
652.59
654.89
0.70
2.30
7.23
BCDDH_21_102
200.25
200.60
657.02
658.17
0.35
1.15
0.01
BCDDH_21_103
194.80
196.30
639.14
644.06
1.50
4.92
0.01
Including
194.80
195.55
639.14
641.60
0.75
2.46
0.01
Including
195.55
196.30
641.60
644.06
0.75
2.46
0.01
BCDDH_21_104
186.10
188.40
610.59
618.14
2.30
7.55
4.05
Including
186.10
186.70
610.59
612.56
0.60
1.97
0.60
Including
186.70
187.40
612.56
614.86
0.70
2.30
1.35
Including
187.40
188.40
614.86
618.14
1.00
3.28
8.02
BCDDH_21_105
201.40
203.70
660.79
668.34
2.30
7.55
12.45
Including
201.40
202.10
660.79
663.09
0.70
2.30
33.20
Including
202.10
202.75
663.09
665.22
0.65
2.13
2.45
Including
202.75
203.70
665.22
668.34
0.95
3.12
4.01
BCDDH_21_106
217.20
219.60
712.63
720.51
2.40
7.87
8.12
Including
217.20
218.10
712.63
715.59
0.90
2.95
3.23
Including
218.10
219.00
715.59
718.54
0.90
2.95
18.35
Including
219.00
219.60
718.54
720.51
0.60
1.97
0.12
*Widths reported are drilled core lengths. Drill holes were oriented to be perpendicular to the dip of the veins, and management believes the reported intersections approximate
their true widths.
West to East Cross-Section #1 showing the mineral resource classification of Cordero-Balvina
project made by RPA (see NI-43-101 report) and vein interception of drill-holes 105 and 106. (CNW
Group/Soma Gold Corp.)
Deep Limon Project
The Deep Limon project is located 14km to the southwest of the La Ye and Mangos operations. The
drilling program is designed to test the down-dip continuity of the historical El Limon vein. After a 3D
geological and structural modelling exercise incorporating old channel samples and underground
mapping, an initial drilling program of
3,000m
was designed. The four drill holes, totaling 1,480mm,
reported in this press release, represent approximately 50% of the planned program and were
completed by the end of February. Drill hole interceptions of the current program confirms the
presence of the Limon vein at the footwall of the
Victoria
fault, which was historically interpreted as
the down-dip limit of the deposit at the El Limon mine
(see cross-section #2).
Although further
drilling is needed to define potential mineral resources below the deepest level of the El Limon mine,
the preliminary results are encouraging as they confirm the potential down-dip extension of the high
grade El Limon vein.
Highlights include:
Drill hole
L
DDH_21_04
intersected
0.60 meters
, from 358.30 to
358.90m
, of milky quartz-
carbonates vein with veining of sulphides mainly pyrite and sphalerite, grading
50.40 g/t Au
, and
0.30 meters,
from 397.85 to
398.15m
of milky quartz-carbonates vein with sphalerite and pyrite
disseminated, grading
23.0 g/t Au.
Results to date on the in-fill drilling program at Deep Limon project:
Location
Hole ID
From
To
From
To
Length
Length
Au
(m)
(m)
(ft)
(ft)
(m)
(ft)
(g/t)
Deep Limon
LDDH_20_01
287.70
287.80
943.94
944.27
0.10
0.33
0.23
LDDH_20_02
No Significant Intercepts
LDDH_20_03
No Significant Intercepts
LDDH_20_04
358.30
358.90
1175.58
1177.55
0.60
1.97
50.40
and
397.85
398.15
1305.35
1306.33
0.30
0.98
23.0
* Widths reported are drilled core lengths. Drill holes were oriented to be perpendicular to the dip of the veins, and management believes the reported intersections approximate
their true widths.
West to East Cross-Section #2 showing vein interceptions of drill hole LDDH_21_004, confirming the
vein continuity at the footwall of Victoria fault. (CNW Group/Soma Gold Corp.)
Alacran-Diamantina Project
The Alacran-Diamantina project is located to the south of the El Limon mine. The presence of high
gold grade was historically exploited by small miners' workings (Alacran, Delirios and Diamantina).
Soma's team has built a new 3D model integrating old channel samples, mapping and mining data
for this under explored mineralized trend. The planned drilling program of
3,500m
is aimed to test the
down-dip continuity of the main mineralized trend that was mined in the past by local miners
(see
cross-section # 3)
.
The drilling commenced in February with drill hole ADDDH_21_01. This first drill hole intercepted a
quartz-carbonate vein with disseminated pyrite, sphalerite and galena which was projected based on
the geological modelling. The drilling program will be completed by the end of
June 2021
.
Results to date on the drilling program at Alacran-Diamantina project:
Location
Hole ID
From
To
From
To
Length
Length
Au
(m)
(m)
(ft)
(ft)
(m)
(ft)
(g/t)
AD
ADDDH_21_01
48.30
49.00
158.47
160.77
0.70
2.30
5.43
*Widths reported are drilled core lengths. Drill holes were oriented to be perpendicular to the dip of the veins, and management believes the reported intersections approximate their
true widths.
North to South cross-section #3 showing the under explored Alacran-Diamantina mineralized trend
and vein interception of drill hole ADDDH_21_01. Planned drill holes will be completed by the end of
Q2. (CNW Group/Soma Gold Corp.)
Javier Cordova
, Soma's President and CEO, states, "the latest drill results corroborate the
geological modelling and the thesis of continuity of the mineralized trend along the Otu Valley fault
system. The geological modelling, supported by the sampling taken in the historical small miner
workings, suggests that vein widths and grades continue over more than 2 km of the company's
property. This section represents about 15% of the Company's mineral rights in the Otu Valley. The
team is very encouraged by these results and look forward to continued success as the drilling
program continues to build out a picture of the resource."
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"). 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 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 detectible contamination. The remainder of the core is stored in a
secured storage facility for future assay verification.
Mr.
Edwin Naranjo Sierra
, FAusIMM, MSc, Senior geologist, Director of Exploration for Soma Gold
Corp. is the Qualified Person, within the meaning of NI 43-101. Mr. Naranjo 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 will be 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:
For further information, please contact Andrea Laird, telephone: +1-604-
259-0302
CO: Soma Gold Corp.
CNW 06:15e 18-MAR-21