Soma Gold drills high-grades at Colombia mine

Drilling by Canada’s Soma Gold (TSXV: SOMA) at its Cordero mine in central Colombia returned a highlight result of 7.5 grams per tonne gold over six metres.

That intercept, from 176.6 metres depth in hole RVICDDH-25-040, also cut 10.2 grams per tonne silver, Soma said Wednesday in a statement. Another hole, RVICDDH-25-042, returned 6.7 grams gold and 9.9 grams silver over 2.6 metres from 169 metres downhole.

The results from the so-called Venus Gap zone extend the dip of the vein by about 135 metres, the company said. Cordero is part of a 410-sq.-km property located next to Aris Mining’s (TSX: ARIS) Segovia deposit.

“Drilling in the Venus Gap zone continues to return the broadest, high-grade intervals in the mine,” Chris Buchanan, the company’s vice president of exploration, said in the statement. “Extending this zone down dip adds resources to the mine plan and supports development of deeper levels of the Venus and Venus Gap veins.”

Small mines

Vancouver-based Soma also said its exploration team is evaluating numerous small-scale mines near the Machuca property, with drilling ongoing at the Colossa and Colossa 2 informal mines. Three high-priority gold anomalies close to informal mines were identified in the regional soil survey.

Commercial production at Cordero, part of the company’s El Bagre gold mining complex, began in January 2023. Soma is targeting annual output of 25,000-30,000 oz. at Cordero over the 2025-2030 period, according to an investor presentation posted on the company’s website.

Soma Gold fell 0.7% to C$1.35 in Toronto Wednesday morning, giving the company a market capitalization of about C$125 million. The stock has ranged from C$0.42 to C$1.40 in the past year.