Canada's Soma Gold reports high-grade drill results at Colombian gold project

Published: 2025-06-14 01:50:06 ET SOMA.V

Published on 06/14/2025 at 01:50

Soma Gold (TSXV: SOMA) has achieved a standout drilling result of 7.5 g/t gold over 6.0m from 176.6m depth in hole RVICDDH‑25‑040 at its Cordero mine, signalling ongoing expansion of the Venus Gap vein extension by 135m, company filings confirmed on June 11, mining.com reported.

In the same area, hole RVICDDH‑25‑042 returned 6.7 g/t gold and 9.9 g/t silver over 2.6m from 169m, according to the CNW (Canada Newswire) release.

Cementing its growth case, Soma reported 12 underground diamond holes totalling 2,848m, primarily focused on testing the dip extension of the lower Venus Gap zone

The mineralised zone now extends roughly 135m deeper, supporting resource addition and access to deeper levels, said Chris Buchanan, vice‑president of exploration.

Soma is also evaluating nearby artisanal targets, including Colossa and Colossa 2, leveraging soil geochemistry to identify three high‑priority gold anomalies.

Operationally, Cordero began commercial production in January 2023 and is targeting annual output of 25,000–30,000 oz over 2025–30, as per the company’s investor presentation.

On the Toronto Venture Exchange, Soma shares declined 0.7% to C$1.35, equivalent to about $0.99. That values the company at roughly C$125mn (≈$91mn), with its 52‑week trading range between C$0.42–C$1.40 (≈$0.31–$1.02) .