Soma Gold Corp's Cordero Mine Drilling Success Highlights Growth and Resource Potential
- Soma Gold Corp. reports successful drilling at Cordero mine, enhancing its resource potential and strategic position in Colombia.
- Recent drill results include 7.5 g/t gold over 6.0 meters, extending the Venus Gap vein by 135 meters.
- Soma Gold aims to increase production to 25,000-30,000 ounces annually from 2025 to 2030, bolstered by ongoing exploration.
Significant Drilling Success at Cordero Mine Reinforces Soma Gold's Growth Potential
Soma Gold Corp. announces notable drilling achievements from its Cordero mine in Colombia, underscoring the project’s expanding resource potential. The recent results showcase the successful extension of the Venus Gap vein, with hole RVICDDH‑25‑040 returning 7.5 grams per tonne (g/t) of gold over a 6.0-meter interval at a depth of 176.6 meters. This extension of the vein by 135 meters not only highlights the mineralization potential within the Cordero mine but also bolsters Soma Gold’s strategic position in the Colombian gold mining sector. The results from this drilling campaign are expected to contribute valuable insights for enhancing resource estimates, which could ultimately lead to increased production capabilities.
In addition to the promising findings from hole RVICDDH‑25‑040, other drilling results further support the viability of the Cordero project. Hole RVICDDH‑25‑042 produced 6.7 g/t gold and 9.9 g/t silver over 2.6 meters, showcasing the richness of the mineralization in the area. Soma Gold has undertaken a total of 12 underground diamond drill holes, spanning 2,848 meters, primarily targeting the lower extension of the Venus Gap zone. According to Chris Buchanan, the company’s vice-president of exploration, the focus on this area is intended to facilitate access to deeper mineralization, enhancing the overall resource base and production potential of the Cordero mine.
Furthermore, Soma Gold is actively exploring nearby artisanal targets, specifically the Colossa and Colossa 2 sites, using soil geochemistry to identify three high-priority gold anomalies. This exploration initiative aligns with the company's long-term goals of increasing its annual production output, which aims for 25,000 to 30,000 ounces from 2025 to 2030. As Soma Gold continues to develop its resource base and expand its operational footprint, the recent drilling success at Cordero positions the company favorably for future growth within the competitive landscape of gold mining in Colombia.
In related updates, Soma Gold has been in commercial production at the Cordero mine since January 2023, marking a significant milestone for the company. Despite a slight dip in share value, with a 0.7% decline to C$1.35, Soma's market capitalization remains robust at approximately C$125 million. The company’s stock has experienced a trading range between C$0.42 and C$1.40 over the past year, reflecting market interest in its developmental progress. The ongoing exploration and drilling results signal a positive trajectory for Soma Gold as it seeks to solidify its position in the market.
