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Soma Gold Corp V.SOMA

Alternate Symbol(s):  SMAGF

Soma Gold Corp. is a Canada-based mining company. The Company is focused on gold production and exploration. It is engaged in the business of acquiring, exploring, developing, and operating mining properties in South America. It owns two adjacent mining properties in Antioquia, Colombia with a combined milling capacity of 675 tpd. The Company's principal operation is the El Bagre Gold Mining Complex (El Bagre), which consists of an operating gold processing plant (the El Bagre Mill) and the Cordero underground mine. The El Limon Project (El Limon) is adjacent to the El Bagre Project and includes a past producing underground mine and a gold processing plant with a capacity of approximately 225 tpd. The Company also owns an exploration property, Tucuma Exploration Project (Tucuma) copper/gold exploration project, which is located in the Carajas metallogenic province in the State of Para, Brazil.


TSXV:SOMA - Post by User

Post by jongguaon Jan 05, 2023 3:49pm
164 Views
Post# 35205453

new reserves

new reservesi was hoping for 600K. but keep in mind they mined maybe 100K since 2019 last report. n now have 400K. so an additionaal 500K basically. 

better, not huge. also eager for hopefully near future deeper drilling inside cordero chasing existing vein down. if it goes down to 400m or 600m a really big deal to maybe double/triple reserves.

also didn't realize it was a true PEA on cordero.

the main thing is they do everything so cheaply cumulatively that we are minting money as a company. year after year. these guys are serious miners, not just lifestyle wanna be gold miners up in canada. Love it n holding  long n strong.

my only regret that i can't at this time buy more.
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