Business
Soma Gold Announces That the Fenix Portal at Cordero Mine Has Reached the Vein at Level 2
Soma Gold Announces That the Fenix Portal at Cordero Mine Has Reached the Vein at Level 2...
About this update from Soma Gold Corp.
[{"type":"text","content":"\n \n \n \n Soma Gold Announces That the Fenix Portal at Cordero Mine Has Reached the Vein at Level 2\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n The Atena Portal accessing level 2 at the Southern end of the Cordero Mine is scheduled to be completed by\n \n September 2021\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n July 27, 2021\n \n /CNW/ -\n \n Soma Gold Corp.\n \n (TSXV: SOMA) (WKN: A2P4DU) (OTC: SMAGF) (the \"\n \n Company\n \n \" or \"\n \n Soma\n \n \") is pleased to announce that the construction of the Fenix Portal, accessing the Cordero mine, has reached Level 2, encountering the vein as expected and allowing the beginning of mining operations. Additional development work is needed to drift along Level 2 to allow access to the stopes and commence full mining operations. During this step, the mineralized rock will be extracted and processed. This development work will be completed in\n \n August 2021\n \n . The Fenix portal will also intersect the vein at Level 3. Level 3 is 310 meters away and is expected to be completed in\n \n September 2021\n \n . The Atena Portal will also access Level 2 at the opposite end of the deposit and is presently only 90 meters from the vein. As development and mining continue, the two portals will be connected underground. Full production of 400 TPD is expected to be achieved by the end of 2021.\n \n \n \n \n \n \n \n \n \n \n Javier Cordova\n \n , President and CEO of Soma, states, \"The completion of the Fenix portal is an important milestone for Soma as we transition to mechanized mining. The Cordero mine production rate will increase to 400 TPD by Q4 2021, which will supplement the current 325 TPD production from the La Ye and Mangos mines. The additional ore will allow Soma to fully utilize its installed milling capacity of 650-700 TPD. The ore from Cordero Mine is higher grade than the ore from Mangos and La Ye mines resulting in a higher average grade and a doubling of through-put. We expect a strong finish to 2021 and excellent prospects for 20...