Business
Soma Gold Provides a Corporate Update
Soma Gold Provides a Corporate Update Canada NewsWire VANCOUVER, BC ...
About this update from Soma Gold Corp.
[{"type":"text","content":"\n \n \n \n Soma Gold Provides a Corporate Update\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.prngen2{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: MIDDLE; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP-COLOR:; VERTICAL-ALIGN: TOP; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-RIGHT-COLOR:; PADDING-RIGHT:0.50em\n}\n.prntbls{\nBORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n June 10, 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 provide a corporate update on the various activities and accomplishments of the Company.\n \n \n \n Highlights\n \n \n \n \n Q1 2021 Revenue of\n \n $9.75 million\n \n , generating EBITDA of\n \n $3.16 million\n \n and adjusted EBITDA of\n \n $3.22 million\n \n for the Quarter\n \n (1)\n \n .\n \n \n Drilling results at the Cordero deposit have expanded known\n \n gold mineralization 120 meters down-dip\n \n from the current resource, where vein continuity and high grade remains open at depth. (See previous press releases)\n \n \n Drilling results from the Estrella – Diamantina trend\n \n corroborate the vein extension model over 2 km south\n \n of the El Limon mine\n \n .\n \n \n \n Construction progresses on both the Atena and Fenix portals to access the Cordero deposit with feed expected to be shipped to the mill in\n \n September 2021\n \n .\n \n \n Exploration and mapping at the Limoncito and El Muro mines in the southern part of the Company's 29,000 Ha property indicate a continuity of the high grade vein systems (and have become a primary exploration target for the 2022 Exploration program).\n \n \n Application for the permits to build the mine infrastructure at the Company's wholly o...