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SOMA GOLD RECEIVES FIRST SHIPMENT FROM FORMALIZED SMALL MINE AT EL LIMON
SOMA GOLD RECEIVES FIRST SHIPMENT FROM FORMALIZED SMALL MINE AT EL LIMON Canada NewsWire ...
About this update from Soma Gold Corp.
[{"type":"text","content":"\n\n\nSOMA GOLD RECEIVES FIRST SHIPMENT FROM FORMALIZED SMALL MINE AT EL LIMON\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\n\n\n\n\n\nCanada NewsWire\n\n\nHighlights:First small mine completed formalization process Ore sorting equipment arrives in ColombiaNechi Permit Application pendingVANCOUVER, BC, March 12, 2026 /CNW/ - Soma Gold Corp. (TSXV: SOMA) (WKN: A2P4DU) (OTC: SMAGF) (the \"Company\" or \"Soma\") is pleased to announce that the first delivery of mined material from the formalized Diamantina Mine has been received at the El Limon Mill in Zaragoza, Antioquia, Colombia. The Diamantina Mine was formalized under Colombian law after more than five years of effort. The formalization contract allows Soma to purchase mineralized rock in exchange for a percentage of the gold contained in each shipment. The Diamantina Mine is permitted to produce up to 40 MT of material per day, with the objective of reaching this production rate by mid-year. In the interim, 1,700 MT of stockpiled material produced at Diamantina is currently being transported to the mill for processing.\n\n\n\n\n\n\n\nDiamantina is the first of 24 small mines, in various stages of formalization. The other mines in the process account for 23 of the approximately 60 small mines operating on Soma's 43,000-hectare property. The Company expects several other small mines nearing the end of the formalization process to start supplying El Limon later this year. In addition, other small mines are expected to initiate the formalization process with the Company. Soma restarted the El Limon Mill in Q3 2025 to increase the Company's total milling capacity and thereby accommodate the material produced by the Aurora and Escondida mines, which are owned by the Company, as well as the feed expected from the formalized small miners.Supply from these sources may be processed at the El Limon Mill or at the Company's El Bagre Mill, where ore sorting equipment is being installed. The equipment has arrived in Colombia and is expected to be installed and tested by mid-2026. The Company expects full commercialization of the ore s...