VANCOUVER, BC, Dec. 5, 2023
/CNW/ - Soma Gold Corp. (TSXV: SOMA) (WKN: A2P4DU) (OTC:
SMAGF) (the "Company" or "Soma") is pleased to
announce that its subsidiary Operadora Minera SAS ("Operadora") has
been awarded the highest "Sustainability Seal" certification from
the regional environmental authority CORANTIOQUIA. This recognition
is a testament to the Company's commitment to sustainability and
responsible practices at its El Bagre gold mining operation located
in Antioquia, Colombia.
The "Sustainability Seal" is only given to organizations that
demonstrate outstanding sustainability performance, surpassing
regulatory requirements within the jurisdiction of CORANTIOQUIA.
Following a thorough assessment and evaluation of Operadora's
environmental management programs, CORANTIOQUIA has awarded
Operadora the highest level of certification (AAA) for the first
time.
Javier Cordova, President and CEO
of SOMA, states: "We are honored to receive this prestigious
certification from CORANTIOQUIA. It reflects our team's hard work
and dedication to responsible and sustainable mining practices.
Environmental stewardship is a fundamental value at Soma, and we
remain steadfast in our pursuit of innovative methods to minimize
our impact, protect biodiversity, and contribute to the well-being
of local communities.
Operadora has implemented a range of initiatives aimed at
reducing its environmental footprint, enhancing energy efficiency,
and ensuring proper waste management at the El Bagre operation.
These efforts include activities such as riverside reforestation,
the installation of a water treatment plant, and the transition to
more environmentally friendly technologies. Soma is further
dedicated to fostering transparent communication with local
stakeholders and actively funds social programs focused on health,
education, and economic development in the region.
The Company also announces that a company controlled by C.
Geoffrey Hampson, the Executive
Chairman of the Board, intends to privately sell up to 1 million
shares of the Company, to an arms-length party for Estate and Tax
Planning purposes. Mr. Hampson holds 18,194,619 shares (directly
and indirectly) and 1,093,666 Share Purchase Options (19.92% of
Issued and 19.76% of the fully diluted shares).
ABOUT SOMA GOLD
Soma Gold Corp. (TSXV: SOMA) is a mining company focused on gold
production and exploration. The Company owns two adjacent mining
properties in Antioquia, Colombia
with a combined milling capacity of 675 tpd. (Permitted for 1,400
tpd). The El Bagre Mill is currently operating and producing.
Internally generated funds are being used to finance a regional
exploration program.
With a strong commitment to sustainability and community
engagement, Soma Gold Corp. is dedicated to achieving excellence in
all aspects of its operations.
The Company also owns an exploration property near Tucuma, Para
State, Brazil that is currently
under option to Ero Copper Corp.
On behalf of the Board of Directors
"Javier Cordova Unda"
Chief Executive Officer and
President
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy
or
All statements, analysis and other information contained in
this press release about anticipated future events or results
constitute forward-looking statements. Forward-looking statements
are often, but not always, identified by the use of words such as
"seek", "anticipate", "believe", "plan", "estimate", "expect" and
"intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar
expressions. Forward-looking statements are subject to business and
economic risks and uncertainties and other factors that could cause
actual results of operations to differ materially from those
contained in the forward-looking statements. Forward-looking
statements are based on estimates and opinions of management at the
date the statements are made. The Company does not undertake any
obligation to update forward-looking statements even if
circumstances or management's estimates or opinions should change
except as required by applicable laws. Investors should not place
undue reliance on forward-looking statements.
SOURCE Soma Gold Corp.