- Drilling and channel sampling has defined a mineralized zone over 500m in strike length and 250m down-dip centered around the historic artisanal
Diamantina Mine . - Best drill intercepts being reported include:
- Drill hole ADDDH_21_33 intercepted 80.2g/t gold over 0.4m.
- Drill hole ADDDH_21_46 intercepted 18.35g/t gold over 0.76m.
- Systemic channel sampling completed by the Company in the
Diamantina Mine has averaged 13.25g/t gold over 0.43m. Detailed channel sampling results were reported onApril 4, 2020 ,August 4, 2021 andFebruary 10, 2022 .
In 2021 and 2022, Soma completed 14,450 meters of drilling (52 holes) along a 1.4km section of the larger Estrella-Diamantina mineralized trend and conducted extensive underground channel sampling in the
The current Alacrán-Diamantina exploration program focuses on a 1.4km section at the southern end of the larger 7 -km Estrella-Diamantina mineralized trend (see map #1). To date, 14,450m of diamond drilling (52 holes) has been completed. Including this news release, results for 12,934m (46 holes) have been reported. Assay results are pending for six completed holes (1,514m), and an additional six holes (~2,000m) are planned to complete the current drilling program.
In addition to the drilling program, the Company completed a systematic underground channel sampling program of the vein being mined at the historic
This exploration has outlined a continuous mineralized zone with dimensions of 500m along strike and 250m down-dip, centered around the
- Drill hole ADDDH_21_32 intersected 0.68 meters, from 213.92m to 214.60m, of milky quartz-carbonate vein with veining of sulphides, mainly pyrite and sphalerite, grading 4.37g/t Au.
- Drill hole ADDDH_21_33 intersected 0.40 meters, from 188.70m to 189.10m, of milky quartz-carbonate vein with sulphides veining, mainly pyrite, galena and sphalerite, grading 80.2 g/t Au (see picture #1).
- Drill hole ADDDH_21_34 intersected 0.30 meters, from 60.38m to 60.68m, of milky quartz-carbonates vein with scarce pyrite, grading 0.64g/t Au.
- Drill hole ADDDH_21_46 intersected 0.76 meters, from 143.30m to 144.06m, of milky quartz-carbonates vein with semi-massive pyrite, galena and sphalerite, grading 18.35g/t Au (see picture #1).
Table #1. List of significant drill hole intercepts from Alacrán-Diamantina drill program(1)
Location | Hole ID | From | To | Length(3) | From | To | Length(3) | Au |
(m) | (m) | (m) | (ft) | (ft) | (ft) | (g/t) | ||
Alacrán- | ADDDH_21_01(2) | 48.3 | 49 | 0.7 | 158.47 | 160.77 | 2.3 | 5.43 |
ADDDH_21_02(2) | 105.2 | 105.95 | 0.75 | 345.16 | 347.62 | 2.46 | 13.85 | |
ADDDH_21_03(2) | 100.3 | 101.6 | 1.3 | 329.08 | 333.35 | 4.27 | 1.96 | |
Including | 100.3 | 101 | 0.7 | 329.08 | 331.38 | 2.3 | 0.98 | |
Including | 101 | 101.6 | 0.6 | 331.38 | 333.35 | 1.97 | 3.1 | |
ADDDH_21_04(2) | 10.5 | 10.9 | 0.4 | 34.45 | 35.76 | 1.31 | 4.28 | |
and | 20.4 | 21.2 | 0.8 | 66.93 | 69.56 | 2.62 | 6.09 | |
ADDDH_21_05(2) | 210.15 | 210.98 | 0.83 | 689.5 | 692.23 | 2.72 | 7.92 | |
ADDDH_21_20 | 207.7 | 208 | 0.3 | 681.42 | 682.41 | 0.98 | 0.79 | |
ADDDH_21_23 | 212.83 | 214.08 | 1.25 | 698.25 | 702.35 | 4.10 | 0.91 | |
ADDDH_21_32 | 213.92 | 214.6 | 0.68 | 701.83 | 704.06 | 2.23 | 4.37 | |
ADDDH_21_33 | 188.7 | 189.1 | 0.4 | 619.09 | 620.40 | 1.31 | 80.2 | |
ADDDH_21_34 | 60.38 | 60.68 | 0.3 | 198.09 | 199.08 | 0.98 | 0.64 | |
ADDDH_22_46 | 143.3 | 144.06 | 0.76 | 470.14 | 472.63 | 2.49 | 18.35 |
1) | Table includes vein intercepts in excess of 0.5 g/t gold. |
2) | Results of 7 holes (2,450m) previously reported on |
3) | Lengths reported are drilled core lengths and not necessarily true widths. Drill holes were oriented to be perpendicular to the dip of the veins and management believes the reported intersections approximate their true widths. |
For exploration core drilling, the company applied its standard protocols for sampling and assay. NQ core is sawn or split with one-half shipped to a sample preparation laboratory in
Mr.
The Company also owns an exploration property near Tucuma, Para State,
On behalf of the Board of Directors
"Javier Cordova Unda"
Chief Executive Officer and President
Neither the
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.
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