The Otu project is immediately to the south of, and contiguous with, the Company’s existing Zara exploration properties in Antioquia, Colombia along the prolific Otu Fault System.
The most significant vein occurrences are at the La Aurora and Constancia mines, which have over 1,000 m of development work to a depth of 130 m. The project has had limited historical diamond drilling and most of the exploration on the property has been surface exploration and informal small-scale mining at some of the known quartz veins on the property.
Soma has planned a two-phase 10,000m diamond drill program to start in Q3 of 2023. Phase 1 of the program is 5,000m of drilling designed to evaluate structural controls on the quartz veins in the La Aurora and Constancia mines. The drill holes will target the down-plunge extent of recently identified high-grade ore shoots within the mine. The deposit is also open along strike to the north and south. Evaluation of the along strike potential for mineralization will be tested during the phase 1 drilling program.
Soma has initiated exploration of the new properties and is pleased to provide an update on the planned 2023 exploration program.