Soma Gold Unearths Copper Potential at Psyche 2 Target in Colombia

NEW YORK, NY – November 18, 2025

Expanding Beyond Gold: A New Chapter for Soma Gold

Soma Gold Corp. has announced promising results from soil sampling at its Psyche 2 target in Colombia, revealing not only significant gold anomalies but also a newly identified, extensive copper mineralization zone. This discovery positions the company to potentially diversify its portfolio and capitalize on the growing global demand for copper, a critical metal for the energy transition. While Soma Gold is currently a profitable gold producer, the findings at Psyche 2 could unlock significant new value and broaden the company's strategic outlook.

The Psyche 2 target, located along the prolific Otú Fault System in Antioquia, Colombia, has long been recognized for its gold potential. However, recent sampling—covering a 4.5km strike length—has revealed consistent copper mineralization alongside the gold, prompting a planned drilling campaign scheduled for late 2025 and an ongoing expansion of the soil grid. The results indicate a substantial and potentially economically viable copper system that warrants further investigation.

Geological Context and Regional Significance

The Otú Fault System is a major structural control for gold deposits in the Central Cordillera of Colombia. Its geological setting makes it a prospective area for various types of mineral deposits. “The presence of both gold and copper within a single system, aligned with the Otú Fault, is particularly encouraging,” noted an industry geologist familiar with the region. “It suggests a complex hydrothermal system with the potential for significant mineralization.”

The discovery of a sizable copper anomaly at Psyche 2 is especially noteworthy given Colombia’s emerging role as a copper producer. While historically focused on gold and coal, the country has been attracting increased investment in copper exploration and development. “Colombia has the potential to become a significant player in the global copper market,” stated an analyst following the sector. “The country’s geological endowment, combined with a more stable political environment, is driving renewed interest from mining companies.”

Exploring the Potential: Drilling and Future Plans

Soma Gold plans to commence a drilling campaign at Psyche 2 in late 2025 to confirm the extent and grade of the mineralization. This drilling program will be crucial in determining the economic viability of the project and guiding future development plans. The company is also expanding its soil sampling grid to further delineate the extent of the copper anomaly and identify additional potential targets. The initial sampling results showed gold concentrations ranging up to 7.6 g/t and copper concentrations up to 795 ppm, indicating a robust mineralized system.

The company's commitment to sustainable mining practices and community engagement is also a key factor in its long-term success. Soma Gold has been actively working with local communities to ensure that its operations benefit all stakeholders. “Building strong relationships with local communities is essential for responsible mining,” stated a representative from a local NGO. “Companies that prioritize social and environmental responsibility are more likely to succeed in the long run.”

Balancing Growth with Community Wellbeing

Soma Gold’s experience with a recent 57-day community blockade at its El Bagre mine underscores the importance of maintaining effective community relations. While the blockade stemmed from issues related to road maintenance, the event serves as a reminder of the potential challenges that mining companies face in operating in Colombia. “Open communication, transparency, and a willingness to address community concerns are critical for preventing conflicts,” stated an industry observer. The company’s commitment to fulfilling commitments to local stakeholders is seen as a key factor in ensuring the long-term sustainability of its operations. Soma Gold has been actively formalizing agreements with artisanal miners in the region, a practice that promotes responsible mining practices and provides economic opportunities for local communities.

The planned expansion of Soma Gold's milling capacity to 650 TPD and eventually 1,400 TPD by 2027-2028 further demonstrates the company's confidence in its long-term growth prospects. The company’s ability to efficiently process ore and generate revenue will be crucial in funding further exploration and development projects. Soma Gold’s financial performance has been steadily improving, with revenues increasing by 10% in 2024 and net income up by 51%. This strong financial foundation positions the company well to capitalize on the opportunities presented by the discovery at Psyche 2.

The prospect of diversifying beyond gold could open new avenues for growth and enhance shareholder value, marking a significant step in Soma Gold's evolution from a gold producer to a multi-metal mining company. “The combination of gold and copper potential at Psyche 2 is particularly attractive,” added the industry analyst. “It provides a hedge against commodity price volatility and reduces the company’s reliance on a single metal.”