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The latest update is out from Soma Gold ( (TSE:SOMA) ).
Soma Gold has received drilling permits from the Colombian government and commenced a Phase 1 drill program on the Psyche 2 copper anomaly at its Machuca Project in Antioquia. The program will initially comprise four to five drill holes totaling about 2,000 metres, targeting the northern end of a roughly 4.5 km long north-south copper anomaly that coincides with a prominent magnetic high and radiometric low, as defined by soil geochemistry and 3D magnetic inversion work. The company aims to use fresh drill core to determine the source and style of mineralization associated with the copper and geophysical anomalies, which could materially enhance the project’s prospectivity if significant mineralization is confirmed. Additional soil sampling has also outlined multiple gold anomalies at Psyche 2, while Soma plans to continue drilling high-grade gold targets near the Colossa Mine and Aurum-Orion-Eros area into 2026, positioning the Machuca Property as a potentially important asset along the Otú fault trend and underscoring the company’s broader exploration push in the region.
The most recent analyst rating on (TSE:SOMA) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Soma Gold stock, see the TSE:SOMA Stock Forecast page.
Spark’s Take on TSE:SOMA Stock
According to Spark, TipRanks’ AI Analyst, TSE:SOMA is a Neutral.
Soma Gold’s overall stock score is driven by strong technical indicators and reasonable valuation. The company’s operational efficiency is a positive, but challenges with revenue decline and high leverage weigh on the financial performance score.
To see Spark’s full report on TSE:SOMA stock, click here.
More about Soma Gold
Soma Gold Corp. is a precious metals exploration and mining company focused on high-grade gold projects in Colombia, particularly along the prolific Otú fault system in Antioquia. The company controls a significant land package along this 100 km structural corridor, including the Machuca Project, where it is advancing both gold and copper exploration targets supported by geophysical and geochemical surveys.
Average Trading Volume: 239,402
Technical Sentiment Signal: Buy
Current Market Cap: C$191.1M
Learn more about SOMA stock on TipRanks’ Stock Analysis page.