Business
Sylla Gold Executes LOI To Acquire the Samaya South and Niaouleni West Gold Permits
Bedford, Nova Scotia--(Newsfile Corp. - May 9, 2022) - Sylla Gold Corp. (TSXV: SYG) (" Sylla...
About this update from Sylla Gold Corp
[{"type":"text","content":"Sylla Gold Executes LOI To Acquire the Samaya South and Niaouleni West Gold PermitsBedford, Nova Scotia--(Newsfile Corp. - May 9, 2022) - Sylla Gold Corp. (TSXV: SYG) (\"Sylla Gold\" or the \"Company\") is pleased to announce that it has entered into two letters of intent (\"LOI\") pursuant to which Sylla Gold would acquire an option to earn 100% of the Samaya South and Niaouleni West gold exploration permits located contiguously northwest and west of the Company's Niaouleni Gold Project.The Samaya South and Niaouleni West exploration permits comprise of 2,500 hectares and 3,200 hectares, respectively and represent a 60% expansion of the Company's licence holdings in the area for a total of 15,100 hectares. (Figure 1) Figure 1 - Sylla Gold PropertiesTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/6472/123241_9fda22e40412ba6b_001full.jpg.Regan Isenor, President and CEO of Sylla Gold commented, \"We have always considered Samaya South and Niaouleni West to be crucial pieces of the larger Niaouleni regional land package and feel these acquisitions are a significant milestone in the development of the Niaouleni Project. With Niaouleni West the Company secures an additional 2km strike length of the Kobada structure, represented by strong gold geochemical anomalies along strike. In Samaya South, extensive artisanal workings and surface showings indicate the potential for the development of high priority targets in an area that has seen very little modern exploration. The Sylla Gold technical team has been very successful on prior projects in this geological setting, and this expanded land package uniquely positions the Company to build value at Niaouleni while developing regional targets at Niaouleni West and Samaya South using exploration methodologies that have proven successful on similar projects in the past.\" Niaouleni ProjectThe Niaouleni Project (Figure 2) is 9,400 hectares in size and accessible by paved highway and includes extensive artisanal mining activity within the interpreted extensions of gold bearing structures. Past exploration at Niaouleni includes extensive reverse circulation (RC) and diamond drilling, which have identified several structural gold-bearing zones that appear to extend from the adjacent Kobada gold deposit. Historical exploration and drilling results have ...