Canada’s Sylla Gold has announce that it recently entered into two letters of intent under which the company would acquire an option to earn 100% of the Samaya South and Niaouleni West gold exploration permits. The two assets are located northwest and west of the miner’s Niaouleni gold project in Mali.
"The Samaya South and Niaouleni West exploration permits comprise of 2,500 hectares and 3,200 hectares, respectively and represent a 60% ex-pansion of the Company's licence holdings in the area for a total of 15,100 hectares," Sylla Gold said in a statement.
Regan Isenor, the president and CEO of Sylla Gold, said that the com-pany has "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 Nia-ouleni Project. With Niaouleni West the Company secures an additional 2km strike length of the Kobada structure, represented by strong gold geochemical anomalies along strike."