Sylla Gold Exercises Option Agreements to Acquire 100% in The Niaouleni West and Samaya South Properties at Its Niaouleni Gold Project
Rhea-AI Summary
Sylla Gold (OTC: SYGCF) exercised options to acquire a 100% interest in the Niaouleni West and Samaya South properties, completing three of four option agreements that comprise the 17,200-hectare Niaouleni Gold Project.
The company completed 76 RC holes at Deguefarakole, with anomalous gold in 66 of 76 holes and a 700 m strike at Niaouleni South. The remaining 2,100-hectare Sananfara option must be completed by August 31, 2026. Licence transfers require Malian government approval; the optionor waived exploration expenditure requirements.
Positive
- Exercised options to acquire 100% interest in two properties
- Now 3 of 4 option agreements secured across the project
- Maiden drilling: 76 RC holes, anomalous gold in 66 of 76
- Niaouleni South strike extended to 700 m
Negative
- Remaining Sananfara option payment due by August 31, 2026
- Licence renewals/transfers conditional on Malian government approval
News Market Reaction – SYGCF
In the Mar 13 session, SYGCF gained 2.86%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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Bedford, Nova Scotia--(Newsfile Corp. - March 12, 2026) - Sylla Gold Corp. (TSXV: SYG) ("Sylla" or the "Company") is pleased to announce that it has exercised its option to acquire a
Regan Isenor, President and CEO of Sylla, commented, "Exercising the Niaouleni West and Samaya South option agreements marks an important milestone for Sylla Gold, as it consolidates
The Niaouleni Gold Project is located within the emerging Sanankoro-Kobada-Niaouleni Gold Corridor. The Company's exploration work to date has been completed within its 9,200-hectare Deguefarakole licence area (Figure 1). The Company completed 76 reverse circulation drill holes during its maiden drill program conducted between August 2022 and March 2023, encountering anomalous gold grades over significant widths in 66 of 76 RC holes drilled on the property (see Sylla press releases dated August 29, 2022, September 13, 2022, and April 12, 2023). Drilling was mainly focused around the Niaouleni South Prospect. The Company's drilling activities extended the strike length at Niaouleni South to 700 m and remains open to the north, south and at depth. The Niaouleni South prospect sits approximately 6 km along strike from Toubani Resources Kobada gold deposit.
Niaouleni West
Niaouleni West represents one of the most compelling exploration opportunities within the highly prospective Niaouleni-Kobada-Sanankoro gold corridor. Positioned directly along the extension of the significant shear zone that hosts Toubani Resource's Kobada gold deposit and the Company's Niaouleni South discovery zone at Dequefarakole. The Niaouleni West property has already returned high-grade gold-in-soil geochemical anomalies and contains extensive artisanal gold workings that align precisely with the interpreted structural trend of the corridor. These results highlight a large, underexplored target area where gold mineralization appears structurally controlled along the same deformation system responsible for nearby discoveries. With strong geochemical signatures, favourable geology, and a strategic location within one of West Africa's most active gold belts, Niaouleni West offers significant discovery potential and scalability of the Niaouleni Gold Project.
Samaya South
Samaya South, located approximately 3.5 kilometers west of Toubani's Kobada gold deposit, represents a prospective exploration target within the broader Niaouleni land package. The area has been the focus of extensive historical soil and termite mound geochemical sampling, which has outlined a number of anomalous gold trends coincident with favourable structural and lithological features interpreted to be part of the same regional shear system that hosts nearby deposits. Importantly, the presence of surface artisanal gold workings across the target area provides further evidence of near-surface mineralization and highlights the strong prospectivity of the zone. These encouraging indicators position Samaya South as a priority target for follow-up exploration, including detailed geochemical surveys and subsequent RC drilling.
Figure 1: Map of the Niaouleni Gold Project in Mali
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The renewal, transfer and issuances of the Company's exploration licences are conditional upon approval by the Malian government. Touba Mining Jr. SARL, the optionor of the Niaouleni West, Samaya South and Sananfara properties waived the exploration expenditure requirements in each of the applicable option agreements.
Qualified Person Statement
All scientific and technical information contained in this news release was prepared and approved by Gregory Isenor, P.Geo., Director of Sylla Gold Corp. who is a Qualified Person as defined in NI 43-101.
For more information, please contact:
Regan Isenor
President and Chief Executive Officer
Tel: (902) 233-4381
Email: risenor@syllagold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
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