Overview
Gold is a well-respected retailer of worth that builds a robust basis for any funding portfolio. Whereas commodities are price contemplating, investing in a mining firm targeted on gold permits you to profit from the corporate’s development and rising gold worth. West Africa is thought for its important gold mining operations, comprising over 80 % of Mali’s complete exports, making it the fourth largest gold producer in Africa.
The latest discovery of a brand new gold belt in an underexplored space of Southern Mali has captured the eye of main mining corporations, comparable to Eldorado Gold Company (NYSE:EGO) and Agnico Eagle Mines Restricted (NYSE:AEM).
Sylla Gold (TSX.V:SYG) is a Canadian junior gold exploration and improvement mining firm specializing in exploring and buying gold properties all through West Africa. The corporate’s flagship asset, the Niaouleni gold mission, covers over 17,200 hectares inside an rising gold camp within the prolific Birimian greenstones of southwest Mali. An skilled administration crew with a monitor report of success inside West Africa leads Sylla Gold towards its objectives of exploring and growing its promising asset.
The corporate’s Niaouleni mission runs constantly south alongside Niaouleni-Kobada-Sanankora Hall, on strike with Toubani Useful resource’s Kobada Gold Deposit. The Kobada deposit incorporates a Measured and Indicated Mineral Useful resource of 61.5 million tonnes (Mt) at 0.86 g/t gold (Au) for a complete of 1.71 million ounces (oz) of contained gold, and consists of mineral reserves. Moreover, to the north of Toubani inside the identical hall is Cora Gold’s Sanankoro Venture, which has an Indicated Useful resource of 16.1 Mt at 1.27 g/t Au for 657,000 oz of contained gold and an Inferred Useful resource of 8.7 Mt at 0.94 g/t Au for 263,000 oz of contained gold. These important useful resource estimates on adjoining properties point out the blue sky potential of the Niaouleni mission as exploration continues on all three.
Sylla Gold lately accomplished its maiden drilling marketing campaign, which included 6,754 metres of reverse circulation (RC) drilling and a further 10,600 metres of aircore drilling. Assays from the RC drilling indicated 48 out of 57 holes hit high-grade gold mineralization as much as 5.17 g/t over 25 metres. The aircore drilling was used as a first-pass reconnaissance fashion drilling and recognized a number of extra gold targets for follow-up RC drilling.
Sylla’s administration and discovery crew has already had success of their earlier three West African gold tasks, such because the Jilbey Gold discovery of the Bissa Hill deposit, the Merrex Gold discovery of the Siribaya and Diakha deposits, and the Roscan Gold discovery of the Kandiole deposit. Main mining corporations acquired Jilbey Gold and Merrex Gold after profitable exploration. As well as, the administration crew and technical advisors carry extra exploration in company administration, worldwide finance, and geology.
Sylla Gold’s flagship mission covers 17,200 hectares inside what seems to be a growing mining camp in southwest Mali. The licences are accessible alongside maintained roads roughly 128 kilometers southwest of Bamako, Mali’s capital metropolis. The corporate lately accomplished its maiden drill marketing campaign and is analyzing drill outcomes.
Venture Highlights:
- Promising Exploration Outcomes: The corporate lately accomplished its maiden drilling marketing campaign, following up on precedence targets recognized by accomplished exploration campaigns. Preliminary outcomes indicated that 48 out of 57 holes intersected high-grade gold mineralization, together with:
- 5.17 g/t gold over 25 m
- 4.51 g/t gold over 4 m
- 2.81 g/t gold over 12 m
- 3.94 g/t gold over 3 m
- 2.13 g/t gold over 25 m
- Extra Drilling Scheduled: Sylla Gold plans to conduct extra drilling in Q1 2023 consisting of RC drilling to comply with up on and increase the Niaouleni South deposit, and the Libre Plateau together with new mineralized targets recognized by way of latest air core drilling.
- Adjoining to an Increasing Venture: The mission is close by Toubani Useful resource’s Kobada Gold mission, which incorporates a Measured and Indicated Mineral Useful resource of 61.5 million tonnes (Mt) at 0.86 g/t gold (Au) for a complete of 1.71 million ounces (oz) of contained gold, and consists of mineral reserves.
Administration Workforce
Regan Isenor – President & CEO, Director
Regan Isenor holds a B.A. from Acadia College and a grasp’s in mission administration from St. Mary’s College. Isenor has over 14 years of expertise in exploration tasks worldwide with publicly traded corporations concerned within the useful resource sector. Isenor is previously CEO of MegumaGold Corp., a TSX.V Canadian junior gold exploration firm targeted on value-oriented exploration inside the rising gold camp of the Meguma Formation in Nova Scotia. Previous to becoming a member of MegumaGold Corp. in June 2018, Isenor was concerned with numerous worldwide tasks in Turkey (Menderes), West Africa (Burkina Faso, Bissa Hill deposit, Mali Siribaya Gold mission), Eire (Zinc), Northern Ontario, and Nova Scotia. Isenor served as an govt and previous president of the Mining Society of Nova Scotia.
J. Francois Lalonde – Chairman
J. Francois Lalonde holds a B.Sc. in civil engineering from Concordia College in Montreal and has been a member of the Order of Engineers of Quebec from 1984 to 2014. Lalonde is an impartial consulting civil engineer and has labored for and consulted with multinational engineering and building corporations comparable to SNC-Lavalin (Canadian firm primarily based in Montreal) and Bouygues Travaux Publics (French agency primarily based in Saint-Quentin-en-Yvelines). Lalonde has additionally participated in worldwide enterprise improvement for the Quebec agency Pomerleau Building. He has in-depth information of markets and enterprise acquaintances in Canada, United States, Center East and Africa, the place he most notably participated in large-scale vitality, motorway and different infrastructure improvement and mining tasks.
Lalonde can be a director of Stellar AfricaGold Inc. (TSXV:SPX) and Granite Creek Copper (TSXV:GCX). He was previously a director of Algold Sources LTD. (TSXV:ALG)
Gregory Isenor – Director
Gregory Isenor holds a B.Sc. in geology from Acadia College and is a member of the Affiliation of Skilled Geologists of Nova Scotia. At present, Isenor is an impartial director and QP of Roscan Gold Company, an organization engaged in gold exploration in Western Mali.
Isenor was president, CEO and director (2005 to 2017) of Merrex Gold Inc., up till Merrex was taken over by IAMGOLD Company. Throughout that point, Merrex found two important gold deposits in Mali (West Africa): the Siribaya deposit and, with three way partnership associate IAMGOLD, the Diakha deposit. Up to now, these two deposits are estimated to symbolize a mixed useful resource approaching roughly two million ounces of gold.
Beforehand, Isenor was the president, CEO and director (2003 to 2005) of Jilbey Gold Exploration Ltd., till Jilbey was acquired by Excessive River Gold Mines Restricted. Throughout Isenor’s time with Jilbey, he led the crew that recognized the Bissa gold deposit in Burkina Faso (West Africa), which was positioned into manufacturing by Nord Gold SE and has a reported useful resource exceeding 5 million ounces of gold. As well as, from 1979 to 2003, Isenor labored as an impartial consulting geologist on mineral exploration tasks in Canada, america, Australia, New Zealand, Asia and Africa. Isenor based Jubilee Minerals Inc, to develop the Jubilee zinc deposit and Glencoe Sources Inc. to develop the Glencoe limestone deposit. Each deposits are situated in Nova Scotia, Canada.
Darrin Campbell – Director
Darrin Campbell is a chartered skilled accountant and authorized administration accountant with 20 years of govt monetary administration expertise. Campbell is at the moment the president of Namibia Important Metals Inc (TSXV:NMI), which is growing the Lofdal Heavy Uncommon Earth Venture underneath three way partnership with Japan Oil Fuel & Metals Nationwide Company (JOGMEC) . Campbell additionally served because the CFO of NMI from March 2017 to April 2021. Campbell has supplied contract accounting and monetary providers to quite a few private and non-private corporations and performed key management roles in financings and transactions taking corporations public onto the TSX-V. From 2013 to 2014, he was the CFO of Ressources Appalaches and was the monetary chief bringing into manufacturing Nova Scotia’s first working gold mine in over 14 years. Campbell obtained a Bachelor of Commerce from Saint Mary’s College in 1996 and is a member of the Chartered Skilled Accountants of Nova Scotia.
Jamie Spratt – Director
Jamie Spratt is president at Walmsley Capital Inc. a company finance and advisory agency that he based in 2019. He has 15 years of capital markets expertise in fairness analysis and funding banking. Spratt was beforehand a associate and fairness analysis analyst at Clarus Securities Inc., the place he was a key member of a revered mining follow that participated in lots of fairness financings. Spratt began his profession in funding banking the place he suggested on M&A and company finance mandates and achieved invaluable transaction expertise. Spratt has an MBA from the Rotman Faculty of Administration, a B.A. in utilized economics from Queen’s College and is a CFA charterholder. He’s a member of the Toronto Society of Monetary Analysts.
