TSX.V: SYG

Niaouleni Gold Project

Highlights

  • 9,400 hectares within prolific greenstone belt in southwest Mali
  • Contiguously south, and on strike with African Gold Group’s Kobada Gold Deposit
  • The Property appears to comprise an 8 km strike length extension of the Kobada Shear and 12 km strike length extension of the Gosso Shear
  • Artisanal gold workings on the Property throughout the Kobada and Gosso shear extensions
  • NI 43-101 technical report completed for the Niaouleni Project by ACA Howe with an effective date of September 28, 2021
  • Historical Drilling Highlights on the Niaouleni Project include (true thicknesses are unknown):
Hole ID Easting Northing From To Interval Thickness Au
      m m m g/t
Nia-93-RC-11 543645,581 1281577,125 38.00 56.00 18.0 6.09
Nia-93-RC-23 543677,896 1281595,684 20.00 28.00 8.0 6.39
N-10-DD-002 543647,720 1281570,520 41.50 52.00 10.5 4.48
97-SN-DDH-02 543681,379 1281528,533 71.50 74.75 3.3 36.44
N-10-DD-011 543573,560 1281368,440 12.6 15.6 3.0 21.56
96-GD-DDH-02 545216,669 1274274,645 92.50 107.50 15.0 1.20
96-GD-DDH-01 545320,519 1274273,492 184.30 196.25 11.95 1.27
97-SN-DDH-05 543592,580 1281243,940 39.50 44.20 4.7 3.00
Nia-93-RC-21 543878,861 1282426,873 2.00 10.00 8.0 2.03
96-GD-DDH-02 545216,669 1274274,645 92.50 107.50 15 1.20
N-11-DD-023 543700,570 1281340,720 82.0 83.0 1.0 19.60
N-11-DD-026 543750,00 1281340,18 108.0 111.0 3.0 8.42
N-10-DD-003 543726,630 1281303,810 82.00 84.00 2.0 7.94

Source: NI 43-101 Technical Report on the Niaouleni Property in Southwest Mali for Sylla Gold Corp with an effective date of September 28, 2021. Filed on SEDAR under Sylla Gold Corp

Project Description and Geology/Mineralization

Information disclosed below is sourced from the NI 43-101 technical report on the Niaouleni Project completed for Sylla Gold with an effective date of September 28, 2021.

  • The Niaouleni Gold Project 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 which host the Kobada Deposit. The property is located in the Birimian Greenstone Belt of the Koulikoro Region of Southwest Mali, approximately 130 km southwest of Bamako, contiguously south of African Gold Group’s Kobada development project. The politically stable region of Southern Mali is home to a growing number of gold producers including Endeavour Mining, Barrick, AngloGold Ashanti and Resolute Mining.
  • The Niaouleni area has a long history of artisanal gold mining, dating back to the 14th century. Public and private companies began to explore the area in the 1960’s with the most recent being Frontline Gold Corp. Four main prospect areas have been identified: Lebre Plateau, South Niaouleni, Kankou Moussa and Goingoindougou. Significant exploration work has been conducted including soil and termite mound sampling, RAB, RC, and diamond drilling.
  • The Property is located in the northeast of the Siguiri Basin, which extends across the border from northeast Guinea. The Siguiri Basin hosts major gold deposits such as Lero and Siguiri in Guinea. Gold at the Niaouleni Property is present in the laterite and saprolite regolith and in the underlying bedrock as sulphides and in quartz veins. Gold mineralization is known to be synchronous with the hydrothermal events that introduced the regionally extensive quartz vein systems. North-east regional foliation has been identified throughout the Property with east-west and low angle features focused within the mineralized zones or associated with discrete shear zones therein.
  • Shear zone structures at Niaouleni are evident for several kilometres strike and may extend to the adjacent Kobada property. Mineralization has been identified in the saprolite and laterite material as free gold. Arsenic anomalies have been shown to be associated historically with gold mineralization in the property.
  • Frontline Gold Corp conducted soil sampling programs, termite mound sampling, pit sampling, rotary air blast (RAB) drilling, reverse circulation (RC) drilling, and diamond drilling on the Niaouleni Project between 2010 to 2019. They completed a total of 173 RAB holes (9,521 m), 147 RC holes (13,858 m) and 31 diamond drill holes (4,243 m) in the known prospect areas: Lebre Plateau, South Niaouleni, Kankou Moussa and Goingoindougou. RC holes were drilled both in the known prospect areas and also in the wider permit area. Rocks intersected were generally completely saprolitised, fine to medium grained metasediments. The best results were obtained in fault zones quartz veining and sometimes in quartz veined, strongly hematised metasediment.
  • Past exploration and drilling at Niaouleni has identified several structural gold-bearing zones that extend from the adjacent Kobada gold deposit. Refer to historical Reverse and Diamond drilling results on the property in the figure below.

Adjacent Kobada Gold Project

  • The Niaouleni Project is strategically located contiguously south of African Gold Group’s Kobada Gold Project (“Kobada”), an advanced stage gold development project containing a mineral resource estimate with an effective date of July 1, 2021 and prepared in accordance with CIM and NI 43-101 standards (see table below). The technical report can be found under Africa Gold Group’s SEDAR profile with an effective date of September 29, 2021.
Mineral Resource Classification Tonnes Tonnes Less Geological loss Au Au Au
Mt Mt g/t kg koz
Measured 22.65 21.40 0.83 17,784 572
Indicated 44.81 40.15 0.88 35,425 1,139
Measured and Indicated Total 67.46 61.54 0.86 53,209 1,711
Inferred Total 49.60 42.03 1.06 44,564 1,433

NOTES:

  1. A Mineral Resource cup-off grade of 0.35 g/t Au was applied.
  2. A gold price of US$1,800/oz of used for ultimate optimisation.
  3. Columns might not add up due to rounding.
  4. Mineral Resources are stated as inclusive of Mineral Reserves.
  5. Mineral Resources are reported as total Mineral Resources and are not attributed.
  6. Geological losses have been applied

Source: NI 43-101 Technical Report for Sulphides Update on the Kobada Gold Project in Mali, with an effective date of September 29, 2021 and filed on SEDAR under African Gold Group, Inc.

  • Mineralization at Kobada is related to a southwest trending shear zone which coincides with east-west, low angle features between discrete shear zones. Mineralization at Kobada  extends for a minimum strike length of 4 km and is associated with narrow, irregular, high-angle  quartz veins and with disseminated sulphides in the wall rock and vein selvages. More than one generation of quartz veining  is  present. Drilling has intersected interbedded greywackes, siltstones and mudstones, which has been weathered to saprolite with a 3 to 4 m thick laterite cap.

Cautionary Statement: This website contains scientific and technical information with respect to adjacent or similar mineral properties (i.e. Kobada) to the Company's Niaouleni Project, which the Company has no interest in or rights to explore. Readers are cautioned that any information regarding mineral resources, geology, mineralization, and production history on adjacent or similar properties is not necessarily indicative of the mineralization on the Company's Niaouleni Project.

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