Sylla Enters into Option Agreements for Niaouleni Gold Project
Incur exploration expenditures of 528,000,000 FCFA (approximately CDN $1,167,000) over a three (3) year period upon issuance of the mineral exploration permit.
- Incur exploration expenditures of 528,000,000 FCFA (approximately CDN $1,167,000) over a three (3) year period upon issuance of the mineral exploration permit.
- Incur exploration expenditures of 641,025,000 FCFA (approximately CDN $1,417,000) over a three (3) year period upon issuance of the mineral exploration permit.
- Pursuant to each option agreement, Touba retained a 2% Net Smelter Royalty ("NSR") on all ore mined from each optioned property.
- The Niaouleni Project is 17,200 hectares in size and accessible by paved highway and includes extensive artisanal mining activity within the interpreted extensions of gold bearing structures.