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Xali Gold Corp V.XGC

Alternate Symbol(s):  CGDXF

Xali Gold Corp. is a Canada-based mineral exploration company that has gold and silver projects in Peru and Mexico. It operates in three geographical areas: Peru, Mexico and Canada. Its Mexican Properties include El Oro Hard Rock, El Oro Tailings and El Dorado Project. Its Peruvian Properties include Tres Marias. Its flagship asset, El Oro Project, is a gold project encompassing the gold-silver epithermal vein system in Mexico. The El Oro project covers 20 veins with past production and more than 57 veins in total, which consists of approximately 6.4 million ounces of gold and 74 million ounces of silver. The El Dorado Property is located in the Pacific Coastal Plain, State of Nayarit, approximately 50 kilometers (km) south of the SDA Plant. The Tres Marias Property is located in the Puno District in Southern Peru. The Tres Marias property has 16 claims covering approximately 9,400 hectares (ha). Its subsidiaries include CCM EL Oro Jales, S.A. de C.V. and Minera Xali Oro S.A. de C.V.


TSXV:XGC - Post by User

Post by bluemoons20on Mar 18, 2023 10:51pm
324 Views
Post# 35347313

Set to generate Revenue

Set to generate RevenueThis is all  nice  stuff to hear  and perhaps a bonus  for the longer term future.  However, the revenus will not substantially  increase the share price in my opinion.

the revenue  might generate enough to  do some  drilling  , the results of which  will be a factor in raising the  share price  (especially if the  property is as good  as  hyped). (and delay  dilution from more PP's).

But this  latest video is just  someone  saying  the revenue streams are a good idea that other operations do not  have  and the CEO  kind of hints to  no drilling taking place until  next  year.

So though it may  be a  good situation, I  would not look for anything  until mid  next  year  and a hope that they can figure out a way to get permits for the different things they are looking to do!!

GLTA
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