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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

Comment by bluemoons20on Aug 27, 2023 11:13pm
105 Views
Post# 35607601

RE:RE:RE:RE:interesting turn

RE:RE:RE:RE:interesting turnYes

But  just interesting as to which is the better property.  Seems we are waiting to get some revenue from side projects to fund the exploration  in Mexico  - which may be the best asset.  However, if we  have no money to commit to  Mexico  , how do we have money  for Peru??

Can someone  try to clarify this for me??  Any money coming in goes into the same  pot??  so  can use  money  from the mexican side projects  for Peru  if there is  exploration money available?  If  no money other than another  PP  , then  wait with everything  until the money starts rolling in.

But the  frustrating  part is  no one seems to be coming out and actually saying it in plain English.  Seem to recall a comment  a few months ago that implied  any exploration was waiting for money coing in  from  the projects  and so no exploration in Mexico until  next year sometime??

GLTA
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