Xali Gold Corp V.XGC

Alternate Symbol(s): CGDXF

Metals & Mining Gold

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.

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Xali Gold Corp

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Post by bluemoons20on Mar 02, 2023 7:48am

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Post# 35314465

Future

I hope this does well but by that latest podcast, this could be a long time coming. Reading between the lines it seems they may not even drill this year!!

Sure there is some income (PROVIDED the permits finally come). However , given all the hype about all the veins that are untouched and how wonderful the property is , there does not seem to be much enthusiasm for any short term activity. And if there is no activity the price won't move much or will drift from here. With permits for the plant maybe it goes to 8 ??

Was hoping for some good news this year but this looks like a BUY IT FOR LIFE play!!!

GLTA

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