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Bullboard - Stock Discussion Forum 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... see more

TSXV:XGC - Post Discussion

Xali Gold Corp > Permits.
View:
Post by sequesence on Feb 16, 2023 4:31pm

Permits.

Does this project have the potential to be open pitiable? I read somewhere the Mexican government was not looking favorably at new open pit mining, hence they delays in drill permits.. I thought Xali was looking below the existing mine for new ore, and would be working underground. 
Ideas?
Comment by Kalidog on Feb 22, 2023 6:45pm
I don't think XALI is looking at mining much at all. Given past history with this management team, the plan would be strictly exploration, producing a complete feasibility study after drilling and then sell it all based on that to a larger mining company. XALI does have a few near surface projects ready to go but after watching the video today from Agoracom, I would say MCR is going to be ...more  
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