Xali Gold Corp V.XGC

XALI GOLD SIGNS AGREEMENT WITH BARRICK GOLD

[gmcmachine]

Fantastic news today from XALI GOLD!

Xali Gold just got heavy weight miner Barrick Gold to partner with them on their Peruvian property Tres Marias.

Barrick also recently bought into Hercules Silver.  

Xali Gold holds a 100% interest in the Tres Marias Property and has identified many exploration targets for both gold and silver mineralization. Three veins have been found to contain high grades of silver (“Ag”) with lead (“Pb”) and zinc (“Zn”) mineralization. Anomalous gold levels also occur in high sulphidation style alteration surrounding the veins

[bonsai2]

Hm, but i have difficulties seeing the benefit of this deal for xali share holders. 175k over 5 years is maybe ok, but beeing left with a 0,5 percent nsr in case there will be a real mining deposit seems little. Tres Marias was their main property in Peru with almost 10k hectar in an interesting mining district. Plans were that exploration focus is turmed to Peru and now its given away before we

[bluemoons20]

Agree that this  seems  like  giving the property away.  Can someone  explain something that is confusing to me?  When they announced  changing focus to  peru  , the mention was of the Licerno  mine.   Then  we hear that the  bought back  the NSR  for  Casua  and  now they have optioned Casua for  

[bonsai2]

Lucero is a different property in an other peruvian region. And casua is next or within tres marias but not the same. The buyback of casua nsr was something like 20k plus up to 1mio shares If certain drilling milestones are reached. So in my opioion successful exploration on one of these properties means the imoprtace of the other would rise since they seem to hold common vein systems. Therefore

[bluemoons20]

Obviously the news is not viewed as good??  many  days  with no volume  - then  news  and  big volume with a price drop!! So  sad!! GLTA

[bonsai2]

Nobody likes explorer companies until they become successful. From that point on they get more cheers and hopefully xali is among them. glta