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Xali Gold Corp CGDXF


Primary Symbol: V.XGC

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 Western Mexico. 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 in the Pacific Coastal Plain, State of Nayarit, approximately 50 kilometers (km) south of the San Dieguito de Arriba (SDA) Plant. SDA is located in Nayarit, Western Mexico and consists of a flotation plant which also includes a precious metals leach circuit. Tres Marias is located within an emerging epithermal gold, silver and polymetallic belt of southern Peru.


TSXV:XGC - Post by User

Post by bluemoons20on Jun 03, 2023 8:40am
284 Views
Post# 35478284

Share Price

Share PriceUnderstand the longterm plan  is to get money  from  the  two  projects and try to fund exploration.

seems that management is concentrating on other  projects with other companies and  just leaving XGC.        Not  much  strength on the buy side  but lots of people seemingly  tired of  waiting  by selling (or trying to)

Seem to recall  an interview  that  reflected  that exploration  (on a property that  has been touted to have a lot of  veins of  gold identified)   will not likely even be thought about until 2024.  So  another 6 to 9  months  wait.

Recall  some  hopeful comments that  when  permits  start to come  price should  jump to  0.20.   So  far that is a long way  from reality.

This looks  like a  situation  where insiders will see the cash  flow and then  roll the stock  back  and  buy  control  at  cheap  prices.

Hope i  did not make a mistake with thos one  but  does not look  good  for anytime soon.

GLTA
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