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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 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

Comment by PunkRockyon Apr 28, 2024 11:29pm
105 Views
Post# 36012038

RE:SDA plant news

RE:SDA plant newsTakes money to drill... and judging by the CEO's past comments, turning to capital markets for cash was still on the table, even WITH a small stream of money flowing in. And who knows what other delays/surprises are in store given the slow track record thus far. This is going to take a while still imho. We're at the mercy of the hired help and government red tape there.

Good day,
PR

bonsai2 wrote: Well, looks like it's not going as smooth as expected. There always seem to be unexpected delays, but it's  not a major setback imo. The plat is ready for processing and that's what is essential. We'll get some cash and explore El Oro!! Can't wait for this to happen. And also Exploration at Tres Marias will hopefully start some time soon.
 


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