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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

Post by horsewithnonameon May 08, 2024 8:07am
125 Views
Post# 36028416

If I am not mistaken,

If I am not mistaken,
Lusimin considered that in just portion of one of the veins to contain about 600 000 ounces Au  - I know it is not standard compliant and Xali got reprimanded for citing it - but there seems to be a strong argument that El Oro  could be a  mulit million ounce deposit - average take over price per ounce in 2022 was more than 400 USD (https://www.spglobal.com/marketintelligence/en/news-insights/research/gold-rrs-2022-m-and-a-price-paid-per-ounce-up-on-high-market-price) - so why can we not move forward? Our market capitalisation is less than 8 Million CAD? Why can we not raise any money for developing this prospect? According to the CVs we have a universally talented management board, experienced pensioners with sufficient time that want to be explorers, geologists, tailings specialist, multiple CEOs, milling specialist and financial manager, public relations manager etc etc at the same time. :)
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