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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 bonsai2on Jul 11, 2024 9:19am
146 Views
Post# 36128022

Tailings drilling completed

Tailings drilling completedXgc just released an update on the tailings project. 34 drill holes to define the actual size of the El Oro taillings resource. About 8 weeks until the results are back from the lab. With the current interfered resource 3 to 4 percent nsr should be worth about 8-10 Mio USD. So If there is an increase in resource it would add some millions to the project value. That should move the share price a few cents northwards. Starcore international mines (sam), who are partner in the project and processing the ore should also profit from the advancements. They already have a plat running in the area. Glta
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