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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

Comment by bonsai2on Jul 23, 2024 1:53pm
107 Views
Post# 36144698

RE:IMHO Pretty SAD

RE:IMHO Pretty SADWe'll see if this deal will bring xgc off the ground. On the one hand we can hope for cash coming in and reprocessing and exploration of El Oro Hard Rock. On the other hand we are are getting in a position where other companies are getting much influence and maybe take more profit from the projects than xgc share holders.
What concerns me is that after tailings and the old mines are cleared xgc will be left with a few million dollars since the rest will probably be spent for exploration and so on. Will xgc be a takeover target by then? Or maybe generate income ithrough nsr/gsr payments and pay out this money as a dividend to shareholders? Glta
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