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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 bonsai2on Oct 18, 2024 3:46pm
52 Views
Post# 36272325

RE:drill results for tailings project

RE:drill results for tailings projectDrilling results should be out soon. Mid july the news release said something about eight weeks..
That's ok, results and permits always seem to take longer than expected in mining.
What is frustrating about xgc is that the directions always change. We had some properties in mexico, nfl, Peru and it was said to turn the exploration focus on them. Then they were given away or are not so interesting any more and we got a new project - Mayo - which costs money to explore and also takes time. Getting permits for drilling etc. dillution, expenses, time. And El Oro? Depends when revenues come in and If access, mining and exploring of the old mine will work out.
I'm also worried and obviously not many people are buying in at current levels..

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