Post by
bonsai2 on Jul 11, 2024 9:19am
Tailings drilling completed
Xgc 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
Comment by
eartotheground on Jul 11, 2024 9:53am
This is great news and I am glad they are moving fast! KCA and Starcore International Mines are exactly what Xali Gold needed to move things along quickly! It wouldn't surprise me to see XGC move even faster to take advantage of gold prices! Will be interesting to see what happens over the coming weeks and months!! GLTA!!