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Bullboard - Stock Discussion Forum 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... see more

TSXV:XGC - Post Discussion

Xali Gold Corp > Permits.
View:
Post by sequesence on Feb 16, 2023 4:31pm

Permits.

Does this project have the potential to be open pitiable? I read somewhere the Mexican government was not looking favorably at new open pit mining, hence they delays in drill permits.. I thought Xali was looking below the existing mine for new ore, and would be working underground. 
Ideas?
Comment by Kalidog on Feb 22, 2023 6:45pm
I don't think XALI is looking at mining much at all. Given past history with this management team, the plan would be strictly exploration, producing a complete feasibility study after drilling and then sell it all based on that to a larger mining company. XALI does have a few near surface projects ready to go but after watching the video today from Agoracom, I would say MCR is going to be ...more  
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