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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 > drill results for tailings project
View:
Post by bluemoons20 on Oct 15, 2024 6:57pm

drill results for tailings project

Hi,
last news release said that the results of the drilling on the tailing project was expected in late Q3 2024.

When would that be??  it  should be about  now??

Some  good results would indicate if there was any potential monetary advantage to  XGC  from this project,

Getting worried.  everyone says great potential  and things seem to be going forward in a way  but the progress is still  very, very slow  We need he tailings going and producing revenue and  the  shafts being cleared  so that we have access to  drill  the lower levels and hopefully find some excellent reserves. 

Very dissapointing about the current price level  and  not even much trading.  Has everyone  in the public lost interest because of the  previously slow progress???  or  is everyone  so keen on the stock that they are not selling  at these prices.

Recall someone mentioning that  the price previously  languished at the  15 to 20 cent range,  Almost wish for a return to  'the bad old days'??

GLTA
Comment by bonsai2 on Oct 18, 2024 3:46pm
Drilling 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 ...more  
Comment by bluemoons20 on Oct 19, 2024 1:39pm
Have to agree.  Years  of lots of talk about promise.  yet  when  it seems like things are tuning in the right direction  - the  price  goes  down  even more  and then  no one is  buying  , especially at these very depressed levels. The markets always seems  to  know  what is going on and seems  to be ahead ...more  
Comment by eartotheground on Oct 19, 2024 4:25pm
Joanne Freeze has been holding on to El Oro Mexico because she knows what's there, millions of ounces of gold and silver. She is about to finally get in there in 3-6 months. In the meantime she's lined up several sources of revenue from NSR agreements and is about to do a low cost trenching of the Majo project in Peru. There are other options on the table that could be game changing for ...more  
Comment by bonsai2 on Oct 20, 2024 6:24am
Thank's for the positive comment. So we have to hold on through anyway and see how things work out at El Oro. It's just tough sometimes when permits, drilling results etc. take longer than expected and no market movement for the share price.. holding on!
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