Developing A Cash Flowing Business Platform Around Mexican Mining Assets
Low Risk, Near Surface Production and Exploration
Message: VIDEO: Xali Gold: (XGC:TSXV) Positioned For Near Term Revenue As Tailing's Re-Processing Development Begins
Xali Gold has assembled a Western Mexico project portfolio of gold assets and are developing a strategy for organic growth to exploit its Flagship Gold Project El Oro, a prolific high-grade gold-silver epithermal vein system.
El Oro produced a reported 6.4 million ounces of gold and 74 million ounces of silver from just 2 of the known veins on the property.
In order to develop El Oro, Xali is developing gold and silver projects with near surface exploration potential & near-term production potential to fund its development organically.
One of these projects that can create value for Xali is the El Oro Tailings Reprocessing Project. Xali Gold has an agreement with the municipality of El Oro which provides the Company the right to recover all available gold and silver from the tailings deposit.Xali Gold also retains the first US$1.5M from an 8% NPI ( Net Profit Interest ) payable to the Municipality.A private company " Sun River Gold" acquired the option to develop the project and recently announced its intent to begin developing, meaning that Xali can anticipate receiving revenue once production is established.
Mexican Near Term Assets
El Dorado Gold-Silver Project: - Rights to the El Dorado gold and silver historic mines was the initial step in this strategy, providing Xali the right to explore and produce gold, silver and other metals for life of mine.
Cocula Gold Project: profit-sharing agreement -
- Near term, low cost production potential by leaching and/or flotation -
- Retain 70% of profits -
- Recent drill targets Identified
Acquisition of the “SDA” Plant:
The SDA Mill is a fully operational flotation plant which also includes a precious metals leach circuit, Merrill Crowe system and associated assets, licenses and agreements, suitable for treating high grade gold and silver mineralization.
These assets are being positioned to create cash flow to develop Flagship El Oro Gold District where the primary focus is the past producing San Rafael Vein, 2.4km strike of high-grade Epithermal gold and silver.
The project covers 20 veins with past production and more than 57 veins in total where Xali has identified 31 exploration targets they wish to pursue as the project remains largely under-explored.
The financial benefits from Western Mexico operations will translate across platforms to strengthen the company’s efforts to explore and potentially mine areas demonstrated to contain mineralization, and in turn develop value for Xali and its shareholders.
Sit back and have a listen to this great interview with Joanne C. Freeze, P.Geo., President & CEO as she speaks to Xali executing on its organic growth strategy in Mexico.
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