Xali Gold is an enviable sweet spot for amongst it peers. They are just beginning to reap the rewards of their organic growth strategy through receipt of their first revenue.
Xali Gold has assembled a Western Mexico project portfolio of exploitable gold assets, and in doing so developed a strategy for organic growth.
It doesn't stop there either, Xali is generating revenue to develop its Flagship Gold Project El Oro, a prolific high-grade gold-silver epithermal vein system. By acquiring gold and silver projects in western Mexico with near term revenue and exploration potential, Xali is positioning itself to fund it's own growth and chart its own development, free from the expense and dilution of raising capital.
They are very much on track to achieve this as they have received the first tranches from the El Oro Tailing's Reprocessing project. Optioned to Sun River Gold, the agreement calls for advanced NPI ( Net Profit Interest ) payments of US$15,000 per month upon commercial production. Until that is achieved Xali receives 50K$ a month, then retaining the first 1.5Million from the "NPI".
The Mexico Mine Tailings contain an Inferred Resource* of 1,267,400 Tonnes grading 2.94 Au g/t, 75.12 Ag g/t containing 119,900 ounces of gold and 3,061,200 ounces of silver.
The strategy behind all this is due to EL Oro. There is tremendous exploration discovery potential.It was one of Mexico's highest grade historic gold and silver producers. It has already demonstrated 8 million Gold Equivalent ounces mined, or 6.4 million ounces of gold and 74 million ounces of silver from just 2 of the known veins on the property.
There is ample evidence of more veins and mineralization that has not been exploited, 31 other exploration targets have been identified and management believes they have a " stacked system ", which is a fancy way of saying mineralization on top of mineralization; potentially making future economics very compelling.
If proven it will elevate Xali into a completely different type of company. Sit back and enjoy this great interview with CEO Joanne Freeze as she walks us through the strategy and potential upside of exploiting El Oro Gold project with further high grade discoveries.