Developing A Cash Flowing Business Platform Around Mexican Mining Assets
Low Risk, Near Surface Production and Exploration
Why Xali Gold Corp?
Xali Gold Highlights:
- Acquired SDA plant: Cornerstone of growth strategy
- El Dorado mine primary target to provide feed for SDA plant
- Cocula: Xali has the right to receive 70% of profits derived from mining and processing of the deposit.
- El Oro Gold District: Candente Gold's flagship asset is a district scale gold project having previously produced 8 million-ounce AuEq
- All projects geared toward funding the advancement of El Oro exploration
El Dorado Project:
Candente Gold has the right to earn up to a 100% interest in both the San Dieguito de Arriba beneficiation mill ("SDA plant") and the El Dorado property in Nayarit State, Mexico through a MOU with Magellan Acquisition Corp.
Xali has the right to receive 70% of profits derived from mining and processing of the deposit.
- One of the cornerstones in Western Mexico production platform, hosting shallow mineralizatio.
- 54m @ 4.97 g/t Au -trench
- 37.5m @ 1.3 g/t Au including 7.5m @ 5.8 g/t Au in a vertical drill hole beneath the trench
- Targeting near term, low cost production potential by leaching and/or flotation
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.
- Plan to use mill to develop cash flow through toll milling or processing ore from property deals.
El Oro Gold District – Primary focus is the past San Rafael Vein
- 110 km WNW of Mexico City
- 27 claims covering 17,960 hectares
- Excellent access -paved highway to project
- Mining friendly population
- Excellent infrastructure & services
- Power to Site
The San Rafael Vein: 2.4km of strike of high-grade Epithermal veins
- 31 exploration targets identified by Candente
- Identified by gold and silver surface rock sampling
El Oro Historic Production of 8 million ounces of gold equivalent at the San Rafael Vein
- Average grades: 10-12 g/t gold & 120-160 g/t silver
- Average Widths: 3 to 10 metres
- Bonanza grades: up to 50 g/t gold & 500 g/t silver
- Widths: up to 70 metres in places
Mined from 1896 to 1929 by 3 companies concurrently in 3 contiguous sections:
- Mexico Mine (North)
- Esperanza Mine (Central)
- South Mine (South)
Flooding in one section of the San Rafael vein in 1929 resulted in the other two sections flooding and work ceasing abruptly and unexpectedly
The Full Potential of the San Rafael Vein has Never Been Properly Investigated.