Xali Gold: (XGC:TSXV) Positioned For Near Term Revenue As Tailing's Re-Processing Development Begins

AGORACOM Small Cap CEO Interviews - Podcast autorstwa AGORACOM

Kategorie:

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.

Visit the podcast's native language site