Xali Gold Corp. Announces Buyback of NSR Royalty and Provides Update on Casua Property
Xali Gold Corp. (TSXV:XGC) is pleased to announce the buyback of a 1.5% Net Smelter Return (NSR) royalty over the Casua Property from Minera Silex Peru S.R.L., a subsidiary of Golden Minerals Company. The Casua Property, located in southern Peru, is a silver-rich low sulphidation vein system. Sampling has revealed high grades of silver, lead, and zinc, with additional gold levels in the surrounding alteration. Xali Gold holds a 100% interest in the property and is excited to resume exploration activities while working on generating near-term cash flow from its Mexican assets.
Terms of the Buyback
The buyback terms include a cash consideration of US$20,000 and the issuance of common shares to Golden Minerals. Additional consideration shares will be issued upon the completion of drilling or the completion of a Preliminary Economic Assessment (PEA) or other positive engineering study on the property.
Mexico Properties and Assets
Xali Gold's El Oro Project in Mexico, with past production of 8 million ounces of gold equivalent, remains a valuable asset with significant discovery potential. The company is focused on building local partnerships for its Mexican assets, which have the potential to provide near-term cash flow. Negotiations are underway to monetize the San Dieguito de Arriba Plant in Western Mexico, which is strategically located near small, rich mines in the area.
Conclusion
Xali Gold is committed to responsible community partnerships and is dedicated to exploring and developing its gold and silver projects in Peru and Mexico. The company's recent buyback of the NSR royalty and ongoing exploration efforts demonstrate its commitment to unlocking the full potential of its properties.
A Hot Take on Xali Gold Corp.'s Buyback of NSR Royalty and Update on Casua Property
The recent announcement by Xali Gold Corp. regarding the buyback of a 1.5% Net Smelter Return (NSR) royalty and the update on the Casua Property has significant implications for new businesses in the mining sector. The company's strategic move to regain full control over the silver-rich property in Peru and its commitment to exploration activities underscore the potential profitability of such investments.
Implications for New Businesses
Xali Gold's actions provide a roadmap for new businesses on how to strategically manage their assets. The buyback of the NSR royalty demonstrates the value of retaining full control over potentially lucrative properties. Meanwhile, the company's ongoing exploration activities highlight the importance of continuous investment in research and development.
Focus on Local Partnerships
The company's focus on building local partnerships for its Mexican assets is a testament to the importance of community engagement in the mining sector. New businesses can learn from this approach and strive to build strong relationships with local stakeholders to ensure sustainable operations.
Conclusion
In conclusion, Xali Gold Corp.'s recent actions offer valuable insights for new businesses in the mining sector. By strategically managing their assets and building strong local partnerships, these businesses can unlock the full potential of their properties and ensure long-term success.
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