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Xali Gold Provides Update on South American and Mexican Projects
VANCOUVER, British Columbia, July 29, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) ("Xali ...
About this update from Xali Gold Corp.
[{"type":"text","content":"Xali Gold Provides Update on South American and Mexican Projects\n\n\n\n VANCOUVER, British Columbia, July 29, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) (\"Xali Gold” or the “Company”) is pleased to advise that, aside from the Sarape Project in Mexico, the Company has decided to shift its exploration focus to South America.\n \n\n “Given the current price of gold, we have been searching for and evaluating advanced projects which could potentially be developed on a shorter timeline than our current exploration projects,” said Joanne Freeze, President and CEO of Xali Gold. “While we have been reviewing many projects in Argentina, Peru, Chile and Mexico, our first preference is to secure an advanced-stage project in Peru with a significant gold resource and a Preliminary Economic Assessment (“PEA”). I have worked in Peru since the 1990’s when Antamina, Yanacocha, Pierina and many other prolific mineral deposits were all discovered and developed so I have a solid base from which to recognize opportunity. We believe that our team’s extensive experience and focus has excellent potential to unlock significant value.”\n \n\n Within Mexico, Xali Gold has most recently been advancing the Sarape silver-gold Project (“Sarape”) under option from Advanced Lithium Corp. Sarape is located in the Rio Sonora Valley of northern Mexico, a prolific gold-silver mining district that includes First Majestic Silver’s Santa Elena/Ermitano Mine, Premier Gold Mines’ Mercedes Mine and Coeur Mining’s Las Chispas Mine which was recently purchased by Coeur from Silvercrest for C$2.4 billion\n \n 1\n \n .\n \n\n Recent work by Xali Gold’s exploration team at Sarape has identified significant evidence of the potential for higher grade gold and silver mineralization at depth and laterally from previous drilling. Compelling drill target generation work is underway for drilling planned for Q4 2025/Q1 2026.\n \n\n Xali Gold has recently discovered that nine mining concessions in El Oro have been declared as “cancelled” by the Mexican Mines Bureau (“MMB”). These nine concessions account for approximately 35% of the land package at the El Oro Project. The remaining El Oro Concessions are still effective and in nor...