{"id":9505,"date":"2025-02-05T15:53:27","date_gmt":"2025-02-05T15:53:27","guid":{"rendered":"https:\/\/northamericanmining.com\/?p=9505"},"modified":"2025-02-05T15:53:33","modified_gmt":"2025-02-05T15:53:33","slug":"xali-gold-begins-el-oro-underground-work","status":"publish","type":"post","link":"https:\/\/northamericanmining.com\/index.php\/2025\/02\/05\/xali-gold-begins-el-oro-underground-work\/","title":{"rendered":"Xali Gold begins El Oro underground work"},"content":{"rendered":"\n

Xali Gold has signed a definitive agreement with Remedioambiente to start underground test work at its flagship El Oro project in Mexico. <\/p>\n\n\n\n\n\n\n\n

\u201cWe are very pleased to have the underground work commencing at El Oro. The Remedioambiente team has an impressive track record of achieving production rapidly, delivering strong profits, and uncovering valuable mineral deposits,\u201d said Joanne Freeze, president and CEO of Xali Gold.<\/p>\n\n\n\n

\u201cOur agreement with them not only preserves the exploration potential we\u2019ve identified below the historic workings but also paves the way for collaborative testing of exploration concepts, underground access for drilling our previously defined high-grade targets under the historic workings, and the opportunity to get up to date on mineral rights fees.\u201d <\/p>\n\n\n

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Photo: Xali Gold<\/em><\/figcaption><\/figure>\n\n\n

The agreement supersedes a binding letter of intent dated July 22, 2024, and provides for an initial term of five years, which may be extended for an additional five years providing Remedioambiente is spending a minimum US$1 million per year on the property. <\/p>\n\n\n\n

The initial work will focus on identifying the most effective recovery methods for gold and silver as well as establishing the best underground access. Xali Gold said it is to be paid a Net Smelter Return of approximately 3% on all gold and silver recovered by Remedioambiente from the historic workings above the 2400 meter level.<\/p>\n\n\n\n

Xali Gold retains the exclusive ownership of all mineral bodies discovered or delineated below the 2400 m level.<\/p>\n\n\n\n

El Oro is a district scale historic producer of more than 8 million ounces of gold equivalent. The project covers 20 veins with past production and more than 57 veins in total.<\/p>\n\n\n\n

Source: <\/em>Xali Gold<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Xali Gold has signed a definitive agreement with Remedioambiente to start underground test work at its flagship El Oro project in Mexico. <\/p>\n","protected":false},"author":1,"featured_media":9507,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[495],"tags":[3590,114,3589],"coauthors":[1644],"class_list":["post-9505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-remedioambiente","tag-underground-mining","tag-xali-gold"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t