Xali Gold Signs Agreement with Barrick in Peru -November 28, 2023 at 07:01 am
Official XALI GOLD CORP. press release
As per the Agreement, Barrick must pay Xali Gold
“Xali Gold’s history in the area dates as far back as 2002 when the Candente Resources Peru team recognized a superposition of both high and low-sulfidation styles of mineralization, alteration and geochemical anomalies, which manifested in both high-grade vein hosted silver mineralization as well as potential for bulk tonnage high-sulfidation style gold mineralization,” says
The three main known veins show a fan-like outcrop pattern converging on the Casua claim, making it a highly prospective exploration target. The most prolific vein found to date, the Pataqueña, has seen only minimal near surface exploitation and exploration. It has now been traced for over one kilometer and remains open to the north and south. Silver values from surface sampling and historic mine dump piles are detailed in Tables 1 and 2 below.
Table 1: Grabs from Historic Mine Dump Piles
Width* | Silver (Oz/t) | Silver (g/t) | Lead (%) | Zinc (%) |
N/A | 31.18 | 1,069 | 10.00 | 1.88 |
N/A | 38.20 | 1,310 | 8.55 | 1.42 |
N/A | 15.60 | 535 | 7.56 | 2.14 |
N/A | 68.08 | 2,334 | 0.27 | 1.19 |
N/A | 67.99 | 2,331 | 0.28 | 1.89 |
N/A | 60.41 | 2,071 | 3.63 | 1.70 |
* Selected samples with no true width
Table 2:
Width (m) | Silver (Oz/t) | Silver (g/t) | Lead (%) | Zinc (%) |
1.00 | 11.03 | 378 | 2.05 | 0.07 |
0.40 | 14.67 | 503 | 0.18 | 0.01 |
0.10 | 13.88 | 476 | 0.54 | 0.11 |
0.50 | 8.25 | 283 | 10.00 | 1.59 |
0.20 | 23.80 | 816 | 2.63 | 3.10 |
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Modern understanding of epithermal vein systems indicates that several of the El Oro district’s veins hold excellent discovery potential, particularly below and adjacent to the historic workings of the San Rafael Vein, which was…
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