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Xali Gold Corp. Finalizes Locations for Drill Pads at El Oro, Mexico

Xali Gold Corp., a Canada-based company declared that, based on three-dimensional (“3D”) modeling and surface area review, it has finalized locations for drill pads for the 100% held El Oro gold-silver Project located in Mexico.

Xali Gold Corp. Finalizes Locations for Drill Pads at El Oro, Mexico.

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New drill targets determined by utilizing the 3D Leapfrog model and drill holes have been specifically developed to test possible extensions to high-grade gold and silver zones sectioned by early drilling.

Depending on the surface area review, a sum of 20 locations were chosen as potential drill pad locations from which to test such new targets. Few of the pads will be utilized for multiple holes. Such drill pad locations will be included in the permit application which will be submitted briefly.

Listed below are the Mexico-Esperanza high-grade intersections at the El Oro Project

  • 16.7 g/t Au and 32.5 g/t Ag over 1.4 m
  • 30.7 g/t Au and 3.0 g/t Ag over 1.9 m
  • 12.8 g/t Au and 44.0 g/t Ag over 0.5 m
  • 13.7 g/t Au and 6.5 g/t Ag over 3.0 m
  • 2.4 g/t Au and 372 g/t Ag over 0.5 m
  • 18.1 g/t Au and 137 g/t Ag over 0.4 m and
  • 1.0 g/t Au and 5.0 g/t Ag over 75 m

We are now one step closer to getting back to drilling at our flagship project, El Oro. The El Oro district, which we hold 100% of, is a well-known historic mining district with over 8 million ounces of gold equivalent produced historically from only 2 of more than 50 known veins.

Joanne Freeze, President and CEO, Xali Gold Corp.

Freeze continued, “While we knew we have a stacked boiling system, the new 3D modeling has really helped us understand the spatial relationships between the various high-grade intersections in different veins.

The disseminated and high-grade intersections are literally stacked above one another, indicating a structural control with a vertical component. The disseminated gold mineralization in the tuffaceous horizon is also indicative of an underlying feeder vein system.

Joanne Freeze, President and CEO, Xali Gold Corp.

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