- majority of historic exploration and development was conducted in only 2 of the over 50 known veins in the El Oro district - all now held by Xali Gold
- historic production of over 8 million ounces of gold equivalent also from only 2 of over 50 known veins
- historic production was over an average of only 200 metres vertically
- majority of the exploration and development was completed prior to the mid 1900s - well before modern concepts such as the Buchanan Model were developed
- extensive evidence of a stacked system similar to Guanajuato, Fresnillo, & Pinos Altos where multiple new ore bodies have recently been found up to 650m below old workings
Xali Gold has earned an undivided 100% interest in the El Oro district, from Goldcorp S.A. de C.V., having acquired the remaining 30% minority interest by agreeing to pay 5M shares to Goldcorp in January of 2017. In July 2024, Xali Gold signed a legally binding Letter of Intent ("LOI") with Rio Verde Resources on portions of five mining concessions. Rio Verde has been granted the exclusive right to explore and extract gold, silver and any other economic minerals that may be found above the 2400m level in the historic workings covered by those 5 concessions in exchange for payment of a 3% Net Smelter Return.
The Potential for El Oro to Host Significant Additional Gold Resources Is Exceptional
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About Rio Verde
Rio Verde is a private company controlled and managed by Keith Piggott, the former President and CEO of Goldgroup Mining Inc and Core Gold Inc. In addition to significant exploration success, he has started 3 mines: Cerro Colorado, El Boludo and Cerro Prieto in Sonora, Mexico plus a greenfields start in record time of 3 months in Ecuador.