Xali Gold Corp. (TSE:XGC) has released an update.
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Xali Gold Corp. has partnered with Rio Verde Resources, granting them rights to explore and extract precious metals from the historic El Oro 5 Concessions in Mexico. This agreement, leveraging high gold prices and Rio Verde’s efficiency, aims to monetize existing resources and reduce Xali Gold’s debt while retaining significant exploration potential below 2400 meters. The initial term is five years, with a possible extension, contingent on Xali Gold’s annual benefits reaching $1 million.
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