Xali Gold Corp. announced that it has signed an Option Agreement with Barrick Gold Corporation on the Tres Marias Property located in southern Peru. As per the Agreement, Barrick must pay Xali Gold.
VANCOUVER, British Columbia, Nov. 28, 2023 (GLOBE NEWSWIRE) Xali Gold Corp. (TSXV:XGC) ("Xali Gold” or the “Company”) is pleased to advise that it has signed an Option Agreement (the “Agreement”) with Barrick Gold Corporation (“Barrick”) on the Tres Marias Property (“Tres Marias” or the “Property”) located in southern Peru. As per the Agreement, Barrick must pay Xali Gold US$175,000 over a 5-year period and spend $500,000 in exploration work to earn 100% of the Property subject to Xali Gold r