Xali Gold (TSX-V:XGC) has appointed Susan J. Mitchell as senior financial adviser to support its corporate financing strategy as it advances the Pico Machay Gold Project in Peru.
Mitchell brings more than 40 years’ experience in mining finance, including raising capital, structuring transactions, and advising junior explorers and larger mining businesses.
The appointment comes as Xali prepares a 3,000m diamond drilling program, including approximately 2,000m to twin selected historical reverse circulation drill holes and support an updated mineral resource estimate and preliminary economic assessment. Drilling remains subject to regulatory approval.
As previously reported by Mining.com.au, Xali completed a public information workshop with the Santa Ana community on 7 October as part of the environmental permitting process.
President and CEO Joanne Freeze says Mitchell’s background will help the company evaluate potential funding sources as it considers the next stages of work at Pico Machay.
“Her background combines an understanding of the financing needs of junior companies with experience in structuring and closing transactions for mining operations,” Freeze says.
Mitchell previously held senior finance roles at Cyprus Amax Minerals and Westdeutsche Landesbank in New York, US, where she established a mining structured finance business.
Since 2004, she has led S Mitchell & Associates, advising companies on financing, acquisitions, and financial structuring.
Xali Gold is a Canadian gold and silver explorer focused on projects in the Americas, including Pico Machay and its El Oro interests in Mexico.
Write to France Pinzon at Mining.com.au
Main image: Xali Gold
