Xali Gold Completes Due Diligence Visit, Confirms Data Integrity and Exploration Upside at Pico Machay Gold Project in Peru

Core Insights - Xali Gold Corp. has completed due diligence site visits for the Pico Machay Gold Project in Central Peru, confirming the quality of historical work and supporting the acquisition through a Share Purchase Agreement with Pan American Silver Corp. [1][2] Group 1: Project Overview - The Pico Machay Project has a historic Measured and Indicated Resource of 264,600 ounces of gold and an additional Historic Inferred Resource of 446,000 ounces of gold [6]. - The alteration footprint of the project is significantly larger than previously understood, measuring approximately 4.1 km by 1.3 km, indicating substantial exploration potential [3]. Group 2: Due Diligence Findings - Three site visits conducted between June and November 2025 have provided strong confidence in the integrity of historical work, with verification of the geological model and drill collar locations [2][4]. - New rock chip samples collected during the site visits confirm both higher-grade and lower-grade gold and silver values, reinforcing the strength of the mineralized system [5]. Group 3: Future Plans - An updated National Instrument 43-101 report is being prepared, which will serve as the foundation for converting the historic mineral resource estimate to a current estimate [2][5]. - The extensive undrilled areas within the alteration system present exceptional opportunities for resource expansion and new discoveries [3].