Xali Gold Files Technical Report on the Pico Machay Gold Project in Peru

Core Viewpoint - Xali Gold Corp. has filed a National Instrument 43-101 compliant Technical Report for the Pico Machay Gold Deposit, which is a crucial step in the acquisition process of the project, expected to enhance shareholder value through exploration and development efforts [1][3]. Company Overview - Xali Gold is a gold and silver exploration company focused on advancing opportunities in the Americas, particularly through the acquisition and development of the Pico Machay project in Peru [6]. - The company also holds exploration potential and two royalty agreements at El Oro in Mexico, a historic gold-silver production area [7]. Project Details - The Pico Machay Project is an advanced exploration stage gold project located in the Huancavelica province of Peru, with a near-term production opportunity [5]. - Previous engineering studies conducted between 2005 and 2009 indicated a low-cost open pit heap-leach operation, with significant upside potential due to untested exploration targets [5]. Technical Report - The Technical Report was prepared by David Thomas, P.Geo., and complies with Canadian Institute of Mining, Metallurgy and Petroleum standards, ensuring transparency and reliability in the reporting of mineral resources [4]. - This report updates a previous NI 43-101 report from 2009, reflecting ongoing due diligence and technical review efforts by Xali Gold [3].