US EditionXali Gold Outlines Plans for Pico Machay Gold Project in Peru
Xali Gold aims to update historic gold resources of 264,600 oz and advance exploration to enable near-term production at the Pico Machay Project in Central Peru.
- On Oct. 28, 2025, Xali Gold Corp. announced plans to advance the Pico Machay Gold Project in Central Peru, acquired via a Share Purchase Agreement with Pan American Silver Corp. and Aquiline Resources Inc.
- Joanne Freeze, President & CEO of Xali Gold, plans to update historic resources over six months, citing upside from the US$700 per ounce assumption, supported by a site visit from October 21, 2025, where David Thomas collected 26 samples.
- Technical reports dating to 2009 underpin the historic Measured and Indicated resource of 264,600 ounces and Historic Inferred resource of 446,000 ounces on seventeen claims covering 4,700 hectares with 154 holes drilled and nine untested targets.
- The SPA ties $17.5M in deferred payments to secured instruments over Calipuy and project properties, including $15M paid over 5 years plus $2.5M contingent on delineating 1.25M oz Au, while Pan American Silver Corp. retains security interests.
- The company notes historical estimates remain historical and may require redrilling and verification to be current resources, and it can conduct exploration, bulk sampling and metallurgical testing without extra permits while applying for drill permits.
13 Articles
13 Articles
Xali Gold Outlines Plans for Pico Machay Gold Project in Peru (2025-10-28)
-Xali Gold Corp. is pleased to announce plans to advance the Pico Machay Gold Project in Central Peru. The Pico Machay transaction is considered a fundamental acquisition for Xali Gold and therefore, pursuant to Policy 5.3, was pending the receipt and review of acceptable documentation by the TSX Venture Exchange. The TSX-V has now advised the Company that with...
Xali Gold reinforces its presence in Peru with the acquisition of the gold project Pico MachayAfter announcing this month the acquisition of the gold project Pico Machay (Huancavelica), the Canadian Xali Gold Corp. confirmed its intention to start activities in its new property after concluding an agreement with Pan American Silver and its subsidiary Aquiline. In that framework, the company outlined an immediate plan for exploration, large-scale…
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