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Xali Gold Files Technical Report on the Pico Machay Gold Project in Peru
VANCOUVER, British Columbia, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) ("Xali ...
About this update from Xali Gold Corp.
[{"type":"text","content":"Xali Gold Files Technical Report on the Pico Machay Gold Project in Peru\n\n\n\n VANCOUVER, British Columbia, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) (\"Xali Gold” or the “Company”) is pleased to announce that it has filed the National Instrument 43-101 (“NI 43-101”) compliant report titled “Technical Report Pico Machay Gold Deposit, Huancavelica Province, Peru” effective November 18\n \n th\n \n , 2025 and dated December 4\n \n th\n \n , 2025 (the “Technical Report”) on SEDAR+. This Report was prepared by David Thomas, P.Geo., of DKT Geosolutions Inc., on behalf of Xali Gold to comply with TSX Venture Exchange (“TSX-V”) requirements related to the acquisition of the Pico Machay Gold Project (“Pico Machay” or the “Project”).\n \n\n A Share Purchase Agreement (“SPA”) to acquire the company Minera Calipuy for Pico Machay was entered into by the Company on October 23\n \n rd\n \n , 2025 (see\n \n October 24\n \n\n\n th\n \n\n\n , 2025, news release\n \n ), and the transaction is expected to close in the next few weeks. The transaction is subject to TSX-V acceptance.\n \n\n “Completing this Technical Report is a fundamental step in the completion of the acquisition of the Pico Machay Gold Project,” stated Joanne Freeze, President and CEO of Xali Gold. “We strongly believe Pico Machay has the potential to add immediate and long-term value for our shareholders, and we look forward to unlocking that value through experienced exploration and development and responsible development.”\n \n\n Mr. Thomas is an Independent Qualified Person (“QP”) for the Company and Pico Machay. In addition to conducting the work required for the preparation of the Technical Report, he has been part of Xali Gold’s Pico Machay Due Diligence team, which commenced a detailed review of all technical information available for the Project in May 2025. The Technical Report is an update of a previous NI43-101 Independent technical report completed by Caracle Creek International Consulting Inc. on November 25\n \n th\n \n , 2009, for Aquiline Resources Inc. (“Aquiline”).\n \n\n The Technical Report was prepared and completed in accordance with the Canadian Instit...