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Xali Gold Receives Green Light from Community, Pico Machay Gold Project in Peru
VANCOUVER, British Columbia, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) (ȁ...
About this update from Xali Gold Corp.
[{"type":"text","content":"Xali Gold Receives Green Light from Community, Pico Machay Gold Project in Peru\nVANCOUVER, British Columbia, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) (“Xali Gold” or the “Company”) is pleased to announce that on Sunday February 22nd, 2026, the community of Santa Ana authorized the Company to further advance mining exploration activities at the Pico Machay Gold Project (“Pico Machay” or the “Project”) in Peru.   “This agreement underscores the strong, constructive relationship we are building together with the community of Santa Ana,” said Joanne Freeze, President and CEO of Xali Gold. “It provides a clear pathway for Xali Gold to progress its field work and continue to build a long-term partnership focused on shared benefits, transparency and responsible development throughout the life of the Pico Machay Project.” Photos from Santa Ana February 22, 2026 Community Meeting The Company will immediately initiate its planned comprehensive field program designed to unlock the Project's potential and establish a development timeline by updating exploration, engineering and economic studies previously conducted from 1999 through 2009. Alongside geological and technical work, the Company will continue community engagement and agreement discussions as well as advance environmental studies. GEOLOGICAL AND TECHNICAL WORK (as per the Phase I Program outlined in the Pico Machay Technical Report filed on December 16, 2025): Analysis of Historical Drill Results: Systematic relogging of historical reverse-circulation (“RC”) drill cuttings, documenting lithologies, alteration and mineralization as well as a detailed review of all assays, descriptive data and interpretations to improve the understanding of controls on mineralization (commenced January 2026)Advanced Modelling: Reconstruction of the geological and resource models using 3D Software to optimize the understanding of the depositMapping and Reconnaissance: Geological mapping of the entire property to better define stratigraphy and mineralization controls as well as better delineate undrilled exploration targetsSampling: Collection of rock chip and bulk sampling, both on surface and within all current underground workings SOCIAL - COMMUNITY ENGAGEMENT AND AGREEM...