Xali Gold Corp. has successfully acquired the Pico Machay Gold Project in Peru, aiming for near-term production. The company paid an initial $500,000 and has up to $17M in deferred payments secured by Promissory Notes, Share Pledge Agreement, and Mortgage Agreement. The Project holds an existing 1% NSR royalty and has a Comprehensive Registry of Mining Formalization. Xali Gold plans to engage with the local Santa Ana community for mutual benefit. The company is committed to responsible community engagement and exploration in the Americas. CEO Joanne Freeze is leading the effort to unlock value in the Pico Machay Project.

Read more at GlobeNewswire: Xali Gold Closes Acquisition of Pico Machay Gold Project