Xali Gold Corp. has started work on the newly acquired Pico Machay Gold Project in Peru. Community engagement and technical field work for drilling permits are underway. The company has a fourfold strategy for production and exploration, including detailed sampling, environmental reports, economic assessments, and community agreements.

Pico Machay, located in a well-established mining area in Peru, was discovered in 1997 and explored until 2009. The project has a historical measured and indicated resource of 264,600 ounces of gold and an inferred resource of 446,000 ounces. Xali Gold sees strong upside potential due to untested exploration targets.

The technical report for Pico Machay was prepared by David G. Thomas, P.Geo., and filed on www.sedarplus.ca. All resource estimates are historical and based on previous data. Xali Gold aims to advance the project to production with a near-term goal. The company maintains exploration potential and two royalty agreements for the El Oro project in Mexico.

Forward-looking statements in the press release include the timing of payments, exploration work, community engagement, and production plans. Risks associated with project development, funding, mineral resources, and market conditions are highlighted. Xali Gold cautions investors about uncertainties and factors that could affect outcomes and results.

Read more at GlobeNewswire: Xali Gold Commences Work on Pico Machay Gold Project in