Xali Gold Completes 50% Sampling at Pico Machay Gold Project in Peru
Xali Gold has successfully completed over half of its initial underground and surface rock chip sampling at the Pico Machay gold project located in central Peru. The company has gathered a total of 125 samples, which have been sent for geochemical and assay analysis. This phase of the project involved collecting 36 underground samples and 89 surface samples from mineral-rich areas. The sampling process included geological mapping to identify lithological, alteration, and mineralization contacts, followed by systematic sampling with lengths typically between 2m and 4m. The underground sampling was conducted in two north-south oriented galleries, while surface sampling involved cutting channels over outcropping mineralization. The results from this program aim to update and potentially enhance the historical resource to a compliant mineral resource estimate by the third quarter of 2026, as well as advance a preliminary economic assessment.