Xali Gold to Acquire Pico Machay Gold Project from Pan American Silver for $15M.

Xali Gold Corp. has acquired the Pico Machay Gold Project in Peru from Pan American Silver Corp. and its subsidiary Aquiline Resources Inc. The project has a historic measured and indicated resource of 264,600 oz of gold and an additional inferred resource of 446,000 oz of gold. The acquisition represents a significant step forward for Xali Gold Corp.