Xali Gold Acquires Pico Machay Gold Project in Peru, Expanding Presence in World's Most Prolific Epithermal Gold-Silver Country

Xali Gold Corp. has acquired the Pico Machay Gold Project in Peru from Pan American Silver Corp. The project has a Historic Measured and Indicated Resource of 264,600 oz of gold and an additional Historic Inferred Resource of 446,000 oz of gold. Xali Gold plans to update the resource estimate and previous engineering studies with a near-term production goal and test exploration targets for potential resource expansion.