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202625 releases
Xali Gold Submits FTA Application and Selects Drill Contractor for Pico Machay
Xali Gold has submitted its Ficha Técnica Ambiental (FTA) application to Peru's Ministry of Energy and Mines (MINEM) for resource confirmation and exploration drilling at the Pico Machay Gold Project in Huancavelica, Peru, and has signed GEMA to carry out an initial 3,000-metre diamond drilling program. The company anticipates a review and approval period of approximately 10 days and targets drilling to start in early November 2026, subject to permits.
CorporateXali Gold Completes FTA Application for Drilling and Outlines Development Team for Pico Machay
The Ficha Técnica Ambiental application for resource confirmation and exploration drilling at the Pico Machay gold project in Huancavelica, Peru has been completed, with submission to Peru's Ministry of Energy and Mines expected October 21 or 22, following an informative workshop held October 7, 2026 with the Comunidad Campesina de Salcca Santa Ana. The initial program covers approximately 3,000 metres of diamond drilling, including about 2,000 metres twinning previous reverse circulation holes; the permit would allow up to 20,000 metres from 20 platforms. Xali also granted 1,600,000 stock options at $0.20 for five years.
CorporateXali Gold Appoints Susan Mitchell as Senior Financial Advisor
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ManagementXali Gold Completes Public Workshop, Advancing Exploration Permitting at Pico Machay in Peru
A public information workshop required for the Ficha Técnica Ambiental (FTA) approval process at the Pico Machay Gold Project in Huancavelica, Peru was completed on October 7, 2026, organized by Peru's Ministry of Energy and Mines with about 60 residents of the Comunidad Campesina de Salcca Santa Ana attending. Xali Gold targets FTA submission next week, with review and approval anticipated to take about 10 days. The planned 3,000-metre diamond drill program includes roughly 2,000 metres twinning historical reverse-circulation holes.
CorporateXali Gold Advances PEA Team and Updated Resource and Development Programs at Pico Machay in Peru
Work has begun on an updated mineral resource estimate and a Preliminary Economic Assessment at the Pico Machay gold project in Peru, with a multidisciplinary engineering team assembled and a Leapfrog 3D geological model expected to be completed by the end of September 2026. Three contractors have bid on a planned 3,000 m diamond drill program, including roughly 2,000 m twinning historical reverse-circulation holes. A Ficha Técnica Ambiental submission is planned about a week after an early-October community workshop, and a Vantage Pro2 Plus meteorological station is being installed for the EIA-d.
Study resultsXali Gold Provides Update on El Oro Projects in Mexico
Discussions have begun regarding a potential sale of Xali Gold's El Oro hard-rock interests in Mexico to companies with operations there, with a significant reduction of the El Oro property position and associated mineral rights fees as an alternative, as the Company prioritizes the Pico Machay Gold Project in Peru. Two further claims were cancelled by the Mexican Mines Bureau without the required 60-day notice, adding to nine previously reported; the Company does not intend to challenge two large cancelled claims that comprised 76.28% of 2025 El Oro fees.
CorporateXali Gold to Present at the Moody Capital Solutions 2026 Conference
Xali Gold Corp. will participate in the Moody Capital Solutions 2026 Disruptive Growth & Life Sciences Conference, held September 9–10, 2026 in New York City. President and CEO Joanne Freeze will present at 1:45pm ET on Wednesday, September 9 at The Westin New York Grand Central and hold one-on-one investor meetings. The presentation will cover the Pico Machay Gold Project in Peru, including the planned diamond drill program and work toward an updated Mineral Resource Estimate and Preliminary Economic Assessment.
CorporateXali Gold Advances Permitting and Contractor Selection for Drilling at Pico Machay
Permitting is advancing for a planned 3,000 m diamond drill program at the Pico Machay gold project in Peru, with the Ficha Técnica Ambiental drilling permit application nearing completion following a meeting with Peru's DGAAM. About 2,000 m will twin 10% of historical resource holes to support an updated resource estimate, with the remaining 1,000 m targeting high-grade controls; drilling is targeted to begin by end of September 2026 using two drills, subject to permits.
CorporateXali Gold Continues to Demonstrate the Scale and Grade of Gold Mineralization at Pico Machay
Assay results are complete for all 197 samples from the initial underground and surface channel and rock chip sampling program at the Pico Machay gold project in Central Peru. Surface Channel 1 returned 2.92 g/t Au over 31.5 m, including 13.76 g/t Au over 4.5 m, and 67 of 119 surface samples exceeded 0.50 g/t Au. Eleven of 13 known underground workings, spanning 1.35 km by 825 m, expose high-sulphidation epithermal mineralization; ten exploration targets have now been defined.
Drill resultsXali Gold Strengthens Technical Team at Pico Machay
Ing. Wilder Frank Garcia Haro has been appointed Exploration Manager, effective immediately, bringing more than 30 years of exploration and mine development experience, including senior roles at the La Arena and Shahuindo mines in Peru from 2012 to 2019. Ing. Enrique Bernuy moves to Consulting Geologist and Ing. Oswaldo Ramos becomes Project Geologist as Xali Gold advances Pico Machay in Peru toward an updated resource estimate and PEA.
ManagementXali Gold Announces Community Agreement for Advancing the Pico Machay Gold Project
The local community of Comunidad Campesina de Salcca Santa Ana confirmed support for continued advancement of the Pico Machay gold project in Peru, authorizing Xali Gold at an extraordinary assembly held June 28th to carry out the drilling, exploration and environmental studies needed for development. The Company plans to continue environmental baseline studies, drilling to update the historical resource and test exploration targets, geological mapping, resource modelling, surface and underground sampling, and technical studies supporting economic evaluations.
CorporateXali Gold Discovers Higher Grade Gold Mineralization at Pico Machay
First assay results from underground and surface channel sampling at the Pico Machay Gold Project in Central Peru returned 2.22 g/t gold over 45.1 m from UG Channel 1, including 4.17 g/t over 20.0 m; 1.49 g/t over 41.1 m from UG Channel 3 NS, including 3.44 g/t over 8.0 m; 4.41 g/t over 13.7 m from UG Channel 3 EW, including 6.45 g/t over 6.5 m; and 2.28 g/t over 40.0 m from Surface Channel 2. Results cover 51 of 197 samples, with the remainder expected in coming weeks to support a resource update and PEA.
Drill resultsXali Gold Closes Private Placement for $1 Million
A non-brokered private placement closed on June 23, 2026 for gross proceeds of C$1,000,000, through the issuance of 4,000,000 common shares at C$0.25 per share with no warrants, subject to a four month and one day hold period. Finder's fees of 6% were paid as C$30,000 in cash and 120,000 common shares. Proceeds will fund exploration and development at the Pico Machay gold project in Peru, including work supporting an updated mineral resource estimate and PEA, plus working capital.
FinancingXali Gold Private Placement Fully Subscribed
A previously announced non-brokered private placement for gross proceeds of C$1,000,000 is fully subscribed by two placees, comprising 4,000,000 common shares at C$0.25 per share with no warrants and a four month and one day hold period. The placement has conditional acceptance from the TSX Venture Exchange, with final acceptance pending, and a 6% finder's fee payable to one finder. About 75% of proceeds will go to exploration and development at the Pico Machay gold project in Peru, including permitting, technical studies and community initiatives, with the balance to working capital.
FinancingXali Gold Announces Non-Brokered Financing
A non-brokered private placement of 4,000,000 common shares at C$0.25 per share will raise gross proceeds of approximately C$1,000,000, with no warrants attached and a four month and one day hold period. About 75% of proceeds are allocated to exploration and development at the Pico Machay gold project in Peru, including an updated mineral resource estimate, permitting, technical studies and community initiatives, with the balance for working capital. Closing is expected on or around June 17, 2026, subject to TSX Venture Exchange approval.
FinancingXali Gold Completes Initial Underground and Surface Sampling Program on the Pico Machay Gold Project in Peru
An initial underground and surface rock chip sampling program has been completed at the Pico Machay gold project in Central Peru, with 197 samples submitted to SGS in Lima for gold and silver fire assay/atomic absorption plus 36-element ICP analysis; 78 samples came from underground and 119 from surface outcrops. Results are expected in approximately two weeks and will support an updated mineral resource estimate and an updated Preliminary Economic Assessment. Underground channel samples were taken over 2 to 4 m intervals in three galleries of 21 to 46 m and a 34 m crosscut.
Drill resultsXali Gold Completes Baseline Studies on the Pico Machay Gold Project in Peru
Baseline studies required for the Ficha Técnica Ambiental drilling permit at the Pico Machay gold project in Peru have been completed, with consultant GEADES finishing fieldwork on May 10, 2026. The work covered water, air, soil and sound quality, flora and fauna sampling and social information; laboratory results are being compiled ahead of an FTA application to MINEM's DGAAM expected by or near the end of June. Drilling under the permit is intended to support an NI 43-101 compliant resource and a planned PEA.
Study resultsXali Gold Implements Baseline Studies for Drilling Permit Application at Pico Machay Gold Project in Peru
Peruvian environmental and social consulting firm GEADES has been engaged to complete baseline studies required for the Ficha Técnica Ambiental drilling permit at the Pico Machay gold project in Peru, with field work running May 5 to 11 and submission to MINEM's DGAAM expected in June 2026. The company then intends to prepare a detailed environmental impact assessment (EIA-d). Separately, GRA Enterprises LLC DBA National Inflation Association was retained for investor relations for an initial six-month term for US$75,000 payable in three tranches, subject to TSXV approval.
CorporateXali Gold Advances Pico Machay Gold Project with Underground and Surface Sampling Program
More than 50% of an initial underground and surface rock chip sampling program has been completed at the Pico Machay gold project in central Peru, with 125 samples (36 underground, 89 surface) submitted to ALS Peru for gold, silver and multi-element analyses. Sample lengths typically ranged from 2 to 4 m, taken from two north-south galleries and surface channels. Results are intended to support a current mineral resource estimate targeted for Q3 2026 and a Preliminary Economic Assessment.
Drill resultsXali Gold Adds Permitting Expert to Development and Operations Team at Pico Machay Gold Project in Peru
Aran Gough has been appointed Senior Advisor – Environmental and Social Governance for the Pico Machay Gold Project in Peru, leading permitting from drilling through development and production; he is currently guiding submission of a Ficha Tecnica Ambiental drilling permit, a process that can take one to three months, with drilling potentially close to the end of Q2. All matters at the April 7, 2026 annual general meeting were approved, including re-election of five directors, with 51.25 M shares voted by 35 shareholders (31.95% of outstanding shares).
ManagementXali Gold Initiates Engineering and Permitting for both Operations and Exploration at Pico Machay Gold Project in Peru
Engineering studies have begun to update the 2009 Feasibility Study at the Pico Machay gold project in Huancavelica Province, Peru, starting with an updated Mineral Resource Estimate, revised capital and operating cost estimates and a Preliminary Economic Assessment, allowing initiation of the Detailed Environmental Impact Assessment, which typically requires 12 to 24 months in Peru. Adam Johnston, FAusIMM, CP(Met), of Transmin Metallurgical Consultants was engaged to oversee mineral processing, metallurgical testing and recovery optimization. Phase I relogging of historical RC drill cuttings, begun in January 2026, is complete.
CorporateMs. Chafika Eddine joins Xali Gold Board of Directors
Chafika Eddine has been appointed to the Board of Directors of Xali Gold Corp., effective March 17, 2026. She is a Director of Solis Minerals since 2021 and previously held C-suite and senior officer roles with Orla Mining, Hudbay Minerals and Bear Creek Mining between 2005 and 2025. The Company also changed auditors from Saturna Group to Charlton & Co. effective March 12, 2026, with no reportable events, and granted 5,000,000 stock options at $0.25, expiring March 17, 2031.
ManagementXali Gold Receives Green Light from Community, Pico Machay Gold Project in Peru
The community of Santa Ana authorized Xali Gold on February 22, 2026 to advance mining exploration activities at the Pico Machay Gold Project in Peru, allowing immediate start of the Phase I field program set out in the December 16, 2025 technical report, including relogging of historical RC drill cuttings (commenced January 2026), 3D modelling, property-wide mapping, and surface and underground sampling, plus community engagement and environmental studies. The non-brokered private placement announced December 2, 2025 closed December 24, 2025, raising $1,500,000 through 15,000,000 units at $0.10.
CorporateXali Gold Positions Pico Machay Gold Project to Reactivate Development Plans Amid Strong Gold Market
Work is underway at the Pico Machay gold project in Huancavelica Province, Peru, acquired in December 2025, including relogging of approximately 20,000 metres of historical reverse circulation drilling (started January 15, 2026, about 30% complete) and rebuilding the geological model in Leapfrog 3D from February 5, 2026. The project hosts a historical Measured and Indicated resource of 264,600 oz gold (10.6 Mt at 0.78 gpt) and Inferred of 446,000 oz (23.9 Mt at 0.58 gpt). Planned 2026 work includes underground sampling, drilling, an FTA exploration permit and a PEA; community engagement with Santa Ana began December 27, 2025.
CorporateXali Gold Commences Work on Pico Machay Gold Project in Peru
Field work has begun at the Pico Machay gold project in Huancavelica Province, Peru, acquired on December 24, 2025, starting with community engagement meetings held December 27–30 ahead of technical field work and environmental studies for drilling permits this month. The plan includes rock chip and bulk sampling and mapping, an environmental technical report supporting a surface drilling permit under a Ficha Tecnica Ambiental estimated to take 2 to 3 months, a new Preliminary Economic Assessment, and negotiation of a 20-year community agreement.
News
202520 releases
Xali Gold Closes First Tranche of Private Placement for $1.5 Million
The first tranche of a non-brokered private placement closed December 23, 2025 for gross proceeds of C$1.5 million, through the issuance of 15,000,000 units at $0.10 per unit, each with one share and one-half warrant exercisable at C$0.20 for 18 months, subject to accelerated expiry. A second tranche of up to C$0.5 million is planned for early January 2026. Proceeds cover the US$500,000 payment to Pan American Silver for the Pico Machay gold project in Peru, expected to close later today subject to TSX-V approval.
FinancingXali Gold Closes Acquisition of Pico Machay Gold Project
The acquisition of the Pico Machay gold project in Peru closed on December 24, 2025, through the purchase of Minera Calipuy S.A.C. from Pan American Silver Corp. and subsidiary Aquiline Resources Inc. Xali Gold paid an initial US$500,000, with deferred payments of $1.5M in 2026, $1.5M in 2027, $4.0M in 2028, $3.0M in 2029 and $4.5M by 2030 or at commercial production, plus a $2.5M contingent payment if a NI 43-101 report discloses more than 1.25M oz Au, totalling $17.0M.
AcquisitionXali Gold Provides Update on Completion of the Acquisition of Pico Machay Gold Deposit
The TSX Venture Exchange is advancing its approval process for the acquisition of the Pico Machay Gold Deposit in Huancavelica Province, Peru, with all outstanding technical and legal matters addressed. Closing of the acquisition and Tranche One of the non-brokered private placement will occur simultaneously and is expected by the end of the week, subject to TSX-V acceptance. An Amended Technical Report, effective November 18, 2025 and dated December 16, 2025, prepared by David Thomas, P.Geo., has been filed on SEDAR+ and approved.
AcquisitionXali Gold to Close First Tranche of Private Placement December 19, 2025
The first tranche of Xali Gold's non-brokered private placement is set to close December 19, 2025, raising approximately C$1 million, with a second tranche of about C$0.5 million planned for on or about December 23, 2025. The placement totals roughly C$1,500,000 via 15,000,000 units at C$0.10, each unit comprising one share and one-half warrant exercisable at C$0.20 for 18 months, subject to accelerated expiry. First-tranche funds will cover the US$500,000 payment due to Pan American Silver Corp. on closing the Pico Machay acquisition in Peru; TSXV approval is required.
FinancingXali Gold Files Technical Report on the Pico Machay Gold Project in Peru
A NI 43-101 technical report on the Pico Machay Gold Deposit, Huancavelica Province, Peru, effective November 18, 2025 and dated December 4, 2025, has been filed on SEDAR+. It was prepared by David Thomas, P.Geo., of DKT Geosolutions Inc. to meet TSX Venture Exchange requirements tied to the acquisition of the project, and updates a 2009 report prepared for Aquiline Resources. The share purchase agreement to acquire Minera Calipuy, signed October 23, 2025, is expected to close within weeks, subject to TSX-V acceptance.
Study resultsXali Gold Announces Non-Brokered Financing
A non-brokered private placement of approximately 15,000,000 units at C$0.10 per unit will raise gross proceeds of about C$1,500,000. Each unit comprises one common share and one-half warrant exercisable at C$0.20 for 18 months, subject to accelerated expiry if shares close at or above C$0.30 for 10 consecutive trading days after April 15, 2026. About 75% of proceeds will fund the acquisition and exploration of the Pico Machay gold project in Peru, with closing expected around December 15, 2025, subject to TSXV approval.
FinancingXali Gold Completes Due Diligence Visit, Confirms Data Integrity and Exploration Upside at Pico Machay Gold Project in Peru
Due diligence site visits at the Pico Machay gold project in Central Peru, under acquisition from Pan American Silver and subsidiary Aquiline Resources per the October 24, 2025 share purchase agreement, have been completed, with QP David Thomas of DKT Geosolutions verifying the historic geological model, drill collar locations and assay reliability from 26 samples collected in October 2025. Rock chip assays returned up to 3.98 g/t gold and 25.8 g/t silver. The alteration footprint spans about 4.1 km by 1.3 km (533 hectares). An updated NI 43-101 report is underway.
CorporateXali Gold Agrees to Transfer the El Oro Tailings Project in Mexico to Kappes, Cassiday
Xali Gold has agreed to finalize a Definitive Agreement transferring all its rights to the El Oro Tailings Project in Mexico, including its subsidiary Minera CCM Jales S.A. de C.V., to Kappes, Cassiday and Associates on terms consistent with the binding LOI announced April 15, 2024. Xali retains a 4% gross royalty on gold and silver sales, less royalties payable to others but not below 3%, with KCA able to buy 1% for US$1,000,000. KCA has paid $200,000 to date, with minimum royalty payments of US$50,000 every six months until production.
AcquisitionXali Gold Announces Stock Options Grant
Incentive stock options to purchase 2,200,000 common shares at an exercise price of $0.05 per share have been granted to certain directors, officers, employees and consultants, with a 5-year term expiring October 30, 2030. The company also clarified that its acquisition of the Pico Machay Gold Project in Peru, announced October 24, 2025, is a fundamental acquisition under Policy 5.3 and remains subject to TSX Venture Exchange review of documentation and approval.
CorporateXali Gold Outlines Plans for Pico Machay Gold Project in Peru
Work plans were outlined for the Pico Machay gold project in Central Peru, which hosts a historic Measured and Indicated resource of 264,600 oz gold (10.6 Mt at 0.78 gpt) plus a historic Inferred resource of 446,000 oz gold (23.9 Mt at 0.58 gpt) across seventeen claims covering 4,700 hectares. Xali Gold will advance exploration targets, bulk sampling and metallurgical testing without additional permits. The share purchase agreement with Pan American and Aquiline carries $17.5M in deferred payments and requires TSX-V acceptance; trading resumes October 29, 2025.
NewsXali Gold to Acquire Pico Machay Gold Project in Peru
A Share Purchase Agreement was signed on October 23 to acquire Minera Calipuy S.A.C., owner of the Pico Machay high-sulphidation gold project in Huancavelica, Central Peru, from Pan American Silver and its subsidiary Aquiline Resources. Total consideration is US$17.5M in cash, comprising US$0.5M at closing, staged anniversary payments of US$1.5M, US$1.5M, US$4.0M, US$3.0M and US$4.5M, and US$2.5M on delineating a minimum 1.25M oz Au. Historic resources total 264,600 oz gold M&I (10.6 Mt at 0.78 gpt) and 446,000 oz inferred (23.9 Mt at 0.58 gpt). Closing requires TSX Venture Exchange approval.
AcquisitionXali Gold Resumes Trading
Trading in Xali Gold Corp. shares resumed on September 18, 2025, following a Reinstatement Review by the TSX Venture Exchange. The Company said it will focus on a new acquisition in South America, targeting an advanced-stage gold project with a near-term production goal, while retaining exploration potential and two royalty agreements at the El Oro gold-silver Project in Mexico.
CorporateXali Gold Clarifies Agreement with Remedioambiente on the El Oro Property and Terminates Option on the Sarape Project in Mexico
The TSX Venture Exchange has completed its Reinstatement Review of Xali Gold. Under the clarified Remedioambiente agreement, that company may recover gold and silver from historic El Oro mine workings above 2400 masl on five concessions, paying up to a 3% NSR, with Xali retaining 100% of exploration potential below 2400 masl; Remedioambiente will also manage legal efforts to overturn nine concession cancellations by the Mexican Mines Bureau. The Sarape Project letter of intent with Advanced Lithium expired August 31, 2025. Working capital deficiency was $3,150,354 at June 30, 2025.
AcquisitionXali Gold Updates after Filing Annual Financial Statements
Audited annual financial statements, MD&A and CEO/CFO certifications for the year ended March 31, 2025 were filed on August 16, 2025, with the TSX Venture Exchange conducting a Listing Review following the trading halt. Two peripheral El Oro concessions in Mexico were cancelled before March 31, 2025, and the company wrote off $2,260,108 in outstanding mining fees rather than challenge them; seven additional concessions were found cancelled without notice in late July 2025. Xali is also reviewing high-sulphidation gold targets in Peru.
CorporateXali Gold Trading Halt
The British Columbia Securities Commission has issued a failure-to-file cease trade order against Xali Gold Corp. under Multilateral Instrument 11-103, due to the Company's delay in filing its audited annual financial statements, MD&A and CEO and CFO certifications for the financial year ended March 31, 2025. The order prohibits all direct or indirect trading in the Company's securities in every Canadian jurisdiction until the annual filings are completed. Xali Gold expects to file and resume trading within the next 3 or 4 days.
CorporateXali Gold Provides Update on South American and Mexican Projects
Xali Gold is shifting its exploration focus to South America, aside from the Sarape Project in Mexico, and is seeking an advanced-stage project in Peru with a significant gold resource and a Preliminary Economic Assessment, having reviewed projects in Argentina, Peru, Chile and Mexico. At Sarape, in the Rio Sonora Valley, target generation work is underway for drilling planned for Q4 2025/Q1 2026. Nine El Oro concessions, about 35% of that land package, have been declared cancelled by the Mexican Mines Bureau; the Company considers the cancellation unlawful and is reviewing revocation steps.
CorporateXali Gold Developing Drill Targets at Sarape Project Near Las Chispas Mine in Mexico
A data compilation review of the Sarape silver-gold Project in the Rio Sonora Valley, northern Mexico, optioned from Advanced Lithium Corp., identified boiling-zone textures in historic drill core that improve with depth, indicating the full boiling zone may be preserved below prior drilling. Historic Sarape Vein results include 1.49 gpt Au and 7.4 gpt Ag over 6.75m in SAR19-012 and 0.22 gpt Au and 5.5 gpt Ag over 11.57m in SAR19-08. Next work includes mapping, core re-logging, sampling and a 3D model to define drill targets.
Drill resultsXali Gold Appoints New Exploration Manager
Ing. Enrique Bernuy has been appointed Exploration Manager of Xali Gold Corp., bringing over 30 years of mineral exploration and mining experience in South America and Mexico. He previously served as Exploration Manager Argentina for Southern Peru Copper from 2017 to 2025 and worked with Alta Copper on the Cañariaco copper project in Peru. Bernuy is currently leading due diligence and compilation work at the recently optioned Sarape silver-gold Project in northern Mexico.
ManagementXali Gold Enters Option to Acquire Sarape Project Located Within Rio Sonora Valley, Mexico
A binding letter of intent has been signed with Advanced Lithium Corp. to option the 57 square kilometre Sarape silver-gold project in the Rio Sonora Valley, northern Mexico, about 20 km northeast of the Las Chispas Mine. Xali Gold can earn 90% by issuing 1,000,000 shares on a definitive agreement, paying CDN$450,000 in staged cash, and completing 20,000 m of drilling with a total 140M shares issued, subject to a 1.5% NSR. Xali also dropped the Majo option, and Barrick terminated its option on Tres Marias in southern Peru.
AcquisitionXali Gold Announces Excellent Recoveries from KCA Drill Program at El Oro, Mexico
Metallurgical testing and drilling by Kappes, Cassiday and Associates on the El Oro Tailings Project in Mexico indicate recoveries of up to 82% for gold and 86% for silver, with 78% gold and 86% silver to be used for economic calculations, versus the 75% average previously considered. The 34-hole sonic drill program, to depths of up to 27 m with samples on 1.5 m intervals, suggests a potential 10 to 15% increase in resource size and small increases in gold and silver grades. Economic studies are underway. Xali also granted 750,000 RSUs to its CFO.
Drill results