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Pico Machay

Peru

Pico Machay is a mineral project in Peru, at the early exploration stage, held by Xali Gold Corp. (TSXV: XGC).

32 news releases are filed under it here.

← Xali Gold Corp. profileCompany website ↗

Key facts

CompanyXali Gold Corp. (TSXV: XGC)
LocationPeru
StageEarly exploration

News releases32 on file

  1. Oct 26, 2026

    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 drill

    Corporate
  2. Oct 21, 2026

    Xali 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 m

    Corporate
  3. Oct 8, 2026

    Xali 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 tak

    Corporate
  4. Sep 17, 2026

    Xali 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

    Study results
  5. Aug 24, 2026

    Xali 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 p

    Corporate
  6. Aug 13, 2026

    Xali 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 targ

    Corporate
  7. Jul 28, 2026

    Xali 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-sulph

    Drill results
  8. Jul 15, 2026

    Xali 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 towa

    Management
  9. Jul 9, 2026

    Xali 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 r

    Corporate
  10. Jun 25, 2026

    Xali 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. Res

    Drill results
  11. Jun 24, 2026

    Xali 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, includin

    Financing
  12. Jun 18, 2026

    Xali 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 p

    Financing
  13. Jun 11, 2026

    Xali 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 commun

    Financing
  14. Jun 4, 2026

    Xali 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 r

    Drill results
  15. May 28, 2026

    Xali 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

    Study results
  16. May 5, 2026

    Xali 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 Ente

    Corporate
  17. Apr 29, 2026

    Xali 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

    Drill results
  18. Apr 8, 2026

    Xali 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, 20

    Management
  19. Mar 30, 2026

    Xali 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

    Corporate
  20. Feb 25, 2026

    Xali 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 s

    Corporate
  21. Feb 12, 2026

    Xali 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

    Corporate
  22. Jan 8, 2026

    Xali 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 u

    News
  23. Dec 24, 2025

    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

    Financing
  24. Dec 24, 2025

    Xali 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 payme

    Acquisition
  25. Dec 22, 2025

    Xali 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

    Acquisition
  26. Dec 19, 2025

    Xali 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 accel

    Financing
  27. Dec 8, 2025

    Xali 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 a

    Study results
  28. Dec 2, 2025

    Xali 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

    Financing
  29. Nov 19, 2025

    Xali 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 c

    Corporate
  30. Oct 30, 2025

    Xali 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 su

    Corporate
  31. Oct 28, 2025

    Xali 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 pe

    News
  32. Oct 24, 2025

    Xali 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

    Acquisition

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Xali Gold Corp. profile →Xali Gold Corp. news →Reading an NI 43-101 →