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Xali Gold completes baseline environmental studies for Pico Machay drilling permit in Peru

Company Fundamentals
28 May 2026
GlobeNewsWire
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Bullish
pluang ai news

Xali Gold Corp. has finished the baseline environmental and social studies needed for the drilling permit application at its Pico Machay Gold Project in Peru. The studies, conducted by GEADES, included sampling and monitoring of water, air, soil, flora, fauna, and social factors. The company plans to submit the drilling permit application to Peruvian authorities by the end of June 2026, aiming to advance exploration and update the historical resource for a Preliminary Economic Assessment. This progress supports Xali Gold's goal to develop Pico Machay into a near-term gold production opportunity, leveraging existing infrastructure and community partnerships in a historically productive mining district.

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