Xali Gold Discovers Higher Grade Gold Mineralization at Pico Machay
Original announcement by tmx on
- Company
- Xali Gold Corp.
- Ticker
- XGC
- Exchange
- TSX
- Region
- Central Peru
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Drill results, Other
- Extracted
- 2026-09-17 06:38:13 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Xali Gold announced initial channel sampling results from its Pico Machay Gold Project in Central Peru, highlighting several high-grade gold intercepts from both underground and surface channels. The program aims to validate and upgrade a historical mineral resource estimate, with approximately 25% of the samples processed to date. The company expressed confidence in the project's potential and looks forward to completing a resource update and Preliminary Economic Assessment.
Reasoning: Xali Gold reported initial channel sampling results from its Pico Machay Gold Project in Peru, revealing several high-grade gold intercepts. These results are positive for the project's potential, supporting efforts to upgrade a historical resource and advance towards a PEA, despite only a quarter of the samples being processed so far and the inherent limitations of channel sampling for true width.
Positive factors
- Discovery of higher-grade gold mineralization
- Systematic channel sampling provides valuable insight into grade variation and continuity
- Results strengthen confidence in the project
- Program aims to validate, update, and upgrade historical resource estimate
- Several high-grade intercepts, some above 75th percentile for epithermal gold
Negative factors
- Only 25% of samples received to date
- Channel samples may not represent true widths of mineralization
- Historical resource estimate requires validation and upgrade
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 57
Extracted facts
Stored fact records: 57. Some facts used in scoring do not have a stored record.
Drill Results (57)
Fact 1Pico Machay · goldGrade: 2.22Grade Unit: g/tIntercept: 45.1 mView all detailsHide details
Identity
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 2.22
- Grade Unit
- g/t
- Intercept
- 45.1 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 1
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This channel sample shows a strong grade-width product and a good grade over a significant length, contributing positively to the resource upgrade efforts.
Positive factors
- Strong grade-width product (100.12 g/t·m)
- Strong grade (2.22 g/t Au)
- Significant intercept length (45.1m)
- Supports resource upgrade efforts
Negative factors
- Apparent width only, true width not stated
Evidence · text
“2.22 g/t gold (“Au”) over 45.1meters (“m”) from Underground (“UG”) Channel 1”
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
Fact 2Pico Machay · goldGrade: 4.17Grade Unit: g/tIntercept: 20 mView all detailsHide details
Identity
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 4.17
- Grade Unit
- g/t
- Intercept
- 20 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 1
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This included interval shows a strong grade and grade-width product, indicating high-grade mineralization within the broader intercept.
Positive factors
- Strong grade (4.17 g/t Au)
- Strong grade-width product (83.4 g/t·m)
- Contributes to resource upgrade efforts
Negative factors
- Apparent width only, true width not stated
Evidence · text
“4.17 g/t Au over 20.0m”
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
Fact 3Pico Machay · goldGrade: 1.49Grade Unit: g/tIntercept: 41.1 mView all detailsHide details
Identity
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 1.49
- Grade Unit
- g/t
- Intercept
- 41.1 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 NS
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This channel sample shows a moderate grade and grade-width product over a significant length, contributing positively to the resource upgrade efforts.
Positive factors
- Moderate grade-width product (61.24 g/t·m)
- Moderate grade (1.49 g/t Au)
- Significant intercept length (41.1m)
- Supports resource upgrade efforts
Negative factors
- Apparent width only, true width not stated
Evidence · text
“1.49 g/t Au over 41.1m from UG Channel 3 NS including 3.44 g/t Au over 8.0m”
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
Fact 4Pico Machay · goldGrade: 3.44Grade Unit: g/tIntercept: 8 mView all detailsHide details
Identity
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 3.44
- Grade Unit
- g/t
- Intercept
- 8 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 NS
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This included interval shows a strong grade, indicating high-grade mineralization within the broader intercept, though the grade-width product is weak.
Positive factors
- Strong grade (3.44 g/t Au)
- Weak grade-width product (27.52 g/t·m)
- Contributes to resource upgrade efforts
Negative factors
- Apparent width only, true width not stated
Evidence · text
“3.44 g/t Au over 8.0m”
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
Fact 5Pico Machay · goldGrade: 4.41Grade Unit: g/tIntercept: 13.7 mView all detailsHide details
Identity
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 4.41
- Grade Unit
- g/t
- Intercept
- 13.7 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 EW
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This channel sample shows a strong grade and moderate grade-width product, indicating good mineralization and supporting resource upgrade efforts.
Positive factors
- Strong grade (4.41 g/t Au)
- Moderate grade-width product (60.42 g/t·m)
- Supports resource upgrade efforts
Negative factors
- Apparent width only, true width not stated
Evidence · text
“4.41 g/t Au over 13.7m from UG Channel 3 EW including 6.45 g/t Au over 6.5m”
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
Fact 6Pico Machay · goldGrade: 6.45Grade Unit: g/tIntercept: 6.5 mView all detailsHide details
Identity
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 6.45
- Grade Unit
- g/t
- Intercept
- 6.5 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 EW
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This included interval shows an exceptional grade, significantly above the 75th percentile for epithermal gold, indicating very high-grade mineralization.
Positive factors
- Exceptional grade (6.45 g/t Au)
- Moderate grade-width product (41.93 g/t·m)
- Grade is above 75th percentile for epithermal gold deposits
- Contributes to resource upgrade efforts
Negative factors
- Apparent width only, true width not stated
Evidence · text
“6.45 g/t Au over 6.5m”
Tags used in scoring
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The grade of 6.45 g/t Au is above the exceptional threshold of 5 g/t for epithermal gold and above the 75th percentile for epithermal gold deposits.
Evidence · text
“6.45 g/t Au over 6.5m”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
Fact 7Pico Machay · goldGrade: 2.28Grade Unit: g/tIntercept: 40 mView all detailsHide details
Identity
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 2.28
- Grade Unit
- g/t
- Intercept
- 40 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- open_pit
Location
- Location
- Surface Channel 2
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This surface channel sample shows a strong grade and grade-width product over a significant length, indicating good mineralization and supporting resource upgrade efforts.
Positive factors
- Strong grade (2.28 g/t Au)
- Strong grade-width product (91.2 g/t·m)
- Significant intercept length (40.0m)
- Supports resource upgrade efforts
Negative factors
- Apparent width only, true width not stated
Evidence · text
“2.28 g/t Au over 40.0m from Surface Channel 2”
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
1Pico Machay · goldGrade: 0.51Grade Unit: g/tIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- 1
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 0.51
- Grade Unit
- g/t
- Intercept
- 2 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 1
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a weak grade and grade-width product, indicating lower-grade mineralization.
Negative factors
- Weak grade (0.51 g/t Au)
- Weak grade-width product (1.02 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“0.51”
Context: 2.00m x0.30m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
2Pico Machay · goldGrade: 0.43Grade Unit: g/tIntercept: 5 mView all detailsHide details
Identity
- Hole ID
- 2
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 0.43
- Grade Unit
- g/t
- Intercept
- 5 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 1
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a weak grade and grade-width product, indicating lower-grade mineralization.
Negative factors
- Weak grade (0.43 g/t Au)
- Weak grade-width product (2.15 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“0.43”
Context: 5.00m x 0.30m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
3Pico Machay · goldGrade: 0.71Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- 3
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 0.71
- Grade Unit
- g/t
- Intercept
- 4 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 1
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a weak grade and grade-width product, indicating lower-grade mineralization.
Negative factors
- Weak grade (0.71 g/t Au)
- Weak grade-width product (2.84 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“0.71”
Context: 4.00m x 0.30m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
4Pico Machay · goldGrade: 2.28Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- 4
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 2.28
- Grade Unit
- g/t
- Intercept
- 4 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 1
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a strong grade, indicating good mineralization, though the grade-width product is weak.
Positive factors
- Strong grade (2.28 g/t Au)
- Weak grade-width product (9.12 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“2.28”
Context: 4.00m x 0.30m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
5Pico Machay · goldGrade: 2.89Grade Unit: g/tIntercept: 5 mView all detailsHide details
Identity
- Hole ID
- 5
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 2.89
- Grade Unit
- g/t
- Intercept
- 5 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 1
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a strong grade, indicating good mineralization, though the grade-width product is weak.
Positive factors
- Strong grade (2.89 g/t Au)
- Weak grade-width product (14.45 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“2.89”
Context: 5.00m x 0.30m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
6Pico Machay · goldGrade: 8.3Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- 6
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 8.3
- Grade Unit
- g/t
- Intercept
- 3 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 1
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows an exceptional grade, significantly above the 75th percentile for epithermal gold, indicating very high-grade mineralization, though the grade-width product is weak.
Positive factors
- Exceptional grade (8.30 g/t Au)
- Grade is above 75th percentile for epithermal gold deposits
- Weak grade-width product (24.9 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“8.30”
Context: 3.00m x 0.30m
Tags used in scoring
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The grade of 8.30 g/t Au is above the exceptional threshold of 5 g/t for epithermal gold and above the 75th percentile for epithermal gold deposits.
Evidence · table
“8.30”
Context: 3.00m x 0.30m
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
7Pico Machay · goldGrade: 7.48Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- 7
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 7.48
- Grade Unit
- g/t
- Intercept
- 4 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 1
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows an exceptional grade, significantly above the 75th percentile for epithermal gold, indicating very high-grade mineralization, though the grade-width product is weak.
Positive factors
- Exceptional grade (7.48 g/t Au)
- Grade is above 75th percentile for epithermal gold deposits
- Weak grade-width product (29.92 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“7.48”
Context: 4.00m x 0.30m
Tags used in scoring
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The grade of 7.48 g/t Au is above the exceptional threshold of 5 g/t for epithermal gold and above the 75th percentile for epithermal gold deposits.
Evidence · table
“7.48”
Context: 4.00m x 0.30m
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
8Pico Machay · goldGrade: 1.26Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- 8
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 1.26
- Grade Unit
- g/t
- Intercept
- 4 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 1
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a moderate grade, indicating some mineralization, though the grade-width product is weak.
Positive factors
- Moderate grade (1.26 g/t Au)
- Weak grade-width product (5.04 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“1.26”
Context: 4.00m x 0.30m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
9Pico Machay · goldGrade: 0.57Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- 9
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 0.57
- Grade Unit
- g/t
- Intercept
- 4 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 1
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a weak grade and grade-width product, indicating lower-grade mineralization.
Negative factors
- Weak grade (0.57 g/t Au)
- Weak grade-width product (2.28 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“0.57”
Context: 4.00m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
10Pico Machay · goldGrade: 0.66Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- 10
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 0.66
- Grade Unit
- g/t
- Intercept
- 4 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 1
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a weak grade and grade-width product, indicating lower-grade mineralization.
Negative factors
- Weak grade (0.66 g/t Au)
- Weak grade-width product (2.64 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“0.66”
Context: 4.00m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
11Pico Machay · goldGrade: 1.13Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- 11
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 1.13
- Grade Unit
- g/t
- Intercept
- 4 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 1
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a moderate grade, indicating some mineralization, though the grade-width product is weak.
Positive factors
- Moderate grade (1.13 g/t Au)
- Weak grade-width product (4.52 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“1.13”
Context: 4.00m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
12Pico Machay · goldGrade: 0.51Grade Unit: g/tIntercept: 2.1 mView all detailsHide details
Identity
- Hole ID
- 12
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 0.51
- Grade Unit
- g/t
- Intercept
- 2.1 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 1
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a weak grade and grade-width product, indicating lower-grade mineralization.
Negative factors
- Weak grade (0.51 g/t Au)
- Weak grade-width product (1.07 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“0.51”
Context: 2.10m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
13Pico Machay · goldGrade: 0.08Grade Unit: g/tIntercept: 0.1 mView all detailsHide details
Identity
- Hole ID
- 13
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 0.08
- Grade Unit
- g/t
- Intercept
- 0.1 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 1
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a very low grade and grade-width product, indicating sub-economic mineralization.
Negative factors
- Below weak grade (0.08 g/t Au)
- Below weak grade-width product (0.008 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“0.08”
Context: 0.10m x 0.30m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
14Pico Machay · goldGrade: 0.8Grade Unit: g/tIntercept: 4.3 mView all detailsHide details
Identity
- Hole ID
- 14
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 0.8
- Grade Unit
- g/t
- Intercept
- 4.3 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 NS
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a weak grade and grade-width product, indicating lower-grade mineralization.
Negative factors
- Weak grade (0.80 g/t Au)
- Weak grade-width product (3.44 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“0.80”
Context: 4.30m x 0.30m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
15Pico Machay · goldGrade: 1.26Grade Unit: g/tIntercept: 3.8 mView all detailsHide details
Identity
- Hole ID
- 15
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 1.26
- Grade Unit
- g/t
- Intercept
- 3.8 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 NS
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a moderate grade, indicating some mineralization, though the grade-width product is weak.
Positive factors
- Moderate grade (1.26 g/t Au)
- Weak grade-width product (4.79 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“1.26”
Context: 3.80m x 0.30m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
16Pico Machay · goldGrade: 0.69Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- 16
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 0.69
- Grade Unit
- g/t
- Intercept
- 4 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 NS
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a weak grade and grade-width product, indicating lower-grade mineralization.
Negative factors
- Weak grade (0.69 g/t Au)
- Weak grade-width product (2.76 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“0.69”
Context: 4.00m x 0.30m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
17Pico Machay · goldGrade: 0.55Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- 17
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 0.55
- Grade Unit
- g/t
- Intercept
- 3 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 NS
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a weak grade and grade-width product, indicating lower-grade mineralization.
Negative factors
- Weak grade (0.55 g/t Au)
- Weak grade-width product (1.65 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“0.55”
Context: 3.00m x 0.30m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
18Pico Machay · goldGrade: 1.11Grade Unit: g/tIntercept: 5 mView all detailsHide details
Identity
- Hole ID
- 18
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 1.11
- Grade Unit
- g/t
- Intercept
- 5 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 NS
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a moderate grade, indicating some mineralization, though the grade-width product is weak.
Positive factors
- Moderate grade (1.11 g/t Au)
- Weak grade-width product (5.55 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“1.11”
Context: 5.00m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
19Pico Machay · goldGrade: 3.43Grade Unit: g/tIntercept: 4.4 mView all detailsHide details
Identity
- Hole ID
- 19
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 3.43
- Grade Unit
- g/t
- Intercept
- 4.4 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 NS
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a strong grade, indicating good mineralization, though the grade-width product is weak.
Positive factors
- Strong grade (3.43 g/t Au)
- Weak grade-width product (15.09 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“3.43”
Context: 4.40m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
20Pico Machay · goldGrade: 6.7Grade Unit: g/tIntercept: 4.4 mView all detailsHide details
Identity
- Hole ID
- 20
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 6.7
- Grade Unit
- g/t
- Intercept
- 4.4 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 NS
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows an exceptional grade, significantly above the 75th percentile for epithermal gold, indicating very high-grade mineralization, though the grade-width product is weak. It is a duplicate sample.
Positive factors
- Exceptional grade (6.70 g/t Au)
- Grade is above 75th percentile for epithermal gold deposits
- Weak grade-width product (29.48 g/t·m)
Negative factors
- Apparent width only, true width not stated
- Sample is a duplicate of Sample 19
Evidence · table
“6.70”
Context: 4.40m x 0.20m
Tags used in scoring
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The grade of 6.70 g/t Au is above the exceptional threshold of 5 g/t for epithermal gold and above the 75th percentile for epithermal gold deposits.
Evidence · table
“6.70”
Context: 4.40m x 0.20m
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
21Pico Machay · goldGrade: 1.46Grade Unit: g/tIntercept: 3.6 mView all detailsHide details
Identity
- Hole ID
- 21
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 1.46
- Grade Unit
- g/t
- Intercept
- 3.6 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 NS
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a moderate grade, indicating some mineralization, though the grade-width product is weak.
Positive factors
- Moderate grade (1.46 g/t Au)
- Weak grade-width product (5.26 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“1.46”
Context: 3.60m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
22Pico Machay · goldGrade: 0.92Grade Unit: g/tIntercept: 4.3 mView all detailsHide details
Identity
- Hole ID
- 22
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 0.92
- Grade Unit
- g/t
- Intercept
- 4.3 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 NS
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a weak grade and grade-width product, indicating lower-grade mineralization.
Negative factors
- Weak grade (0.92 g/t Au)
- Weak grade-width product (3.96 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“0.92”
Context: 4.30m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
23Pico Machay · goldGrade: 0.82Grade Unit: g/tIntercept: 3.7 mView all detailsHide details
Identity
- Hole ID
- 23
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 0.82
- Grade Unit
- g/t
- Intercept
- 3.7 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 NS
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a weak grade and grade-width product, indicating lower-grade mineralization.
Negative factors
- Weak grade (0.82 g/t Au)
- Weak grade-width product (3.03 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“0.82”
Context: 3.70m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
24Pico Machay · goldGrade: 1.78Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- 24
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 1.78
- Grade Unit
- g/t
- Intercept
- 4 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 NS
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a moderate grade, indicating some mineralization, though the grade-width product is weak.
Positive factors
- Moderate grade (1.78 g/t Au)
- Weak grade-width product (7.12 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“1.78”
Context: 4.00m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
25Pico Machay · goldGrade: 1.34Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- 25
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 1.34
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 NS
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a moderate grade, indicating some mineralization, though the grade-width product is weak due to narrow width.
Positive factors
- Moderate grade (1.34 g/t Au)
Negative factors
- Weak grade-width product (1.34 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“1.34”
Context: 1.00m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
26Pico Machay · goldGrade: 0.81Grade Unit: g/tIntercept: 2.2 mView all detailsHide details
Identity
- Hole ID
- 26
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 0.81
- Grade Unit
- g/t
- Intercept
- 2.2 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 EW
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a weak grade and grade-width product, indicating lower-grade mineralization.
Negative factors
- Weak grade (0.81 g/t Au)
- Weak grade-width product (1.78 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“0.81”
Context: 2.20m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
27Pico Machay · goldGrade: 4.74Grade Unit: g/tIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- 27
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 4.74
- Grade Unit
- g/t
- Intercept
- 2 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 EW
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a strong grade, indicating good mineralization, though the grade-width product is weak.
Positive factors
- Strong grade (4.74 g/t Au)
- Weak grade-width product (9.48 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“4.74”
Context: 2.00m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
29Pico Machay · goldGrade: 2.41Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- 29
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 2.41
- Grade Unit
- g/t
- Intercept
- 3 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 EW
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a strong grade, indicating good mineralization, though the grade-width product is weak.
Positive factors
- Strong grade (2.41 g/t Au)
- Weak grade-width product (7.23 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“2.41”
Context: 3.00m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
31Pico Machay · goldGrade: 8.79Grade Unit: g/tIntercept: 0.6 mView all detailsHide details
Identity
- Hole ID
- 31
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 8.79
- Grade Unit
- g/t
- Intercept
- 0.6 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 EW
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows an exceptional grade, significantly above the 75th percentile for epithermal gold, indicating very high-grade mineralization, though the grade-width product is below the weak threshold due to narrow width.
Positive factors
- Exceptional grade (8.79 g/t Au)
- Grade is above 75th percentile for epithermal gold deposits
Negative factors
- Below weak grade-width product (5.27 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“8.79”
Context: 0.60m x 0.30m
Tags used in scoring
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The grade of 8.79 g/t Au is above the exceptional threshold of 5 g/t for epithermal gold and above the 75th percentile for epithermal gold deposits.
Evidence · table
“8.79”
Context: 0.60m x 0.30m
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
32Pico Machay · goldGrade: 7.07Grade Unit: g/tIntercept: 1.1 mView all detailsHide details
Identity
- Hole ID
- 32
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 7.07
- Grade Unit
- g/t
- Intercept
- 1.1 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 EW
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows an exceptional grade, significantly above the 75th percentile for epithermal gold, indicating very high-grade mineralization, though the grade-width product is below the weak threshold due to narrow width.
Positive factors
- Exceptional grade (7.07 g/t Au)
- Grade is above 75th percentile for epithermal gold deposits
Negative factors
- Below weak grade-width product (7.78 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“7.07”
Context: 1.10m x 0.20m
Tags used in scoring
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The grade of 7.07 g/t Au is above the exceptional threshold of 5 g/t for epithermal gold and above the 75th percentile for epithermal gold deposits.
Evidence · table
“7.07”
Context: 1.10m x 0.20m
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
33Pico Machay · goldGrade: 8.19Grade Unit: g/tIntercept: 1.8 mView all detailsHide details
Identity
- Hole ID
- 33
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 8.19
- Grade Unit
- g/t
- Intercept
- 1.8 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 EW
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows an exceptional grade, significantly above the 75th percentile for epithermal gold, indicating very high-grade mineralization, though the grade-width product is below the weak threshold due to narrow width.
Positive factors
- Exceptional grade (8.19 g/t Au)
- Grade is above 75th percentile for epithermal gold deposits
Negative factors
- Below weak grade-width product (14.74 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“8.19”
Context: 1.80m x 0.20m
Tags used in scoring
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The grade of 8.19 g/t Au is above the exceptional threshold of 5 g/t for epithermal gold and above the 75th percentile for epithermal gold deposits.
Evidence · table
“8.19”
Context: 1.80m x 0.20m
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
34Pico Machay · goldGrade: 4.24Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- 34
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 4.24
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 EW
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a strong grade, indicating good mineralization, though the grade-width product is below the weak threshold due to narrow width.
Positive factors
- Strong grade (4.24 g/t Au)
Negative factors
- Below weak grade-width product (4.24 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“4.24”
Context: 1.00m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
35Pico Machay · goldGrade: 5.77Grade Unit: g/tIntercept: 1.2 mView all detailsHide details
Identity
- Hole ID
- 35
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 5.77
- Grade Unit
- g/t
- Intercept
- 1.2 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 EW
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows an exceptional grade, significantly above the 75th percentile for epithermal gold, indicating very high-grade mineralization, though the grade-width product is below the weak threshold due to narrow width.
Positive factors
- Exceptional grade (5.77 g/t Au)
- Grade is above 75th percentile for epithermal gold deposits
Negative factors
- Below weak grade-width product (6.92 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“5.77”
Context: 1.20m x 0.20m
Tags used in scoring
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The grade of 5.77 g/t Au is above the exceptional threshold of 5 g/t for epithermal gold and above the 75th percentile for epithermal gold deposits.
Evidence · table
“5.77”
Context: 1.20m x 0.20m
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
36Pico Machay · goldGrade: 3.73Grade Unit: g/tIntercept: 0.8 mView all detailsHide details
Identity
- Hole ID
- 36
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 3.73
- Grade Unit
- g/t
- Intercept
- 0.8 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- underground
Location
- Location
- UG Channel 3 EW
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a strong grade, indicating good mineralization, though the grade-width product is below the weak threshold due to narrow width.
Positive factors
- Strong grade (3.73 g/t Au)
Negative factors
- Below weak grade-width product (2.98 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“3.73”
Context: 0.80m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
37Pico Machay · goldGrade: 1.83Grade Unit: g/tIntercept: 1.8 mView all detailsHide details
Identity
- Hole ID
- 37
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 1.83
- Grade Unit
- g/t
- Intercept
- 1.8 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- open_pit
Location
- Location
- Surface Channel 2
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a moderate grade, indicating some mineralization, though the grade-width product is weak.
Positive factors
- Moderate grade (1.83 g/t Au)
- Weak grade-width product (3.29 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“1.83”
Context: 1.80m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
38Pico Machay · goldGrade: 2.69Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- 38
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 2.69
- Grade Unit
- g/t
- Intercept
- 3 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- open_pit
Location
- Location
- Surface Channel 2
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a strong grade, indicating good mineralization, though the grade-width product is weak.
Positive factors
- Strong grade (2.69 g/t Au)
- Weak grade-width product (8.07 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“2.69”
Context: 3.00m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
39Pico Machay · goldGrade: 1.74Grade Unit: g/tIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- 39
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 1.74
- Grade Unit
- g/t
- Intercept
- 2 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- open_pit
Location
- Location
- Surface Channel 2
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a moderate grade, indicating some mineralization, though the grade-width product is weak.
Positive factors
- Moderate grade (1.74 g/t Au)
- Weak grade-width product (3.48 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“1.74”
Context: 2.00m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
40Pico Machay · goldGrade: 1.05Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- 40
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 1.05
- Grade Unit
- g/t
- Intercept
- 3 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- open_pit
Location
- Location
- Surface Channel 2
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a moderate grade, indicating some mineralization, though the grade-width product is weak.
Positive factors
- Moderate grade (1.05 g/t Au)
- Weak grade-width product (3.15 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“1.05”
Context: 3.00m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
41Pico Machay · goldGrade: 2.37Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- 41
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 2.37
- Grade Unit
- g/t
- Intercept
- 3 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- open_pit
Location
- Location
- Surface Channel 2
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a strong grade, indicating good mineralization, though the grade-width product is weak.
Positive factors
- Strong grade (2.37 g/t Au)
- Weak grade-width product (7.11 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“2.37”
Context: 3.00m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
42Pico Machay · goldGrade: 2.6Grade Unit: g/tIntercept: 3.5 mView all detailsHide details
Identity
- Hole ID
- 42
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 2.6
- Grade Unit
- g/t
- Intercept
- 3.5 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- open_pit
Location
- Location
- Surface Channel 2
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a strong grade, indicating good mineralization, though the grade-width product is weak.
Positive factors
- Strong grade (2.60 g/t Au)
- Weak grade-width product (9.1 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“2.60”
Context: 3.50m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
43Pico Machay · goldGrade: 2.21Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- 43
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 2.21
- Grade Unit
- g/t
- Intercept
- 3 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- open_pit
Location
- Location
- Surface Channel 2
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a strong grade, indicating good mineralization, though the grade-width product is weak.
Positive factors
- Strong grade (2.21 g/t Au)
- Weak grade-width product (6.63 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“2.21”
Context: 3.00m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
44Pico Machay · goldGrade: 2.21Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- 44
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 2.21
- Grade Unit
- g/t
- Intercept
- 4 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- open_pit
Location
- Location
- Surface Channel 2
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a strong grade, indicating good mineralization, though the grade-width product is weak.
Positive factors
- Strong grade (2.21 g/t Au)
- Weak grade-width product (8.84 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“2.21”
Context: 4.00m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
45Pico Machay · goldGrade: 2.28Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- 45
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 2.28
- Grade Unit
- g/t
- Intercept
- 4 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- open_pit
Location
- Location
- Surface Channel 2
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a strong grade, indicating good mineralization, though the grade-width product is weak. It is a duplicate sample.
Positive factors
- Strong grade (2.28 g/t Au)
- Weak grade-width product (9.12 g/t·m)
Negative factors
- Apparent width only, true width not stated
- Sample is a duplicate of Sample 44
Evidence · table
“2.28”
Context: 4.00m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
46Pico Machay · goldGrade: 5.58Grade Unit: g/tIntercept: 1.5 mView all detailsHide details
Identity
- Hole ID
- 46
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 5.58
- Grade Unit
- g/t
- Intercept
- 1.5 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- open_pit
Location
- Location
- Surface Channel 2
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows an exceptional grade, significantly above the 75th percentile for epithermal gold, indicating very high-grade mineralization, though the grade-width product is below the weak threshold due to narrow width.
Positive factors
- Exceptional grade (5.58 g/t Au)
- Grade is above 75th percentile for epithermal gold deposits
Negative factors
- Below weak grade-width product (8.37 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“5.58”
Context: 1.50m x 0.20m
Tags used in scoring
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The grade of 5.58 g/t Au is above the exceptional threshold of 5 g/t for epithermal gold and above the 75th percentile for epithermal gold deposits.
Evidence · table
“5.58”
Context: 1.50m x 0.20m
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
47Pico Machay · goldGrade: 1.87Grade Unit: g/tIntercept: 1.2 mView all detailsHide details
Identity
- Hole ID
- 47
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 1.87
- Grade Unit
- g/t
- Intercept
- 1.2 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- open_pit
Location
- Location
- Surface Channel 2
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a moderate grade, indicating some mineralization, though the grade-width product is weak due to narrow width.
Positive factors
- Moderate grade (1.87 g/t Au)
Negative factors
- Weak grade-width product (2.24 g/t·m)
- Apparent width only, true width not stated
Evidence · table
“1.87”
Context: 1.20m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
48Pico Machay · goldGrade: 1.35Grade Unit: g/tIntercept: 2.1 mView all detailsHide details
Identity
- Hole ID
- 48
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 1.35
- Grade Unit
- g/t
- Intercept
- 2.1 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- open_pit
Location
- Location
- Surface Channel 2
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a moderate grade, indicating some mineralization, though the grade-width product is weak.
Positive factors
- Moderate grade (1.35 g/t Au)
- Weak grade-width product (2.84 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“1.35”
Context: 2.10m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
49Pico Machay · goldGrade: 3.39Grade Unit: g/tIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- 49
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 3.39
- Grade Unit
- g/t
- Intercept
- 2 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- open_pit
Location
- Location
- Surface Channel 2
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a strong grade, indicating good mineralization, though the grade-width product is weak.
Positive factors
- Strong grade (3.39 g/t Au)
- Weak grade-width product (6.78 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“3.39”
Context: 2.00m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
50Pico Machay · goldGrade: 1.41Grade Unit: g/tIntercept: 2.5 mView all detailsHide details
Identity
- Hole ID
- 50
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 1.41
- Grade Unit
- g/t
- Intercept
- 2.5 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- open_pit
Location
- Location
- Surface Channel 2
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a moderate grade, indicating some mineralization, though the grade-width product is weak.
Positive factors
- Moderate grade (1.41 g/t Au)
- Weak grade-width product (3.53 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“1.41”
Context: 2.50m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
51Pico Machay · goldGrade: 1.79Grade Unit: g/tIntercept: 1.8 mView all detailsHide details
Identity
- Hole ID
- 51
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 1.79
- Grade Unit
- g/t
- Intercept
- 1.8 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- open_pit
Location
- Location
- Surface Channel 2
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a moderate grade, indicating some mineralization, though the grade-width product is weak.
Positive factors
- Moderate grade (1.79 g/t Au)
- Weak grade-width product (3.22 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“1.79”
Context: 1.80m x 0.30m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
QA/QC DisclosedRejected · positive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Reason: The release mentions QA/QC procedures including review by QPs, SGS lab, fire assay, ICP, and field duplicates.
Evidence · text
“All scientific and technical information in this news release has been reviewed and approved by Joanne Freeze, P.Geo. and Ing. Enrique Bernuy. Ms. Freeze has verified the data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Ms. Freeze has verified the data disclosed in this news release by reviewing imported and sorted assay data; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Ms. Freeze detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to in this news release. The 197 samples were submitted to SGS in Lima, Peru for gold and silver analysis using fire assay and atomic absorption methods, along with multi-element Inductively Coupled Plasma (“ICP”) for 36 elements.”
52Pico Machay · goldGrade: 3.49Grade Unit: g/tIntercept: 2.6 mView all detailsHide details
Identity
- Hole ID
- 52
- Project
- Pico Machay
- Commodity
- gold
- Region
- peru
- Reported Region
- peru
- Ticker
- XGC
Geometry
- Grade
- 3.49
- Grade Unit
- g/t
- Intercept
- 2.6 m
Classification
- Deposit Type
- epithermal
- Program
- resource
- Sample Type
- channel
- Mining Method
- open_pit
Location
- Location
- Surface Channel 2
- Loc. Source
- document
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: This individual channel sample shows a strong grade, indicating good mineralization, though the grade-width product is weak.
Positive factors
- Strong grade (3.49 g/t Au)
- Weak grade-width product (9.07 g/t·m)
Negative factors
- Apparent width only, true width not stated
Evidence · table
“3.49”
Context: 2.60m x 0.20m
Tags used in scoring
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Channel sample length is stated as true sample length along the channel and may not represent true widths of mineralization.
Evidence · text
“Channel samples were collected continuously across exposed mineralized zones within underground workings. Sample lengths represent true sample lengths along the channel and may not represent true widths of mineralization, which has no clear orientation.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program was collected to support efforts to validate, update and potentially upgrade the historical mineral resource estimate.
Evidence · text
“The Program included both systematic channel sampling within previously unsampled underground workings and surface rock chip sampling across areas within the resource area of Pico Machay. Assay and ICP results have been received for 51 of 197 samples collected to date. The samples are comprised of 78 underground channel samples and 119 surface samples, collected to support the Company's efforts to validate, update and potentially upgrade the historical mineral resource estimate at Pico Machay.”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.