# Xali Gold Discovers Higher Grade Gold Mineralization at Pico Machay Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205 Original source: https://money.tmx.com/en/quote/XGC/news/7436979973573053/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay Publisher: tmx Original announcement: 2026-06-25T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas 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 factor: Discovery of higher-grade gold mineralization - Positive factor: Systematic channel sampling provides valuable insight into grade variation and continuity - Positive factor: Results strengthen confidence in the project - Positive factor: Program aims to validate, update, and upgrade historical resource estimate - Positive factor: Several high-grade intercepts, some above 75th percentile for epithermal gold - Negative factor: Only 25% of samples received to date - Negative factor: Channel samples may not represent true widths of mineralization - Negative factor: Historical resource estimate requires validation and upgrade Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 57 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 57. Some facts used in scoring do not have a stored record. ## Drill Results (57) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-0) Pico Machay · gold #### 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 factor: Strong grade-width product \(100.12 g/t·m\) - Positive factor: Strong grade \(2.22 g/t Au\) - Positive factor: Significant intercept length \(45.1m\) - Positive factor: Supports resource upgrade efforts - Negative factor: 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 Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-1) Pico Machay · gold #### 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 factor: Strong grade \(4.17 g/t Au\) - Positive factor: Strong grade-width product \(83.4 g/t·m\) - Positive factor: Contributes to resource upgrade efforts - Negative factor: Apparent width only, true width not stated Evidence · text > 4.17 g/t Au over 20.0m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-2) Pico Machay · gold #### 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 factor: Moderate grade-width product \(61.24 g/t·m\) - Positive factor: Moderate grade \(1.49 g/t Au\) - Positive factor: Significant intercept length \(41.1m\) - Positive factor: Supports resource upgrade efforts - Negative factor: 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 Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-3) Pico Machay · gold #### 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 factor: Strong grade \(3.44 g/t Au\) - Positive factor: Weak grade-width product \(27.52 g/t·m\) - Positive factor: Contributes to resource upgrade efforts - Negative factor: Apparent width only, true width not stated Evidence · text > 3.44 g/t Au over 8.0m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 5 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-4) Pico Machay · gold #### 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 factor: Strong grade \(4.41 g/t Au\) - Positive factor: Moderate grade-width product \(60.42 g/t·m\) - Positive factor: Supports resource upgrade efforts - Negative factor: 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 Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 6 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-5) Pico Machay · gold #### 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 factor: Exceptional grade \(6.45 g/t Au\) - Positive factor: Moderate grade-width product \(41.93 g/t·m\) - Positive factor: Grade is above 75th percentile for epithermal gold deposits - Positive factor: Contributes to resource upgrade efforts - Negative factor: Apparent width only, true width not stated Evidence · text > 6.45 g/t Au over 6.5m #### Tags used in scoring **Bonanza Intercept** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 7 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-6) Pico Machay · gold #### 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 factor: Strong grade \(2.28 g/t Au\) - Positive factor: Strong grade-width product \(91.2 g/t·m\) - Positive factor: Significant intercept length \(40.0m\) - Positive factor: Supports resource upgrade efforts - Negative factor: 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 Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-7) Pico Machay · gold #### 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 factor: Weak grade \(0.51 g/t Au\) - Negative factor: Weak grade-width product \(1.02 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 0.51 Context: 2.00m x0.30m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-8) Pico Machay · gold #### 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 factor: Weak grade \(0.43 g/t Au\) - Negative factor: Weak grade-width product \(2.15 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 0.43 Context: 5.00m x 0.30m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-9) Pico Machay · gold #### 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 factor: Weak grade \(0.71 g/t Au\) - Negative factor: Weak grade-width product \(2.84 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 0.71 Context: 4.00m x 0.30m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-10) Pico Machay · gold #### 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 factor: Strong grade \(2.28 g/t Au\) - Positive factor: Weak grade-width product \(9.12 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 2.28 Context: 4.00m x 0.30m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 5 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-11) Pico Machay · gold #### 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 factor: Strong grade \(2.89 g/t Au\) - Positive factor: Weak grade-width product \(14.45 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 2.89 Context: 5.00m x 0.30m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 6 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-12) Pico Machay · gold #### 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 factor: Exceptional grade \(8.30 g/t Au\) - Positive factor: Grade is above 75th percentile for epithermal gold deposits - Positive factor: Weak grade-width product \(24.9 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 8.30 Context: 3.00m x 0.30m #### Tags used in scoring **Bonanza Intercept** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 7 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-13) Pico Machay · gold #### 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 factor: Exceptional grade \(7.48 g/t Au\) - Positive factor: Grade is above 75th percentile for epithermal gold deposits - Positive factor: Weak grade-width product \(29.92 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 7.48 Context: 4.00m x 0.30m #### Tags used in scoring **Bonanza Intercept** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 8 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-14) Pico Machay · gold #### 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 factor: Moderate grade \(1.26 g/t Au\) - Positive factor: Weak grade-width product \(5.04 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 1.26 Context: 4.00m x 0.30m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 9 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-15) Pico Machay · gold #### 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 factor: Weak grade \(0.57 g/t Au\) - Negative factor: Weak grade-width product \(2.28 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 0.57 Context: 4.00m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 10 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-16) Pico Machay · gold #### 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 factor: Weak grade \(0.66 g/t Au\) - Negative factor: Weak grade-width product \(2.64 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 0.66 Context: 4.00m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 11 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-17) Pico Machay · gold #### 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 factor: Moderate grade \(1.13 g/t Au\) - Positive factor: Weak grade-width product \(4.52 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 1.13 Context: 4.00m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 12 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-18) Pico Machay · gold #### 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 factor: Weak grade \(0.51 g/t Au\) - Negative factor: Weak grade-width product \(1.07 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 0.51 Context: 2.10m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 13 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-19) Pico Machay · gold #### 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 factor: Below weak grade \(0.08 g/t Au\) - Negative factor: Below weak grade-width product \(0.008 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 0.08 Context: 0.10m x 0.30m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 14 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-20) Pico Machay · gold #### 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 factor: Weak grade \(0.80 g/t Au\) - Negative factor: Weak grade-width product \(3.44 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 0.80 Context: 4.30m x 0.30m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 15 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-21) Pico Machay · gold #### 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 factor: Moderate grade \(1.26 g/t Au\) - Positive factor: Weak grade-width product \(4.79 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 1.26 Context: 3.80m x 0.30m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 16 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-22) Pico Machay · gold #### 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 factor: Weak grade \(0.69 g/t Au\) - Negative factor: Weak grade-width product \(2.76 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 0.69 Context: 4.00m x 0.30m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 17 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-23) Pico Machay · gold #### 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 factor: Weak grade \(0.55 g/t Au\) - Negative factor: Weak grade-width product \(1.65 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 0.55 Context: 3.00m x 0.30m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 18 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-24) Pico Machay · gold #### 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 factor: Moderate grade \(1.11 g/t Au\) - Positive factor: Weak grade-width product \(5.55 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 1.11 Context: 5.00m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 19 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-25) Pico Machay · gold #### 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 factor: Strong grade \(3.43 g/t Au\) - Positive factor: Weak grade-width product \(15.09 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 3.43 Context: 4.40m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 20 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-26) Pico Machay · gold #### 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 factor: Exceptional grade \(6.70 g/t Au\) - Positive factor: Grade is above 75th percentile for epithermal gold deposits - Positive factor: Weak grade-width product \(29.48 g/t·m\) - Negative factor: Apparent width only, true width not stated - Negative factor: Sample is a duplicate of Sample 19 Evidence · table > 6.70 Context: 4.40m x 0.20m #### Tags used in scoring **Bonanza Intercept** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 21 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-27) Pico Machay · gold #### 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 factor: Moderate grade \(1.46 g/t Au\) - Positive factor: Weak grade-width product \(5.26 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 1.46 Context: 3.60m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 22 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-28) Pico Machay · gold #### 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 factor: Weak grade \(0.92 g/t Au\) - Negative factor: Weak grade-width product \(3.96 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 0.92 Context: 4.30m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 23 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-29) Pico Machay · gold #### 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 factor: Weak grade \(0.82 g/t Au\) - Negative factor: Weak grade-width product \(3.03 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 0.82 Context: 3.70m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 24 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-30) Pico Machay · gold #### 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 factor: Moderate grade \(1.78 g/t Au\) - Positive factor: Weak grade-width product \(7.12 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 1.78 Context: 4.00m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 25 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-31) Pico Machay · gold #### 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 factor: Moderate grade \(1.34 g/t Au\) - Negative factor: Weak grade-width product \(1.34 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 1.34 Context: 1.00m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 26 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-32) Pico Machay · gold #### 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 factor: Weak grade \(0.81 g/t Au\) - Negative factor: Weak grade-width product \(1.78 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 0.81 Context: 2.20m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 27 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-33) Pico Machay · gold #### 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 factor: Strong grade \(4.74 g/t Au\) - Positive factor: Weak grade-width product \(9.48 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 4.74 Context: 2.00m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 29 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-34) Pico Machay · gold #### 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 factor: Strong grade \(2.41 g/t Au\) - Positive factor: Weak grade-width product \(7.23 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 2.41 Context: 3.00m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 31 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-35) Pico Machay · gold #### 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 factor: Exceptional grade \(8.79 g/t Au\) - Positive factor: Grade is above 75th percentile for epithermal gold deposits - Negative factor: Below weak grade-width product \(5.27 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 8.79 Context: 0.60m x 0.30m #### Tags used in scoring **Bonanza Intercept** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 32 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-36) Pico Machay · gold #### 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 factor: Exceptional grade \(7.07 g/t Au\) - Positive factor: Grade is above 75th percentile for epithermal gold deposits - Negative factor: Below weak grade-width product \(7.78 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 7.07 Context: 1.10m x 0.20m #### Tags used in scoring **Bonanza Intercept** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 33 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-37) Pico Machay · gold #### 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 factor: Exceptional grade \(8.19 g/t Au\) - Positive factor: Grade is above 75th percentile for epithermal gold deposits - Negative factor: Below weak grade-width product \(14.74 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 8.19 Context: 1.80m x 0.20m #### Tags used in scoring **Bonanza Intercept** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 34 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-38) Pico Machay · gold #### 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 factor: Strong grade \(4.24 g/t Au\) - Negative factor: Below weak grade-width product \(4.24 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 4.24 Context: 1.00m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 35 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-39) Pico Machay · gold #### 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 factor: Exceptional grade \(5.77 g/t Au\) - Positive factor: Grade is above 75th percentile for epithermal gold deposits - Negative factor: Below weak grade-width product \(6.92 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 5.77 Context: 1.20m x 0.20m #### Tags used in scoring **Bonanza Intercept** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 36 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-40) Pico Machay · gold #### 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 factor: Strong grade \(3.73 g/t Au\) - Negative factor: Below weak grade-width product \(2.98 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 3.73 Context: 0.80m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 37 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-41) Pico Machay · gold #### 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 factor: Moderate grade \(1.83 g/t Au\) - Positive factor: Weak grade-width product \(3.29 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 1.83 Context: 1.80m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 38 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-42) Pico Machay · gold #### 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 factor: Strong grade \(2.69 g/t Au\) - Positive factor: Weak grade-width product \(8.07 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 2.69 Context: 3.00m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 39 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-43) Pico Machay · gold #### 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 factor: Moderate grade \(1.74 g/t Au\) - Positive factor: Weak grade-width product \(3.48 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 1.74 Context: 2.00m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 40 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-44) Pico Machay · gold #### 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 factor: Moderate grade \(1.05 g/t Au\) - Positive factor: Weak grade-width product \(3.15 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 1.05 Context: 3.00m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 41 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-45) Pico Machay · gold #### 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 factor: Strong grade \(2.37 g/t Au\) - Positive factor: Weak grade-width product \(7.11 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 2.37 Context: 3.00m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 42 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-46) Pico Machay · gold #### 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 factor: Strong grade \(2.60 g/t Au\) - Positive factor: Weak grade-width product \(9.1 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 2.60 Context: 3.50m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 43 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-47) Pico Machay · gold #### 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 factor: Strong grade \(2.21 g/t Au\) - Positive factor: Weak grade-width product \(6.63 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 2.21 Context: 3.00m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 44 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-48) Pico Machay · gold #### 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 factor: Strong grade \(2.21 g/t Au\) - Positive factor: Weak grade-width product \(8.84 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 2.21 Context: 4.00m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 45 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-49) Pico Machay · gold #### 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 factor: Strong grade \(2.28 g/t Au\) - Positive factor: Weak grade-width product \(9.12 g/t·m\) - Negative factor: Apparent width only, true width not stated - Negative factor: Sample is a duplicate of Sample 44 Evidence · table > 2.28 Context: 4.00m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 46 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-50) Pico Machay · gold #### 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 factor: Exceptional grade \(5.58 g/t Au\) - Positive factor: Grade is above 75th percentile for epithermal gold deposits - Negative factor: Below weak grade-width product \(8.37 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 5.58 Context: 1.50m x 0.20m #### Tags used in scoring **Bonanza Intercept** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 47 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-51) Pico Machay · gold #### 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 factor: Moderate grade \(1.87 g/t Au\) - Negative factor: Weak grade-width product \(2.24 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 1.87 Context: 1.20m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 48 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-52) Pico Machay · gold #### 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 factor: Moderate grade \(1.35 g/t Au\) - Positive factor: Weak grade-width product \(2.84 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 1.35 Context: 2.10m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 49 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-53) Pico Machay · gold #### 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 factor: Strong grade \(3.39 g/t Au\) - Positive factor: Weak grade-width product \(6.78 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 3.39 Context: 2.00m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 50 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-54) Pico Machay · gold #### 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 factor: Moderate grade \(1.41 g/t Au\) - Positive factor: Weak grade-width product \(3.53 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 1.41 Context: 2.50m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 51 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-55) Pico Machay · gold #### 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 factor: Moderate grade \(1.79 g/t Au\) - Positive factor: Weak grade-width product \(3.22 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 1.79 Context: 1.80m x 0.30m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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. ### 52 [Link to this fact](https://atlas-extractions.minestarters.com/news/xali-gold-discovers-higher-grade-gold-mineralization-at-pico-machay--0e5de1ef-8114-4db1-a8f6-99a127bbd205#fact-drill-facts-56) Pico Machay · gold #### 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 factor: Strong grade \(3.49 g/t Au\) - Positive factor: Weak grade-width product \(9.07 g/t·m\) - Negative factor: Apparent width only, true width not stated Evidence · table > 3.49 Context: 2.60m x 0.20m #### Tags used in scoring **Apparent Width Only** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: 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.