Xali Gold Corp. (TSXV:XGC), a prominent mining company, has announced a significant development for its Pico Machay Gold Project in Peru. On February 22, 2026, the community of Santa Ana granted authorization for the company to proceed with further mining exploration activities, signaling strong local support and a collaborative approach to resource development.
Community Partnership and Strategic Vision
This authorization underscores the constructive relationship between Xali Gold and the Santa Ana community. Joanne Freeze, President and CEO of Xali Gold, emphasized the importance of this agreement, stating, "This agreement underscores the strong, constructive relationship we are building together with the community of Santa Ana. It provides a clear pathway for Xali Gold to progress its field work and continue to build a long-term partnership focused on shared benefits, transparency, and responsible development throughout the life of the Pico Machay Project."
The company plans to immediately initiate a comprehensive field program aimed at unlocking the project's potential. This program will involve updating exploration, engineering, and economic studies previously conducted from 1999 through 2009, alongside ongoing community engagement and environmental assessments.
Technical and Geological Advancements
As part of the Phase I Program outlined in the Pico Machay Technical Report filed on December 16, 2025, Xali Gold will undertake several key technical activities:
- Analysis of Historical Drill Results: Systematic relogging of historical reverse-circulation drill cuttings to document lithologies, alteration, and mineralization, with a detailed review of assays and data to enhance understanding of mineralization controls.
- Advanced Modelling: Reconstruction of geological and resource models using 3D software to optimize deposit comprehension.
- Mapping and Reconnaissance: Geological mapping of the entire property to better define stratigraphy and mineralization controls, as well as delineate undrilled exploration targets.
- Sampling: Collection of rock chip and bulk samples from surface and underground workings to gather critical data.
Social Engagement and Environmental Commitment
Xali Gold's social strategy, agreed upon in the February 22nd meeting, is founded on mutual respect and transparency. Key elements include:
- Social Diagnosis and Baseline: Gathering information to ensure project development in partnership with the community.
- Long-Term Negotiation: Continuing discussions for a long-term agreement covering exploration and operations, based on the successful 2008 agreement between Santa Ana and Minera Calipuy.
- Respect for Artisanal Mining: Commitment to coexistence with community members holding REINFO registrations within concession areas.
- Local Contracting: Prioritizing jobs and services for qualified community members to foster local economic benefits.
Environmental studies will involve basic, low-impact data collection to support permitting for all project stages and ensure the integrity of the Pico Machay area. This holistic approach aims to balance economic development with social responsibility and environmental stewardship, positioning the Pico Machay Gold Project as a model for sustainable mining practices in Peru.
