Business
Gold X2 Mining Announces Agreement to Assume Option for Greenfields Target at Star Lake
Vancouver, British Columbia--(Newsfile Corp. - January 12, 2026) - Gold X2 Mining Inc. (TSXV: AU...
About this update from Gold X2 Mining Inc.
[{"type":"text","content":"Gold X2 Mining Announces Agreement to Assume Option for Greenfields Target at Star LakeVancouver, British Columbia--(Newsfile Corp. - January 12, 2026) - Gold X2 Mining Inc. (TSXV: AUXX) (OTCQB: GSHRF) (FSE: DF8) (\"Gold X2\" or the \"Company\"), is pleased to announce that it has signed a definitive agreement (the \"Definitive Agreement\") with Sky Gold Corp. (\"Sky Gold\") to acquire, in stages, Sky Gold's interest in an option agreement (the \"Option Agreement\") for the Star Lake claims (the \"Star Lake Property\"). The Star Lake Property covers 10,540 ha and is approximately 23 kilometers to the east of the Company's Moss Gold Project in Northwest Ontario, Canada (the \"Moss Gold Project\"). Acquisition of the Star Lake Property would bring the Company's total land package in the emerging Shebandowan Greenstone Belt to 40,456 hectares. Michael Henrichsen, CEO of Gold X2 commented, \"We are very excited to have assumed the option to explore the highly prospective undrilled Star Lake property. It represents the opportunity to make another major discovery in the emerging Shebandowan Greenstone Belt and is consistent with our plan to create an exploration pipeline as we build and consolidate our district scale land position.\"HighlightsThe acquisition of the Star Lake Property would give Gold X2 control of three of the four significant gold-in-till anomalies defined by the Ontario Geological Survey's regional till database across the Shebandowan Greenstone Belt. The other three gold-in-till anomalies are all associated with significant bedrock gold mineralization, including the Moss Gold Deposit, the historical Ardeen mine now owned by Gold X2, and the recent \"Eureka Zone\" discovery at Delta-1 owned by Delta Resources.Figure 1: Illustrates the gold-in-till anomalies in the Shebandowan Greenstone Belt and the location of the Star Lake Property relative to the Moss Gold Deposit.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8051/279984_109d9101e4d68a26_002full.jpgProject DescriptionThe execution of the Definitive Agreement for the option to acquire the Star Lake Property, covering 10,540 ha, demonstrates Gold X2's focus on creating a highly prospective exploration pipeline within the emerging Shebandowan Greenstone Belt. Star Lake hosts one of only four significant gold-in-till a...