Vancouver, British Columbia--(Newsfile Corp. - June 30, 2026) - Gold X2 Mining Inc. (TSXV: AUXX) (OTCQB: GSHRF) (FSE: DF8) ("Gold X2" or the "Company") is pleased to announce the most recent assays from its ongoing infill and resource expansion drilling program targeting the Main Zone at the Moss Gold Project in Northwest Ontario, Canada (the "Moss Gold Project").
Michael Henrichsen, CEO and Director of Gold X2, commented: "These intercepts confirm a significant expansion of mineralized widths in the Moss Main Zone, which had seen limited historical drilling. The results demonstrate an expansion of the in-pit resource and will be included in a future Mineral Resource Estimate ("MRE") update on the project scheduled for Q4 2026 or Q1 2027."
Highlights
Six holes were drilled on the southern edge of the Main Zone during the winter ice drilling campaign on the 2-meter-deep Snodgrass Lake, infilling shallow marginal shears previously only tested by historical drilling. The holes intersected multiple wide shears within the current RPEEE ("Reasonable Prospects for Eventual Economic Extraction") pit that are significantly wider than those modelled in the current Mineral Resource Estimate. They also intersected several narrow high-grade primary shears. Select intercepts include:
MMD-26-371
40.0m of 0.60 g/t Au from 466.0m
MMD-26-375
3.55m of 7.43 g/t Au from 199.45m, including 2.0m of 12.9 g/t Au from 201.0m
MMD-26-379
57.95m of 0.86 g/t Au from 182.0m, including 17.1m of 1.85 g/t Au from 189.9m
MMD-26-381
32.8m of 1.22 g/t Au from 166.2m, including 3.5m of 6.83 g/t Au from 171.5m; and
23.0m of 0.97 g/t Au from 220.0m, including 13.0m of 1.43 g/t Au from 230.0m; and
21.0m of 1.12 g/t Au from 263.0m, including 15.0m of 1.44 g/t Au from 269.0m
MMD-26-384
14.0m of 1.75 g/t Au from 111.0m, including 3.0m of 6.94 g/t Au from 115.0m; and
2.0m of 15.3 g/t Au from 189.0m
Technical Overview
The results of the six holes drilled into the southern margin of the Main Zone are illustrated in the following figures and tables. Figure 1 shows the location map of the drill holes reported in this release. Figure 2 provides a typical cross-section through drill holes MMD-26-379 and MMD-26-381. The results are summarized in Tables 1 to 3, which include significant intercepts (Table 1), drill hole locations (Table 2) and the reconciliation between actual drill intercepts and those predicted by the current resource model (Table 3).
Figure 1: Shows the location of the holes drilled from ice into marginal shears on the southern flank of the Main Zone