Gold X2 Mining Inc. (NYSE American: AUXX; TSXV: AUXX) reported new drill results from its Moss Gold Project in northwestern Ontario, confirming significant gold mineralization 100 meters below the current RPEEE pit shell at the QES Zone.
Hole MQD-26-474 returned 173.0m of 0.89 g/t gold from 685.0m depth, including a higher-grade interval of 16.0m of 1.05 g/t Au from 696.0m and an 8.0m zone grading 4.86 g/t Au from 721.0m. A second hole, MQD-26-465, intercepted 157.75m of 0.90 g/t Au from 707.25m, with 42.0m grading 1.43 g/t Au and a 11.95m high-grade interval of 2.65 g/t Au from 790.05m.
Both holes were part of a 21-hole resource expansion campaign targeting the deep extensions of the QES Zone. Twelve holes are now complete, with approximately 75 to 100m of drilling completed below the current pit shell.
"These results reinforce the potential to expand the open pit to depth and represent a meaningful opportunity to grow the current mineral resource at the Moss Gold Project," CEO Michael Henrichsen said. "With 12 of the 21 planned holes in the QES resource expansion program now complete, we are continuing to define the scale and continuity of mineralization beneath the existing pit."
Additional assay results are expected over the coming weeks as the program advances.
The updated 2026 NI 43-101 mineral resource estimate for the combined Moss and East Coldstream deposits reports indicated gold resources of 2.458 million ounces at an average grade of 1.04 g/t Au within 73.8 million tonnes, and inferred resources of 4.209 million ounces at 0.97 g/t Au contained within 134.7 million tonnes. The Moss Deposit alone carries 3.160 million ounces of indicated silver at 1.53 g/t Ag within 64.3 million tonnes and 6.273 million ounces of inferred silver at 1.55 g/t Ag within 125.9 million tonnes.
In a separate intercept from hole MQD-26-466, 13.0m of 0.77 g/t Au was reported from 273.0m depth. The deepest historical hole referenced, MQD-25-326, previously intersected 117m of 1.21 g/t Au at a position approximately 180m below the current campaign level.
The company noted that internal waste zones totaling roughly 20m were included within the broader bulk-tonnage intercepts from both MQD-26-465 and MQD-26-474. Assay work was conducted by ALS Geochemistry facilities in Thunder Bay and Vancouver, with quality controls involving Standards Council of Canada–accredited standards. DGI Geosciences provided geological services for the program.
Peter Flindell, PGeo, MAusIMM, MAIG, serving as chief operating officer and qualified person under NI 43-101, reviewed and approved the technical disclosures.
