Gold X2 Announces Positive Reconciliation in Main Zone Grade Control Drilling with Intercepts Including 49.0m of 2.13 g/t Au

Gold X2 Mining Inc. has reported encouraging results from its grade control drilling program at the Moss Gold Project in Northwest Ontario, marking completion of the fourth and final batch of assay results. The program consisted of eleven shallow holes targeting marginal to core shears within the Main Zone, designed to emulate grade control drilling conditions that would be used in an operating mine environment.

The standout result from this drilling campaign was an intercept of 49.0 meters grading 2.13 grams per tonne gold, demonstrating the continuity and grade consistency of the mineralized zones. More significantly, the company conducted a comprehensive reconciliation exercise to evaluate how their current resource model would perform under actual mining conditions, with results described as very encouraging by management.

A key discovery from this program was the identification of additional secondary shear zones that had previously been unrecognized and classified as waste material in the existing resource model. This finding suggests that the current resource estimate may be conservative and that there is potential for resource expansion through more detailed drilling. The close-spaced drilling approach has provided Gold X2 with enhanced confidence in the grade distribution and structural controls of gold mineralization at the mine scale.

Looking forward, the company expects that the upcoming infill drilling program, utilizing tighter drill spacing informed by these grade control results, will likely lead to resource growth and meaningful improvements to the project's overall economics and mine plan. This systematic approach to de-risking the resource model positions Gold X2 well for advancing the Moss Gold Project toward potential development, with a more robust understanding of the deposit's mining characteristics and economic potential.