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Gold X2 Discovers Two Mineralized Shears on the Deaty Trend Including 17.0m @ 1.23 g/t Au

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Executive Summary

Gold X2 Mining Inc. has reported encouraging assay results from its inaugural four-hole drilling program at the Bunker target, located along the 5-kilometer Deaty trend at the company's Moss Gold Project in Northwest Ontario. The program successfully identified two distinct mineralized shear zones in an area completely covered by glacial deposits, validating the company's greenfields exploration methodology.

The most significant intersection yielded 17.0 meters grading 1.23 grams per tonne gold, representing a substantial discovery in previously untested ground. The identification of these mineralized structures, designated as the Sand Shear and Wedge Shear, demonstrates continuity of mineralization along the broader Deaty trend system and suggests potential for additional discoveries in the immediate vicinity.

This initial success holds particular significance for Gold X2's exploration strategy, as it confirms the presence of gold-bearing structures beneath glacial cover using modern exploration techniques. The company's management has expressed confidence in the potential for meaningful discoveries within 2-3 kilometers of the existing Moss deposit, indicating a systematic approach to expanding the project's resource base.

The positive results position Gold X2 to advance an aggressive exploration program along the entire 5-kilometer Deaty trend, with the discovery of two separate shear zones suggesting a robust structural system capable of hosting multiple mineralized zones. This development enhances the overall exploration potential of the Moss Gold Project and provides a foundation for expanded drilling activities in the region.
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