Gold X2 Drills 117m of 1.12g/t Au, Including 10m of 4.37g/t Au; High-Grade Zone Intersected 280m Beneath the Resource Pit Demonstrating Underground Potential at the Moss Gold Deposit

Gold X2 Mining Inc. has announced encouraging initial drilling results from its Moss Gold Project in Northwest Ontario, marking a significant step forward in defining the deposit's underground potential. The company intercepted 117 meters of 1.12 grams per tonne gold, highlighted by a particularly robust 10-meter section grading 4.37 grams per tonne gold in the QES Zone.

The most significant aspect of these results is the location of the high-grade mineralization, situated 280 meters beneath the current resource pit outline. This discovery demonstrates the deposit's vertical continuity and suggests substantial underground mining potential beyond the currently defined surface resource. The intersection represents some of the highest-grade mineralization reported from the project to date, indicating the presence of enriched gold zones at depth.

For Gold X2, these results validate the company's strategy of exploring deeper targets and could materially impact future resource estimates and mine planning scenarios. The discovery of high-grade mineralization well below the pit shell opens new avenues for resource expansion and potentially extends the project's mine life through underground extraction methods. This development is particularly significant in the current gold market environment, where companies are increasingly focused on identifying high-grade zones that can support profitable underground operations.

The drilling program targeted the QES Zone specifically to test for extensions of known mineralization at depth, and the positive results suggest additional exploration potential remains untested. These findings position the Moss Gold Project as a more robust asset with multi-level mining potential, potentially enhancing its attractiveness to investors and future development partners in Ontario's active gold mining sector.