Gold X2 Mining defines 5-km anomalous mineralized trend south of Moss Gold Deposit, Ontario
Gold X2 Mining Inc. [TSXV: AUXX; OTCQB: GSHRF; FSE: 8X00] reported the successful completion of a comprehensive geochemical and geophysical targeting initiative at the Moss Gold Project, northwest Ontario, Canada, designed to unlock the potential of previously unrecognized mineralized zones.
Utilizing holistic interpretation techniques based on quality systematic datasets, the company has identified high-potential targets that mirror the signature of the Moss Gold deposit, one of the region’s most prolific gold discoveries.
Michael Henrichsen, CEO of Gold X2 commented, “Our 2025 exploration program at Moss has successfully demonstrated the emerging nature of Moss and the district’s significant potential. We’re thrilled to have outlined multiple high-priority targets across our Deaty and Moss Trends, showcasing the potential for further gold discoveries. With several drill-ready targets, we’re well-positioned to unlock value through systematic exploration, and we look forward to commencing drilling at the Bunker target in October.”
Highlights: Systematic bedrock geochemistry sampling and Moss-style geophysical fingerprints have identified several prospects in the Deaty Trend that comprise a 5-km-long zone of gold anomalism within four primary targets.
Exploration has also better defined the Moss Trend, which is displaced across two NNE-striking faults, and covers a total strike length of at least 8 km.
This includes the 1.6-km long Moss Nose target that represents the offset portion of the Moss Deposit to the south; an expansion of the near-pit Superion prospect to be 700 meters long and 500 metres wide; and several parallel prospects from 600 to 1,500 metres long immediately to the south of Moss and in a trend between Moss and Deaty that require follow-up.
Targets have been prioritized for follow-up surface exploration with several drill-ready targets defined. A 1,500-metre scout drill program at the Bunker prospect will commence in October.
Gold X2 conducted an extensive exploration program over the Moss Block, an area of 34 km2 covering cell claims and leases surrounding the Moss Gold Deposit and the known 13-km long Deaty Trend in the south. The program included geophysical surveys run by Abitibi Geophysics, bedrock grab sampling from the summer of 2024, and top of bedrock drilling in the winter of 2024/25 as follows: 27 line-km of OreVision pole-dipole survey covering the Moss Gold deposit to fingerprint the induced polarization signature of the mineralized system. Fifteen NW-SE oriented survey lines were 1.8 km long and 200 metres apart, and dipoles were on a spacing of 25 metres; 263.8 line-km of gradient array with 100-metre spaced lines in nine NW-SE oriented survey blocks that varied in length from 1.15 to 3.675 km long.
A total of 1,567 unbiased surface grab samples of bedrock on 400-meter spaced lines; 141 top of bedrock drill holes drilled on 50-meter centers along 400-800-metre spaced lines crossing areas of overburden cover.
Where suitable, historically completed work was utilized, including a 2016 Wesdome geophysical survey, and surface grab samples collected by Gold X2 in 2022-2023.
The geochemical grid was designed following a 2024 study of the Moss Gold drillhole database. This study demonstrated that the Moss Gold deposit could be effectively identified through a 400 x 50-metre grid sampling program, where a recognizable deposit signature typically involves multiple samples exhibiting a strong prospectivity score defined by gold and various weighted pathfinder elements for Moss-style mineralization (Ag, Te, Cu, Bi, S).
A geophysical fingerprinting exercise was completed by Invert Geophysics which has been applied over the expanded survey to locate additional Moss style signatures. This work also led to the development of a new 2D geological and structural model emphasizing the importance of late sinistral NNE-striking strike-slip faults.
A 1,500-metre scout drilling program has been planned, targeting the non-winter accessible “Bunker” target to determine characteristics of the bedrock source of geophysical and geochemical anomalism.
The IP pole-dipole and gradient array data was collected and compiled by Abitibi Geophysics over the February to May 2025 period and processed by Invert Geophysics over the summer. In combination with data from a 2021 airborne magnetic survey, this modelling resulted in the creation of a 3D resistivity-chargeability-magnetic model based on modelled inversions, which was then cross-referenced with Gold X2’s drill assay dataset from the Moss Gold Deposit.
Gold mineralization at Moss corresponds with a trend line of signatures that occur in chargeability-resistivity space from 10 mV/V and 1,000 Wm to 20 mV/V and 100,000 Wm, respectively.
This geophysical “fingerprint” was highlighted across the survey area as prospective geophysical targets for Moss-style mineralization. This approach was successfully tested against the Moss Nose target area, where surface gold mineralization is hosted in a similar stratigraphic environment to the Moss Gold Deposit. Based on this successful correlation, additional “Moss fingerprinted” areas identified in the survey have been integrated into the targeting strategy.
The survey results have highlighted two late fault structures along the east and west of the Moss Gold Deposit, believed to be sinistrally offsetting mineralization approximately 1 km. The location of these structures suggest mineralization trends extend further along strike but not in the direct extensions targeted by historical exploration.
In addition to successfully replicating known target areas, such as Moss Nose, Span and the Tamavack and “main” Deaty prospects recognized by previous explorers, the survey identified numerous additional prospects along the Deaty Trend, including Bunker, Confluence and Cedric. The Bunker target was further explored with the top of bedrock drilling campaign, while the Confluence and Cedric targets are defined by their geophysical signatures similar to the Moss Deposit. Both the Confluence and Cedric targets have yet to be geochemically sampled and have only been tested by top of bedrock drilling along their peripheries.
Moss Main, Southwest and QES zones are well defined because of the large amount of drill data available for analysis. Targets to the north, such as Superion are also clear as localized NE-striking gold anomalies. Gold anomalism extends to the northwest through Span and southwest through Moss Nose where sinistral offsets across the Till Valley and Span Faults are clear.
Anomalies in the Deaty Trend are not as well defined as the Moss Gold Deposit because of a more restricted top of bedrock drill dataset but clearly show strong anomalism in several targets within the Trend. Priority targets include the 1.6-km-long Bunker anomaly, 1.4-km-long Cedric prospect and 1.8-km-long Deaty target. The latter has had some historical drilling on the periphery that showed that the system is gold bearing.
When combined with the geophysical fingerprints, targets along the Deaty Trend expand into areas largely inaccessible to the top of bedrock drilling, as seen in the Cedric and Confluence targets which merge into a single 3.5-km-long anomaly. Top of bedrock drilling and relogging of historical drilling have noted that the Deaty mineralization is different to the Moss Gold deposit and is instead hosted within an epidote-hematite altered porphyritic andesite, explaining its different geophysical signature. Together, geophysical and geochemical anomalies in the Deaty Trend have been outlined over a combined 5-km trend of anomalous mineralization.
The company’s current focus is the advanced stage 100% owned Moss Gold Project in Ontario with direct access from the Trans-Canada Highway, hydroelectric power near site, supportive local communities and skilled workforce.
The company has invested over $75 million of new capital and completed approximately 100,000 metres of drilling on the Moss Gold Project, which, in aggregate, has had over 255,000 metres of drilling. The 2024 updated NI 43-101 mineral resource estimate (MRE) has expanded to 1.54 million ounces of Indicated gold resources at 1.23 g/t Au, contained within 38.96 million tonnes and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au, contained within 146.24 million tonnes. The MRE only encompasses 3.6 km of the 35+ km mineralized trend, remains open at depth and along strike.