Northwire Canada EditionSunday, November 8, 2026
Northwire
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

High-Grade Gold Just Became the Scarcest Bet in Mining

Deep‑drill results echo prior wins; market awaits fresh catalysts to justify the current rally.

Executive Summary
  • The April 7, 2026 article highlights Gold X2’s deep‑drill hole MQD‑25‑326 intersecting 117 m @ 1.21 g/t Au with a subinterval of 10 m @ 4.37 g/t Au in the QES Zone, ~280 m below the current pit shell.
  • It also notes a near‑surface Superion zone intercept of 23 m @ 1.01 g/t Au outside the existing resource estimate.
  • These figures repeat the disclosure made on March 3, 2026 (initial drilling results) and therefore provide no new incremental data.
Material Impact

The deep‑drill result was already announced as a material positive development on March 3. The April 7 release merely reiterates that information in a broader market commentary; it does not alter expectations for resource size, economics, or financing needs. Consequently the news carries only routine/neutral impact and warrants a Routine - Neutral rating.

AUXX · Price
Company Overview

Gold X2 Mining Inc. (TSXV:AUXX) is a gold‑focused exploration and development company advancing its 100 % owned Moss Gold Project in Northwestern Ontario. The project hosts an open‑pit and underground operation with the following resource base (per investor presentation):
- Indicated: 1.535 Moz Au @ 1.23 g/t (38.96 Mt)
- Inferred: 5.198 Moz Au @ 1.11 g/t (146.24 Mt)
Additional indicated resources include the East Coldstream open‑pit zone and inferred underground mineralization at higher grades.

Read the original news release →

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