Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Drill Results Routine +

Gold X2 Intersects 86.0m of 1.37 g/t Au from 314.0m at QES During Infill Drilling at the Moss Gold Project

Gold X2 Mining Advances Moss Project Infill Drilling, Reinforcing Resource Growth Trajectory Amid Strategic Backing

By The Northwire Desk — AI Analysis Jun 02, 2026 · 07:01 AUXX · 1.44 Gold X2 Mining Inc.
Executive Summary
  • Gold X2 Mining released infill drilling results from the QES Zone at its Moss Gold Project on June 2, 2026.
  • Eighteen drill holes (14 new collars, 4 extensions) targeted the QES Zone to upgrade Inferred resources to Indicated within the Reasonable Prospects for Eventual Economic Extraction (RPEEE) pit shell.
  • Global results demonstrate a 67% increase in zone width but a 19% decrease in average grade compared to the current Mineral Resource Estimate (MRE).
  • The wider zones reflect the discovery of previously unmodelled secondary shear zones, converting modeled waste into mineralized material.
  • The program also identified the emerging Superion Zone at shallow depths north of the QES Zone, with high-grade intercepts suggesting further resource expansion and potential for a reduced strip ratio.
  • QA/QC procedures remain robust, with core validation, televiewer structural data, and independent monitoring by Orix Geoscience Inc.
Material Impact
  • The results are consistent with the company's ongoing, fully funded 160,000-meter infill and resource expansion program.
  • Positive reconciliation (wider zones, slightly lower grade) is expected and aligns with previous months' drill results, which have consistently shown similar trends.
  • The news does not introduce new economic parameters or surprise elements; it incrementally supports the existing Preliminary Economic Assessment (PEA) and Feasibility Study timeline.
  • The identification of the Superion Zone at shallow depths is a positive operational development that could improve mine planning and economics, but it is a known target that has been drilled in previous batches.
  • Overall, the news is routine and positive, serving as a validation of the geological model and resource upgrade strategy rather than a market-moving catalyst.
AUXX · Price
Company Overview
  • Gold X2 Mining Inc. is a Canadian exploration and development company focused on the Moss Gold Project in Northwest Ontario.
  • The flagship Moss Gold Deposit features the QES Zone and the emerging Superion Zone, characterized by high-grade, wide shear corridors.
  • A Preliminary Economic Assessment (PEA) released in January 2026 indicates a base-case after-tax NPV5% of $2.232 billion, an IRR of 22.1%, and an AISC of $1,188/oz at a gold price of $2,750/oz.
  • The company has expanded its land package to over 40,000 hectares in the Shebandowan Greenstone Belt through acquisitions (Kesselrun Resources) and option agreements (Star Lake Project).
  • Over $150 million has been invested to date, with approximately 300,000 meters of drilling completed across the project.
Read the original news release →

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Production / Operations