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Gold X2 Mining Inc. Reports Assay Results from Moss Gold Project Infill and Resource Expansion Drilling Program
Gold X2 Mining Inc. has announced the most recent assays from its ongoing infill and resource expansion drilling program targeting the Main Zone at the Moss Gold Project in Northwest Ontario, Canada. Six holes were drilled on the southern edge of the Main Zone during the winter ice drilling campaign on the 2-meter-deep Snodgrass Lake, infilling shallow marginal shears previously only tested by historical drilling. The holes intersected multiple wide shears within the current Reasonable Prospects for Eventual Economic Extraction pit that are significantly wider than those modelled in the current Mineral Resource Estimate. They also intersected several narrow high-grade primary shears. Select intercepts include: MMD-26-371: 40.0m of 0.60 g/t Au from 466.0m; MMD-26-375: 3.55m of 7.43 g/t Au from 199.45m, including 2.0m of 12.9 g/t Au from 201.0m; MMD-26-379: 57.95m of 0.86 g/t Au from 182.0m, including 17.1m of 1.85 g/t Au from 189.9m; MMD-26-381: 32.8m of 1.22 g/t Au from 166.2m, including 3.5m of 6.83 g/t Au from 171.5m; and 23.0m of 0.97 g/t Au from 220.0m, including 13.0m of 1.43 g/t Au from 230.0m; and 21.0m of 1.12 g/t Au from 263.0m, including 15.0m of 1.44 g/t Au from 269.0m; MMD-26-384: 14.0m of 1.75 g/t Au from 111.0m, including 3.0m of 6.94 g/t Au from 115.0m; and 2.0m of 15.3 g/t Au from 189.0m. The six holes encountered a similar geological sequence, collaring through 40-50m of overburden into sheared, sericite-silica-hematite altered granodiorite bedrock. Each hole transitioned into the expected sericite-chlorite and chlorite-epidote altered diorite, including a 20-30m massive porphyritic diorite unit. The four most southern holes reached the southern intermediate volcanic package at the end of the hole while the two more northern holes were terminated within the mineralized diorites due to depth limitations of drilling on ice pads. The massive and weakly mineralized porphyritic diorite was notably much narrower near surface than the 80-100m wide unit intersected at depth contributing to wider intersections of the more sheared diorites. The six holes drilled a volume dominantly modelled using historical BQ diameter core samples, which provide a relatively small sample, contributing to the categorization of this volume as Inferred or Potential and excluded from the Mineral Resource Estimate. In total the six holes intersected mineralised widths that are 72% wider than modelled. Because of the addition of secondary shears, the grade is slightly lower at -12% but still much improved as this volume is dominated by waste in the Mineral Resource Estimate. Overall, the results will likely allow for a significant expansion of the Mineral Resource Estimate and lead to additional exploration in this area. Hole MMD-26-381: Moderately to strongly sheared diorite alternating from sericite-silica-hematite to sericite-silica-chlorite altered yielding the intercept of 32.8m of 1.22 g/t Au from 166.2m, including 3.5m of 6.83 g/t Au from 170.5m. Significant intercepts include: MMD-26-368: 62.00-64.00m, 2.00m, 0.52 g/t Au; 84.00-108.00m, 24.00m, 0.59 g/t Au; 119.00-158.00m, 39.00m, 0.51 g/t Au; 147.00-153.00m, 6.00m, 1.27 g/t Au; 169.00-173.00m, 4.00m, 0.36 g/t Au; 188.80-202.00m, 13.20m, 0.39 g/t Au; 210.00-230.00m, 20.00m, 0.47 g/t Au; 216.00-218.00m, 2.00m, 1.12 g/t Au; 250.00-257.00m, 7.00m, 0.45 g/t Au. MMD-26-371: 133.00-153.00m, 20.00m, 0.38 g/t Au; 161.00-201.00m, 40.00m, 0.60 g/t Au; 176.00-181.00m, 5.00m, 1.72 g/t Au; 199.00-201.00m, 2.00m, 3.02 g/t Au; 208.00-214.00m, 6.00m, 0.71 g/t Au; 226.00-234.00m, 8.00m, 1.60 g/t Au; 226.00-233.00m, 7.00m, 1.76 g/t Au. MMD-26-375: 80.00-82.00m, 2.00m, 0.57 g/t Au; 99.00-102.70m, 3.70m, 0.80 g/t Au; 158.00-174.00m, 16.00m, 0.93 g/t Au; 158.00-166.00m, 8.00m, 1.32 g/t Au; 199.45-203.00m, 3.55m, 7.43 g/t Au; 201.00-203.00m, 2.00m, 12.9 g/t Au; 227.00-234.00m, 7.00m, 0.37 g/t Au; 244.00-251.00m, 7.00m, 0.60 g/t Au; 263.00-265.30m, 2.30m, 1.35 g/t Au. MMD-26-379: 50.00-57.00m, 7.00m, 0.57 g/t Au; 65.00-73.00m, 8.00m, 0.36 g/t Au; 80.00-116.00m, 36.00m, 0.36 g/t Au; 131.00-139.00m, 8.00m, 0.30 g/t Au; 154.00-167.00m, 13.00m, 0.45 g/t Au; 182.00-239.95m, 57.95m, 0.86 g/t Au; 189.90-207.00m, 17.10m, 1.85 g/t Au; 245.75-257.95m, 12.20m, 0.80 g/t Au; 245.75-250.50m, 4.75m, 1.52 g/t Au. MMD-26-381: 43.55-59.00m, 15.45m, 0.64 g/t Au; 48.00-51.00m, 3.00m, 1.23 g/t Au; 72.00-86.00m, 14.00m, 0.45 g/t Au; 92.00-95.00m, 3.00m, 0.40 g/t Au; 125.00-129.00m, 4.00m, 0.57 g/t Au; 150.45-159.70m, 9.25m, 0.57 g/t Au; 166.20-199.00m, 32.80m, 1.22 g/t Au; 171.50-175.00m, 3.50m, 6.83 g/t Au; 186.00-189.00m, 3.00m, 1.04 g/t Au; 205.25-210.35m, 5.10m, 0.40 g/t Au; 220.00-243.00m, 23.00m, 0.97 g/t Au; 230.00-243.00m, 13.00m, 1.43 g/t Au; 263.00-284.00m, 21.00m, 1.12 g/t Au; 269.00-284.00m, 15.00m, 1.44 g/t Au; 297.00-303.20m, 6.20m, 1.33 g/t Au; 301.00-303.20m, 2.20m, 3.17 g/t Au. MMD-26-384: 72.00-78.00m, 6.00m, 0.33 g/t Au; 95.05-99.10m, 4.05m, 0.50 g/t Au; 111.00-125.00m, 14.00m, 1.75 g/t Au; 115.00-118.00m, 3.00m, 6.94 g/t Au; 141.00-144.00m, 3.00m, 0.44 g/t Au; 151.00-159.75m, 8.75m, 0.67 g/t Au; 166.00-177.00m, 11.00m, 0.51 g/t Au; 189.00-191.00m, 2.00m, 15.3 g/t Au; 208.00-222.80m, 14.80m, 0.82 g/t Au; 215.00-222.00m, 7.00m, 1.28 g/t Au; 272.00-274.00m, 2.00m, 0.47 g/t Au. Intersections calculated above a 0.3 g/t Au cut off with a top cut of 30 g/t Au and a maximum internal waste interval of 5 meters. Shaded intervals are intersections calculated above a 1.0 g/t Au cut off. Intervals in bold are those with a grade thickness factor exceeding 20 gram x meters /tonne gold. True widths are approximate and assume a subvertical body.