Gold X2 Announces New Superion Shear with Intercept of 9.0m of 3.13 g/t Au Including 3.95m of 6.94 g/t Au
Gold X2 Announces New Superion Shear with Intercept of 9.0m of 3.13 g/t Au
Including 3.95m of 6.94 g/t Au
VANCOUVER, B.C., April, 06, 2026: Gold X2 Mining Inc. (TSXV: AUXX / OTCQB: GSHRF /
FWB: DF8) (“Gold X2” or the “Company”) is pleased to announce the final assay results from
its 2025 drilling campaign with four holes targeting the marginal shears north of the QES Zone
and five holes targeting the eastern extension of the QES Zone at the Moss Gold Project in
Northwest Ontario, Canada (the “Moss Gold Project”).
Michael Henrichsen, CEO of Gold X2 commented, "We are encouraged by the continued growth
of high-grade mineralization at the Superion Zone, with drilling identifying additional mineralized
shears along the northern edge of the deposit. Equally important, the intersection of mineralized
shears within the QES Zone, in an area of the RPEEE pit previously modelled as waste in the
PEA, underscores the project’s meaningful upside potential and the opportunity to enhance
economics through lower strip ratios.”
Highlights
• Four dr
illholes were drilled targeting additional Superion-style, high-grade marginal shears
300-500 m eters west of the Superion Zone. Drilling intersected a new Superion-style
shear with an intercept of:
o 9.0m of 3.13 g/t Au from 180.0 m in MQD-25-327, including
3.95 m of 6.94 g/t Au from 185.05m
• Dr
illing along the eastern edge of the QES Zone has discovered new shallow mineralized
shear zones south of the QES Zone within the current conceptual RPEEE pit shell. The
shear zones are currently modelled as waste and represent additional opportunities to
lower the stripping ratio in a mining scenario. Notable intercepts include:
o 42.0m
of 0.47 g/t Au from 56.0m in MQD-25-274
o 16.7m
of 1.04 g/t Au from 53.0m in MQD-25-287, and
o 7.0m of 1.23 g/t Au from 77.0m, and
o 24.0m of 0.56 g/t Au from 202.0m
• Dr
illing in the east also identified an NNE-striking fault zone that suggests that the Span
prospect is the sinistral offset and continuation of the QES Zone.
Technical Overview
Figure 1 shows the location map of the drill holes reported in this release while Figure 2 further
illustrates the NNE-striking Sloane Fault identified in Eastern Drilling. Figure 3 provides a cross-
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section through drill holes MQD-25-327 showing the high-grade marginal shear that extends from
Superion. The results are summarized in Tables 1 to 2, which include significant intercepts (Table
1) and drill hole locations (Table 2).
Figure 1: Illustrates the new Superion-style marginal shear discovered west of S uperion. Drill holes being reported
are highlighted in gold.
Figure 2: Illustrates the NNE-striking Sloane Fault identified in Eastern Drilling.
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Figure 3: Shows a type section of the new Superion-style marginal shear discovered west of Superion.
Drilling activities were resumed north of QES as winter conditions returned at the end of 2025.
Four drill holes – MQD-25-318, -322, -327 and -328 – were drilled west of the Superion discovery
to explore for additional high-grade marginal shears like those discovered at Superion.
Drilling encountered a northern wedge of dacitic volcanics containing 5-10m scale porphyritic
diorite dykes before intersecting broad the epidote-chlorite altered diorite complex. MQD-25-327
intersected a Superion-style shear zone along the contact between the volcanics and a porphyritic
diorite dyke, highlighted by strong silicification and abundant carbonate and quartz-carbonate
veining containing 3-5% pyrite mineralization. The diorite complex was largely undeformed with
a weak foliation developing as drilling approached the QES Zone. These weakly foliated sections
were moderately sericite-chlorite altered with 1-2% pyrite ± chalcopyrite and returned broad zones
of low grade mineralization including 32.3m of 0.52 g/t Au from 329.2m, including 6.2 m of 1.13
g/t Au in MQD-25-322; 18.1m of 0.54 g/t Au from 299.9m in MQD-25-327; and 16.5m of 0.65 g/t
Au from 386.0m in MQD -25-328. These intercepts represent extensions of existing marginal
shears modelled in the current MRE.
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Figure 4: Hole MQD-25-327: Sheared and silicified contact between a porphyritic diorite dyke and dacitic volcanics
yielding an intercept of 9.0m of 3.13 g/t Au from 180.0m, including 3.95m of 6.94 g/t Au.
Five holes – MQD-25-244, -256, -269, -274 and -287 – were drilled to test the potential eastern
extension of the QES Zone, which had previously been defined by low grade intercepts in
historical drilling. These holes confirmed the results of historical drillholes but also discovered a
3- to 5-meter-wide NNE-striking fault zone, the Sloane Fault, that appears represent an 1,800m
meter sinistral offset of the Moss Deposit. This indicates that the Span Prospect could be the
probable offset extension of the QES Zone.
Notwithstanding the faulted offset of the QES Zone, these drillholes discovered additional near
surface marginal shears south of the QES Zone with intercepts ranging from 5 to 40m wide. These
shears lie within the current resource RPEEE pit shell in areas currently modelled as waste,
representing further opportunity to reduce the strip ratio in a mining scenario.
Table 1: Significant intercepts
HOLE ID FROM TO LENGTH (m) TRUE WIDTH
(m)
CUT GRADE
(g/t Au)
UNCUT GRADE
(g/t Au)
MQD-25-256 92.00 99.15 7.15 5.0 0.47 0.47
MQD-25-256 117.00 119.00 2.00 1.4 0.80 0.80
MQD-25-256 142.00 153.00 11.00 7.7 0.50 0.50
MQD-25-256 162.00 164.00 2.00 1.4 0.89 0.89
MQD-25-256 270.00 281.00 11.00 7.8 0.30 0.30
MQD-25-256 319.00 322.00 3.00 2.2 0.45 0.45
MQD-25-256 364.00 370.00 6.00 4.3 0.67 0.67
MQD-25-264 131.00 138.00 7.00 5.0 0.43 0.43
5
MQD-25-264 163.00 173.40 10.40 7.5 0.57 0.57
MQD-25-264 249.20 255.15 5.95 4.4 0.39 0.39
MQD-25-264 270.00 280.00 10.00 7.4 0.34 0.34
MQD-25-264 290.90 293.00 2.10 1.6 0.38 0.38
MQD-25-264 338.00 341.00 3.00 2.2 0.35 0.35
MQD-25-269 42.00 45.00 3.00 2.1 0.39 0.39
MQD-25-269 143.00 151.00 8.00 5.8 0.39 0.39
MQD-25-269 182.00 187.35 5.35 3.9 0.52 0.52
MQD-25-269 218.00 220.00 2.00 1.5 0.52 0.52
MQD-25-269 261.90 273.00 11.10 8.3 0.36 0.36
MQD-25-269 320.60 324.00 3.40 2.6 1.52 1.52
MQD-25-274 56.00 98.00 42.00 27.5 0.47 0.47
MQD-25-274 159.00 170.05 11.05 7.4 0.43 0.43
MQD-25-274 247.40 250.00 2.60 1.8 0.34 0.34
MQD-25-274 261.00 263.00 2.00 1.4 0.44 0.44
MQD-25-274 275.00 284.00 9.00 6.1 0.76 0.76
MQD-25-274 295.00 298.00 3.00 2.0 0.68 0.68
MQD-25-274 341.00 346.00 5.00 3.4 0.30 0.30
MQD-25-274 349.00 351.00 2.00 1.4 0.33 0.33
MQD-25-274 359.00 362.00 3.00 2.1 0.55 0.55
MQD-25-274 403.00 425.00 22.00 15.3 0.56 0.56
MQD-25-274 439.90 442.95 3.05 2.1 1.08 1.08
MQD-25-274 439.90 442.00 2.10 1.5 1.29 1.29
MQD-25-287 53.00 69.70 16.70 11.0 1.04 1.04
MQD-25-287 55.00 69.70 14.70 9.7 1.11 1.11
MQD-25-287 77.00 84.00 7.00 4.6 1.23 1.23
MQD-25-287 77.00 79.00 2.00 1.3 2.88 2.88
MQD-25-287 95.00 97.00 2.00 1.3 0.46 0.46
MQD-25-287 171.00 181.40 10.40 7.0 0.39 0.39
MQD-25-287 188.55 194.00 5.45 3.7 0.46 0.46
MQD-25-287 202.00 226.00 24.00 16.3 0.56 0.56
MQD-25-287 209.00 213.00 4.00 2.7 1.75 1.75
MQD-25-287 335.00 343.00 8.00 5.6 0.31 0.31
MQD-25-287 432.60 435.20 2.60 1.9 0.90 0.90
MQD-25-287 465.90 484.00 18.10 13.2 0.87 0.87
MQD-25-287 476.00 482.85 6.85 5.0 1.64 1.64
MQD-25-287 490.00 509.85 19.85 14.6 0.34 0.34
MQD-25-287 528.40 538.00 9.60 7.1 0.32 0.32
MQD-25-287 555.00 558.00 3.00 2.2 0.47 0.47
MQD-25-287 563.00 572.00 9.00 6.7 0.44 0.44
MQD-25-287 626.40 639.00 12.60 9.6 0.47 0.47
MQD-25-318 175.00 185.00 10.00 6.9 0.39 0.39
MQD-25-318 217.00 227.50 10.50 7.3 0.31 0.31
MQD-25-322 49.00 54.00 5.00 3.4 0.39 0.39
MQD-25-322 84.00 88.10 4.10 2.8 1.68 1.68
MQD-25-322 120.00 126.00 6.00 4.1 0.35 0.35
6
MQD-25-322 164.00 171.35 7.35 5.0 0.66 0.66
MQD-25-322 168.00 171.35 3.35 2.3 1.17 1.17
MQD-25-322 270.70 274.70 4.00 2.8 0.34 0.34
MQD-25-322 329.20 361.50 32.30 22.7 0.52 0.52
MQD-25-322 339.50 342.00 2.50 1.8 1.43 1.43
MQD-25-322 354.10 360.30 6.20 4.4 1.13 1.13
MQD-25-322 376.00 380.00 4.00 2.8 0.39 0.39
MQD-25-327 180.00 189.00 9.00 6.2 3.13 3.13
MQD-25-327 185.05 189.00 3.95 2.7 6.94 6.94
MQD-25-327 299.90 318.00 18.10 12.8 0.54 0.54
MQD-25-327 309.00 311.00 2.00 1.4 1.44 1.44
MQD-25-327 364.20 372.00 7.80 5.6 0.43 0.43
MQD-25-327 380.00 383.00 3.00 2.2 0.67 0.67
MQD-25-328 52.00 54.00 2.00 1.3 0.31 0.31
MQD-25-328 190.00 199.00 9.00 6.4 0.73 0.73
MQD-25-328 232.00 234.00 2.00 1.4 0.61 0.61
MQD-25-328 297.00 305.00 8.00 5.8 0.42 0.42
MQD-25-328 321.00 323.00 2.00 1.5 0.32 0.32
MQD-25-328 386.00 402.50 16.50 12.3 0.65 0.65
MQD-25-328 455.00 462.00 7.00 5.3 0.50 0.50
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 metres. 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 metres / tonne gold. True widths are approximate and
assume a subvertical body.
Table 2: Drill Collars
HOLE EAST NORTH RL AZIMUTH DIP EOH
MQD-25-256 670,929 5,379,795 429 323.6 -51.4 420.0
MQD-25-264 670,982 5,379,894 429 320.6 -47.1 354.0
MQD-25-269 671,081 5,379,969 430 322.8 -45.0 333.0
MQD-25-274 670,856 5,379,790 429 330.2 -50.8 453.0
MQD-25-287 670,730 5,379,573 429 345.1 -50.0 669.0
MQD-25-318 669,340 5,379,640 430 149.9 -51.1 386.2
MQD-25-322 669,540 5,379,730 429 152.0 -49.1 402.0
MQD-25-327 669,314 5,379,738 430 149.9 -49.5 483.0
MQD-25-328 669,385 5,379,779 429 148.1 -49.0 489.0
Analytical and QA/QC Procedures
The HQ diameter drill core has been oriented using ACTIII or equivalent tools and validated in
the core shack. All core has been sawed in half cut just off the core orientation line (bottom of
hole) with the right half (looking down hole) of the core bagged and sent a third- party analytical
laboratory. The left half of the core was returned to core boxes and is stored at Gold X2’s
Kashabowie core yard facility.
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All samples were sent to ALS Geochemistry in Thunder Bay for preparation and analysis was
performed in the ALS Vancouver analytical facility. ALS is accredited by the Standards Council of
Canada (SCC) for the Accreditation of Mineral Analysis Testing Labor atories and CAN -P-4E
ISO/IEC 17025. Samples were analysed for gold via fire assay with an AA finish (“Au-AA23”) and
48 pathfinder elements via ICP-MS after four-acid digestion (“ME-MS61”). Samples that assayed
over 10 ppm Au were re-run via fire assay with a gravimetric finish (“Au-GRA21”).
In addition to ALS quality assurance / quality control (“ QA/QC”) protocols, Gold X2 has
implemented a quality control program for all samples collected through the drilling program. The
quality control program was designed by a qualified and independent third party, with a focus on
the quality of analytical results for gold. Analytical results are received, imported to our secure on-
line database and evaluated to meet our established guidelines to ensure that all sample batches
pass industry best practice for analytical quality control. Certified reference materials are
considered acceptable if values returned are within three standard deviations of the certified value
reported by the manufacture of the material. In addition to the certified reference material, certified
blank material is included in the sample stream to monitor contamination during sample
preparation. Blank material results are assessed based on the returned gold result being less
than ten times the quoted lower detection limit of the analy tical method. The results of the on -
going analytical quality control program are evaluated and reported to Gold X2 by Orix
Geoscience Inc.
Qualified Person
Peter Flindell, PGeo, MAusIMM , MAIG, Vice -President, Exploration, of the Company, and a
qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects,
has approved the scientific and technical information contained in this news release.
Mr. Flindell has verified the data disclosed. To verify the information related to the winter drill
program at the Moss Gold Project, Mr. Flindell has visited the property several times; discussed
and reviewed logging, sampling, bulk density, core cutting and sample shipping processes with
responsible site staff; discussed and reviewed assay and QA/QC results with responsible
personnel; and reviewed supporting documentation, including drill hole location and orientation
and significant assay interval calculations. He has also overseen the Company’s health and safety
policies in the field to ensure full compliance, and consulted with the Project’s host indigenous
communities on the planning and implementation of the drill program, particularly with respect to
its impact on the environment and the Company’s remediation protocols.
Grant of Stock Options
The Company also wishes to announce that, pursuant to the Company’s omnibus incentive plan,
it granted a total of 150,000 stock options (the “Options”) to an employee of the Company. The
Options are each exercisable to purchase one common share of the Company (a “Common
Share”) at an exercise price of $1.49 for a period of five (5) years.
Service Provider Engagements
The Company also announces that it has engaged the following service providers (the
“Contractors”) to advise and coordinate market making and digital media services on behalf of
the Company.
The Company has engaged ICP Securities Inc. (“ ICP”), a Toronto-based CIRO dealer-member
that specializes in automated market making and liquidity provision, to provide market making
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services commencing April 6, 2026, for an initial term of four months (the “ Initial Term”), which
shall be automatically renewed for subsequent one (1) month terms (each, an “ Additional
Term”). The agreement can be terminated by either party providing at least thirty (30) days written
notice of termination prior to the end of the Initial Term or Additional Term, as applicable. ICP will
be paid a monthly fee of C$7,500, plus applicable taxes, at the commencement of the Initial Term
and each Additional Term, as applicable. ICP is an arm’s length party to the Company, and ICP
has no present interest, directly or indirectly, in the Company or its securities. In connection with
the provision of market making services, ICP will be responsible for the costs it incu rs in buying
and selling the Company's shares, and no third party will be providing funds or securities for the
market making activities.
The Company has engaged Native Ads, Inc. (“Native Ads”), a Vancouver and New York-based
full-service advertising agency, to provide strategic digital media, marketing and data analytic
services (the “ Services”) to the Company commencing April 6, 2026. The Company will make
the total upfront payment of US$250,000 (the “ Retainer”) to Native Ads for Services covering a
term of 24 months, or until the Retainer has been depleted. The agreement may be terminated at
any time upon thirty days’ written notice. Native Ads is an arm’s length party to the Company, and
Native Ads has no present interest, directly or indirectly, in the Company or its securities, or any
right or intent to acquire such an interest.
The engagement of each of the Contractors remains subject to approval by the TSX Venture
Exchange.
About Gold X2 Mining
Gold X2 is a growth -oriented gold company focused on delivering long- term shareholder and
stakeholder value through the acquisition and advancement of primary gold assets in tier -one
jurisdictions. It is led by the ex -global head of structural geology for the world’s largest gold
company and backed by one of Canada’s pre- eminent private equity firms. The Company’s
current focus is the advanced stage 100% owned Moss Gold Project which is positioned in
Ontario, Canada, with direct access from the Trans -Canada Highway, hydroelectric power near
site, supportive local communities and skilled workforce. The Company has invested over $100
million of new capital and completed approximately 100,000 meters of drilling on the Moss Gold
Project, which, in aggregate, has had over 300,000 meters of drilling. The 2026 updated NI 43 -
101 mineral resource estimate (“MRE”) for the Moss and East Coldstream Deposits has expanded
to 2.458 million ounces of Indicated gold resources at 1.04 g/t Au, contained within 73.8 million
tonnes and 4.209 million ounces of Inferred gold resources at 0.97 g/t Au contained within 134.7
million tonnes. The Moss Deposit also has a silver MRE of 3.160 million ounces of indicated silver
resources at 1.53 g/t Ag contained within 64.3 Mt and 6.273 mill ion ounces of inferred silver
resources at 1.55 g/t Ag contained within 125.9 Mt. Results of a preliminary economic assessment
(“PEA”) of the Moss Gold Project suggest the potential for the deposit to support a long-life mining
operation with a strong production profile and low production costs. The MRE and PEA are
supported by a NI 43-101 technical report for the Moss Gold Project available on the Company’s
website and under the Company’s issuer profile on SEDAR+. For more information, please visit
SEDAR+ (www.sedarplus.ca) and the Company’s website (www.goldx2.com).
For More Information – Please Contact:
Michael Henrichsen
President, Chief Executive Officer and Director