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Goldshore Announces Name Change to Gold X2 Mining, Appointment of Tom Obradovich to the Board of Directors, Corporate Update and Management Transition
Newsfileยท2025-09-02 16:37

Company Update - Goldshore Resources Inc. has officially changed its name to Gold X2 Mining Inc., with the new ticker symbol "[AUXX]" set to commence trading on the TSX Venture Exchange on September 4, 2025 [2][3] - Tom Obradovich has been appointed to the Board of Directors, bringing over 42 years of experience in mining exploration, development, and financing [4][5] - The company has completed the repurchase of a 1% NSR from Wesdome Gold Mines, enhancing the long-term economics of the Moss Gold Project [12] Project Development - Gold X2 Mining is focused on advancing the Moss Gold Project, aiming to build a top-10 producing gold mine in Canada through holistic de-risking strategies [6][10] - A Preliminary Economic Assessment (PEA) and an updated Mineral Resource Estimate (MRE) are scheduled for release in Q4 2025, incorporating over 21,000 meters of new drilling data [6][10] - The current MRE for the Moss Gold Project includes 1.54 million ounces of Indicated gold resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au [14] Financial and Operational Strategy - The company is well-funded to execute its corporate objectives through Q1 2026, supporting a 50,000-meter drill program [6][10] - Juciane Gomes Goncalves will assume the role of Interim Chief Financial Officer following the departure of Erica Borgstrom, ensuring continuity in financial strategy [9] - The company is targeting a potential listing on a major U.S. exchange in the second half of 2026 [12]