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Gold X2 Announces Positive Reconciliation in Main Zone Grade Control Drilling with Intercepts Including 49.0m of 2.13 g/t Au
TMX Newsfile· 2026-01-30 12:00
Core Insights - Gold X2 Mining Inc. has announced the final batch of assay results from its grade control drill program at the Moss Gold Project, indicating strong continuity of high-grade gold mineralization [1][5][22] Group 1: Assay Results - The final eleven drill holes have shown significant intercepts, including 73.8 meters of 1.30 g/t Au and 61.25 meters of 1.53 g/t Au, reinforcing confidence in the high-grade shear corridors [5][17][18] - The overall results from the 61-hole program indicate that the actual intercept lengths are 23% larger than predicted by the current resource model, although the average grade is 8% lower [14][22] Group 2: Drilling Strategy and Resource Model - The company has implemented close-spaced drilling to enhance the understanding of gold distribution and to derisk the resource model, which has led to the identification of additional secondary shear zones [2][10] - The geological model confirms that mineralization occurs preferentially within diorite-granodiorite intrusions, with shear intensity correlating positively with gold grades [12][13] Group 3: Future Plans and Economic Implications - An upcoming infill drill program is expected to further grow the resource and improve the project's economics, with a focus on optimizing the mining block size and fleet selection [2][11] - The updated mineral resource estimate for the Moss Gold Project includes 2.458 million ounces of Indicated gold resources at 1.04 g/t Au and 4.209 million ounces of Inferred gold resources at 0.97 g/t Au [30]