Gold X2 Mining (TSXV: AUXX), formerly Goldshore Resources, has released the first batch of assay results from a grade control program conducted at their Moss Gold project in Ontario. Results from the first eighteen holes conducted under the program have been released this morning.
Highlights from the results include:
- MMD-25-201: 1.54 g/t gold over 49.85 metres from a depth of 0.7 metres
- And 3.14 g/t gold over 16 metres from a depth of 76.0 metres
- MMD-25-203: 2.18 g/t gold over 50.85 metres from a depth of 1.15 metres
- MMD-25-207: 1.71 g/t gold over 41.0 metres from a depth of 5.0 metres
- MMD-25-209: 1.26 g/t gold over 57.54 metres from a depth of 4.6 metres
- MMD-25-211: 1.55 g/t gold over 322.0 metres from a depth of 7.0 metres
A total of 61 holes were conducted under the shallow drill program, which were designed to test the short-distance behaviour of gold mineralization at the Main Zone. Drilling was conducted on a 12.5 metres by 12.5 metre spaced grid, with the data to be used to determine the spacing needed to upgrade resources from inferred to indicated. Drill core is also expected to be used for sampling for feasibility study-level metallurgical studies.
“We are pleased with the initial results of the first 18 drill holes from the Moss Main grade control program. Notably, gold grades are generally higher than those predicted in our current resource model and we look forward to the potential continuation of this pattern as we receive additional results,” commented Michael Henrichsen, CEO of Gold X2.
Gold X2 Mining last traded at $0.405 on the TSX Venture.
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