Gold X2 Files Technical Report for the Huronian Gold Project
Gold X2 (OTCQB: GSHRF) filed a NI 43-101 Technical Report effective September 12, 2025 for the high-grade Huronian Gold Project, a past-producing property adjacent to Gold X2's Moss Gold Project in northwestern Ontario.
The Huronian Project comprises 293 contiguous mineral claims (4,777.0 ha), four mining patents (404.3 ha), and includes two central patents granted in 1858 around the historic Ardeen Mine. Kesselrun obtained an early exploration permit on August 13, 2025 effective for three years. The report was filed on SEDAR+.
The Technical Report and permit support Gold X2's proposed acquisition of Kesselrun; completion remains subject to Kesselrun shareholder approval, final court approval, TSX Venture acceptance, and customary closing conditions.
Gold X2 (OTCQB: GSHRF) ha presentato un Rapporto Tecnico NI 43-101 efficace dal 12 settembre 2025 per il progetto aurifero ad alto tenore Huronian, una proprietà produttiva del passato adiacente al Moss Gold Project di Gold X2 nel nord-ovest dell'Ontario.
Il Progetto Huronian comprende 293 appezzamenti minerari contigui (4.777,0 ha), quattro brevetti minerari (404,3 ha), e include due brevetti centrali concessi nel 1858 intorno alla storica Miniera Ardeen. Kesselrun ha ottenuto un permesso di esplorazione precoce il 13 agosto 2025 valido per tre anni. Il rapporto è stato depositato su SEDAR+.
Il Rapporto Tecnico e il supporto al permesso sostengono l'acquisizione proposta da Gold X2 di Kesselrun; il completamento resta soggetto all'approvazione degli azionisti di Kesselrun, all'approvazione finale del tribunale, all'accettazione da parte della TSX Venture e alle consuete condizioni di chiusura.
Gold X2 (OTCQB: GSHRF) presentó un Informe técnico NI 43-101 vigente a partir del 12 de septiembre de 2025 para el Proyecto de Oro Huroniano de alto grado, una propiedad productiva en el pasado adyacente al Moss Gold Project de Gold X2 en el noroeste de Ontario.
El Proyecto Huronian comprende 293 solares mineros contiguos (4.777,0 ha), cuatro patentes mineras (404,3 ha), e incluye dos patentes centrales concedidas en 1858 alrededor de la histórica Mina Ardeen. Kesselrun obtuvo un permiso de exploración anticipado el 13 de agosto de 2025 válido por tres años. El informe fue presentado en SEDAR+.
El Informe Técnico y el apoyo al permiso respaldan la propuesta de adquisición de Kesselrun por parte de Gold X2; la finalización está sujeta a la aprobación de los accionistas de Kesselrun, la aprobación final del tribunal, la aceptación de TSX Venture y las condiciones de cierre habituales.
Gold X2 (OTCQB: GSHRF)은 2025년 9월 12일에 유효한 NI 43-101 기술 보고서를 발표했습니다. 고급 골드 프로젝트인 휴로니아 골드 프로젝트(Huronian Gold Project)는 온타리오주 북서부에 위치한 Gold X2의 Moss Gold Project에 인접한 과거 생산 자산입니다.
휴로니안 프로젝트는 293개의 연속 광권(4,777.0 ha), 네 가지 채굴 특허(404.3 ha)를 포함하며, 역사적 아르딘 광산 주변에 1858년에 부여된 두 개의 중앙 특허를 포함합니다. Kesselrun은 2025년 8월 13일에 세 년간 유효한 조기 탐사 허가를 받았습니다. 보고서는 SEDAR+에 등재되었습니다.
기술 보고서와 허가 지원은 Gold X2의 Kesselrun 인수를 뒷받침합니다; 거래의 마무리는 Kesselrun 주주 승인, 법원의 최종 승인, TSX Venture의 수락 및 관례적 종결 조건에 따라 달라집니다.
Gold X2 (OTCQB: GSHRF) a déposé un Rapport Technique NI 43-101 en vigueur à partir du 12 septembre 2025 pour le projet aurifère à haute teneur Huronian, une propriété productive passée située à côté du projet Moss Gold de Gold X2 dans le nord-ouest de l’Ontario.
Le projet Huronian comprend 293 revendications minières contiguës (4 777,0 ha), quatre brevets miniers (404,3 ha), et inclut deux brevets centraux accordés en 1858 autour de l’ancienne mine Ardeen. Kesselrun a obtenu un permis d’exploration précoce le 13 août 2025 valable pour trois ans. Le rapport a été déposé sur SEDAR+.
Le Rapport Technique et le soutien au permis soutiennent l’acquisition proposée par Gold X2 de Kesselrun; l’achèvement reste soumis à l’approbation des actionnaires de Kesselrun, à l’approbation finale de la cour, à l’acceptation par TSX Venture et aux conditions de clôture habituelles.
Gold X2 (OTCQB: GSHRF) hat einen NI 43-101 Technischen Bericht mit Wirkung ab dem 12. September 2025 für das hochgradige Huronian-Goldprojekt eingereicht, eine früher produzierende Immobilie, die an das Moss Gold Project von Gold X2 im nordwestlichen Ontario grenzt.
Das Huronian-Projekt umfasst 293 zusammenhängende Bergbau-Landansprüche (4.777,0 ha), vier Bergbauberechtigungen (404,3 ha) und schließt zwei zentrale Patente ein, die 1848 um das historische Ardeen-Minengebiet erteilt wurden. Kesselrun erhielt am 13. August 2025 eine Frühgenehmigung für Exploration, gültig für drei Jahre. Der Bericht wurde bei SEDAR+ eingereicht.
Der Technische Bericht und die Genehmigungsunterstützung untermauern die von Gold X2 vorgeschlagene Übernahme von Kesselrun; der Abschluss hängt von der Zustimmung der Kesselrun-Aktionäre, der endgültigen gerichtlichen Genehmigung, der Annahme durch TSX Venture und üblichen Abschlussbedingungen ab.
Gold X2 (OTCQB: GSHRF) قدم تقريرًا تقنيًا NI 43-101 ساري المفعول اعتبارًا من 12 سبتمبر 2025 لمشروع هورونيان للذهب عالي الدرجة، وهو ملكية منتجة سابقة مجاورة لـ Moss Gold Project التابع لـ Gold X2 في شمال غرب أونتاريو.
يشمل مشروع هورونيان 293 مطالبة矿ية متجاورة (4,777.0 هكتار)، وأربعة براءات منجم (404.3 هكتار)، ويتضمن براءتين مركزيين منحتا في 1858 حول منجم آردين التاريخي. حصلت كيسيلران على إذن استكشاف مبكر في 13 أغسطس 2025 صالح لمدة ثلاث سنوات. تم تقديم التقرير على SEDAR+.
يدعم التقرير الفني و دعم الإذن استحواذ Gold X2 المقترح على Kesselrun؛ يظل الاكتمال خاضعًا لموافقة مساهمي Kesselrun، والموافقة القضائية النهائية، وقبول TSX Venture، وشروط الإغلاق المعتادة.
Gold X2 (OTCQB: GSHRF) 已提交自 2025年9月12日起生效的 NI 43-101 技术报告，针对高品位的 Huronian 金矿项目，该地产为 Gold X2 的 Moss Gold 项目在安大略省西北部的历史性生产资产。
Huronian 项目包含 293 处相邻的矿权（4,777.0 公顷）、四项矿业专利（404.3 公顷），并包括围绕历史 Ardeen 矿的两项在 1858 年授予的中心专利。Kesselrun 于 2025年8月13日 获得为期三年的早期勘探许可。该报告已在 SEDAR+ 登记。
技术报告及许可支持 Gold X2 对 Kesselrun 的拟议收购；完成仍取决于 Kesselrun 股东批准、法院最终批准、TSX Venture 的接受，以及常规过户条件。
- 293 mineral claims covering 4,777.0 ha
- 4 mining patents totaling 404.3 ha including 1858 patents
- Early exploration permit effective Aug 13, 2025 for 3 years
- NI 43-101 Technical Report effective Sep 12, 2025 filed on SEDAR+
- Transaction completion subject to shareholder, court, and TSXV approvals
- Acquisition not completed; transfer of Huronian depends on closing conditions
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2025) - Gold X2 Mining Inc. (TSXV: AUXX) (OTCQB: GSHRF) (FSE: 8X00) ("Gold X2" or the "Company") is pleased to announce that, in connection with its previously announced proposed acquisition (the "Transaction") of Kesselrun Resources Ltd. (TSXV: KES) (OTCQB: KSSRF) ("Kesselrun"), the Company has filed a technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (the "Technical Report") on the high-grade Huronian Gold Project, a past-producing mine strategically located adjacent to Gold X2's flagship Moss Gold Project in northwestern Ontario.
The Huronian Gold Project is currently owned by Kesselrun and, together with Kesselrun's Bluffpoint Gold Project, will be transferred to Gold X2 upon completion of the Transaction. The Technical Report, titled "Technical Report, Geological Introduction to Gold X2 Mining Inc.'s Huronian Gold Project, Northwestern Ontario, Canada" and effective as of September 12, 2025, has been filed on SEDAR+ under the Company's profile at www.sedarplus.ca.
Huronian Gold Project
The Huronian Gold Project is in the Thunder Bay Mining District in northwestern Ontario, approximately 105 km west of the City of Thunder Bay, and is directly west, and adjacent, to Gold X2's Moss Gold Project. The Huronian Gold Project is defined by 293 contiguous mineral claims (4,777.0 ha) and four mining patents (404.3 ha). The mineral claim types include both single cell and boundary cell claims. Most of the claims (279 claims or
Kesselrun obtained an early exploration permit for the Huronian Gold Project on August 13, 2025, covering Moss Township and surrounding areas. The permit is on the Winnipeg River watershed and is effective for a period of three years. As exploration activities progress, Gold X2 will apply for additional permits (e.g., a permit to take water and road maintenance permit) for the Huronian Gold Project as required - and in association with the host Indigenous communities.
The Technical Report was prepared by Michael B. Dufresne, M.Sc., P.Geo., and D. Roy Eccles, M.Sc., P.Geol., P.Geo., both independent Qualified Persons as defined by NI 43-101. Information of a scientific or technical nature in respect of the Huronian Gold Project in this News Release is derived from the Technical Report.
Michael Henrichsen, President and CEO of Gold X2, commented: "The filing of the Huronian Technical Report marks another important step in advancing the proposed acquisition of Kesselrun. The Huronian Gold Project is a highly prospective, past-producing asset that complements our flagship Moss Gold Project both geologically and operationally. Collectively, the Moss and Huronian projects will significantly strengthen our land position and exploration potential across the Shebandowan Greenstone Belt."
Transaction Update
Kesselrun has also obtained an interim order from the Supreme Court of British Columbia authorizing the holding of its special meeting of shareholders to approve the Transaction. Further details on the Transaction and a summary of the Technical Report are included in Kesselrun's management information circular dated October 21, 2025, which has been mailed to Kesselrun shareholders and filed on SEDAR+ under its profile at www.sedarplus.ca.
Completion of the Transaction remains subject to Kesselrun shareholder approval, final court approval, TSX Venture acceptance, and other customary closing conditions.
About Kesselrun Resources
Kesselrun Resources is a Thunder Bay, Ontario-based mineral exploration company focused on growth through property acquisitions and discoveries. Kesselrun's management team possesses strong geological and exploration expertise in Northwest Ontario. For more information about Kesselrun Resources, please visit www.kesselrunresources.com.
Kesselrun Resources holds a
About Gold X2
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
For More Information - Please Contact:
Michael Henrichsen
President, Chief Executive Officer and Director
Gold X2 Mining Inc.
E: mhenrichsen@goldx2.com
W: www.goldx2.com
T: 1-604-404-4335
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements
In this news release, forward-looking statements relate to, among other things, statements regarding: the Transaction; the receipt of necessary shareholder, final court and regulatory approvals for the Transaction; the anticipated benefits of the Transaction including, but not limited to Gold X2 having a
In respect of the forward-looking statements concerning the Transaction, including the anticipated timing for completion of the Transaction including, but not limited to the expectation of Gold X2 having a
Risks and uncertainties that may cause such differences include but are not limited to: the risk that the Transaction may not be completed on a timely basis, if at all; the conditions to the consummation of the Transaction may not be satisfied; the risk that the Transaction may involve unexpected costs, liabilities or delays; the possibility that legal proceedings may be instituted against the Gold X2, Kesselrun and/or others relating to the Transaction and the outcome of such proceedings; the possible occurrence of an event, change or other circumstance that could result in termination of the Transaction; risks that the Huronian Gold Project may not significantly strengthen Gold X2's land position and exploration potential; the Huronian and Bluffpoint Gold Projects are located in areas subject to asserted or potential Indigenous rights and title claims, which could result in delays, increased costs, or restrictions on exploration and development activities; risks relating to the failure to obtain necessary shareholder and court approval for the Transaction; other risk factors as detailed from time to time and additional risks identified in Gold X2's and Kesselrun's filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca). Failure to obtain the requisite approvals, or the failure of the parties to otherwise satisfy the conditions to or complete the Transaction, may result in the Transaction not being completed on the proposed terms, or at all. In addition, if the Transaction is not completed, the announcement of the Transaction and the dedication of substantial resources of Gold X2 to the completion of the Transaction could have a material adverse impact on each of Gold X2's share price, its current business relationships and on the current and future operations, financial condition, and prospects of Gold X2.
Gold X2 expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271754
FAQ
What did Gold X2 (GSHRF) file on September 12, 2025 for the Huronian Gold Project?
How large is the Huronian Gold Project that will transfer to Gold X2 if the Kesselrun deal closes?
What permits does the Huronian Gold Project currently hold as of October 2025?
What approvals are required for Gold X2 to complete the acquisition of Kesselrun?
Where can investors find the Technical Report for Gold X2's Huronian Gold Project?
How does the Huronian Project relate to Gold X2's Moss Gold Project (GSHRF)?
