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Gold X2 Mining Inc. reports exploration and project-development updates for its 100%-owned Moss Gold Project in northwest Ontario, Canada. Company news centers on gold drilling, assay results, resource expansion and conversion work, and mineralized zones such as QES and Superion within and around the project's RPEEE pit shell.
Recurring updates also cover NI 43-101 technical reporting for the Moss preliminary economic assessment, annual Canadian disclosure documents, surface exploration along mineralized trends, geophysical and geochemical survey work, and management or sustainability appointments tied to advancing the project through permitting, community engagement, and environmental planning.
Kesselrun Resources (TSXV: KES) and Gold X2 Mining (OTCQB: GSHRF; TSXV: AUXX) announced shareholder and court approval of a plan of arrangement dated November 26, 2025.
Under the Arrangement, Gold X2 will acquire all issued and outstanding Kesselrun shares for approximately 0.2152 Gold X2 share plus $0.0213 cash per Kesselrun share; outstanding Kesselrun options convert on the same basis. At the November 21, 2025 meeting, 55,219,208 Kesselrun shares (58.70% of issued shares) were represented and 99.89% of votes cast approved the Arrangement. Kesselrun received a final order from the Supreme Court of British Columbia approving the Arrangement. Completion remains subject to customary closing conditions, including TSXV approval, and Kesselrun shares are expected to be delisted upon closing.
Gold X2 Mining (OTCQB: GSHRF) reported the third batch of grade control drill results from the Moss Main Zone on November 13, 2025, covering 19 shallow holes targeting marginal to core shears.
Key highlights show multiple long, near-surface corridors with elevated gold: 78.4m @ 1.44 g/t Au from 15.6m (MMD-25-246), 73.1m @ 1.08 g/t Au (MMD-25-228), 71.1m @ 1.08 g/t Au (MMD-25-245) and several internal higher-grade intervals including 16.2m @ 5.59 g/t Au and 18.2m @ 3.41 g/t Au. The program supports continuity of two parallel high-grade shears and will inform upcoming infill drilling, metallurgical testwork, and MRE upgrades.
Gold X2 (OTCQB: GSHRF) updated progress on expanded environmental baseline studies at the Moss Gold Project in NW Ontario and announced equity awards to management, directors and consultants.
Key program advances in 2025 include a Stage 2 archaeological assessment (no significant finds to date), waste geochemical sampling indicating mostly non-acid generating material, expanded fisheries and hydrogeological work (deep bedrock packer hole, baseline well network), a seismic survey, 25 hydrometric stations, and an 80 km2 aerial lidar survey. The company expects baseline studies complete by end of 2026 and aims to file Provincial and Federal Environmental Assessments in Q3 2027.
The board approved 11,770,000 options at $0.51 (5-year term) and 3,870,000 RSUs; option vesting is 1/3 on May 06, 2026, 2027 and 2028; RSUs vest Nov 06, 2026.
Gold X2 Mining (OTCQB: GSHRF) reported assays from 13 grade-control holes at the Moss Main zone on October 29, 2025, continuing to define near-surface high-grade shear corridors.
Key results include 69.65m @ 1.63 g/t Au from 4.35m (including 10.0m @ 7.09 g/t), 73.25m @ 1.01 g/t, 80.20m @ 1.23 g/t, 31.3m @ 1.92 g/t (incl. 11.0m @ 4.58 g/t) and 19.0m @ 2.75 g/t (incl. 6.0m @ 7.84 g/t).
Drilling used a 12.5m pattern over ~100m×80m×170–190m and aims to inform an upcoming Mineral Resource Estimate, PEA and infill program to upgrade Inferred tonnes to Indicated.
Gold X2 (OTCQB: GSHRF) entered a Purchase Agreement dated October 20, 2025 to acquire the Coldstream Claims in Ontario, adding 939 hectares to its Shebandowan Greenstone Belt land position.
Consideration comprised an initial cash payment of $200,000 and a final cash payment of $200,000 due within 12 months. Gold X2 will act as operator from execution until closing.
On closing the company will grant a 2% net smelter returns (NSR) royalty to the vendor, with a right to repurchase 1% of the NSR for $500,000 within 30 days of commercial production.
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) completed integrated geophysical and bedrock geochemistry targeting at the Moss Gold Project (Northwest Ontario) and identified a 5-kilometer anomalous mineralized trend in the Deaty Trend and expanded targets along an at least 8-kilometer Moss Trend.
Work included 27 line-km OreVision pole-dipole, 263.8 line-km gradient array surveys, 1,567 bedrock grab samples, and 141 top-of-bedrock drill holes. Several targets were classified as drill-ready and a 1,500‑metre scout drill program at the Bunker prospect is planned to commence in October 2025.
Gold X2 Mining (OTCQB: GSHRF) has entered into a definitive agreement to acquire Kesselrun Resources Ltd. in a cash and stock transaction. Under the deal terms, Kesselrun shareholders will receive $0.02 in cash and 0.2152 Gold X2 shares for each Kesselrun share held, resulting in Kesselrun shareholders owning approximately 4.13% of Gold X2 post-transaction.
The acquisition will give Gold X2 100% ownership of the high-grade Huronian Gold Project, strategically located adjacent to Gold X2's Moss Gold Project in Northern Ontario. The transaction includes a $500,000 interest-free bridge loan to Kesselrun and agreement to pay $2,000,000 in outstanding Kesselrun debt. The deal is expected to close around November 27, 2025, subject to shareholder, regulatory, and court approvals.
[ "Strategic acquisition consolidates Gold X2's position in the Shebandowan Greenstone Belt", "100% ownership of high-grade Huronian Gold Project adjacent to existing Moss Gold Project", "Potential for resource growth and development synergies between combined properties", "Strong support with 9.75% shareholder commitment from Kesselrun directors and officers" ]Gold X2 Mining (OTCQB: GSHRF) has received the 2025 Rising Star Award at the Central Canada Resource Expo for its Moss Gold Project in Northwest Ontario. The award recognizes promising future mining leaders and producers in Northwestern Ontario.
The company's VP of Exploration, Pete Flindell, highlighted that this recognition validates their progress in de-risking the Moss Gold Project, with the ultimate goal of establishing it as one of Canada's top-10 producing gold mines.
Gold X2 Mining (OTCQB: GSHRF) has announced significant results from its grade control drill program at the Moss Gold Project in Northwest Ontario. The program, utilizing 12.5-meter spaced drilling, aims to upgrade the resource classification and provide samples for feasibility-level metallurgical studies. Key highlights include intercepts of 50.85m of 2.18 g/t Au from 1.15m in MMD-25-203 and 49.85m of 1.54 g/t Au from 0.7m in MMD-25-201.
The drilling program has confirmed the continuity of high-grade mineralization within individual shear zones in the Main Zone, with gold grades generally higher than predicted in the current resource model. The results demonstrate reasonable continuity of lithological and shear domains, supporting the resource estimation process.