# Gold X2 Expands 2026 Drilling Campaign to 160,000 Meters; Eight Drill Rigs Operating by the End of June Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/gold-x2-expands-2026-drilling-campaign-to-160-000-meters-eight-drill-rigs-operat--124ec622-078b-44a4-92bc-5d47fac504c0 Original source: https://money.tmx.com/en/quote/AUXX/news/8551928766627795/gold-x2-expands-2026-drilling-campaign-to-160-000-meters-eight-drill-rigs-operat Publisher: tmx Original announcement: 2026-05-05T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Gold X2 Mining Inc. - Ticker: AUXX - Exchange: TSX - Region: Northwest Ontario, Canada - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Resource update, Metallurgy - Extracted: 2026-08-24 05:45:54 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Gold X2 Mining Inc. has announced a fully funded 160,000-meter 2026 drilling campaign at the Moss Gold Project in Ontario. The company also disclosed updated NI 43-101 mineral resource estimates for gold and silver, alongside a comprehensive metallurgical testing program to support a planned Feasibility Study. Reasoning: The company reported a substantial NI 43-101 resource estimate for gold and silver and outlined a major 160,000m drilling campaign to expand and convert these resources. - Positive factor: significant resource scale - Positive factor: comprehensive metallurgical program announced - Positive factor: fully funded exploration campaign Facts used in scoring: 4 ## Classification and evidence **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The company reported 2.458 Moz of Indicated gold resources. Evidence · text > 2.458 million ounces of Indicated gold resources **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The company reported 4.209 Moz of Inferred gold resources. Evidence · text > 4.209 million ounces of Inferred gold resources **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Peter Flindell, PGeo, MAusIMM, MAIG, has approved the technical information. Evidence · text > Qualified Person Peter Flindell, PGeo, MAusIMM, MAIG... has approved the scientific and technical information ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/gold-x2-expands-2026-drilling-campaign-to-160-000-meters-eight-drill-rigs-operat--124ec622-078b-44a4-92bc-5d47fac504c0#fact-resource-facts-0) gold #### Identity - Commodity: gold - Ticker: AUXX #### Resource Data - Category: indicated - Tonnes: 73800000 - Grade: 1.04 - Grade Unit: g/t - Contained Metal: 2458000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: Indicated gold resource of 2.458 Moz at 1.04 g/t. - Positive factor: large indicated resource Evidence · text > 2.458 million ounces of Indicated gold resources at 1.04 g/t Au, contained within 73.8 million tonnes ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/gold-x2-expands-2026-drilling-campaign-to-160-000-meters-eight-drill-rigs-operat--124ec622-078b-44a4-92bc-5d47fac504c0#fact-resource-facts-1) gold #### Identity - Commodity: gold - Ticker: AUXX #### Resource Data - Category: inferred - Tonnes: 134700000 - Grade: 0.97 - Grade Unit: g/t - Contained Metal: 4209000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: Inferred gold resource of 4.209 Moz at 0.97 g/t. - Positive factor: large inferred resource - Negative factor: inferred category limits economic confidence Evidence · text > 4.209 million ounces of Inferred gold resources at 0.97 g/t Au contained within 134.7 million tonnes ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/gold-x2-expands-2026-drilling-campaign-to-160-000-meters-eight-drill-rigs-operat--124ec622-078b-44a4-92bc-5d47fac504c0#fact-resource-facts-2) silver #### Identity - Commodity: silver - Ticker: AUXX #### Resource Data - Category: indicated - Tonnes: 64300000 - Grade: 1.53 - Grade Unit: g/t - Contained Metal: 3160000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: Indicated silver resource of 3.160 Moz at 1.53 g/t. - Positive factor: significant silver byproduct resource Evidence · text > 3.160 million ounces of indicated silver resources at 1.53 g/t Ag contained within 64.3 Mt ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/gold-x2-expands-2026-drilling-campaign-to-160-000-meters-eight-drill-rigs-operat--124ec622-078b-44a4-92bc-5d47fac504c0#fact-resource-facts-3) silver #### Identity - Commodity: silver - Ticker: AUXX #### Resource Data - Category: inferred - Tonnes: 125900000 - Grade: 1.55 - Grade Unit: g/t - Contained Metal: 6273000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-05T00:00:00.000Z Reasoning: Inferred silver resource of 6.273 Moz at 1.55 g/t. - Positive factor: significant silver byproduct resource Evidence · text > 6.273 million ounces of inferred silver resources at 1.55 g/t Ag contained within 125.9 Mt ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.