Gold X2 Files First Quarter 2026 Financial Statements
Original announcement by tmx on
- Company
- Gold X2 Mining Inc.
- Ticker
- AUXX
- Exchange
- TSX
- Region
- Ontario, Canada
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Resource update, Economic study
- Extracted
- 2026-09-19 11:02:57 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Gold X2 Mining Inc. has announced an updated 2026 NI 43-101 mineral resource estimate for the Moss Gold Project in Ontario, Canada. The update reports a total gold resource of 6.667 million ounces (2.458 Moz Indicated and 4.209 Moz Inferred) and significant silver resources.
Reasoning: The announcement highlights a substantial 2026 updated NI 43-101 mineral resource estimate for the Moss Gold Project, significantly increasing the gold and silver resource base.
Positive factors
- Significant gold resource expansion to 6.667 Moz total (Indicated + Inferred)
- Presence of silver resources
- Advanced stage project with PEA completed
Facts used in scoring: 4
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The release explicitly mentions a 2026 updated NI 43-101 mineral resource estimate and a supporting technical report.
Evidence · text
“The 2026 updated NI 43-101 mineral resource estimate (" MRE ")”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document provides updated mineral resource figures for the Moss and East Coldstream Deposits.
Evidence · text
“The 2026 updated NI 43-101 mineral resource estimate (" MRE ") for the Moss and East Coldstream Deposits has expanded”
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: The release mentions results of a preliminary economic assessment (PEA) for the Moss Gold Project.
Evidence · text
“Results of a preliminary economic assessment (" PEA ") of the Moss Gold Project suggest”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
indicatedMoss Gold Project · goldTonnes: 73800000Grade: 1.04Grade Unit: g/tContained Metal: 2.458Contained Unit: mozView all detailsHide details
Identity
- Project
- Moss Gold Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AUXX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:b04b00d1410f4e064f29
- Deposit or zone
- Moss and East Coldstream Deposits
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 73800000
- Grade
- 1.04
- Grade Unit
- g/t
- Contained Metal
- 2.458
- Contained Unit
- moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-27T00:00:00.000Z
Reasoning: Significant indicated gold resource reported.
Positive factors
- Large indicated gold resource
Evidence · text
“2.458 million ounces of Indicated gold resources at 1.04 g/t Au, contained within 73.8 million tonnes”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredMoss Gold Project · goldTonnes: 134700000Grade: 0.97Grade Unit: g/tContained Metal: 4.209Contained Unit: mozView all detailsHide details
Identity
- Project
- Moss Gold Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AUXX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:b9d5473ef8566d5c9c6a
- Deposit or zone
- Moss and East Coldstream Deposits
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 134700000
- Grade
- 0.97
- Grade Unit
- g/t
- Contained Metal
- 4.209
- Contained Unit
- moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-27T00:00:00.000Z
Reasoning: Substantial inferred gold resource reported.
Positive factors
- Large inferred gold resource
Negative factors
- Inferred category implies lower geological confidence
Evidence · text
“4.209 million ounces of Inferred gold resources at 0.97 g/t Au contained within 134.7 million tonnes”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedMoss Gold Project · silverTonnes: 64300000Grade: 1.53Grade Unit: g/tContained Metal: 3.16Contained Unit: mozView all detailsHide details
Identity
- Project
- Moss Gold Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AUXX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:b682350c922f4ae4a793
- Deposit or zone
- Moss Deposit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 64300000
- Grade
- 1.53
- Grade Unit
- g/t
- Contained Metal
- 3.16
- Contained Unit
- moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-27T00:00:00.000Z
Reasoning: Indicated silver resource reported.
Positive factors
- Significant silver resource
Evidence · text
“3.160 million ounces of indicated silver resources at 1.53 g/t Ag contained within 64.3 Mt”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredMoss Gold Project · silverTonnes: 125900000Grade: 1.55Grade Unit: g/tContained Metal: 6.273Contained Unit: mozView all detailsHide details
Identity
- Project
- Moss Gold Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AUXX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:24d531c15dde3430b0c8
- Deposit or zone
- Moss Deposit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 125900000
- Grade
- 1.55
- Grade Unit
- g/t
- Contained Metal
- 6.273
- Contained Unit
- moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-27T00:00:00.000Z
Reasoning: Substantial inferred silver resource reported.
Positive factors
- Significant inferred silver resource
Negative factors
- Inferred category implies lower geological confidence
Evidence · text
“6.273 million ounces of inferred silver resources at 1.55 g/t Ag contained within 125.9 Mt”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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.