Gold X2 Mining to Assume Option on High-Potential Star Lake Gold Property in Ontario

Goldshore Resources ( (TSE:AUXX) ) has shared an update.

Gold X2 Mining Inc. has signed a definitive agreement with Sky Gold Corp. to assume, in stages, Sky Gold’s option interest in the Star Lake Property, a 10,540-hectare greenfields exploration target located about 23 kilometers east of Gold X2’s Moss Gold Project in Northwest Ontario. The transaction would expand Gold X2’s land position in the Shebandowan Greenstone Belt to 40,456 hectares and give the company control of three of the four significant gold-in-till anomalies identified in the belt, aligning with its strategy to build a robust exploration pipeline and consolidate a district-scale gold position; the undrilled Star Lake anomaly is considered highly prospective based on historic and recent geochemical data, and Gold X2 plans to commence targeted exploration, starting with geophysical surveys, in late 2026, pending regulatory approvals.

Spark’s Take on TSE:AUXX Stock

According to Spark, TipRanks’ AI Analyst, TSE:AUXX is a Neutral.

Goldshore Resources’ stock score is primarily influenced by its financial performance, reflecting the typical challenges of an exploration-stage mining company with no revenue and ongoing losses. The technical analysis shows some short-term positive momentum, but valuation remains unattractive due to negative earnings. The corporate event involving Moss Genomics does not impact this score.

To see Spark’s full report on TSE:AUXX stock, click here.

More about Goldshore Resources

Gold X2 Mining Inc. is a Canadian mineral exploration company focused on gold projects in the emerging Shebandowan Greenstone Belt of Northwest Ontario. Its primary assets include the Moss Gold Project and the historic Ardeen mine, and it targets district-scale consolidation and exploration of gold-bearing greenstone belt geology.

YTD Price Performance: 16.42%

Average Trading Volume: 626,947

Technical Sentiment Signal: Buy

Current Market Cap: C$385.3M

For an in-depth examination of AUXX stock, go to TipRanks’ Overview page.