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Goldshore Resources ( (TSE:AUXX) ) just unveiled an announcement.
Gold X2 Mining Inc. reported the final batch of assay results from its Main Zone grade control drilling at the Moss Gold Project, with eleven shallow holes confirming wide, near-surface high-grade shear corridors, including intercepts such as 49.0 metres grading 2.13 g/t gold and 73.8 metres grading 1.30 g/t gold. A reconciliation of the new drilling against the existing resource model shows 23% more and/or wider shears but an 8% lower overall grade, indicating that additional low-grade secondary shears, previously modeled as waste due to wider historical drill spacing, could be incorporated into future resource updates. These results are expected to inform optimal drill spacing for upgrading Inferred to Indicated resources, support upcoming feasibility-level infill and metallurgical programs, and potentially enhance the Moss project’s overall economics and mine plan by improving confidence and reducing geological risk.
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 gold exploration and development company focused on advancing its Moss Gold Project in northwest Ontario. The company is working to define and upgrade its mineral resource through systematic drilling, with an eye toward improving project economics and supporting future feasibility-level studies in an established North American mining jurisdiction.
Average Trading Volume: 1,136,240
Technical Sentiment Signal: Buy
Current Market Cap: C$587.8M
See more data about AUXX stock on TipRanks’ Stock Analysis page.