P2 Gold Drilling Expands Lucky Strike Zone at Gabbs Project
Event summary
- P2 Gold's drilling at the Lucky Strike Zone confirms gold-copper mineralization extends in all directions, expanding the zone's size.
- Three diamond drill holes intersected significant mineralization, including 0.90 g/t gold and 0.30% copper over 16.76 meters in hole GBD-039.
- Additional 15,000 meters of reverse circulation drilling planned to target higher-grade core areas.
- Updated Mineral Resource estimate for Gabbs Project expected in Q3 2026, with feasibility study completion targeted for Q4 2026.
The big picture
P2 Gold's discovery of expanding mineralization at Lucky Strike aligns with broader industry trends of resource upgrades driving project valuations. The Gabbs Project's strategic location on Nevada's Walker Lane Trend, coupled with its existing infrastructure, positions it as a potential mid-size gold-copper producer. Success in defining higher-grade zones could significantly enhance the project's economic viability and attractiveness to investors.
What we're watching
- Resource Growth
- Whether the additional drilling will further expand the Lucky Strike Zone and enhance the project's economic potential.
- Feasibility Timeline
- The pace at which P2 Gold can complete the feasibility study and move Gabbs Project toward production.
- Market Reaction
- How investors will respond to the expanded resource estimates and potential upgrades in mineral reserves.
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