P2 Gold Expands Lucky Strike Zone with High-Grade Gold-Copper Intersections
Event summary
- P2 Gold intersected 0.62 g/t gold and 0.22% copper over 118.87 meters at the Lucky Strike Zone, including 44.20 meters grading 1.12 g/t gold and 0.33% copper.
- Drilling extended the higher-grade gold-copper corridor to the southwest, where it remains open.
- The quartz monzonite intrusive hosting the mineralization appears to be thickening to the southwest.
- A total of 92 RC drill holes have been completed since October 2025, with 60 holes drilled at the Lucky Strike Zone.
- An updated Mineral Resource estimate for Gabbs is expected in Q4 2026, forming the basis of a feasibility study.
The big picture
P2 Gold's latest drilling results at the Lucky Strike Zone highlight the potential for significant resource expansion, which is critical for advancing the Gabbs Project towards production. The thickening of the quartz monzonite intrusive and the extension of the higher-grade corridor to the southwest suggest a robust mineralized system. This development is part of a broader trend in the mining sector where companies are focusing on resource definition and feasibility studies to attract investment and secure project financing.
What we're watching
- Resource Expansion
- Whether the southwest extension of the Lucky Strike Zone will significantly increase the mineral resource base.
- Feasibility Study
- The pace at which P2 Gold can complete the updated Mineral Resource estimate and advance the feasibility study.
- Market Dynamics
- How the expanding mineralization at Gabbs will position P2 Gold in the competitive gold-copper mining sector.
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