P2 Gold's Lucky Strike Zone Drilling Bolsters Resource Potential

Event summary

  • P2 Gold released drill results from ten RC holes (GBR-082 to 091) at the Lucky Strike Zone of its Gabbs Project in Nevada.
  • Drill hole GBR-088 intersected 0.65 g/t gold and 0.32% copper over 68.58 meters, including a higher-grade interval of 1.22 g/t gold and 0.64% copper over 18.29 meters.
  • The company plans to complete 11,500 meters of drilling in 70 RC holes at Lucky Strike and will then shift focus to the Sullivan Zone.
  • An updated Mineral Resource estimate for Gabbs is expected in Q3 2026, followed by a feasibility study in Q4 2026.

The big picture

P2 Gold's Gabbs Project represents a potentially significant gold-copper deposit in a region known for its mining activity. The current drill results reinforce the geological model and support the company’s plans for a feasibility study, but the project's ultimate success hinges on expanding the resource base and demonstrating economic viability. The project's infrastructure advantages, including paved road access and on-site power and water, are key factors in its development potential.

What we're watching

Resource Expansion
The success of future drilling at Lucky Strike will be critical to expanding the resource base and justifying the planned feasibility study, given the zone’s potential to be significantly larger than the Sullivan Zone.
Geotechnical Risk
The company’s ongoing metallurgical and slope stability geotechnical work will be essential to understanding the challenges of developing the Gabbs Project and informing the feasibility study.
Feasibility Timeline
The aggressive timeline for the updated resource estimate and feasibility study (Q3/Q4 2026) will require efficient execution and potentially limit the scope of further exploration.

Related topics

Mining