P2 Gold's Gabbs Drilling Confirms Resource Model, Points to Copper-Gold Potential

Event summary

  • P2 Gold released drill results from eight reverse circulation (RC) holes at the Lucky Strike Zone of its Gabbs Project in Nevada.
  • Drill holes GBR-076 to 080 ended in footwall mineralization, suggesting potential for further expansion.
  • Drilling results confirm the existing Mineral Resource model for the Lucky Strike Zone, with intersections including 0.47 g/t gold and 0.23% copper over 60.96 meters.
  • The company plans to complete 70 RC holes at Lucky Strike and then shift focus to the Sullivan Zone, with an updated resource estimate expected in mid-2026.

The big picture

P2 Gold's Gabbs Project represents a strategic opportunity within the Nevada gold-copper belt, a region known for its established infrastructure and mining-friendly regulatory environment. The confirmation of the resource model and the presence of copper-gold mineralization in the footwall suggest potential for a long-life, mid-sized mining operation, but the project's success will depend on efficient resource expansion and cost-effective extraction techniques. The company's planned feasibility study will be a key indicator of the project's overall economic viability.

What we're watching

Resource Expansion
The success of the remaining 62 drill holes at Lucky Strike will be critical in validating the potential for a larger, more valuable resource, and the company's ability to deliver on that potential.
Footwall Potential
Whether the copper-gold mineralization in the footwall can be economically extracted will significantly impact the project's overall profitability and long-term viability.
Feasibility Timeline
The feasibility study's completion in Q4 2026 hinges on the timely delivery of updated resource estimates and metallurgical work, and any delays could push back the project's timeline.

Related topics

Mining