- P2 Gold (PGLD) has released results from the final 14 reverse circulation drill holes as part of the initial 2022 Drill Program at its Gabbs Project in Nevada
- Hole GBR-045 intersected 0.81 g/t gold equivalent (0.62 g/t gold and 0.18 per cent copper) over 112.77 metres, including 24.39 metres grading 1.57 g/t gold equivalent (1.33 g/t gold and 0.24 per cent copper)
- Hole GBR-046 intersected 0.80 g/t gold equivalent (0.57 g/t gold and 0.23 per cent copper) over 57.91 metres, including 15.24 metres grading 1.48 g/t gold equivalent (1.11 g/t gold and 0.36 per cent copper)
- P2 Gold Inc. (PGLD) was 3.57 per cent higher, trading at C$0.435 a share as of 11:50 am ET
P2 Gold (PGLD) has released results from the final 14 reverse circulation drill holes as part of the initial 2022 Drill Program at its Gabbs Project.
Holes GBR-036 to 049 were drilled at the Lucky Strike and Car Body zones, located on the Walker-Lane Trend in Nevada.
Highlights:
- Hole GBR-045 intersected 0.81 g/t gold equivalent (0.62 g/t gold and 0.18 per cent copper) over 112.77 metres, including 24.39 metres grading 1.57 g/t gold equivalent (1.33 g/t gold and 0.24 per cent copper)
- Hole GBR-046 intersected 0.80 g/t gold equivalent (0.57 g/t gold and 0.23 per cent copper) over 57.91 metres, including 15.24 metres grading 1.48 g/t gold equivalent (1.11 g/t gold and 0.36 per cent copper)
Near-surface mineralization in the Lucky Strike Zone was thicker and oxidized deeper than projected from the historical drilling.
Mineralization at Lucky Strike is hosted in both structural and lithological zones. Future drilling will target both styles of mineralization.
The company has retained Kappes Cassiday & Associates of Reno, Nevada and P&E Mining Consultants of Brampton, Ontario to prepare a PEA on the Gabbs Project.
P2 is a mineral exploration and development company focused on advancing precious metals and copper discoveries and acquisitions in the western United States and British Columbia.
P2 Gold Inc. (PGLD) was 3.57 per cent higher, trading at C$0.435 a share as of 11:50 am ET.