P2 Gold Announces Increased Gold, Copper and Silver Recoveries for 2025 PEA Update and Retains Communications Firms
P2 Gold Announces Increased Gold, Copper
and Silver Recoveries for 2025 PEA Update
and Retains Communications Firms
VANCOUVER, BC
,
Sept. 2, 2025
/CNW/ -
P2 Gold Inc.
("P2" or the "Company") (TSXV: PGLD)
(OTCQB: PGLDF) reports final gold, silver and copper recoveries for use in its 2025 Preliminary
Economic Analysis update ("2025 PEA Update") on its gold-copper Gabbs Project located on the
Walker-Lane Trend in
Nevada
.
The final recoveries for gold, copper and silver from the Phase Three Metallurgical Program ("Phase
Three Program") with tail assays incorporated into the calculated head assays were 88% for gold,
63% for silver and 69% for copper (see notes 1 to 4 to Table 1 below). These results far exceed the
recoveries used in the
May 2024
Preliminary Economic Assessment (the "2024 PEA") on the Gabbs
Project (see Table 1 below).
Industry practice is to reduce column test results by a nominal amount for application to a heap
leach pad. Accordingly, the metal recoveries to be used in the 2025 PEA Update have been
reduced by a nominal amount from the final Phase Three Program results. See Table 1 below for a
comparison of the metal recoveries for the 2025 PEA based on the Phase Three results to the metal
recoveries used in the 2024 PEA.
Table 1: Comparison of the Oxide Leach Recoveries for the 2024 PEA and 2025 PEA
(1)(2)
Metal
May 2024 Preliminary
Economic Assessment
Leach Recoveries
(4)
2025 Preliminary
Economic Assessment
Leach Recoveries
(3)
Percentage Increase in
Leach Recoveries
Gold
78 %
85 %
9 %
Silver
45 %
60 %
33 %
Copper
54 %
67 %
24 %
(1)
Samples were submitted for preparation and multi-element analysis by Kappes, Cassiday & Associates. All samples were analyzed using multi-acid digestion with ICP finish
for silver and copper and fire assay with AA finish for gold.
(2)
Recoveries are based are on standard assaying protocols.
(3)
See P2 Gold news releases dated June 16, 2025 and August 11, 2025, available under the Company's profile on SEDAR+ at www.sedarplus.com and on the Company's
website at www.p2gold.com.
(4)
See P2 Gold news release dated May 22, 2024, and the Gabbs Technical Report dated May 17, 2024 available under the Company's profile on SEDAR+ at
www.sedarplus.com and on the Company's website at
www.p2gold.com
.
"The increase in oxide gold, copper and silver metal recoveries is expected to markedly improve the
economics of the 2025 Preliminary Economic Assessment update currently being finalized,"
commented
Joe Ovsenek
, President & CEO of P2. "The completion of the Phase Three
Metallurgical Program is the first step on our road to production."
The Company retained Kappes, Cassiday & Associates ("KCA") in
Reno, Nevada
to carry out the
Phase Three Metallurgical Program, which focused on increasing copper and gold recoveries of the
oxide mineralization and providing a marketing sample of the copper-silver SART (sulphidization,
acidification, recycling and thickening) concentrate.
Communications Firms Retained
The Company has retained witan nook Communications ("witan nook") to provide social media
management services for a period of six months commencing
August 5, 2025
for
$2,000
per month,
payable on a monthly basis. witan nook is arm's length to the Company and, to the knowledge of
the Company, witan nook and its principals do not have any present equity interest in the Company's
securities, directly or indirectly, or any right to acquire any equity interest. They can be reached at
19 Dartmoor Crescent,
Bedford, Nova Scotia
, (902) 499-6030, Email:
.
The Company also retained Departures Capital Inc. ("DC") to provide an electronic advertising and
marketing campaign for a period of six months at a cost of
US$27,500
plus GST pursuant to a
service contract dated
July 30, 2025
. DC is arm's length to the Company and, to the knowledge of
the Company, DC and its principals do not have any present equity interest in the Company's
securities, directly or indirectly, or any right to acquire any equity interest. DC can be reached at
#1500 - 409 Granville Street,
Vancouver, British Columbia
, (519) 590-6985, Email:
.
Qualified Person
Ken McNaughton
, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as
defined by National Instrument 43-101, responsible for the Gabbs Project. Mr. McNaughton has
reviewed, verified, and approved the scientific and technical information in this news release.
About P2 Gold Inc.
P2 Gold is a mineral exploration and development company focused on advancing its gold-copper
Gabbs Project on the Walker Lane Trend in Nevada. A positive preliminary economic assessment
has outlined a long-life, mid-size mine at
Gabbs
with annual average production of 104,000 ounces
gold and 13,500 tonnes copper over a 14.2-year mine life. The Gabbs Project has excellent
infrastructure with access via paved Hwy 361, and power and water on site. Additional metallurgical
testing is underway, and a water permit is expected in the third quarter of this year. All zones on the
property remain open and additional exploration targets, near surface and at depth, are drill ready.
Neither the TSX Venture Exchange (the "Exchange") nor its Regulation Services Provider (as that
term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Forward Looking Information
This press release contains "forward-looking information" within the meaning of applicable securities
laws that is intended to be covered by the safe harbours created by those laws. "Forward-looking
information" includes statements that use forward-looking terminology such as "may", "will", "expect",
"anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or
comparable terminology. Such forward-looking information includes, without limitation, information
with respect to the Company's expectations, strategies and plans for its Gabbs Project including the
Company's planned expenditures and exploration activities.
Forward-looking information is not a guarantee of future performance and is based upon a number
of estimates and assumptions of management at the date the statements are made, including
without limitation, the estimated recoveries for oxide gold, silver and copper mineralization.
Furthermore, such forward-looking information involves a variety of known and unknown risks,
uncertainties and other factors which may cause the actual plans, intentions, activities, results,
performance or achievements of the Company to be materially different from any future plans,
intentions, activities, results, performance or achievements expressed or implied by such forward-
looking information, including without limitation, the estimates and assumptions contained in the
Gabbs Technical Report dated
May 17, 2024
, and risks associated with mineral exploration,
including the risk that actual results and timing of exploration and development will be different from
those expected by management. See "Risk Factors" in the Company's annual information form for
the year ended
December 31, 2024
, dated
March 21, 2025
filed on SEDAR+ at
www.sedarplus.com
for a discussion of these risks.
The Company cautions that there can be no assurance that forward-looking information will prove to
be accurate, as actual results and future events could differ materially from those anticipated in such
information. Accordingly, investors should not place undue reliance on forward-looking information.
Except as required by law, the Company does not assume any obligation to release publicly any
revisions to forward-looking information contained in this press release to reflect events or
circumstances after the date hereof.
SOURCE
P2 Gold Inc.
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For further information:
For further information, please contact: Joseph Ovsenek, President &
CEO, (778) 731-1055, P2 Gold Inc., Suite 789, 999 West Hastings Street, Vancouver, BC; Michelle
Romero, Executive Vice President, (778) 731-1060
CO: P2 Gold Inc.
CNW 08:47e 02-SEP-25