P2 Gold Gabbs Project Update
P2 Gold Gabbs Project Update
VANCOUVER, BC
,
Nov. 10, 2025
/CNW/ -
P2 Gold Inc.
("P2" or the "Company") (TSXV: PGLD)
(OTCQB: PGLDF) provides an update on activities at its wholly-owned gold-copper Gabbs Project
located on the Walker-Lane Trend in
Nevada
.
Expansion and Exploration Drilling
A reverse circulation (RC) drill rig was mobilized to site on
October 22, 2025
and expansion and infill
drilling is underway. To date, 12 RC holes have been completed at the Sullivan Zone with 24 holes
planned totaling 4,900 meters. When drilling is complete at
Sullivan
, the RC drill will be moved to the
Lucky Strike Zone to complete a 47-hole, 10,000-meter infill and expansion drill program. Drill
results will be reported as received with initial results expected before year-end.
Geotechnical and Metallurgical Drilling
A diamond drill rig is currently mobilizing to site. The drill rig is being used to drill geotechnical drill
holes to support the feasibility study and to provide metallurgical samples for feasibility metallurgical
testing. The diamond drill program is expected to consist of 17 holes totaling 3,500 meters. The
initial holes will focus on providing additional metallurgical samples for column leach tests and then
pit slope stability for the proposed
Sullivan
and Lucky Strike Zone open pits.
Feasibility-Level Studies
The Company has begun the process of awarding contracts in support of the Gabbs Project
Feasibility Study and mining plan of operations. Contracts awarded to date include:
Barr Engineering Co for a feasibility level pit slope stability study for the proposed
Sullivan
and
Lucky Strike open pits
Kautz Environmental Consultants, Inc. for the completion of a cultural inventory of the proposed
Gabbs
mine site
Aqua Hydrogeologic Consulting for a hydrogeologic model in the area around the proposed
open pits and process water rights
Western Biological for an expanded biological survey
Kappas Cassiday for optimized heap leach and mill processing metallurgical studies
Welsh Hagen for leach pad and process facility foundation geotechnical studies
These studies and the ongoing drill program are expected to be completed in the second quarter of
2026. At the end of drilling, an updated Mineral Resource estimate will be prepared from which an
optimized mine plan will be developed. The information from the various field studies will be used in
the design of the process and ancillary facilities. Capital and operating costs will be estimated and
used to form the basis of the economic analysis of the Feasibility Study.
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
, where work to support a feasibility study is
underway. A positive preliminary economic assessment has outlined a long-life, mid-size mine at
Gabbs
with annual average production of 109,000 ounces gold, 15,000 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 work is being planned, and a water permit is
expected in the fourth 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 the 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 as well as the
other assumptions disclosed in this news release. 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 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.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/November2025/10/c1771.html
%SEDAR: 00045664E
For further information:
For further information, please contact: Joseph Ovsenek, President &
CEO, (778) 731-1055; Michelle Romero, Executive Vice President, (778) 731-1060; P2 Gold Inc.,
Suite 789, 999 West Hastings Street, Vancouver, BC, V6C 2W2, [email protected], (SEDAR filings:
P2 Gold Inc.)
CO: P2 Gold Inc.
CNW 03:30e 10-NOV-25