P2 Gold Intersects 0.71 g/t Gold and 0.31% Copper Over 54.86 Meters, Including 1.28 g/t Gold and 0.43% Copper over 22.86 meters at Lucky Strike Zone
P2 Gold Intersects 0.71 g/t Gold and 0.31%
Copper Over 54.86 Meters, Including 1.28 g/t
Gold and 0.43% Copper over 22.86 meters at
Lucky Strike Zone
VANCOUVER, BC
,
March 3, 2026
/CNW/ -
P2 Gold Inc.
("P2" or the "Company") (TSXV: PGLD)
(OTCQB: PGLDF) reports results from an additional ten reverse circulation ("RC") drill holes (GBR-
082 to 091) drilled at the Lucky Strike Zone as part of the Infill and Expansion Drill Program at its
Gabbs Project located on the Walker-Lane Trend in Nevada. A total of 11,500 meters in 70 RC
holes is planned for the Lucky Strike Zone as part of the Infill and Expansion Drill Program. On
completion of the drilling underway at the Lucky Strike Zone, the RC drill is expected to return to the
Sullivan Zone for additional drilling to extend the zone down dip. Results from drilling to date confirm
the Mineral Resource model for the Lucky Strike Zone.
Drilling Highlights
Select drill results (see Table 1 below for drill results) from holes GBR-082 to GBR-091 drilled at the
Lucky Strike Zone include:
Hole GBR-088
intersected
0.65 g/t gold and 0.32% copper over 68.58 meters from 54.86
meters downhole
,
including 18.29 meters grading 1.22 g/t gold and 0.64% copper (one
sample capped at 8 g/t gold) starting 54.86 meters downhole
and also intersected 0.20 g/t
gold and 0.11% copper over 27.43 meters starting 123.44 meters downhole and intersected
0.13 g/t gold and 0.18% copper over 47.24 meters starting 167.64 meters downhole;
Hole GBR-089
intersected
0.71 g/t gold and 0.31% copper over 54.86 meters starting
74.68 meters downhole
,
including 22.86 meters grading 1.28 g/t gold and 0.43% copper
starting 74.68 meters downhole
and also intersected 0.21 g/t gold and 0.15% copper over
45.72 meters starting 164.59 meters downhole;
Hole GBR-091
intersected
0.51 g/t gold and 0.22% copper over 68.58 meters from 47.24
meters downhole
,
including 22.86 meters grading 0.92 g/t gold and 0.34% copper
starting 48.77 meters downhole
and also intersected 0.11 g/t gold and 0.15% copper over
41.15 meters starting 115.82 meters downhole.
The available drill data confirms that the ore controls at Lucky Strike are the same as at the Sullivan
Zone where mineralization is localized within and below a tabular unit of quartz monzonite underlain
by pyroxenite. As with Sullivan, the higher-grade gold and copper at Lucky strike is at the core of
the zone and at restricted halos around subvertical structures. This mineralization is gold dominant
and gives way to copper-gold mineralization in the footwall of the main mineralized body. At Lucky
Strike, the deeper footwall mineralization ranges in thickness from 20 meters to 60 meters and with
the main mineralized body ranging up to 75 meters thick forms a zone with a combined thickness of
up to 125 meters thick. There are numerous quartz filled structures that cut across the Lucky Strike
Zone which come to surface and were exploited historically as narrow, high-grade pits and shallow
workings.
The Lucky Strike Zone remains open in all directions. Drilling is currently focused on the western
half of the zone, which measures approximately 700 meters by 500 meters, as defined by current
and historical drilling, and is where the relatively shallow mineralization is hosted. This targeted area
is roughly the same size as the Sullivan Zone. Based on available current and historical drill data,
the Lucky Strike Zone has the potential to be significantly larger than the Sullivan Zone.
Since the start of the Program in October 2025, a total of 57 RC drill holes have been drilled, with
24 holes drilled at the Sullivan Zone and 33 holes drilled at the Lucky Strike Zone. The diamond drill
has completed 18 metallurgical and slope stability geotechnical holes to date. Assays will continue
to be reported over the coming months.
On completion of the Infill and Expansion Drill Program, an updated Mineral Resource estimate will
be prepared for Gabbs, which is expected to be completed in the third quarter of 2026. The
updated Mineral Resource estimate will form the basis of a feasibility study on placing Gabbs in
production, which is expected to be completed in the fourth quarter of 2026.
Lucky Strike Zone Plan View (CNW Group/P2 Gold Inc.)
Lucky Strike Section RR-RR' (CNW Group/P2 Gold Inc.)
Lucky Strike Section CC-CC' (CNW Group/P2 Gold Inc.)
Lucky Strike Section EE-EE' (CNW Group/P2 Gold Inc.)
Table 1: Selected Gabbs Drill Results, March 2026 (GBR-082 to GBR-091)
(1, 2)
Hole
Collar Coords
Dip/
Azimuth
From
(m)
To
(m)
Interval
(m)
Gold
(g/t)
Copper
(%)
GBR-082
N4293869/
E414909
-90/0
7.62
59.44
51.82
0.44
0.18
FM
(3)
59.44
94.49
35.05
0.12
0.15
GBR-083
N4293869/
E414910
-55/45
7.62
57.91
50.29
0.47
0.23
FM
60.96
114.30
53.34
0.21
0.22
GBR-084
N4293869/
E414910
-55/135
7.62
64.01
56.39
0.42
0.22
FM
64.01
124.97
60.96
0.14
0.15
GBR-085
N4293869/
E414910
-50/225
22.86
74.68
51.82
0.39
0.19
FM
74.68
97.54
22.86
0.18
0.13
FM
114.30
137.16
22.86
0.15
0.15
GBR-086
N4293869/
E414910
-60/315
16.76
67.06
50.29
0.52
0.22
FM
85.34
112.78
27.43
0.12
0.21
GBR-087
N4293812/
E415017
-70/0
53.34
118.87
65.53
0.44
0.20
FM
118.87
152.40
33.53
0.11
0.16
GBR-088
N4293812/
E415017
-65/45
54.86
123.44
68.58
0.65
(4)
0.32
incl
54.86
73.15
18.29
1.22
(4)
0.64
FM
123.44
150.88
27.43
0.20
0.11
FM
167.64
214.88
47.24
0.13
0.18
GBR-089
N4293812/
E415017
-65/135
74.68
129.54
54.86
0.71
0.31
Incl
74.68
97.54
22.86
1.28
0.43
FM
164.59
210.31
45.72
0.21
0.15
GBR-090
N4293803/
E415019
-60/225
60.96
120.40
59.44
0.43
0.18
FM
140.21
182.88
42.67
0.14
0.18
GBR-091
N4293803/
E415019
-60/315
47.24
115.82
68.58
0.51
0.22
Incl
48.77
71.63
22.86
0.92
0.34
FM
115.82
156.97
41.15
0.11
0.15
(1)
True thickness to be determined.
(2)
All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North
Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire
assayed with a gravimetric finish. One in 20 samples was blank, one in 20 was a standard sample, and one in 20 samples had a sample cut from assay rejects assayed as a
field duplicate.
(3)
FM means footwall mineralization
(4)
One sample (1.52 meters) capped at 8 g/t gold.
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 first 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/March2026/03/c9729.html
%SEDAR: 00045664E
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, V6C
2W2, [email protected], (SEDAR filings: P2 Gold Inc.); Michelle Romero, Executive Vice President,
(778) 731-1060
CO: P2 Gold Inc.
CNW 05:00e 03-MAR-26