Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

P2 Gold Intersects 0.69 g/t Gold and 0.25% Copper Over 74.68 Meters, Including 1.32 g/t Gold and 0.38% Copper over 30.48 meters at Lucky Strike Zone

P2 Gold Confirms Gabbs Resource Continuity Amid Financing Push

By The Northwire Desk — AI Analysis May 04, 2026 · 05:00 PGLD · 0.72 P2 Gold Inc.
Executive Summary
  • P2 Gold Inc. released drilling results from ten new reverse circulation (RC) holes at the Lucky Strike Zone within the Gabbs Project in Nevada on May 4, 2026.
  • Key intercepts include Hole GBR-099 with 0.69 g/t Au and 0.25% Cu over 74.68 meters, including a higher-grade interval of 1.32 g/t Au and 0.38% Cu over 30.48 meters.
  • The results confirm the existing Mineral Resource model for the Lucky Strike Zone, which remains open in all directions.
  • An updated Mineral Resource estimate is expected in Q3 2026 to serve as the basis for a feasibility study targeted for completion in Q4 2026.
  • Since October 2025, 62 RC drill holes have been completed across the Gabbs Project (38 at Lucky Strike Zone and 24 at Sullivan Zone).
Material Impact
  • The drilling results are consistent with previous announcements from February through April 2026 which also confirmed grade continuity and resource model validity.
  • There is no significant upgrade to the resource estimate or economic model announced in this specific release; it serves as validation of the existing thesis rather than a new catalyst.
  • The timing aligns with the recently closed financing (April 29, 2026) which raised $11.25 million to fund exploration and development expenditures.
  • While positive for project confidence, the market likely anticipated continued drilling success given the aggressive infill program and strategic investor backing announced in April.
  • The news supports the feasibility study timeline (Q4 2026) but does not materially alter the capital requirements or production economics previously disclosed in the PEA update.
PGLD · Price
Company Overview
  • Project Name: Gabbs Project (Nye County, Nevada).
  • Asset Type: Open-pit gold-copper mine with heap leach and mill processing capabilities.
  • Resource Base: Indicated resources of ~720,000 oz Au plus inferred resources of 1.28 million oz Au as of late 2025/early 2026 updates.
  • Economics (PEA): Preliminary Economic Assessment indicates an IRR of 77.5% and NPV (5%) of US$2.253 billion at spot prices, with a payback period of less than one year.
  • Production Profile: Targeted average annual production of 109,000 oz Au and 15,000 tonnes Cu over a 14.2-year mine life.
  • Infrastructure: Located in Nevada with existing road access; water rights secured via agreement pending regulatory transfer.
Read the original news release →

More from P2 Gold Inc.

Oct 28, 2026 · 05:00

P2’s Lucky Strike step-out hole adds width but reports grades below the resource estimate.

Drill Results Oct 14, 2026 · 05:00

P2 Sullivan downdip holes returned 0.32 g/t gold, falling below the current Sullivan resource grade.

Drill Results Sep 21, 2026 · 05:01

P2 delays its feasibility study to Q1 2027 while increasing throughput to 12 Mtpa and confirming resource growth through drilling.

Technical Study Sep 15, 2026 · 05:00

P2’s Gabbs SW step-out drill hole thickens the bulk gold-copper system without repeating the high-grade bonanza intercepts seen in previous drilling.

Drill Results Aug 25, 2026 · 17:10

P2’s feasibility study slips one quarter as the strong car body metallurgy zone remains tiny.

Technical Study Aug 12, 2026 · 05:00

P2 infill drilling confirms a thickening high-grade gold-copper core at the Lucky Strike deposit.

Drill Results