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 0.90 g/t Gold and 0.34% Copper Over 48.77 Meters, Including 1.61 g/t Gold and 0.49% Copper over 21.34 meters at Lucky Strike Zone

Lucky Strike drill hits boost Gabbs resource outlook ahead of Q3 update

By The Northwire Desk — AI Analysis Apr 08, 2026 · 05:00 PGLD · 0.655 P2 Gold Inc.
Executive Summary
  • On 2026‑04‑08 P2 Gold announced intersecting 0.90 g/t Au and 0.34 % Cu over 48.77 m (including a higher‑grade core of 1.61 g/t Au and 0.49 % Cu over 21.34 m) in hole GBR‑1103 at the Lucky Strike Zone, Gabbs Project.
  • Similar high‑grade intervals were reported from holes GBR‑1104 and GBR‑1106, confirming a mineralized envelope comparable to the Sullivan Zone and suggesting the zone may be larger and higher‑grade than modeled.
  • The company is progressing toward an updated Mineral Resource estimate in Q3 2026, which will feed a feasibility study targeted for Q4 2026.
  • Drill program: 11,500 m planned across 70 holes; to date 62 RC holes drilled (24 Sullivan, 38 Lucky Strike) plus 29 metallurgical/geotechnical diamond holes.
Material Impact
  • Scope: The intercepts materially expand the known high‑grade core of Lucky Strike and confirm that the zone is open in all directions.
  • Expectation vs. reality: Prior updates (Feb–Mar 2026) indicated a “potentially larger” zone but provided no quantitative high‑grade data. The new drill results deliver concrete grades and thickness, exceeding the baseline resource model.
  • Impact on valuation: An enlarged, higher‑grade resource can lift the forthcoming Q3 2026 resource estimate, improving the economics of the planned feasibility study (lower capital per ounce, higher IRR). This is a material positive catalyst for the stock, especially given the company’s cash‑light balance sheet.
  • Risk considerations: Results are still drill‑hole specific; metallurgical recoveries and permitting remain pending. However, the water‑rights acquisition earlier in 2026 reduces operational risk.
PGLD · Price
Company Overview
  • P2 Gold Inc. focuses on the Gabbs Project in Nevada (open‑pit, heap‑leach, later mill).
  • The project hosts two primary zones: Sullivan Zone (historical resource core) and Lucky Strike Zone (currently being infilled/expanded).
  • Current NI 43‑101 resources (PEA stage):
  • Indicated: 1.16 M oz Au eq (49.8 Mt @ 0.45 g/t Au, 1.36 g/t Ag, 0.27 % Cu)
  • Inferred: 2.29 M oz Au eq (112.2 Mt @ 0.35 g/t Au, 0.84 g/t Ag, 0.23 % Cu)
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