Northwire Canada EditionTuesday, August 4, 2026
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FAIR 0.050 +0.0% ELR 0.345 +0.0% LMCU 8.77 +0.0% MKA 0.720 +0.0% SCD 0.160 +0.0% TECK 84.36 +0.0% SAGA 0.435 +0.0% BZ 3.16 +0.0% FFM 1.68 +0.0% LOD 0.335 +0.0% AEC 5.52 +0.0% ORV 1.88 +0.0% MCM 0.300 +0.0% GAMA 0.075 +0.0% AIR 0.050 +0.0% LUN 34.71 +0.0% FAIR 0.050 +0.0% ELR 0.345 +0.0% LMCU 8.77 +0.0% MKA 0.720 +0.0% SCD 0.160 +0.0% TECK 84.36 +0.0% SAGA 0.435 +0.0% BZ 3.16 +0.0% FFM 1.68 +0.0% LOD 0.335 +0.0% AEC 5.52 +0.0% ORV 1.88 +0.0% MCM 0.300 +0.0% GAMA 0.075 +0.0% AIR 0.050 +0.0% LUN 34.71 +0.0%
Technical Study

P2 Gold Announces Increased Gold, Copper and Silver Recoveries for 2025 PEA Update and Retains Communications Firms

By The Northwire Desk — AI Analysis Sep 02, 2025 · 08:47 PGLD · 0.23 P2 Gold Inc.
PGLD · Price

Executive Summary

  • P2 Gold reports final oxide leach recoveries of 88% Au, 69% Cu and 63% Ag from its Phase Three Metallurgical Program, representing significant improvements over the recoveries used in the May 2024 PEA.
  • The updated recoveries (85% Au, 67% Cu, 60% Ag) are expected to materially enhance the economics of the forthcoming 2025 PEA for the Gabbs Project.
  • The company also announces retention of Kappes, Cassiday & Associates for metallurgical work and two communications firms (witan nook Communications and Departures Capital Inc.) for six‑month marketing services.

Key Details

  • Phase Three Metallurgical Program results – final recoveries:
  • Gold: 88% (reduced to 85% for PEA modeling) → +9 pp vs. 2024 PEA (78%).
  • Silver: 63% (reduced to 60%) → +33 pp vs. 2024 PEA (45%).

  • Copper: 69% (reduced to 67%) → +24 pp vs. 2024 PEA (54%).

  • Comparison table (2024 vs. 2025 PEA leach recoveries) – shows percentage increases of 9 pp for Au, 33 pp for Ag, and 24 pp for Cu.

  • Assay methodology – samples prepared by Kappes, Cassiday & Associates; multi‑acid digestion with ICP finish (Ag, Cu) and fire assay with AA finish (Au).

  • Impact statement – President & CEO Joe Ovsenek notes the higher recoveries “are expected to markedly improve the economics of the 2025 Preliminary Economic Assessment update currently being finalized.”

  • Retained service providers:

  • Kappes, Cassiday & Associates (KCA) – conducts Phase Three metallurgical work and provides a marketing sample of copper‑silver SART concentrate.
  • witan nook Communications – social media management, $2,000 per month for six months starting Aug 5 2025.

  • Departures Capital Inc. (DC) – electronic advertising/marketing campaign, US$27,500 + GST for six months (service contract dated July 30 2025).

  • Qualified Person – Ken McNaughton, Chief Exploration Officer, reviewed and approved the technical information per NI 43‑101.

Notable Quotes

“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,” – Joe Ovsenek, President & CEO.

Read the original news release →

More from P2 Gold Inc.

Jul 06, 2026 · 05:00

P2 advances its Nevada gold-copper porphyry project to feasibility with a 3.45moz AuEq resource and a PEA NPV5 of US$942M.

Drill Results Jun 18, 2026 · 05:00

P2 Gold’s Gabbs project feasibility study confirms down-dip expansion potential following drilling results.

Drill Results Jun 09, 2026 · 05:00

P2 Gold Gabbs Project Update: Feasibility Study on Track

Technical Study May 25, 2026 · 18:36

P2 Gold closes $11.6M placement at premium price, stock near year-highs, as Gabbs feasibility catalysts stack up.

Financings May 20, 2026 · 05:00

Gabbs Project Feasibility Study Progress Validates Resource Base Despite Dilution Concerns

Drill Results May 13, 2026 · 11:27

P2 Gold’s latest top-up financing locks in Quaternary Group’s commitment as the Gabbs feasibility revs up; the real catalyst remains the feasibility study, not the cheque book.

Financings