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 hits high-grade copper-gold intercepts at Lucky Strike as it races toward a 2026 feasibility milestone in Nevada.
The most recent news (March 3, 2026) reports significant drill results from the Lucky Strike Zone at the Gabbs Project in Nevada. Key intercepts include Hole GBR-089 with 0.71 g/t Au and 0.31% Cu over 54.86 meters, and Hole GBR-088 with 0.65 g/t Au and 0.32% Cu over 68.58 meters. Management states these results confirm the mineral resource model and suggest that Lucky Strike has the potential to be significantly larger than the Sullivan Zone (which currently hosts ~60% of the project's resources). The company remains on track for an updated Mineral Resource Estimate (MRE) in Q3 2026 and a Feasibility Study (FS) by Q4 2026.
The impact is Routine - Positive. While the drill results are strong and confirm the continuity of mineralization, they are incremental to an ongoing 11,500-meter program. - Confirmation vs. Discovery: These results validate the existing model rather than representing a brand-new discovery. However, the "expansion" element is critical as the zone remains open in all directions. - Grade Consistency: The grades (approx. 0.5–0.7 g/t Au and 0.2–0.3% Cu) are consistent with or slightly better than the current Inferred resource grades (0.35 g/t Au, 0.23% Cu), which is a positive for the upcoming resource upgrade. - Strategic Alignment: The news confirms that the company is successfully deploying the CA$11 million raised in late 2025 to meet its stated 2026 milestones.
P2 Gold is focused on the Gabbs Project in the Walker Lane Trend, Nevada. - Flagship: Gabbs is a gold-copper porphyry deposit with four known zones (Sullivan, Lucky Strike, Gold King, and Carling). - Economics: The 2025 PEA outlines a 14.2-year mine life with an after-tax NPV (5%) of US$942.9M (Base Case) and US$2.25B (Spot Case). - Production: Targeted average annual production of 104,000 oz Gold and 13,500 tonnes Copper.