Northwire Canada EditionSaturday, July 25, 2026
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B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
Drill Results Routine +

P2 Gold Announces First Infill and Expansion Drill Results from Lucky Strike Zone at Gabbs

Drilling confirms Lucky Strike continuity but aggressive PEA price assumptions mask economic sensitivity

By The Northwire Desk — AI Analysis Feb 18, 2026 · 05:00 PGLD · 0.78 P2 Gold Inc.
Executive Summary

The February 18, 2026, news release reports the first assay results from the 2025/2026 infill and expansion drill program at the Lucky Strike Zone of the Gabbs Project in Nevada. Key results from the first eight reverse circulation (RC) holes include 21.34 meters grading 0.42 g/t gold (GBR-074) and 51.82 meters grading 0.49 g/t gold (GBR-077). The company has completed 51 RC holes to date (24 at Sullivan, 27 at Lucky Strike) out of a planned 70-hole program. Additionally, 16 geotechnical diamond holes have been completed. Management reiterated that an updated Mineral Resource Estimate (MRE) is expected in mid-2026, with a Feasibility Study targeted for Q4 2026.

Material Impact

The news is material but represents routine execution of a previously announced exploration plan. - Confirmation of Model: The results confirm the existing resource model for Lucky Strike, showing mineralization consistent with the Sullivan Zone. This reduces geological risk for the upcoming resource update. - Project Timeline: The company is maintaining its schedule for the MRE (mid-2026) and Feasibility Study (Q4 2026). - Grade Consistency: While the intervals are wide, the grades (0.42–0.53 g/t Au) are relatively low-grade, aligning with the Indicated Resource average of 0.45 g/t Au. There are no "bonanza" surprises here, but the continuity is positive. - Funding Status: Following the Feb 4, 2026 update, the CEO confirmed that warrant exercises have provided sufficient funds to complete the Feasibility Study, which is a major derisking event for a junior explorer.

PGLD · Price
Company Overview

P2 Gold is focused on the Gabbs Gold-Copper Project on the Walker Lane Trend in Nevada. The project is a large, low-grade bulk tonnage opportunity. - Flagship: Gabbs Project (Nevada). - Status: PEA Stage (2025 Update). - Planned Operation: Open pit, heap leach for oxide, followed by a mill for sulphide starting in Year 6. - Life of Mine (LOM): 14.2 years.

Read the original news release →

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