P2 Gold reports new hanging-wall mineralization at Nevada project
Six reverse-circulation holes extended the Sullivan Zone downdip and intersected a newly interpreted gold-copper unit within the prior PEA pit shell.
Event / data period: 2026-10-14
Published: · Updated:
P2 Gold reported results on October 14 from six reverse-circulation holes at the Sullivan Zone of its Gabbs gold-copper project in Nevada. Hole GBR-133 returned 0.32 grams of gold per tonne and 0.18% copper over 70.10 metres, while GBR-140 returned 0.32 grams of gold per tonne and 0.13% copper over 51.82 metres. Both holes also intersected additional lower-grade intervals.
The company interpreted mineralization in GBR-133 and GBR-140 as a hanging-wall unit that may lie in material modelled as waste in its 2025 preliminary economic assessment. It said all six holes extended the zone downdip and that it remains open at depth. These are drill intervals, not proven true widths; the possible effect on strip ratio is an exploration interpretation pending resource updates and a feasibility study.
Data
P2 Gold reports six Sullivan Zone drill holes
The issuer reported six reverse-circulation holes testing the downdip Sullivan Zone and a newly interpreted hanging-wall unit.
- · Occurred
P2 Gold reports six Sullivan Zone drill holes
The issuer reported six reverse-circulation holes testing the downdip Sullivan Zone and a newly interpreted hanging-wall unit.
Methodology
The release describes a company interpretation and says true thickness remains to be determined; selected assay intervals appear in the adjoining table.
Updated:
Resultados selecionados dos furos na Zona Sullivan
Five reported Sullivan Zone intervals from holes GBR-133 and GBR-140; assay values are company-reported and interval lengths are down-hole.
| GBR-133 | 64.01 | 134.11 | 70.1 | 0.32 | 0.18 |
| GBR-133 | 198.12 | 257.56 | 59.44 | 0.21 | 0.14 |
| GBR-140 | 94.49 | 146.3 | 51.82 | 0.32 | 0.13 |
| GBR-140 | 160.02 | 214.88 | 54.86 | 0.21 | 0.11 |
| GBR-140 | 228.6 | 259.08 | 30.48 | 0.15 | 0.1 |
Methodology
Selected gold and copper grades and down-hole intervals transcribed from the issuer’s October 14, 2026 table. The release states that true thickness is to be determined; these values are not true widths. All six holes extended the zone, while the hanging-wall interpretation and possible economic effects remain provisional company interpretations.
Updated:
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