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VANCOUVER, BC, March 3, 2026 /CNW/ - P2 Gold Inc. ("P2" or the "Company") (TSXV:PGLD) (OTCQB:PGLDF) reports results from an additional ten reverse circulation ("RC") drill holes (GBR-082 to 091) drilled at the Lucky Strike Zone as part of the Infill and Expansion Drill Program at its Gabbs Project located on the Walker-Lane Trend in Nevada. A total of 11,500 meters in 70 RC holes is planned for the Lucky Strike Zone as part of the Infill and Expansion Drill Program. On completion of the drilling underway at the Lucky Strike Zone, the RC drill is expected to return to the Sullivan Zone for additional drilling to extend the zone down dip. Results from drilling to date confirm the Mineral Resource model for the Lucky Strike Zone.Drilling HighlightsSelect drill results (see Table 1 below for drill results) from holes GBR-082 to GBR-091 drilled at the Lucky Strike Zone include:Hole GBR-088 intersected 0.65 g/t gold and 0.32% copper over 68.58 meters from 54.86 meters downhole, including 18.29 meters grading 1.22 g/t gold and 0.64% copper (one sample capped at 8 g/t gold) starting 54.86 meters downhole and also intersected 0.20 g/t gold and 0.11% copper over 27.43 meters starting 123.44 meters downhole and intersected 0.13 g/t gold and 0.18% copper over 47.24 meters starting 167.64 meters downhole;Hole GBR-089 intersected 0.71 g/t gold and 0.31% copper over 54.86 meters starting 74.68 meters downhole, including 22.86 meters grading 1.28 g/t gold and 0.43% copper starting 74.68 meters downhole and also intersected 0.21 g/t gold and 0.15% copper over 45.72 meters starting 164.59 meters downhole;Hole GBR-091 intersected 0.51 g/t gold and 0.22% copper over 68.58 meters from 47.24 meters downhole, including 22.86 meters grading 0.92 g/t gold and 0.34% copper starting 48.77 meters downhole and also intersected 0.11 g/t gold and 0.15% copper over 41.15 meters starting 115.82 meters downhole.The available drill data confirms that the ore controls at Lucky Strike are the same as at the Sullivan Zone where mineralization is localized within and below a tabular unit of quartz monzonite underlain by pyroxenite. As with Sullivan, the higher-grade gold and copper at Lucky strike is at the core of the zone and at restricted halos around subvertical structures. This mineralization is gold dominant and gives way to copper-gold mineralization in the footwall of the main mineralized body. At Lucky Strike, the deeper footwall mineralization ranges in thickness from 20 meters to 60 meters and with the main mineralized body ranging up to 75 meters thick forms a zone with a combined thickness of up to 125 meters thick. There are numerous quartz filled structures that cut across the Lucky Strike Zone which come to surface and were exploited historically as narrow, high-grade pits and shallow workings. The Lucky Strike Zone remains open in all directions. Drilling is currently focused on the western half of the zone, which measures approximately 700 meters by 500 meters, as defined by current and historical drilling, and is where the relatively shallow mineralization is hosted. This targeted area is roughly the same size as the Sullivan Zone. Based on available current and historical drill data, the Lucky Strike Zone has the potential to be significantly larger than the Sullivan Zone.Since the start of the Program in October 2025, a total of 57 RC drill holes have been drilled, with 24 holes drilled at the Sullivan Zone and 33 holes drilled at the Lucky Strike Zone. The diamond drill has completed 18 metallurgical and slope stability geotechnical holes to date. Assays will continue to be reported over the coming months.On completion of the Infill and Expansion Drill Program, an updated Mineral Resource estimate will be prepared for Gabbs, which is expected to be completed in the third quarter of 2026. The updated Mineral Resource estimate will form the basis of a feasibility study on placing Gabbs in production, which is expected to be completed in the fourth quarter of 2026.Table 1: Selected Gabbs Drill Results, March 2026 (GBR-082 to GBR-091)(1, 2)HoleCollar CoordsDip/AzimuthFrom(m)To(m)Interval(m)Gold(g/t)Copper(%)GBR-082N4293869/E414909-90/07.6259.4451.820.440.18FM(3)59.44Full story available on Benzinga.com
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