P2 Gold Inc. has intersected 0.62 g/t gold and 0.22% copper over 118.87 meters, including a higher-grade interval of 44.20 meters grading 1.12 g/t gold and 0.33% copper, in drill hole GBR-124 at the Gabbs Project in Nevada.

The results form part of an eight-hole reverse circulation drilling campaign testing the southwest extension of the higher-grading gold-copper corridor within the Lucky Strike Zone. Hole GBR-129 returned 129.54 meters grading 0.69 g/t gold and 0.22% copper from 108.20 meters downhole, with an internal 24.38-meter section grading 1.12 g/t gold and 0.38% copper. That hole ended in monzonite mineralization.

Drill holes GBR-124 through GBR-129 were collared from the same pad at the southwest limit of drilling at Lucky Strike, located 125 meters southwest of diamond drill hole GBD-021. The latest drilling indicates that the quartz monzonite intrusive hosting the higher-grade mineralization is thickening to the southwest, and the corridor remains open in that direction.

At Lucky Strike, gold-dominant mineralization is localized within and beneath a tabular unit of quartz monzonite underlain by pyroxenite. The main mineralized body exceeds 150 meters in thickness, while the deeper pyroxenite footwall ranges from 20 to 60 meters, creating a combined mineralized zone over 200 meters thick.

Since the current infill and expansion program began in October 2025, P2 Gold has completed a total of 92 reverse circulation drill holes across the property, comprising 32 holes at the Sullivan Zone and 60 holes at the Lucky Strike Zone. Additional drilling is planned for the southwest part of Lucky Strike to further define the shallower mineralization in the western half of the zone before shifting the focus to expansion targets to the northeast and southeast.

Following the completion of the drill program, P2 Gold expects to prepare an updated Mineral Resource estimate for the Gabbs project in the fourth quarter of 2026. That estimate will serve as the basis for a feasibility study evaluating the placement of Gabbs into production.

Read the full announcement: P2 Gold Intersects 0.62 g/t Gold and 0.22% Copper Over 118.87 Meters, Including 44.20 Meters grading 1.12 g/t gold and 0.33% Copper at the Heart of the Lucky Strike Zone