P2 Gold Drills 0.90 G/T Gold and 0.34% Copper over 48.77 Metres, Including 1.61 G/T Gold and 0.49% Copper over 21.34 Metres at Lucky Strike Zone, Gabbs Project, Nevada

Why It Matters

The drill results bolster confidence that Lucky Strike could double the size of the Sullivan resource, accelerating P2 Gold’s path to a full‑scale gold‑copper mine in Nevada. This strengthens the project’s economics and may attract new capital ahead of the feasibility study.

Key Takeaways

• Hole GBR-103 returned 0.90 g/t Au, 0.34% Cu over 48.77 m
• Core grades mirror Sullivan Zone, suggesting similar deposit size
• Lucky Strike remains open in all directions, potential larger than Sullivan
• 11,500 m RC program aims to update resource by Q3 2026
• Feasibility study slated for Q4 2026 targeting 109k oz Au annually

Pulse Analysis

Nevada’s Walker‑Lane Trend continues to attract attention as P2 Gold delivers a string of high‑grade drill intersections at its Gabbs Project. The latest ten reverse‑circulation holes in the Lucky Strike Zone revealed a robust mineralized envelope, highlighted by a 48.77‑metre interval averaging 0.90 g/t gold and 0.34% copper, with a standout 21.34‑metre core of 1.61 g/t gold and 0.49% copper. These grades are comparable to the Sullivan Zone, the project's previously defined core, indicating that Lucky Strike may host a similarly extensive ore body.

Geologically, Lucky Strike shares the same quartz‑monzonite and pyroxenite framework that concentrates gold‑dominant mineralization in the Sullivan Zone. The presence of sub‑vertical structures and footwall copper‑gold halos creates a thick, up‑to‑125‑metre composite zone, offering flexibility for both open‑pit and underground mining scenarios. The zone’s open‑ended nature—extending north, south, and at depth—means that additional drilling could substantially increase the inferred resource, potentially surpassing Sullivan’s size and enhancing the project's overall economics.

Looking ahead, P2 Gold plans to complete an 11,500‑metre RC infill and expansion program, with a revised mineral resource estimate due in the third quarter of 2026. That estimate will underpin a feasibility study slated for the fourth quarter, which will evaluate a 14‑year mine life delivering roughly 109,000 ounces of gold and 15,000 tonnes of copper annually. Coupled with existing infrastructure—paved highway access, on‑site power and water—the project is well positioned to move from exploration to production, a transition that could draw significant investment interest in the growing U.S. copper‑gold sector.