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P2 Gold: BAM Geophysics Identifies Porphyry Exploration Targets
VANCOUVER, British Columbia, Feb. 08, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports the completion of a three
About this update from P2 Gold Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 08, 2023 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) (OTCQB:PGLDF) reports the completion of a three-dimensional geophysical interpretation of the BAM Project, incorporating the results of the natural source magneto-telluric (NSMT) geophysical survey and the Z-Tipper Axis Electromagnetic (ZTEM) airborne geophysical survey conducted in 2022 at its BAM Project. The gold-copper BAM Project is located in the Golden Triangle of northwest British Columbia. BAM Project Three-Dimensional Geophysics Interpretation The initial interpretation by the Company of the combined three-dimensional ZTEM and NSMT inversion model has identified two high priority areas that host gold-copper porphyry exploration targets. These areas are near the Monarch Gold and Jan Copper Zones and are interpreted to be the source of the epithermal systems. The first of these targets lies beneath the gold and copper zones, sits within a 1.5 kilometer offset of the margin of the More Creek Pluton, and is oriented parallel to the structures mapped on surface that control the epithermal gold-copper mineralization. The second anomaly is located approximately 1.5 kilometers east of the surface zones. The geophysics suggests this portion of the More Creek Pluton is made up of a series of stocks feeding a 300 to 400-meter-thick granite sill. The exploration target is adjacent to the contact of one of these stocks, which is also marked by a series of magnetic mafic dykes and local occurrences of gold and copper mineralization in surface grab samples. These two areas represent the highest priority porphyry exploration targets to date and will be drilled early in the 2023 field season. The Company has identified other potential targets, but will require additional field evaluation and/or a ground NSMT survey prior to drilling. A plan view and sections from the three dimensional ZTEM and NSMT inversion model are available here. Geophysics Surveys and Interpretation The NSMT geophysical survey was conducted by Peter E. Walcott & Associates Limited over the western portion of the BAM Project in August 2022. The survey consisted of 10 east-west lines for a total of approximately 23 line-kilometers. The ZTEM airborne geophysical survey was conducted by Geotech Ltd. over the entire BAM Project in July 2022. The survey ...