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P2 Gold: Drilling at Gabbs Intersects 2.30 g/t Gold Equivalent Over 48.77 meters and 2.63 g/t Gold Equivalent Over 38.10 meters
VANCOUVER, British Columbia, Nov. 09, 2021 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) reports results from the first 12 reverse circu
About this update from P2 Gold Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 09, 2021 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) reports results from the first 12 reverse circulation (“RC”) drill holes (GBR-001 to 012) of Phase One drilling at its Gabbs Project located on the Walker-Lane Trend in Nevada. “As anticipated, the first 12 reverse circulation drill holes support our thesis that the historical drilling understated the width and grade of the gold-copper mineralization at Gabbs. Consistent with the diamond drilling results we recently reported, the mineralization intersected in the first 12 RC drill holes is thicker and higher grade than defined by historical drilling,” commented Joe Ovsenek, President and CEO of P2. “There are another 11 RC drill holes from the Sullivan Zone in the lab along with three holes from the Car Body Zone and one hole from the Lucky Strike Zone. We expect to release the results of these holes before year-end.” Select drill results (see Table 1 below for drill results) from holes GBR-001 to GBR-012 include: Hole GBD-008 intersected 0.82 g/t gold equivalent (0.56 g/t gold and 0.23% copper) over 163.07 meters, including 25.90 meters grading 1.50 g/t gold equivalent (1.20 g/t gold and 0.26% copper); Hole GBD-010 intersected 1.62 g/t gold equivalent (1.19 g/t gold and 0.37% copper) over 103.63 meters, including 48.77 meters grading 2.30 g/t gold equivalent (1.76 g/t gold and 0.46% copper); and Hole GBD-012 intersected 1.51 g/t gold equivalent (1.00 g/t gold and 0.44% copper) over 102.11 meters, including 38.10 meters grading 2.63 g/t gold equivalent (1.74 g/t gold and 0.77% copper) and ended in mineralization. The RC program commenced at the northwest extent of the Sullivan Zone, with drill holes GBR-001 to 007 intersecting the footwall lithology where the monzonite host of the high-grade mineralization has been eroded off. However, there are indications it is preserved to the southwest of these holes where there has not been any historical drilling. Future drilling will test for this extension to the mineralization. Drill holes GBR-008 to 012 intersected the intensely sericite-altered monzonite that hosts the high-grade mineralization, with copper–gold mineralization extending well into the underlying chlorite altered pyroxenites. As also seen in the results of the diamond drilling, the grade and thickness of the...