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P2 Gold Drilling at Gabbs Intersects 2.96 g/t Gold Over 22.86 meters, including 5.0 g/t Gold Over 12.19 meters
VANCOUVER, British Columbia, March 29, 2022 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) reports results from the first four reverse ci
About this update from P2 Gold Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, March 29, 2022 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) reports results from the first four reverse circulation (“RC”) drill holes (GBR-032 to 035) of the initial 2022 Drill Program at its Gabbs Project located on the Walker-Lane Trend in Nevada. “Following upon the success of our 2021 drill program at Gabbs, we completed a 22-hole, 4,000-meter RC drill program at Gabbs in January and February of this year. This drilling focused on extensions to the Car Body and Sullivan Zones and infill and extensions to the Lucky Strike Zone,” commented Joe Ovsenek, President and CEO of P2. “As we set our sights on delivering a preliminary economic assessment on Gabbs in the fourth quarter of this year, we will turn our attention to expanding the oxide mineralization in future drill programs, which will be the first to be accessed in a mine plan.” The initial 2022 Drill Program commenced at the Car Body Zone and then moved to the Sullivan and Lucky Strike zones before returning to the Car Body Zone to finish the program. Select drill results (see Table 1 below for drill results) from holes GBR-032 to GBR-035 drilled at the Car Body Zone include: Hole GBR-033 intersected 2.96 g/t gold over 22.86 meters, including 12.19 meters grading 5.00 g/t gold; and Hole GBR-035 intersected 1.13 g/t gold over 39.62 meters, including 13.72 meters grading 2.73 g/t gold, and 0.51 g/t gold over 28.96 meters. Drill holes GBR-032 to 035 were designed to test for structural controls on the mineralization at the Car Body Zone, which is the smallest tonnage, but highest-grading gold zone on the property. The gold at Car Body is interpreted to be low-sulphidation epithermal mineralization and is open in all directions. These initial four holes have confirmed the results from the historical drilling at Car Body and have locally expanded the mineral intersections. The ore controls appear to be related to a set of steeply dipping, east-west quartz stock work typical of the Walker Lane Trend. Two north – south oriented holes were completed at the end of the program to test for this stockwork. Higher density drilling is expected to intersect more mineralization with the net effect of expanding the bulk tonnage resources. Plan maps and sections for drill holes GBR-032 to 035 of the initial 2022 Gabbs dr...