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P2 Gold Intersects 1.49 g/t Gold over 44.94 meters From Surface at BAM
VANCOUVER, British Columbia, Aug. 22, 2022 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD), reports results from the first drill holes (BA
About this update from P2 Gold Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 22, 2022 (GLOBE NEWSWIRE) -- P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD), reports results from the first drill holes (BAM-007 to 015) of the 2022 Drill Program at its gold-copper BAM Project located in the Golden Triangle in northwest British Columbia. “The 2022 Drill Program is off to a great start at BAM with two drills turning and 6,100 meters completed in 45 holes,” commented Joe Ovsenek, President and CEO of P2. “These initial 2022 results are highly encouraging and follow up on the four 2021 holes which led to the discovery of the Monarch Gold Zone. Each new drill hole adds more to our geologic understanding as we work to expand the near-surface epithermal mineralization, and once we have the deep geophysics in hand, we will start to target and test for the source.” BAM Project Drill Results Select drill results (see Table 1 below for drill results) from holes BAM-007 to BAM-015 drilled at the BAM Project include: Hole BAM-007 intersected 1.49 g/t gold and 2.71 g/t silver over 44.94 meters, including 12.00 meters grading 2.19 g/t gold and 3.92 g/t silver; and Hole BAM-008 intersected 1.13 g/t gold and 3.32 g/t silver over 33.25 meters, including 4.50 meters grading 2.56 g/t gold and 6.12 g/t silver. These first holes were drilled along a section line running east to west to follow up on 2021 drilling and expand the understanding of the BAM geology. This drilling has defined a horst, or uplifted block of the underlying dolostone surrounded by siltstones, mudstones, and conglomerates to the east and just siltstones and mudstones to the west. Selective layers within these sediments have seen multiple episodes of brecciation, silicification and intense sericite alteration. There were also several episodes of pyrite mineralization, including a late-stage breccia fill event that appears to correlate with the higher-grade mineralization. Drilling completed after hole BAM-015 has defined numerous structures that were active either during and/or after the mineralization event. It is anticipated that the identification of gradients within the mineralization from assay data may establish that some of these structures are part of the feeder system for the surface mineralization. Plan maps and sections for drill holes BAM-007 to 015 of the 2022 BAM Drill Program are available here. PDF.js viewer...