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P2 Gold Project Updates: BAM Drilling Results and Gabbs PEA Update
P2 Gold Project Updates: BAM Drilling Results and Gabbs PEA Update Canada NewsWire ...
About this update from P2 Gold Inc.
[{"type":"text","content":"\n \n \n \n P2 Gold Project Updates: BAM Drilling Results and Gabbs PEA Update\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n \n Sept. 8, 2023\n \n \n /CNW/\n \n - P2 Gold Inc.\n \n (\"P2\" or the \"Company\") (TSXV: PGLD) (OTCQB: PGLDF) reports that it has received the results from the two drill holes completed during the 2023 exploration program at its gold-copper BAM Project located in the Golden Triangle of northwest\n \n British Columbia\n \n and that an updated preliminary economic assessment on its Gabbs Project in\n \n Nevada\n \n is nearing completion.\n \n \n \n \n \n \n \n \n \n \n BAM Project\n \n \n \n Drill hole BAM-102, drilled to a depth of 509.0 meters, and drill hole BAM-103, drilled to a depth of 404.1 meters targeted geophysics targets believed to be potential feeder zones for surface mineralization below the Monarch Gold Zone and Jan Copper Zone, respectively. The holes did not intersect significant mineralization; however, age dating of drill core has determined that the Jan Copper Zone mineralization is likely related to intrusives dating 321 million years while the Monarch Gold Zone is hosted in Late Triassic rocks and must be younger than 220 million years old. Accordingly, additional geological work is required to determine the sources of these two mineralized zones which will include further exploration of the recently acquired Ball Creek property located immediately north of the original BAM property.\n \n \n \n Gabbs Project\n \n \n \n Following the announcement of the results of the\n \n Gabbs\n \n preliminary economic assessment on\n \n June 29, 2023\n \n (the \"June PEA\"), the Company retained Kappes Cassiday & Associates of\n \n Reno, Nevada\n \n and P&E Mining Consultants of\n \n Brampton, Ontario\n \n to prepare an updated preliminary economic assessment (the \"Updated PEA\") on the Gabbs Project. The Updated PEA contemplates the development of oxide and sulphide mineralization with processing at a rate of six million tonnes per annum in contrast ...