VANCOUVER, BC, July 6, 2026 /CNW/ - P2 Gold Inc. ("P2" or the "Company") (TSXV: PGLD) (OTCQB: PGLDF) reports results from three diamond drill holes (GBD-018, GBD-022 and GBD-039) drilled at the Lucky Strike Zone as part of the Pit Slope Stability Geotech Drill Program at its Gabbs Project located on the Walker-Lane Trend in Nevada. All three drill holes were drilled at the margins of the planned open pit (based on the preliminary economic assessment*), and all three drill holes intersected gold-copper mineralization highlighting that the Lucky Strike Zone remains open in all directions and continues to grow in size.
Initial infill and expansion drill plans for the Lucky Strike Zone contemplated 14,900 meters of drilling. With the discovery of the higher-grade core of gold-copper mineralization in the western half of the Lucky Strike Zone, an additional 15,000-meters of reverse circulation ("RC") drilling is now planned, initially targeting this higher-grade core area to the north and the south. The planned drilling is in keeping with the Company's primary focus on the shallower mineralization in the western half of the Lucky Strike Zone. Once the western half of the Lucky Strike Zone is well defined, the focus of drilling will then switch to expanding the mineralization to the northeast and southeast. The results of the additional planned drilling at the Lucky Strike Zone, which remains open in all directions, are intended to be included in the Gabbs Project feasibility study Mineral Resource estimate.
Drilling Highlights
Select drill results (see Table 1 below for drill results) from holes GBD-018, GBD-022 and GBD-039 drilled at the Lucky Strike Zone include:
• Hole GBD-022 intersected 0.44 g/t gold and 0.36% copper over 25.91 meters from 144.78 meters downhole, including 16.76 meters grading 0.54 g/t gold and 0.43% copper starting 147.83 meters downhole and also intersected 0.12 g/t gold and 0.21% copper over 22.86 meters starting 170.69 meters downhole;
• Hole GBD-039 intersected 0.50 g/t gold and 0.20% copper over 123.44 meters starting 166.12 meters downhole, including 16.76 meters grading 0.90 g/t gold and 0.30% copper starting 239.27 meters downhole;
The available drill data also confirms that the ore controls at Lucky Strike are the same as at the Sullivan Zone where mineralization is localized within and below a tabular unit of quartz monzonite underlain by pyroxenite. As with Sullivan, the higher-grade gold and copper at Lucky strike is at the core of the zone. This mineralization is gold dominant and gives way to copper-gold mineralization in the footwall of the main mineralized body. At Lucky Strike, the deeper footwall mineralization ranges in thickness from 20 meters to 60 meters and with the main mineralized body ranging up to 75 meters thick, forms a zone with a combined thickness of up to 125 meters. Numerous quartz-filled structures that outcrop and cut across the Lucky Strike Zone were exploited historically as narrow, high-grade pits and shallow workings.