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4 stories mentioning PGLD.VUpdated just now

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Mining & Metals

P2 Gold Drilling Confirms Sullivan Zone Remains Open for Expansion

P2 Gold (PGLD.V) reported results from five diamond drill holes that intersected gold-copper mineralization at the Sullivan Zone of the Gabbs Project in Nevada.The mineral exploration and development company said Thursday the results confirmed that the Sullivan Zone is open for expansion down dip and growth.Highlights of the results include 0.50 grams per tonne gold and 0.27% copper over 140.21 meters from 99.36 m downhole, including 24.38 m grading 0.93 g/t gold and 0.49% copper starting 143.56 m downhole.For down dip mineralization, the company has planned a 7,500-meter reverse circulation drill program, which will be included in the Gabbs Project feasibility study mineral resource estimate.

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Mining & Metals

P2 Gold Posts Results Confirming Potential for Expansion at Lucky Strike Zone of Gabbs Project

P2 Gold (PGLD.V) reported results from the Lucky Strike Zone as part of a drill program at the Gabbs project in Nevada, confirming that the zone continues to host high potential for expansion, the company said in a Wednesday release.Visible gold was encountered in drill hole GBD-021, a 100-meter step out to the south into an area with no historical drilling.Highlights of the results include 1.04 grams per tonne gold and 0.35% copper over 53.34 m, including 19.81 m grading 1.93 g/t gold and 0.44% copper and including 1.52 m grading 183.0 g/t gold and 4.0% copper.Drill holes GBD-021 and GBD-029 to 031 were drilled on the western half of the Lucky Strike Zone and confirm and extend the higher-grade core area of mineralization at the zone.On completion of the drill program, an updated mineral resource estimate will be prepared for Gabbs, scheduled for completion in the third quarter. The updated MRE will form the basis of a feasibility study on placing Gabbs in production, scheduled for completion in the fourth quarter.

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Mining & Metals

P2 Gold Reports Latest Drill Results from Lucky Strike Zone in Nevada

P2 Gold (PGLD.V) provided Monday the results from an additional 10 reverse circulation drill holes at the Lucky Strike Zone within the Gabbs project in Nevada.Highlights include 0.69 grams per tonne (g/t) gold and 0.25% copper over 74.68 meters, including 1.32 g/t gold and 0.38% copper over 30.48 meters.Drill data confirmed that higher-grade gold and copper is at the core of Lucky Strike, which could be potentially larger than the Sullivan zone.The Lucky Strike zone remains open in all directions, P2 Gold said.P2 Gold expects to complete an updated resource estimate on Gabbs in the third quarter, while a feasibility study expected in the fourth quarter.

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Mining & Metals

P2 Gold Raising C$7.5 Million to Advance Gabbs Project in Nevada

P2 Gold (PGLD.V) said Wednesday that it is raising C$7.5 million in a private placement to Quaternary Group to fund exploration and development expenditures at the Gabbs project in Nevada.The company will also use the proceeds for general corporate purposes.P2 said it will issue 10 million units priced at $0.75 apiece. Each unit will consist of one common share and one common share purchase warrant. Each warrant can be exercised at $1.50 per common share for two years.On completion of the offering, Quaternary Group is expected to increase its P2 stake to 16.0% from 11.4% on a diluted basis and 8.7% from 5.7% on a non-diluted basis.

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