10:11 AM EDT, 04/08/2026 (MT Newswires) -- P2 Gold ( PGLDF ) on Wednesday reported results from an additional ten reverse circulation (RC) drill holes (GBR-092 to 096 and GBR-102 to 106) drilled at the Lucky Strike Zone as part of the Infill and Expansion Drill Program at its Gabbs Project located on the Walker-Lane Trend in Nevada.

The company said that a total of 11,500 meters in 70 RC holes is planned for the Lucky Strike Zone as part of the Infill and Expansion Drill Program.

It added that, on completion of the drilling underway at the Lucky Strike Zone, the RC drill is expected to return to the Sullivan Zone for additional drilling to extend the zone down dip.

Results from drilling to date confirm the Mineral Resource model for the Lucky Strike Zone, stated the company.

The company also provided select drill results from holes GBR-092 to 096 and GBR-102 to 106 drilled at the Lucky Strike Zone. Among them, the company said that Hole GBR-103 intersected 0.66 g/t gold and 0.31% copper over 45.72 meters from 32.00 meters downhole and intersected 0.90 g/t gold and 0.34% copper over 48.77 meters from 88.39 meters downhole, including 21.34 meters grading 1.61 g/t gold and 0.49% copper starting 102.11 meters downhole and also intersected 0.13 g/t gold and 0.16% copper over 25.91 meters starting 137.16 meters downhole.

The company further said that the drill holes GBR-102 to 106 were drilled on the western half of the Lucky Strike Zone and appear to have intersected a higher-grade core of the zone similar to the higher-grade core of the Sullivan Zone. This core area is open for expansion to the north and south, added the company.

The company stated that the available drill data 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. It added that, as with Sullivan, the higher-grade gold and copper at Lucky strike is at the core of the zone and at restricted halos around subvertical structures. This mineralization is gold dominant and gives way to copper-gold mineralization in the footwall of the main mineralized body, added the company.

The company also said the Lucky Strike Zone remains open in all directions and that the drilling is currently focused on the western half of the zone, which measures approximately 700 meters by 500 meters, as defined by current and historical drilling, and is where the relatively shallow mineralization is hosted.

"On completion of the Infill and Expansion Drill Program, an updated Mineral Resource estimate will be prepared for Gabbs, which is expected to be completed in the third quarter of 2026," added the company. "The updated Mineral Resource estimate will form the basis of a feasibility study on placing Gabbs in production, which is expected to be completed in the fourth quarter of 2026."

The company's shares were last seen up $0.075 at $0.735 on the TSX Venture Exchange.

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