07:20 AM EDT, 04/03/2025 (MT Newswires) -- P2 Gold ( PGLDF ) on Thursday said it has obtained sample assay results from the Sullivan Zone at the Gabbs project in Nevada, saying that a Phase Three metallurgical program is underway.

A 338-kilogram panel sample measuring about 1 meter by 30 meters was collected across the exposed oxide mineralization in a 10-meter-deep historic excavation at the Sullivan Zone.

The remaining low, medium and high-grade samples from drill core used in previous metallurgical programs were composited into one sample.

The ongoing Phase Three metallurgical program is focused on increasing copper and gold recoveries of the oxide mineralization. Initial results are expected early in the third quarter.

"The assay results of the sample collected at the Sullivan Zone support our enthusiasm and conviction for continuing to advance the Gabbs Project forward toward production," said Joe Ovsenek, president and CEO of P2. "Moreover, based on the results of our prior testwork, we expect the next phase of our metallurgical program to deliver a meaningful increase in copper recoveries as well as an increase in gold recoveries, a direct boost to the project's bottom line."