17:10 ET P2 Gold: Car Body Zone Metallurgy and Drill Results Support Plans to Accelerate Mining and Cash Flow; Gabbs Project Update P2 Gold Inc. ("P2" or the "Company") (TSXV: PGLD) (OTCQB: PGLDF) reports results from three diamond drill holes (GBD-011, GBD-013 and GBD-014) and...
Original announcement by cnw on
- Company
- P2 Gold Inc.
- Ticker
- PGLD
- Exchange
- Unavailable
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Copper, Silver
- Document categories
- Drill results, Metallurgy, Resource update
- Extracted
- 2026-08-25 21:33:32 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
P2 Gold reported metallurgical test results for the Car Body Zone showing strong gold recovery (up to 95.6% at 73 days) via heap leach. The company also released drill results from three holes (GBD-011, GBD-013, GBD-014) and provided an update on the Gabbs Project feasibility study and upcoming mineral resource estimate.
Reasoning: The announcement provides a combination of metallurgical validation for the Car Body Zone (supporting early cash flow) and new drill results, alongside a project update. While drill grades are moderate, the metallurgical results are a key de-risking step for the feasibility study.
Positive factors
- positive leach kinetics in Car Body Zone
- drill results confirm mineralization continuity
- feasibility study on track
Negative factors
- true thickness for new drill intercepts not yet determined
Facts used in scoring: 27
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions blanks, standards, and duplicates, and names ALS Global.
Evidence · text
“One in 20 samples was blank, one in 20 was a standard sample, and one in 20 samples had a sample cut from assay rejects assayed as a field duplicate.”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: The company plans to use a portable carbon-in-column plant for heap leaching Car Body Zone mineralization.
Evidence · text
“allow the stacking and irrigating of Car Body Zone mineralization as soon as sufficient liner has been placed at the planned heap leach facility”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Car Body Zone resource is entirely in the Inferred category.
Evidence · table
“Inferred Oxide”
Context: Car Body Zone Mineral Resource Estimate
Extracted facts
Stored fact records: 27. Some facts used in scoring do not have a stored record.
Drill Results (5)
Fact 1Gabbs Project · goldView all detailsHide details
Identity
- Project
- Gabbs Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD
QA/QC
- Laboratory
- Kappes, Cassiday & Associates
- QA/QC Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Strong gold recovery results for oxide mineralization via column leach.
Positive factors
- High gold recovery at 73 days
Fact 2Car Body Zone · goldGrade: 0.93Grade Unit: g/tView all detailsHide details
Identity
- Project
- Car Body Zone
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD
Geometry
- Grade
- 0.93
- Grade Unit
- g/t
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred oxide resource for Car Body Zone.
Fact 3Car Body Zone · silverGrade: 0.35Grade Unit: g/tView all detailsHide details
Identity
- Project
- Car Body Zone
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD
Geometry
- Grade
- 0.35
- Grade Unit
- g/t
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred oxide silver resource for Car Body Zone.
Fact 4Car Body Zone · goldGrade: 0.75Grade Unit: g/tView all detailsHide details
Identity
- Project
- Car Body Zone
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD
Geometry
- Grade
- 0.75
- Grade Unit
- g/t
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred sulphide resource for Car Body Zone.
Fact 5Car Body Zone · silverGrade: 0.37Grade Unit: g/tView all detailsHide details
Identity
- Project
- Car Body Zone
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD
Geometry
- Grade
- 0.37
- Grade Unit
- g/t
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred sulphide silver resource for Car Body Zone.
Resource Estimates (22)
indicatedgoldTonnes: 33700000Grade: 0.502Grade Unit: m ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- PGLD
Resource Data
- Category
- indicated
- Tonnes
- 33700000
- Grade
- 0.502
- Grade Unit
- m oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Moderate grade intercept over a significant width. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.502”
Context: 33.7
indicatedsilverTonnes: 33700000Grade: 1.6Grade Unit: m ozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PGLD
Resource Data
- Category
- indicated
- Tonnes
- 33700000
- Grade
- 1.6
- Grade Unit
- m oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Moderate grade intercept over a significant width. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“1.6”
Context: 33.7
indicatedcopperTonnes: 33700000Grade: 196.6Grade Unit: m lbsView all detailsHide details
Identity
- Commodity
- copper
- Ticker
- PGLD
Resource Data
- Category
- indicated
- Tonnes
- 33700000
- Grade
- 196.6
- Grade Unit
- m lbs
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Moderate grade intercept over a significant width. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“196.6”
Context: 33.7
inferredgoldTonnes: 6200000Grade: 0.073Grade Unit: m ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- PGLD
Resource Data
- Category
- inferred
- Tonnes
- 6200000
- Grade
- 0.073
- Grade Unit
- m oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred oxide resource for Car Body Zone. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.073”
Context: 6.2
inferredsilverTonnes: 6200000Grade: 0.2Grade Unit: m ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PGLD
Resource Data
- Category
- inferred
- Tonnes
- 6200000
- Grade
- 0.2
- Grade Unit
- m oz
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-12T00:00:00.000Z
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred oxide resource for Car Body Zone. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.2”
Context: 6.2
inferredcopperTonnes: 6200000Grade: 31.3Grade Unit: m lbsView all detailsHide details
Identity
- Commodity
- copper
- Ticker
- PGLD
Resource Data
- Category
- inferred
- Tonnes
- 6200000
- Grade
- 31.3
- Grade Unit
- m lbs
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred oxide resource for Car Body Zone. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“31.3”
Context: 6.2
indicatedgoldTonnes: 16100000Grade: 0.22Grade Unit: m ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- PGLD
Resource Data
- Category
- indicated
- Tonnes
- 16100000
- Grade
- 0.22
- Grade Unit
- m oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Moderate grade intercept over a significant width. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.220”
Context: 16.1
indicatedsilverTonnes: 16100000Grade: 0.6Grade Unit: m ozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PGLD
Resource Data
- Category
- indicated
- Tonnes
- 16100000
- Grade
- 0.6
- Grade Unit
- m oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Moderate grade intercept over a significant width. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.6”
Context: 16.1
indicatedcopperTonnes: 16100000Grade: 100.4Grade Unit: m lbsView all detailsHide details
Identity
- Commodity
- copper
- Ticker
- PGLD
Resource Data
- Category
- indicated
- Tonnes
- 16100000
- Grade
- 100.4
- Grade Unit
- m lbs
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Moderate grade intercept over a significant width. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“100.4”
Context: 16.1
inferredgoldTonnes: 19900000Grade: 0.242Grade Unit: m ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- PGLD
Resource Data
- Category
- inferred
- Tonnes
- 19900000
- Grade
- 0.242
- Grade Unit
- m oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred oxide resource for Car Body Zone. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.242”
Context: 19.9
inferredsilverTonnes: 19900000Grade: 0.8Grade Unit: m ozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PGLD
Resource Data
- Category
- inferred
- Tonnes
- 19900000
- Grade
- 0.8
- Grade Unit
- m oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred oxide resource for Car Body Zone. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.8”
Context: 19.9
inferredcopperTonnes: 19900000Grade: 122.9Grade Unit: m lbsView all detailsHide details
Identity
- Commodity
- copper
- Ticker
- PGLD
Resource Data
- Category
- inferred
- Tonnes
- 19900000
- Grade
- 122.9
- Grade Unit
- m lbs
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred oxide resource for Car Body Zone. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“122.9”
Context: 19.9
inferredgoldTonnes: 35900000Grade: 0.488Grade Unit: m ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- PGLD
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 0.488
- Grade Unit
- m oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred oxide resource for Car Body Zone. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.488”
Context: 35.9
inferredsilverTonnes: 35900000Grade: 1.1Grade Unit: m ozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PGLD
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 1.1
- Grade Unit
- m oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred oxide resource for Car Body Zone. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“1.1”
Context: 35.9
inferredcopperTonnes: 35900000Grade: 187.1Grade Unit: m lbsView all detailsHide details
Identity
- Commodity
- copper
- Ticker
- PGLD
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 187.1
- Grade Unit
- m lbs
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred oxide resource for Car Body Zone. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“187.1”
Context: 35.9
inferredgoldTonnes: 33300000Grade: 0.352Grade Unit: m ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- PGLD
Resource Data
- Category
- inferred
- Tonnes
- 33300000
- Grade
- 0.352
- Grade Unit
- m oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred oxide resource for Car Body Zone. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.352”
Context: 33.3
inferredsilverTonnes: 33300000Grade: 0.9Grade Unit: m ozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PGLD
Resource Data
- Category
- inferred
- Tonnes
- 33300000
- Grade
- 0.9
- Grade Unit
- m oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred oxide resource for Car Body Zone. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.9”
Context: 33.3
inferredcopperTonnes: 33300000Grade: 177.5Grade Unit: m lbsView all detailsHide details
Identity
- Commodity
- copper
- Ticker
- PGLD
Resource Data
- Category
- inferred
- Tonnes
- 33300000
- Grade
- 177.5
- Grade Unit
- m lbs
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred oxide resource for Car Body Zone. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“177.5”
Context: 33.3
inferredgoldTonnes: 3.2Grade: 0.096Grade Unit: m ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- PGLD
Resource Data
- Category
- inferred
- Tonnes
- 3.2
- Grade
- 0.096
- Grade Unit
- m oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred oxide resource for Car Body Zone. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.096”
Context: 3.2
inferredsilverTonnes: 3.2Grade: 0.35Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PGLD
Resource Data
- Category
- inferred
- Tonnes
- 3.2
- Grade
- 0.35
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred oxide resource for Car Body Zone. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.35”
Context: 3.2
inferredgoldTonnes: 1.1Grade: 0.027Grade Unit: m ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- PGLD
Resource Data
- Category
- inferred
- Tonnes
- 1.1
- Grade
- 0.027
- Grade Unit
- m oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred oxide resource for Car Body Zone. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.027”
Context: 1.1
inferredsilverTonnes: 1.1Grade: 0.37Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PGLD
Resource Data
- Category
- inferred
- Tonnes
- 1.1
- Grade
- 0.37
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Inferred oxide resource for Car Body Zone. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.37”
Context: 1.1
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.