# 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...

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de

Original source: https://www.newswire.ca/news-releases/p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-accelerate-mining-and-cash-flow-gabbs-project-update-834017891.html

Publisher: cnw

Original announcement: 2026-08-25T21:30:56.317Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas 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 factor: positive leach kinetics in Car Body Zone

- Positive factor: drill results confirm mineralization continuity

- Positive factor: feasibility study on track

- Negative factor: true thickness for new drill intercepts not yet determined

Facts used in scoring: 27

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: 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 Route**

Polarity: neutral

Definition: 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 Resource**

Polarity: negative

Definition: 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 1

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-drill-facts-0)

Gabbs Project · gold

#### 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 factor: High gold recovery at 73 days

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-drill-facts-1)

Car Body Zone · gold

#### 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 3

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-drill-facts-2)

Car Body Zone · silver

#### 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 4

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-drill-facts-3)

Car Body Zone · gold

#### 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 5

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-drill-facts-4)

Car Body Zone · silver

#### 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)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-5)

gold

#### 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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-6)

silver

#### 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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-7)

copper

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-8)

gold

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-9)

silver

Historical result

Needs review: historical\_restatement

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-10)

copper

#### 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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-11)

gold

#### 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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-12)

silver

#### 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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-13)

copper

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-14)

gold

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-15)

silver

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-16)

copper

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-17)

gold

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-18)

silver

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-19)

copper

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-20)

gold

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-21)

silver

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-22)

copper

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-23)

gold

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-24)

silver

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-25)

gold

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/17-10-et-p2-gold-car-body-zone-metallurgy-and-drill-results-support-plans-to-acc--16c8f0f7-67c0-42c3-9cb2-c97fbf3c32de#fact-resource-facts-26)

silver

#### 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.