P2 Gold Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit within Sullivan PEA Pit Shell

Original announcement by jmn on

Company
P2 Gold Inc.
Ticker
PGLD
Exchange
TSXV
Region
Nevada
Primary commodity
Gold
Secondary commodities
Copper
Document categories
Drill results
Extracted
2026-10-14 10:23:26 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

P2 Gold announced drill results from six RC holes at its Gabbs Project in Nevada, extending gold-copper mineralization downdip in the Sullivan Zone. The program identified a new mineralized unit within the PEA pit shell, previously modeled as waste, which has the potential to reduce the strip ratio and enhance project economics. These results will contribute to an updated Mineral Resource estimate and a feasibility study targeted for completion in Q1 2027.

Reasoning: The drill results extend known mineralization and identify a new mineralized unit within the existing PEA pit shell, which could positively impact project economics by converting waste to resource and reducing the strip ratio. While the reported grades are not exceptionally high compared to historical averages, the strategic implications for resource expansion and the ongoing feasibility study are significant. QA/QC is well-disclosed, but the lack of true width determination introduces some uncertainty.

Positive factors

  • Mineralization extended downdip in the Sullivan Zone
  • New gold-copper mineralized unit identified within the PEA pit shell, previously modeled as waste
  • Potential to reduce strip ratio and improve project economics
  • Drill holes ended in mineralization, indicating potential for further extension
  • QA/QC procedures disclosed, including certified lab and QP sign-off

Negative factors

  • Grades are generally below the project's historical average for both gold and copper
  • True thickness of intercepts is yet to be determined, which may overstate actual widths
  • Copper grades are at the lower end of the typical range for porphyry deposits

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 24

Extracted facts

Stored fact records: 24. Some facts used in scoring do not have a stored record.

Drill Results (24)

GBR-131Gabbs · goldGrade: 0.32Grade Unit: g/tIntercept: 71.63 mView all details
Link to this fact

Identity

Hole ID
GBR-131
Project
Gabbs
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.32
Grade Unit
g/t
Intercept
71.63 m
From
92.96 m
To
164.59 m
Intercept Depth
92.96 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-131:92.96-164.59
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417453
Northing
4292555
Azimuth
0 °
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A moderate length intercept with weak gold grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Intercept length is moderate (71.63 m)
  • Drill hole ended in mineralization

Negative factors

  • Gold grade (0.32 g/t) is weak for open pit gold (below 0.8 g/t economic threshold)
  • True thickness is not determined

Evidence · table

“0.32”

Context: 71.63

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-131Gabbs · copperGrade: 0.17Grade Unit: %Intercept: 71.63 mView all details
Link to this fact

Identity

Hole ID
GBR-131
Project
Gabbs
Commodity
copper
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.17
Grade Unit
%
Intercept
71.63 m
From
92.96 m
To
164.59 m
Intercept Depth
92.96 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-131:92.96-164.59
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417453
Northing
4292555
Azimuth
0 °
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A moderate length intercept with weak copper grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Intercept length is moderate (71.63 m)
  • Drill hole ended in mineralization

Negative factors

  • Copper grade (0.17%) is weak for porphyry (below 0.25% economic threshold)
  • True thickness is not determined

Evidence · table

“0.17”

Context: 71.63

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-131Gabbs · goldGrade: 0.42Grade Unit: g/tIntercept: 19.81 mView all details
Link to this fact

Identity

Hole ID
GBR-131
Project
Gabbs
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.42
Grade Unit
g/t
Intercept
19.81 m
From
175.26 m
To
195.07 m
Intercept Depth
92.96 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-131:175.26-195.07
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417453
Northing
4292555
Azimuth
0 °
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A narrow intercept with weak gold grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Drill hole ended in mineralization

Negative factors

  • Gold grade (0.42 g/t) is weak for open pit gold (below 0.8 g/t economic threshold)
  • True thickness is not determined

Evidence · table

“0.42”

Context: 19.81

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-131Gabbs · copperGrade: 0.2Grade Unit: %Intercept: 19.81 mView all details
Link to this fact

Identity

Hole ID
GBR-131
Project
Gabbs
Commodity
copper
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.2
Grade Unit
%
Intercept
19.81 m
From
175.26 m
To
195.07 m
Intercept Depth
92.96 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-131:175.26-195.07
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417453
Northing
4292555
Azimuth
0 °
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A narrow intercept with weak copper grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Drill hole ended in mineralization

Negative factors

  • Copper grade (0.20%) is weak for porphyry (below 0.25% economic threshold)
  • True thickness is not determined

Evidence · table

“0.20”

Context: 19.81

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-132Gabbs · goldGrade: 0.4Grade Unit: g/tIntercept: 32 mView all details
Link to this fact

Identity

Hole ID
GBR-132
Project
Gabbs
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.4
Grade Unit
g/t
Intercept
32 m
From
117.35 m
To
149.35 m
Intercept Depth
117.35 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-132:117.35-149.35
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417386
Northing
4292653
Azimuth
45 °
Dip
-75 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A narrow intercept with weak gold grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Drill hole ended in mineralization

Negative factors

  • Gold grade (0.40 g/t) is weak for open pit gold (below 0.8 g/t economic threshold)
  • True thickness is not determined

Evidence · table

“0.40”

Context: 32.00

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-132Gabbs · copperGrade: 0.14Grade Unit: %Intercept: 32 mView all details
Link to this fact

Identity

Hole ID
GBR-132
Project
Gabbs
Commodity
copper
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.14
Grade Unit
%
Intercept
32 m
From
117.35 m
To
149.35 m
Intercept Depth
117.35 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-132:117.35-149.35
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417386
Northing
4292653
Azimuth
45 °
Dip
-75 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A narrow intercept with weak copper grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Drill hole ended in mineralization

Negative factors

  • Copper grade (0.14%) is weak for porphyry (below 0.25% economic threshold)
  • True thickness is not determined

Evidence · table

“0.14”

Context: 32.00

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-132Gabbs · goldGrade: 0.1Grade Unit: g/tIntercept: 27.43 mView all details
Link to this fact

Identity

Hole ID
GBR-132
Project
Gabbs
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.1
Grade Unit
g/t
Intercept
27.43 m
From
158.5 m
To
185.93 m
Intercept Depth
117.35 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-132:158.5-185.93
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417386
Northing
4292653
Azimuth
45 °
Dip
-75 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A narrow intercept with very weak gold grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Drill hole ended in mineralization

Negative factors

  • Gold grade (0.10 g/t) is very weak for open pit gold (below 0.3 g/t weak threshold)
  • True thickness is not determined

Evidence · table

“0.10”

Context: 27.43

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-132Gabbs · copperGrade: 0.16Grade Unit: %Intercept: 27.43 mView all details
Link to this fact

Identity

Hole ID
GBR-132
Project
Gabbs
Commodity
copper
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.16
Grade Unit
%
Intercept
27.43 m
From
158.5 m
To
185.93 m
Intercept Depth
117.35 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-132:158.5-185.93
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417386
Northing
4292653
Azimuth
45 °
Dip
-75 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A narrow intercept with weak copper grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Drill hole ended in mineralization

Negative factors

  • Copper grade (0.16%) is weak for porphyry (below 0.25% economic threshold)
  • True thickness is not determined

Evidence · table

“0.16”

Context: 27.43

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-133Gabbs · goldGrade: 0.32Grade Unit: g/tIntercept: 70.1 mView all details
Link to this fact

Identity

Hole ID
GBR-133
Project
Gabbs
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.32
Grade Unit
g/t
Intercept
70.1 m
From
64.01 m
To
134.11 m
Intercept Depth
64.01 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-133:64.01-134.11
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417386
Northing
4292653
Azimuth
225 °
Dip
-75 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A moderate length intercept with weak gold grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Intercept length is moderate (70.10 m)
  • Drill hole ended in mineralization

Negative factors

  • Gold grade (0.32 g/t) is weak for open pit gold (below 0.8 g/t economic threshold)
  • True thickness is not determined

Evidence · table

“0.32”

Context: 70.10

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-133Gabbs · copperGrade: 0.18Grade Unit: %Intercept: 70.1 mView all details
Link to this fact

Identity

Hole ID
GBR-133
Project
Gabbs
Commodity
copper
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.18
Grade Unit
%
Intercept
70.1 m
From
64.01 m
To
134.11 m
Intercept Depth
64.01 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-133:64.01-134.11
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417386
Northing
4292653
Azimuth
225 °
Dip
-75 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A moderate length intercept with weak copper grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Intercept length is moderate (70.10 m)
  • Drill hole ended in mineralization

Negative factors

  • Copper grade (0.18%) is weak for porphyry (below 0.25% economic threshold)
  • True thickness is not determined

Evidence · table

“0.18”

Context: 70.10

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-133Gabbs · goldGrade: 0.21Grade Unit: g/tIntercept: 59.44 mView all details
Link to this fact

Identity

Hole ID
GBR-133
Project
Gabbs
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.21
Grade Unit
g/t
Intercept
59.44 m
From
198.12 m
To
257.56 m
Intercept Depth
64.01 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-133:198.12-257.56
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417386
Northing
4292653
Azimuth
225 °
Dip
-75 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A moderate length intercept with very weak gold grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Intercept length is moderate (59.44 m)
  • Drill hole ended in mineralization

Negative factors

  • Gold grade (0.21 g/t) is very weak for open pit gold (below 0.3 g/t weak threshold)
  • True thickness is not determined

Evidence · table

“0.21”

Context: 59.44

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-133Gabbs · copperGrade: 0.14Grade Unit: %Intercept: 59.44 mView all details
Link to this fact

Identity

Hole ID
GBR-133
Project
Gabbs
Commodity
copper
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.14
Grade Unit
%
Intercept
59.44 m
From
198.12 m
To
257.56 m
Intercept Depth
64.01 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-133:198.12-257.56
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417386
Northing
4292653
Azimuth
225 °
Dip
-75 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A moderate length intercept with weak copper grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Intercept length is moderate (59.44 m)
  • Drill hole ended in mineralization

Negative factors

  • Copper grade (0.14%) is weak for porphyry (below 0.25% economic threshold)
  • True thickness is not determined

Evidence · table

“0.14”

Context: 59.44

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-138Gabbs · goldGrade: 0.15Grade Unit: g/tIntercept: 18.29 mView all details
Link to this fact

Identity

Hole ID
GBR-138
Project
Gabbs
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.15
Grade Unit
g/t
Intercept
18.29 m
From
141.73 m
To
160.02 m
Intercept Depth
141.73 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-138:141.73-160.02
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417551
Northing
4292548
Azimuth
0 °
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A narrow intercept with very weak gold grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Drill hole ended in mineralization

Negative factors

  • Gold grade (0.15 g/t) is very weak for open pit gold (below 0.3 g/t weak threshold)
  • True thickness is not determined

Evidence · table

“0.15”

Context: 18.29

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-138Gabbs · copperGrade: 0.15Grade Unit: %Intercept: 18.29 mView all details
Link to this fact

Identity

Hole ID
GBR-138
Project
Gabbs
Commodity
copper
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.15
Grade Unit
%
Intercept
18.29 m
From
141.73 m
To
160.02 m
Intercept Depth
141.73 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-138:141.73-160.02
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417551
Northing
4292548
Azimuth
0 °
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A narrow intercept with weak copper grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Drill hole ended in mineralization

Negative factors

  • Copper grade (0.15%) is weak for porphyry (below 0.25% economic threshold)
  • True thickness is not determined

Evidence · table

“0.15”

Context: 18.29

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-138Gabbs · goldGrade: 0.14Grade Unit: g/tIntercept: 13.72 mView all details
Link to this fact

Identity

Hole ID
GBR-138
Project
Gabbs
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.14
Grade Unit
g/t
Intercept
13.72 m
From
208.79 m
To
222.5 m
Intercept Depth
141.73 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-138:208.79-222.5
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417551
Northing
4292548
Azimuth
0 °
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A narrow intercept with very weak gold grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Drill hole ended in mineralization

Negative factors

  • Gold grade (0.14 g/t) is very weak for open pit gold (below 0.3 g/t weak threshold)
  • True thickness is not determined

Evidence · table

“0.14”

Context: 13.72

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-138Gabbs · copperGrade: 0.05Grade Unit: %Intercept: 13.72 mView all details
Link to this fact

Identity

Hole ID
GBR-138
Project
Gabbs
Commodity
copper
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.05
Grade Unit
%
Intercept
13.72 m
From
208.79 m
To
222.5 m
Intercept Depth
141.73 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-138:208.79-222.5
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417551
Northing
4292548
Azimuth
0 °
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A narrow intercept with very weak copper grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Drill hole ended in mineralization

Negative factors

  • Copper grade (0.05%) is very weak for porphyry (below 0.15% weak threshold)
  • True thickness is not determined

Evidence · table

“0.05”

Context: 13.72

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-138Gabbs · goldGrade: 0.45Grade Unit: g/tIntercept: 9.14 mView all details
Link to this fact

Identity

Hole ID
GBR-138
Project
Gabbs
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.45
Grade Unit
g/t
Intercept
9.14 m
From
234.7 m
To
243.84 m
Intercept Depth
141.73 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-138:234.7-243.84
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417551
Northing
4292548
Azimuth
0 °
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A narrow intercept with weak gold grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Gold grade (0.45 g/t) is within the weak range for open pit gold (0.3-0.8 g/t)
  • Drill hole ended in mineralization

Negative factors

  • True thickness is not determined

Evidence · table

“0.45”

Context: 9.14

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-138Gabbs · copperGrade: 0.08Grade Unit: %Intercept: 9.14 mView all details
Link to this fact

Identity

Hole ID
GBR-138
Project
Gabbs
Commodity
copper
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.08
Grade Unit
%
Intercept
9.14 m
From
234.7 m
To
243.84 m
Intercept Depth
141.73 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-138:234.7-243.84
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417551
Northing
4292548
Azimuth
0 °
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A narrow intercept with very weak copper grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Drill hole ended in mineralization

Negative factors

  • Copper grade (0.08%) is very weak for porphyry (below 0.15% weak threshold)
  • True thickness is not determined

Evidence · table

“0.08”

Context: 9.14

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-139Gabbs · goldGrade: 0.34Grade Unit: g/tIntercept: 65.53 mView all details
Link to this fact

Identity

Hole ID
GBR-139
Project
Gabbs
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.34
Grade Unit
g/t
Intercept
65.53 m
From
111.25 m
To
176.78 m
Intercept Depth
111.25 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-139:111.25-176.78
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417551
Northing
4292548
Azimuth
225 °
Dip
-75 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A moderate length intercept with weak gold grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Intercept length is moderate (65.53 m)
  • Drill hole ended in mineralization

Negative factors

  • Gold grade (0.34 g/t) is weak for open pit gold (below 0.8 g/t economic threshold)
  • True thickness is not determined

Evidence · table

“0.34”

Context: 65.53

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-139Gabbs · copperGrade: 0.19Grade Unit: %Intercept: 65.53 mView all details
Link to this fact

Identity

Hole ID
GBR-139
Project
Gabbs
Commodity
copper
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.19
Grade Unit
%
Intercept
65.53 m
From
111.25 m
To
176.78 m
Intercept Depth
111.25 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-139:111.25-176.78
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417551
Northing
4292548
Azimuth
225 °
Dip
-75 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A moderate length intercept with weak copper grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Intercept length is moderate (65.53 m)
  • Drill hole ended in mineralization

Negative factors

  • Copper grade (0.19%) is weak for porphyry (below 0.25% economic threshold)
  • True thickness is not determined

Evidence · table

“0.19”

Context: 65.53

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-139Gabbs · goldGrade: 0.1Grade Unit: g/tIntercept: 77.72 mView all details
Link to this fact

Identity

Hole ID
GBR-139
Project
Gabbs
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.1
Grade Unit
g/t
Intercept
77.72 m
From
188.98 m
To
266.7 m
Intercept Depth
111.25 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-139:188.98-266.7
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417551
Northing
4292548
Azimuth
225 °
Dip
-75 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A moderate length intercept with very weak gold grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Intercept length is moderate (77.72 m)
  • Drill hole ended in mineralization

Negative factors

  • Gold grade (0.10 g/t) is very weak for open pit gold (below 0.3 g/t weak threshold)
  • True thickness is not determined

Evidence · table

“0.10”

Context: 77.72

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-139Gabbs · copperGrade: 0.19Grade Unit: %Intercept: 77.72 mView all details
Link to this fact

Identity

Hole ID
GBR-139
Project
Gabbs
Commodity
copper
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.19
Grade Unit
%
Intercept
77.72 m
From
188.98 m
To
266.7 m
Intercept Depth
111.25 m

Classification

Program
mixed
Sample Type
drill
Group ID
GBR-139:188.98-266.7
Mining Method
open_pit

Location

Location
Sullivan Zone
Easting
417551
Northing
4292548
Azimuth
225 °
Dip
-75 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: A moderate length intercept with weak copper grade, but the hole ended in mineralization, suggesting potential for further extension. The true thickness is not yet determined.

Positive factors

  • Intercept length is moderate (77.72 m)
  • Drill hole ended in mineralization

Negative factors

  • Copper grade (0.19%) is weak for porphyry (below 0.25% economic threshold)
  • True thickness is not determined

Evidence · table

“0.19”

Context: 77.72

Tags used in scoring

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an 'Infill and Expansion Drill Program'.

Evidence · text

“Infill and Expansion Drill Program”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that true thickness is to be determined for the reported intervals.

Evidence · table

“True thickness to be determined.”

QA/QC DisclosedRejected · positive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Reason: The release includes QA/QC disclosure mentioning certified lab, multi-digestion with ICP finish, fire assay, blanks, standards, and field duplicates.

Evidence · table

“All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. 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.”

QP/CP SignedRejected · positive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Reason: Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is named as the Qualified Person responsible for the Gabbs Project.

Evidence · text

“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project.”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling extends mineralization 'downdip' and identifies a 'new unit'.

Evidence · text

“Extends Sullivan Zone Mineralization Downdip and Identifies New Mineralized Unit”

PEA-SupportingRejected · neutral · Story-specific tag

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Reason: The new mineralization is within the 'Sullivan PEA Pit Shell' and has potential to reduce the strip ratio for the Sullivan Zone.

Evidence · text

“Identifies New Mineralized Unit within Sullivan PEA Pit Shell”
GBR-140Gabbs · goldGrade: 0.32Grade Unit: g/tIntercept: 51.82 mView all details
Link to this fact

Identity

Hole ID
GBR-140
Project
Gabbs
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.32
Grade Unit
g/t
Intercept
51.82 m
From
94.49 m
To
146.3 m
Intercept Depth
94.49 m

Classification

Sample Type
drill
Group ID
GBR-140:94.49-146.3
Mining Method
open_pit

Location

Azimuth
-60225 °

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Expanded from assay table. 0.32 g/t gold is weak against the open_pit mining band [5, 2, 1, 0.3] g/t. Grade×width 16.6 g/t·m is weak.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.32”

Context: GBR-140

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

GBR-140Gabbs · copperGrade: 0.13Grade Unit: %Intercept: 51.82 mView all details
Link to this fact

Identity

Hole ID
GBR-140
Project
Gabbs
Commodity
copper
Region
usa_nv
Reported Region
usa_nv
Ticker
PGLD

Geometry

Grade
0.13
Grade Unit
%
Intercept
51.82 m
From
94.49 m
To
146.3 m
Intercept Depth
94.49 m

Classification

Sample Type
drill
Group ID
GBR-140:94.49-146.3
Mining Method
open_pit

Location

Azimuth
-60225 °

QA/QC

Laboratory
ALS Global
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Expanded from assay table. 0.13 % copper is below against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 6.7 %·m is below.

Negative factors

  • 0.13 % copper is below the weak threshold (0.25 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.13”

Context: GBR-140

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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.