# P2 Gold: Gabbs Project Exploration Update Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/p2-gold-gabbs-project-exploration-update--c6740b34-13c7-47b0-834a-d24ec20bb0d7 Original source: https://money.tmx.com/en/quote/PGLD/news/5190108115304482/p2-gold-gabbs-project-exploration-update Publisher: tmx Original announcement: 2025-10-02T09:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: P2 Gold Inc. - Ticker: PGLD - Exchange: TSX - Region: Nevada - Primary commodity: Gold - Secondary commodities: Silver, Copper - Document categories: Resource update, Permitting - Extracted: 2026-08-21 05:53:21 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary P2 Gold has received BLM notices of extension to permit drilling at the Gabbs Project in Nevada. The company plans a 4,500-meter drill program to upgrade the Sullivan Zone Inferred resources to the Indicated category. Reasoning: The company is advancing the Gabbs project through permitting and planned resource conversion drilling, though the current resource grades are marginal. - Positive factor: Permitting milestones achieved with BLM notices of extension - Positive factor: Planned drilling to upgrade resource category - Positive factor: Significant existing resource base - Negative factor: Resource grades are relatively low \(0.45 g/t Au Indicated\) Facts used in scoring: 6 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the reported resource is in the Inferred category. Evidence · text > an Inferred Mineral Resource of 1.28 million ounces of gold **QP/CP Signed** Polarity: positive Definition: 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. Why it applies: Ken McNaughton, P.Eng., is named as the Qualified Person responsible for the project. Evidence · text > Qualified Person Ken McNaughton , M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Resource Estimates (6) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/p2-gold-gabbs-project-exploration-update--c6740b34-13c7-47b0-834a-d24ec20bb0d7#fact-resource-facts-0) gold #### Identity - Commodity: gold - Ticker: PGLD #### Resource Data - Category: indicated - Tonnes: 49800000 - Grade: 0.45 - Grade Unit: g/t - Contained Metal: 720000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Indicated resource grade of 0.45 g/t Au is relatively low. - Negative factor: Low grade Evidence · text > Indicated Mineral Resource of 0.72 million ounces of gold... \(49.8 million tonnes grading 0.45 g/t gold...\) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/p2-gold-gabbs-project-exploration-update--c6740b34-13c7-47b0-834a-d24ec20bb0d7#fact-resource-facts-1) silver #### Identity - Commodity: silver - Ticker: PGLD #### Resource Data - Category: indicated - Tonnes: 49800000 - Grade: 1.36 - Grade Unit: g/t - Contained Metal: 2170000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Byproduct silver resource component. Evidence · text > 2.17 million ounces of silver... \(49.8 million tonnes grading... 1.36 g/t silver...\) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/p2-gold-gabbs-project-exploration-update--c6740b34-13c7-47b0-834a-d24ec20bb0d7#fact-resource-facts-2) copper #### Identity - Commodity: copper - Ticker: PGLD #### Resource Data - Category: indicated - Tonnes: 49800000 - Grade: 0.27 - Grade Unit: % - Contained Metal: 297000000 - Contained Unit: lb #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Byproduct copper resource component. Evidence · text > 297.0 million pounds of copper... \(49.8 million tonnes grading... 0.27% copper\) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/p2-gold-gabbs-project-exploration-update--c6740b34-13c7-47b0-834a-d24ec20bb0d7#fact-resource-facts-3) gold #### Identity - Commodity: gold - Ticker: PGLD #### Resource Data - Category: inferred - Tonnes: 112200000 - Grade: 0.35 - Grade Unit: g/t - Contained Metal: 1280000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Inferred resource grade of 0.35 g/t Au is low. - Negative factor: Low grade - Negative factor: Inferred category Evidence · text > Inferred Mineral Resource of 1.28 million ounces of gold... \(112.2 million tonnes grading 0.35 g/t gold...\) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/p2-gold-gabbs-project-exploration-update--c6740b34-13c7-47b0-834a-d24ec20bb0d7#fact-resource-facts-4) silver #### Identity - Commodity: silver - Ticker: PGLD #### Resource Data - Category: inferred - Tonnes: 112200000 - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 3040000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Byproduct silver resource component. Evidence · text > 3.04 million ounces of silver... \(112.2 million tonnes grading... 0.84 g/t silver...\) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/p2-gold-gabbs-project-exploration-update--c6740b34-13c7-47b0-834a-d24ec20bb0d7#fact-resource-facts-5) copper #### Identity - Commodity: copper - Ticker: PGLD #### Resource Data - Category: inferred - Tonnes: 112200000 - Grade: 0.23 - Grade Unit: % - Contained Metal: 567100000 - Contained Unit: lb #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Byproduct copper resource component. Evidence · text > 567.1 million pounds of copper... \(112.2 million tonnes grading... 0.23% copper\) ## 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.