P2 Gold Gabbs Project Update: Feasibility Study on Track
Original announcement by orestocks on
- Company
- P2 Gold Inc.
- Ticker
- PGLD.V
- Exchange
- Unavailable
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Copper, Silver
- Document categories
- Metallurgy, Permitting, Other
- Extracted
- 2026-09-21 09:47:21 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
P2 Gold provides an update on the Gabbs Project, stating that the feasibility study is on track for completion in Q1 2027. The company outlines a phased production approach involving both heap leach and mill facilities, noting higher expected recoveries for sulphide ore through milling.
Reasoning: The update provides significant operational and metallurgical guidance for the upcoming feasibility study, though it lacks new assay results or a completed resource estimate.
Positive factors
- Feasibility study on track for Q1 2027
- Increased mill throughput planned for year 3
- Higher estimated recoveries for sulphide mineralization via milling
- Successful expansion of known mineralization
Negative factors
- Metallurgical results still pending for Q4
Facts used in scoring: 4
Classification and evidence
Resource Updateneutral · Story-specific tag
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The company announced an updated Mineral Resource estimate is on track for Q4 2026.
Evidence · text
“Updated Mineral Resource estimate will incorporate all drilling to date and is expected to be completed in the fourth quarter of 2026.”
QA/QC Disclosedpositive · Story-specific tag
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release names a Qualified Person (Ken McNaughton) who has reviewed and approved the technical information.
Evidence · text
“Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Qualified Person”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: the document describes a heap_leach route ("heap leach")
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 2 distinct composites were tested
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Metallurgical Results (4)
Fact 1Gabbs Project · goldRecovery: 94.5 %View all detailsHide details
Identity
- Project
- Gabbs Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD.V
Test Work
- Program Status
- scoping
- Sample
- sulphide mineralization (milling)
Recovery
- Recovery
- 94.5 %
- Recovery Basis
- unspecified
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: 94.5% gold recovery for milling sulphide ore is a strong estimate for feasibility planning.
Positive factors
- High recovery estimate for sulphide ore
Evidence · text
“Recoveries for milling the sulphide mineralization are estimated to be 94.5% for gold”
Fact 2Gabbs Project · copperRecovery: 79.9 %View all detailsHide details
Identity
- Project
- Gabbs Project
- Commodity
- copper
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD.V
Test Work
- Program Status
- scoping
- Sample
- sulphide mineralization (milling)
Recovery
- Recovery
- 79.9 %
- Recovery Basis
- unspecified
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: 79.9% copper recovery via milling is a solid estimate for sulphide ore.
Positive factors
- Significant increase over heap leach recovery
Evidence · text
“and 79.9% for copper”
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 79.9% is below the weak band (80%)
Fact 3Gabbs Project · goldRecovery: 85 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gabbs Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD.V
Test Work
- Program Status
- scoping
- Sample
- oxide mineralization (heap leach)
Recovery
- Recovery
- 85 %
- Recovery Basis
- unspecified
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-07T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: 85% gold recovery for heap leaching oxide is standard but lower than the mill route.
Negative factors
- Lower recovery compared to milling
Evidence · text
“estimated to be 85% for gold”
Fact 4Gabbs Project · copperRecovery: 67 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gabbs Project
- Commodity
- copper
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD.V
Test Work
- Program Status
- scoping
- Sample
- oxide mineralization (heap leach)
Recovery
- Recovery
- 67 %
- Recovery Basis
- unspecified
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-07T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: 67% copper recovery via heap leach is expected for oxide ore but is lower than milling.
Negative factors
- Relatively low copper recovery
Evidence · text
“and 67% for copper”
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 67% is below the weak band (80%)
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.