# P2 Gold Gabbs Project Update: Feasibility Study on Track

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/p2-gold-gabbs-project-update-feasibility-study-on-track--58453fa8-a973-4774-9766-1794f1613833

Original source: https://orestocks.com/company/PGLD.V/press-releases/7761905567476659

Publisher: orestocks

Original announcement: 2026-09-21T09:01:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-21T09:47:20.535Z

Atlas analysis updated: 2026-09-21T09:47:20.535Z

- 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

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas 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 factor: Feasibility study on track for Q1 2027

- Positive factor: Increased mill throughput planned for year 3

- Positive factor: Higher estimated recoveries for sulphide mineralization via milling

- Positive factor: Successful expansion of known mineralization

- Negative factor: Metallurgical results still pending for Q4

Facts used in scoring: 4

## Classification and evidence

**Resource Update**

Polarity: neutral

Story-specific tag

Definition: 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 Disclosed**

Polarity: positive

Story-specific tag

Definition: 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 Route**

Polarity: neutral

Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: the document describes a heap\_leach route \("heap leach"\)

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: the document describes a flotation route \("flotation"\)

**Multi-Domain Tested**

Polarity: positive

Definition: 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 1

[Link to this fact](https://atlas-staging.minestarters.com/news/p2-gold-gabbs-project-update-feasibility-study-on-track--58453fa8-a973-4774-9766-1794f1613833#fact-metallurgical-facts-0)

Gabbs Project · gold

#### 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 factor: High recovery estimate for sulphide ore

Evidence · text

> Recoveries for milling the sulphide mineralization are estimated to be 94.5% for gold

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/p2-gold-gabbs-project-update-feasibility-study-on-track--58453fa8-a973-4774-9766-1794f1613833#fact-metallurgical-facts-1)

Gabbs Project · copper

#### 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 factor: Significant increase over heap leach recovery

Evidence · text

> and 79.9% for copper

#### Tags used in scoring

**Low Recovery**

Polarity: negative

Definition: Recovery below the weak band for the commodity and processing route.

Why it applies: 79.9% is below the weak band \(80%\)

### Fact 3

[Link to this fact](https://atlas-staging.minestarters.com/news/p2-gold-gabbs-project-update-feasibility-study-on-track--58453fa8-a973-4774-9766-1794f1613833#fact-metallurgical-facts-2)

Gabbs Project · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: Lower recovery compared to milling

Evidence · text

> estimated to be 85% for gold

### Fact 4

[Link to this fact](https://atlas-staging.minestarters.com/news/p2-gold-gabbs-project-update-feasibility-study-on-track--58453fa8-a973-4774-9766-1794f1613833#fact-metallurgical-facts-3)

Gabbs Project · copper

Historical result

Needs review: historical\_restatement

#### 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 factor: Relatively low copper recovery

Evidence · text

> and 67% for copper

#### Tags used in scoring

**Low Recovery**

Polarity: negative

Definition: 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.