# P2 Gold: Gabbs Project Exploration Update Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/p2-gold-gabbs-project-exploration-update--a314cac8-dfdb-4aff-bf80-aeb5c01159b3 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, Other - Extracted: 2026-09-12 19:05:14 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary P2 Gold has received BLM permits to commence a 4,500-meter drilling program at the Gabbs Project in Nevada, targeting the Sullivan Zone. The company aims to upgrade Inferred resources to the Indicated category and noted that the project currently holds significant gold, silver, and copper resources. Reasoning: The announcement provides a status update on permitting and upcoming exploration drilling to upgrade resource confidence, while restating existing resource figures from a May 2024 technical report. - Positive factor: Permits received for Sullivan and Lucky Strike Zones - Positive factor: Planned 4,500m drill program to upgrade Sullivan Zone resources - Positive factor: Sullivan Zone remains open in all directions - Positive factor: Existing Indicated and Inferred resources established 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: The Sullivan Zone Inferred Mineral Resources are the target for the upcoming 4,500m drill program. Evidence · text > expand and upgrade the Sullivan Zone Inferred Mineral Resources to the Indicated category **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-extractions.minestarters.com/news/p2-gold-gabbs-project-exploration-update--a314cac8-dfdb-4aff-bf80-aeb5c01159b3#fact-resource-facts-0) Gabbs Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gabbs Project - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: PGLD #### Resource scope - Estimate type: resource - Resource group id: resource:bc34eccc700349078b5b #### Resource Data - Category: indicated - Tonnes: 49800000 - Grade: 0.45 - Grade Unit: g/t - Contained Metal: 0.72 - Contained Unit: moz #### Prior Estimate - Resource Date: 2024-05-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-05-17T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Restatement of Indicated gold resource from May 2024 Technical Report. Evidence · text > Indicated Mineral Resource of 0.72 million ounces of gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/p2-gold-gabbs-project-exploration-update--a314cac8-dfdb-4aff-bf80-aeb5c01159b3#fact-resource-facts-1) Gabbs Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Gabbs Project - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: PGLD #### Resource scope - Estimate type: resource - Resource group id: resource:bc34eccc700349078b5b #### Resource Data - Category: indicated - Tonnes: 49800000 - Grade: 1.36 - Grade Unit: g/t - Contained Metal: 2.17 - Contained Unit: moz #### Prior Estimate - Resource Date: 2024-05-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-05-17T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Restatement of Indicated silver resource from May 2024 Technical Report. Evidence · text > 2.17 million ounces of silver #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/p2-gold-gabbs-project-exploration-update--a314cac8-dfdb-4aff-bf80-aeb5c01159b3#fact-resource-facts-2) Gabbs Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Gabbs Project - Commodity: copper - Region: usa\_nv - Reported Region: Nevada - Ticker: PGLD #### Resource scope - Estimate type: resource - Resource group id: resource:bc34eccc700349078b5b #### Resource Data - Category: indicated - Tonnes: 49800000 - Grade: 0.27 - Grade Unit: % - Contained Metal: 297 - Contained Unit: million pounds #### Prior Estimate - Resource Date: 2024-05-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-05-17T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Restatement of Indicated copper resource from May 2024 Technical Report. Evidence · text > 297.0 million pounds of copper #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/p2-gold-gabbs-project-exploration-update--a314cac8-dfdb-4aff-bf80-aeb5c01159b3#fact-resource-facts-3) Gabbs Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gabbs Project - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: PGLD #### Resource scope - Estimate type: resource - Resource group id: resource:1a46cbae1ff09e83af17 #### Resource Data - Category: inferred - Tonnes: 112200000 - Grade: 0.35 - Grade Unit: g/t - Contained Metal: 1.28 - Contained Unit: moz #### Prior Estimate - Resource Date: 2024-05-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-05-17T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Restatement of Inferred gold resource from May 2024 Technical Report. Evidence · text > Inferred Mineral Resource of 1.28 million ounces of gold #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/p2-gold-gabbs-project-exploration-update--a314cac8-dfdb-4aff-bf80-aeb5c01159b3#fact-resource-facts-4) Gabbs Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Gabbs Project - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: PGLD #### Resource scope - Estimate type: resource - Resource group id: resource:1a46cbae1ff09e83af17 #### Resource Data - Category: inferred - Tonnes: 112200000 - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 3.04 - Contained Unit: moz #### Prior Estimate - Resource Date: 2024-05-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-05-17T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Restatement of Inferred silver resource from May 2024 Technical Report. Evidence · text > 3.04 million ounces of silver #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/p2-gold-gabbs-project-exploration-update--a314cac8-dfdb-4aff-bf80-aeb5c01159b3#fact-resource-facts-5) Gabbs Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Gabbs Project - Commodity: copper - Region: usa\_nv - Reported Region: Nevada - Ticker: PGLD #### Resource scope - Estimate type: resource - Resource group id: resource:1a46cbae1ff09e83af17 #### Resource Data - Category: inferred - Tonnes: 112200000 - Grade: 0.23 - Grade Unit: % - Contained Metal: 567.1 - Contained Unit: million pounds #### Prior Estimate - Resource Date: 2024-05-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-05-17T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Restatement of Inferred copper resource from May 2024 Technical Report. Evidence · text > 567.1 million pounds of copper #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## 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.