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P2 Gold Inc. (OTCQB:PGLDF) has announced the completion of a 3D geophysical interpretation for its BAM Project in British Columbia. Utilizing data from the NSMT and ZTEM surveys conducted in 2022, the analysis revealed two key areas for gold-copper porphyry exploration, located near the Monarch Gold and Jan Copper Zones. Drilling is set to begin in mid-2023, targeting feeder zones for epithermal gold and porphyry systems. The planned diamond-drill program encompasses 12,000 to 14,000 meters. These interpretations may bolster P2 Gold's exploration potential and attract investor interest in the upcoming field season.
P2 Gold Inc. (PGLDF) has announced its initial Mineral Resource Estimate (MRE) for the Monarch Gold Zone at its BAM Project, indicating 520,000 ounces of gold in an Inferred Resource at a grade of 0.59 g/t. This estimate, prepared by P&E Mining Consultants, reflects drilling performed in 2021 and 2022. The resource is pit-constrained, extending to a depth of 190 meters and remains open for expansion. The company plans to focus its 2023 exploration efforts on identifying feeder zones and expanding near-surface mineralization. A National Instrument 43-101 Technical Report will be available within 45 days.
P2 Gold Inc. reported significant drill results from its 2022 Drill Program at the BAM Project in British Columbia. The Monarch Gold Zone has defined near-surface gold mineralization over a strike length exceeding one kilometer. Key results include hole BAM-061 with 1.73 g/t gold over 46.5 meters and hole BAM-067 with 1.00 g/t gold over 43.0 meters. The company is preparing its maiden Mineral Resource estimate for early 2023 and plans to expand exploration focusing on the potential porphyry source of mineralization.
P2 Gold reports significant results from 11 drill holes at its BAM Project in British Columbia, totaling 13,958 meters drilled in 95 holes during the 2022 season. Highlights include drill hole BAM-032, which intersected 1.30 g/t gold over 59.05 meters, and BAM-034 with 1.59 g/t gold over 36.5 meters. The drilling program aimed to understand the mineralization limits and identify potential feeder systems, suggesting future exploration could focus on high-grade mineralization. An additional 59 holes await assay results, with expectations for further positive news in the coming months.