P2 Gold Inc. released assay results Oct. 14 from six reverse-circulation holes drilled on the downdip extension of the Sullivan Zone at its Gabbs gold-copper project in Nye County.

Holes GBR-133 and GBR-140 intersected a newly identified hanging-wall unit of predominantly oxide gold-copper mineralization hosted in gabbro, an area modeled as waste in the prior preliminary economic assessment. GBR-133 returned 0.32 g/t gold and 0.18% copper over 70.10 meters starting 64 meters downhole, among other intervals. All six holes hit the main Sullivan extension, which remains open at depth.

The company said the results could improve strip ratios. An updated mineral resource estimate is expected in the fourth quarter of 2026 to support a feasibility study now targeted for the first quarter of 2027. Drilling continues at both Sullivan and Lucky Strike.

The Gabbs project sits along paved SR 361 with existing power and water infrastructure. Premier Magnesia’s long-running magnesite operation remains the valley’s established producer; no new operational notices from that site appeared in recent public searches.

Details are taken from P2 Gold’s Oct. 14, 2026 news release and related coverage; true widths, resource updates and economic impacts remain subject to further drilling, modeling and independent review. Consult SEDAR+ or the company website for full tables and QA/QC.