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P2 Gold Reports Results from Five Diamond Drill Holes At Sullivan Zone as Part of Pit Slope Stability Geotech Drill Program At Gabbs Project
P2 Gold Inc. reported results from five diamond drill holes (GBD-007 to GBD-010 and GBD-017) drilled at the Sullivan Zone as part of the Pit Slope Stability Geotech Drill Program at its Gabbs Project located on the Walker-Lane Trend in Nevada. All five drill holes were drilled at the margins of the planned open pit, and all five drill holes intersected gold-copper mineralization, highlighting that the Sullivan Zone remains open for expansion down dip and continues to grow in size. A 7,500-meter reverse circulation drill program targeting this down dip mineralization has been planned and will be completed for inclusion in the Gabbs Project feasibility study Mineral Resource estimate. Select drill results from holes GBD-007 to GBD-010 and GBD-017 drilled at the Sullivan Zone include: Hole GBD-008 intersected 0.50 g/t gold and 0.27% copper over 140.21 meters from 99.36 meters downhole, including 24.38 meters grading 0.93 g/t gold and 0.49% copper starting 143.56 meters downhole; Hole GBD-010 intersected 0.38 g/t gold and 0.18% copper over 123.44 meters starting 62.48 meters downhole, including 13.72 meters grading 0.67 g/t gold and 0.34% copper starting 67.06 meters downhole and also including 18.29 meters grading 0.51 g/t gold and 0.16% copper starting 167.64 meters downhole. At the Sullivan Zone and Lucky Strike Zone, mineralization is localized within and below a tabular unit of quartz monzonite underlain by pyroxenite, with the higher-grade gold and copper at the core of each of the zones. This mineralization is gold dominant and gives way to copper-gold mineralization in the footwall of the main mineralized body. At Sullivan, the deeper footwall mineralization ranges in thickness from 20 meters to 60 meters and with the main mineralized body ranging up to 125 meters thick forms a zone with a combined thickness of up to 175 meters thick. Since the start of the Program in October 2025, a total of 70 reverse circulation drill holes has been drilled, with 24 holes drilled at the Sullivan Zone and 46 holes drilled at the Lucky Strike Zone. The diamond drill completed 29 metallurgical and slope stability geotechnical holes and 10 exploration holes prior to being demobilized from site at the end of May. The Expansion and Infill reverse circulation drill program is ongoing with an additional 15,000 meters in 65 holes planned to test the relatively shallow mineralization along the western half of Lucky Strike, and 7,500 meters in 27 holes planned to test the down dip expansion at Sullivan. On completion of the Infill and Expansion Drill Program, an updated Mineral Resource estimate will be prepared for Gabbs. The updated Mineral Resource estimate will form the basis of a feasibility study on placing Gabbs in production, which is expected to be completed in the fourth quarter of 2026. Table 1: Selected Gabbs Drill Results, June 2026 (GBD-007 to GBD-010 and GBD-017): GBD-007: 10.67-41.15m, 30.48m interval, 0.50 g/t gold, 0.26% copper; 41.15-109.73m, 68.58m interval, 0.15 g/t gold, 0.28% copper. GBD-008: 99.36-239.57m, 140.21m interval, 0.50 g/t gold, 0.27% copper; including 143.56-167.94m, 24.38m interval, 0.93 g/t gold, 0.49% copper. GBD-009: 44.20-65.53m, 21.34m interval, 0.17 g/t gold, 0.08% copper; 65.53-131.06m, 65.53m interval, 0.15 g/t gold, 0.23% copper. GBD-010: 62.48-185.93m, 123.44m interval, 0.38 g/t gold, 0.18% copper; including 67.06-80.77m, 13.72m interval, 0.67 g/t gold, 0.34% copper; and 167.64-185.93m, 18.29m interval, 0.51 g/t gold, 0.16% copper. GBD-017: 147.83-170.69m, 22.86m interval, 0.37 g/t gold, 0.21% copper; 149.35-160.02m, 10.67m interval, 0.65 g/t gold, 0.25% copper. All samples were submitted for preparation by ALS Global at its facilities in Reno, Nevada, with the analysis completed at ALS Global facilities in Reno, Nevada, and North Vancouver, British Columbia. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. One in 20 samples was blank, one in 20 was a standard sample, and one in 20 samples had a sample cut from assay rejects assayed as a field duplicate.