P2 Gold Drilling Confirms Near Surface Mineralization at Gabbs

P2 Gold published assay results on December 16, 2025 from the first six holes of its infill and expansion drilling program at the Gabbs project on the Walker Lane trend. The six reverse circulation holes, labeled GBR 050 through GBR 055, all intersected gold and copper mineralization at or near surface, a company release said. Highlighted results included GBR 051, which returned 0.96 grams per tonne gold and 0.32 percent copper over 38.10 meters, with higher grade subintervals within that intercept.

The significance for Nye County lies in the confirmation of continuity and grade in the Sullivan Zone. The company characterized the drilling as validation of geological controls and reported that additional holes have since been completed. P2 Gold indicated it plans an updated mineral resource estimate and feasibility work in 2026, a step that, if successful, could accelerate permitting milestones and development planning for a project sited close to the community of Gabbs.

For local residents the results are material because near surface mineralization typically lowers mining development costs relative to deeper deposits. An updated mineral resource and subsequent feasibility study will provide the first comprehensive economic picture, including potential capital needs and operating profile. Those outcomes will inform discussions about local employment, property tax revenue, and infrastructure impacts as the project moves from exploration toward potential development.

The release included technical tables and commentary on geological controls and next steps toward a resource update. Regulatory review and environmental permitting remain separate and necessary processes that will shape timelines. With drilling confirming the Sullivan Zone continuity, P2 Gold moves into a year where a resource update and feasibility work could materially change the project s economic outlook. Nye County officials and residents can expect further technical disclosures in 2026 as those studies advance and as the company provides updates on the expanded drill program and its implications for the local economy.