P2 Gold Drill Results at Gabbs’ Sullivan Zone Support Resource Model and Feasibility Timeline

The latest announcement is out from P2 Gold ( (TSE:PGLD) ).

P2 Gold reported final results from the initial phase of its infill and expansion reverse circulation drilling at the Sullivan Zone of its Gabbs Project in Nevada, with seven additional holes confirming consistent gold-copper mineralization and supporting the existing mineral resource model. The program, which has drilled 24 holes at Sullivan and 44 RC holes overall since October 2025, indicates the zone remains open to the east and down dip, prompting plans to return the rig after work at the Lucky Strike Zone to extend mineralization and feed into an updated mineral resource estimate due mid-2026 and a feasibility study on putting Gabbs into production targeted for late 2026. Management highlighted that recent warrant exercises have strengthened the company’s funding position to complete the feasibility work, underscoring Gabbs’ strong economic potential based on a prior assessment and reinforcing the project’s strategic importance for P2 Gold’s growth and for stakeholders exposed to gold and copper markets.

The most recent analyst rating on (TSE:PGLD) stock is a Hold with a C$0.78 price target. To see the full list of analyst forecasts on P2 Gold stock, see the TSE:PGLD Stock Forecast page.

Spark’s Take on TSE:PGLD Stock

According to Spark, TipRanks’ AI Analyst, TSE:PGLD is a Neutral.

The score is held back primarily by weak financial quality (pre-revenue, negative EBIT, and persistently negative operating/free cash flow despite positive net income), implying reliance on external funding. Technicals are supportive due to a strong uptrend, but overbought signals temper the impact. Valuation also weighs on the score given the very high P/E and no dividend yield provided.

To see Spark’s full report on TSE:PGLD stock, click here.

More about P2 Gold

P2 Gold Inc. is a mineral exploration and development company focused on advancing its Gabbs Project on the Walker-Lane Trend in Nevada, targeting gold and copper resources. The company is working toward defining and expanding mineral resources that could support future mine development and production, with Gabbs positioned as a potentially high-value gold-copper asset in its portfolio.

Average Trading Volume: 797,222

Technical Sentiment Signal: Buy

Current Market Cap: C$195M

For detailed information about PGLD stock, go to TipRanks’ Stock Analysis page.