P2 Gold’s Latest Gabbs Drilling Confirms and Expands Sullivan Zone Mineralization

P2 Gold ( (TSE:PGLD) ) just unveiled an update.

P2 Gold reported additional reverse circulation drill results from the Sullivan Zone at its Gabbs Project in Nevada, with 11 new holes confirming and locally expanding gold-copper mineralization consistent with the existing resource model. The latest intercepts, including broad intervals of gold-dominant and copper-gold mineralization in up-dip, down-dip and hanging-wall positions, support the planned open-pit design envisioned in the project’s economic studies and will feed into an updated mineral resource estimate targeted for mid-2026, which in turn will underpin a feasibility study on putting Gabbs into production by late 2026.

The most recent analyst rating on (TSE:PGLD) stock is a Hold with a C$0.69 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 fundamentals (pre-revenue profile and ongoing negative operating/free cash flow) and a very high P/E. Offsetting factors include strong technical momentum and positive project-progress news flow around drilling, permitting, and feasibility work at Gabbs.

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 copper-gold project on Nevada’s Walker-Lane Trend. The company is targeting open-pit, gold-dominant and copper-gold mineralization, with work programs designed to support economic studies and eventual production decisions at its key U.S. asset.

Average Trading Volume: 700,390

Technical Sentiment Signal: Buy

Current Market Cap: C$183.8M

See more insights into PGLD stock on TipRanks’ Stock Analysis page.