P2 Gold Drilling Confirms Near-Surface Mineral Continuity at Gabbs

P2 Gold reported that recent infill and expansion drilling at its Gabbs Project has confirmed near-surface continuity of gold-copper mineralization in the Gabbs area of Nye County. The company said the results bolster confidence in the distribution of scale and grade ahead of a planned updated mineral resource estimate targeted for mid-2026 and a feasibility study expected later in 2026.

Those steps follow an October 2025 preliminary economic assessment for the project. Company statements accompanying the latest drill results highlighted improved metallurgical recoveries compared with prior work, a factor that can raise the proportion of metal recovered in processing and improve project economics when incorporated into a feasibility-level study.

Near-surface continuity matters locally because deposits closer to the surface typically translate to lower initial waste-to-ore ratios, reduced strip mining costs and simpler access during early-stage mining. For Nye County residents, the progression from PEA to resource update and feasibility study signals movement from exploration toward potential development planning—an evolution that brings both economic opportunities and community considerations. Development planning can create construction and mine-site jobs, increase local tax revenue and boost demand for services in nearby towns, but it also triggers permitting processes, environmental reviews and potential impacts on water and land use that will require county oversight.

On the market side, corroborating drill results and better metallurgical performance tend to strengthen a project’s investment case by reducing geological and processing risk ahead of capital-intensive feasibility work. An updated mineral resource estimate will provide more precise tonnage and grade figures necessary to refine capital expenditure forecasts and operating-cost assumptions. The feasibility study, if positive, would then underpin decisions about mine design, permitting timelines and potential financing or joint-venture arrangements.

Locally, county officials and residents should expect a period of heightened activity over the next 12 to 18 months as P2 Gold compiles the resource update and advances feasibility work. That phase typically involves technical studies, baseline environmental data collection and community engagement; it is also when planners begin to model employment impacts and infrastructure needs. For Nye County, the key issues will be balancing potential economic benefits against environmental safeguards and infrastructure capacity as the project moves closer to any construction planning.