P2 Gold intercepts 0.78 g/t Au and 0.29% Cu over 79.25 m at Lucky Strike

Canada NewsWire

VANCOUVER, BC , Aug. 12, 2026 /CNW/ -- P2 Gold Inc. ("P2" or the "Company") (TSXV: PGLD) (OTCQB: PGLDF) reports results from ten reverse circulation ("RC") drill holes (GBR-112 to GBR-121) drilled on the western half of the Lucky Strike Zone as part of the Infill and Expansion Drill Program at its gold-copper Gabbs Project in Nevada. Holes GBR-118 to 121 tested the higher-grading gold-copper core of the Zone (see Drilling Highlights below), which appears to be thickening as drilling extends the high-grade core to the southwest. The remaining RC holes were drilled around the western margin of the Lucky Strike Zone.

Also reported are the final four diamond drill holes (GBD-040 to GBD-043) which were drilled along the eastern margin of the Lucky Strike Zone. Drill hole GBD-040 was a geotechnical hole testing the pit slope stability of the planned open pit (based on the Gabbs Project 2025 Preliminary Economic Assessment * ), and the other three designed to test the controls on mineralization at the edge of the zone.

Drilling Highlights

Select drill results (see Table 1 below for total drill results) from holes GBR-112 to GBR-121 drilled at the Lucky Strike Zone include:

Hole GBR-118 intersected 0.78 g/t gold and 0.29% copper over 79.25 meters starting 89.92 meters downhole , including 21.34 meters grading 1.28 g/t gold and 0.34% copper starting 92.96 meters downhole and also intersected 0.13 g/t gold and 0.13% copper over 32.00 meters starting 187.45 meters downhole;

Hole GBR-119 intersected 0.37 g/t gold and 0.16% copper over 158.50 meters starting 83.82 meters downhole , including 67.06 meters grading 0.49 g/t gold and 0.18% copper starting 96.01 meters downhole ;

Hole GBR-120 intersected 0.47 g/t gold and 0.21% copper over 121.92 meters starting 71.63 meters downh