Latest news with #TreatyCreekProject
Cision Canada
12-05-2025
- Business
- Cision Canada
P2 Gold Announces Management, Metallurgical Testwork Updates
VANCOUVER, BC, May 12, 2025 /CNW/ - P2 Gold Inc. ("P2" or the "Company") (TSX-V:PGLD) (OTCQB:PGLDF) reports that its management team has been retained to augment the leadership at Tudor Gold Corp. ("Tudor Gold") and; ongoing metallurgical testwork from a sample collected and assayed from the Sullivan Zone at its wholly-owned, gold-copper Gabbs Project has demonstrated an increase in copper and gold recoveries. Management Update P2's senior management team has been retained by Tudor Gold in support of the advance their flagship gold-copper Treaty Creek Project located roughly 10 kilometers north of the Brucejack Mine in British Columbia's Golden Triangle. P2's wholly-owned Gabbs Project in Nevada will continue to be advanced as planned, with senior management and Board owning 23% of the Company's issued and outstanding shares. Members of P2's team were instrumental in the discovery, permitting, construction, and operation of the Brucejack Mine while at Pretium Resources Inc. and have the capacity and capability of driving the Treaty Creek Project and Gabbs Project forward concurrently. 2025 Metallurgical Testwork The Phase Three Metallurgical Program underway at Gabbs is focused on increasing copper, silver and gold recoveries of the oxide mineralization and providing a marketing sample of the copper-silver SART (sulphidization, acidification, recycling and thickening) concentrate. Results to date indicate far superior kinetics to prior test work, with recoveries for gold, silver and copper exceeding recoveries of prior test work at this stage of the program. The Phase Three Metallurgical Program is expected to be completed early in the third quarter of this year. The Company has retained Kappes, Cassiday & Associates ("KCA") in Reno, Nevada to carry out the Phase Three Metallurgical Program. As reported on April 3, 2025, a 338-kilogram panel sample (the "Panel Sample"), measuring approximately 1 meter by 30 meters, was collected across the exposed oxide mineralization in a 10-meter-deep historic excavation at the Sullivan Zone at Gabbs. In addition, the remaining low, medium, and high-grade samples from drill core used in the previous metallurgical programs were composited into one sample (the "Composited Sample"). The Phase Three Metallurgical Program consists of leach testing approximately 150 kilograms of the Panel Sample in a 20-centimeter diameter column and approximately 20 kilograms of the Composited Sample in a 10-centimeter column. (See news release dated April 3, 2025.) Preliminary Economic Assessment Economics at Spot Prices Using existing recoveries (78% for oxide gold mineralization and 54% for oxide copper mineralization) Gabbs has an internal rate of return of 54.9% and net present value at a 5% discount rate of over US$1.6 billion at May 9, 2025 spot metal prices of $3,335 gold, $32.67 silver and $4.30 copper. (See the Company's preliminary economic assessment announced on May 22, 2024 and described in the Gabbs Technical Report dated May 17, 2024 available under the Company's profile on SEDAR+ at Qualified Person Ken McNaughton, Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project. Mr. McNaughton has reviewed, verified, and approved the scientific and technical information in this news release. About P2 Gold Inc. P2 Gold is a mineral exploration and development company focused on advancing its gold-copper Gabbs Project on the Walker Lane Trend in Nevada. A positive preliminary economic assessment has outlined a long-life, mid-size mine at Gabbs with annual average production of 104,000 ounces gold and 13,500 tonnes copper over a 14.2-year mine life. The Gabbs Project has excellent infrastructure with access via paved Hwy 361, and power and water on site. Additional metallurgical testing is underway, and a water permit is expected in the second quarter of this year. All zones on the property remain open and additional exploration targets, near surface and at depth, are drill ready. Neither the TSX Venture Exchange (the "Exchange") nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Information This press release contains "forward-looking information" within the meaning of applicable securities laws that is intended to be covered by the safe harbours created by those laws. "Forward-looking information" includes statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology. Such forward-looking information includes, without limitation, information with respect to the Company's expectations, strategies and plans for its Gabbs Project including the Company's planned expenditures and exploration activities. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made, including without limitation, the estimated internal rate of return and net present value at a 5% discount rate of the Gabbs Project, as well as the other assumptions disclosed in this news release. Furthermore, such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking information, including without limitation, the estimates and assumptions contained in the Gabbs Technical Report dated May 17, 2024, and risks associated with mineral exploration, including the risk that actual results and timing of exploration and development will be different from those expected by management. See "Risk Factors" in the Company's annual information form for the year ended December 31, 2024, dated March 21, 2025 filed on SEDAR+ at for a discussion of these risks. The Company cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Company does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof. SOURCE P2 Gold Inc.
Yahoo
02-05-2025
- Business
- Yahoo
Tudor Gold secures exploration permits for Treaty Creek property in Canada
Tudor Gold has received five-year exploration permits from the British Columbia (BC) Ministry of Mining and Critical Minerals for its Treaty Creek property in the Golden Triangle of north-western BC, Canada. The permits are valid until 31 May 2030 and will allow the company to progress with its mineral exploration activities, focusing on the high-grade Supercell-One (SC-1) gold complex, discovered through previous drilling campaigns. Tudor Gold plans to conduct geotechnical drilling to support infrastructure planning for a proposed exploration ramp. Currently, the company is applying for the necessary permits to proceed with the underground development. Once operational, the ramp will offer cost-effective, underground access to the SC-1 area throughout the year, facilitating ongoing exploration. It is also expected to serve as a pivotal infrastructure component for the future development of the larger Goldstorm Deposit, a gold-copper porphyry system. The Treaty Creek project is not only home to the Goldstorm Deposit, but also hosts several other mineralised zones, positioning Tudor Gold for extensive exploration opportunities. The 2024 drill results from the SC-1 Zone have demonstrated the continuity and high-grade nature of the gold mineralisation, likened to the geology of Newmont's nearby Brucejack gold deposit. With the underground drift in place, Tudor Gold aims to initiate a focused drilling programme of up to 25,000m to expand and further delineate the SC-1 and adjacent targets. Notably, these SC-1 drill results have not been included in the February 2024 mineral resource estimate, which reported 27.9 million ounces of gold equivalent at an average grade of 1.19 grams per tonne. The Goldstorm Deposit, encompassing the SC-1, remains open in all directions and at depth. Tudor Gold president and CEO Ken Konkin said: 'We are excited to advance the Treaty Creek Project by focusing on the high-grade SC-1 complex, by advancing our plans to submit more applications that will transition the Treaty Creek Project from a 'Greenfields' project to a 'Brownfields' project. Our immediate goal is to obtain permits allowing Tudor to fast-track the exploration and expansion of the SC-1 complex from underground. 'Our proposed exploration ramp is expected to significantly reduce both the cost and time required to drill and define emerging high-grade gold targets by enabling the use of underground drill stations – delivering far greater efficiency than conventional surface drilling. Once completed, the underground infrastructure could provide long-term strategic value, supporting future exploration and potential mining operations within the SC-1 complex and the other Goldstorm domains, in particular the adjacent CS-600 domain.' "Tudor Gold secures exploration permits for Treaty Creek property in Canada" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
