BAM Continues to Ship with 1.1% Copper Over 39.25 meters; Monarch Gold Zone prolonged by 600 meters

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VANCOUVER, British Columbia, Oct. 06, 2021 (GLOBE NEWSWIRE) — P2 Gold Inc. (“P2” or the “Firm”) (TSX-V:PGLD) stories outcomes from the ultimate three holes drilled in 2021 at its BAM Property situated within the Golden Triangle in northwest British Columbia. Drill holes BAM-004 and 006 have been drilled to check the Jan copper zone south of the newly-discovered Monarch Gold Zone, with drill gap BAM-005 drilled to check the northern extent of the Monarch Gold Zone.

“BAM continues to ship glorious outcomes with BAM-005 extending the Monarch Gold Zone, the most recent gold discovery within the Golden Triangle, to the north and BAM-004 displaying the copper potential of the Jan Copper Zone,” commented Joe Ovsenek, President and CEO of P2. “We’ve got already began planning the BAM 2022 exploration program to comply with up on this summer time’s success at BAM.”

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Choose drill outcomes (see Desk 1 under for drill outcomes) from the ultimate three drill holes drilled at BAM in 2021, BAM-004, 005, and 006, embody:

BAM-005 is situated roughly 600 meters north of BAM-002 (probably the most southerly Monarch Gold Zone gap) and roughly 600 meters northeast of BAM-003 (probably the most westerly Monarch Gold Zone gap). The Jan Copper Zone is situated to the west and south of the Monarch Gold Zone, with BAM-004 situated roughly 1,300 meters southwest of BAM-002. Plan maps and sections for drill holes BAM-004, 005 and 006 of the BAM 2021 Drill Program can be found here.

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BAM 2021 Exploration

The BAM 2021 Drill Program consisted of six holes totaling 835.9 meters. The Monarch Gold Zone was examined with drill holes BAM-001, 002, 003, and 005, which have been focused on coincident IP chargeability anomalies with extremely anomalous gold in soil values of as much as 5.7 grams per tonne. The Jan Copper Zone was examined with drill holes BAM-004 and 006, which have been focused on soil geochemistry with values in extra of 1% copper and floor showings uncovered ‎in historic trenches.

Based mostly upon the 2021 mapping and sampling and geophysics packages and 2020 soil geochemical sampling and geophysics packages, the Monarch Gold Zone is interpreted to increase over one kilometer north-south and as much as 500 meters east-west at floor and the Jan Copper Zone is interpreted to increase roughly one kilometer north-south and over 500 meters east-west at floor.

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Planning for the BAM 2022 Exploration Program is underway and is anticipated to incorporate diamond drilling to check the total extent of the Monarch Gold Zone and Jan Copper Zone.

Monarch Gold Zone and Jan Copper Zone Mineralization

The mineralization on the Monarch Gold Zone is constrained inside a package deal of siltstones, sandstones, and conglomerates. These items are variably altered and silicified with the gold values associated to pyrite cemented hydrothermal breccia. The mineralization is interpreted to be the higher extensions of an epithermal system associated to an alkaline porphyry at depth, with higher-grade intervals discovered close to the footwall contact of the host lithology.

Jan Copper Zone mineralization is hosted fully inside a thick dolostone unit. The mineralization is related to a phreatic breccia which has been intensely silica flooded. Subsequent acid leaching has domestically opened up a vuggy texture. Sulphide mineralization consists of bornite and tennantite which happens as fracture and vug filling. The mineralization is believed to be associated to a separate part of the identical alkaline porphyry that shaped the Monarch Gold Zone.

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Desk 1: Chosen BAM Property Drill Outcomes, October 2021 (BAM-004 to BAM-006)^{(1, 2)}

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Stockade Property

The Firm has terminated the mineral lease and possibility settlement for the Stockade Property situated in Oregon.

High quality Assurance

Ken McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, P2 Gold, is the Certified Particular person, as outlined by Nationwide Instrument 43-101, accountable for the BAM Property. Mr. McNaughton has reviewed, verified and accepted the scientific and technical data on this information launch.

About P2 Gold Inc.

P2 is a mineral exploration and growth firm centered on advancing valuable metals and copper discoveries and acquisitions within the western United States and British Columbia.

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Neither the TSX Enterprise Trade (the “Trade”) nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the Trade) accepts duty for the adequacy or accuracy of this launch.

Ahead Trying Info

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Ahead-looking data shouldn’t be a assure of future efficiency and relies upon quite a lot of estimates and assumptions of administration on the date the statements are made. Moreover, such forward-looking data includes quite a lot of recognized and unknown dangers, uncertainties and different elements which can trigger the precise plans, intentions, actions, outcomes, efficiency or achievements of the Firm to be materially totally different from any future plans, intentions, actions, outcomes, efficiency or achievements expressed or implied by such forward-looking data. See “Danger Components” within the Firm’s annual data kind dated August 9, 2021 filed on SEDAR at www.sedar.com for a dialogue of those dangers.

The Firm cautions that there could be no assurance that forward-looking data will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such data. Accordingly, buyers mustn’t place undue reliance on forward-looking data.

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