P2 Gold drills 1.38 g/t gold over 80 metres at Bam project, British Columbia
P2 Gold Inc. [PGLD-TSXV; PGLDF-OTCQB] reported results from 11 drill holes from the 2022 drill program at its 100%-optioned Bam gold-copper project located in the Golden Triangle in northwest British Columbia.
“We wrapped up the BAM 2022 Drill Program in late September after a very successful exploration season with 13,958 metres drilled in 95 holes,” commented Joe Ovsenek, President and CEO. “An additional 59 holes are in the lab awaiting assaying, which we expect to release over the next couple of months. We believe BAM is on its way to becoming the next significant discovery in the Golden Triangle.”
Select drill results from holes BAM-032 to 037, 39, 40, 46, 47 and 49 drilled at the BAM Project include Hole BAM-032 that intersected 1.30 g/t gold over 59.05 metres, including 15.0 metres grading 3.64 g/t gold. Hole BAM-034 intersected 1.59 g/t gold over 36.5 metres, including 7.0 metres grading 5.63 g/t gold. Hole BAM-037 intersected 1.38 g/t gold over 80.0 metres, including 12.2 metres grading 2.43 g/t gold.
The focus of the 2022 BAM Drill Program has been to find the limits of the epithermal surface mineralization and provide geologic information to aid in the interpretation of the airborne and ground geophysical surveys. This interpretation will be essential in discovering the source of the surface epithermal zone and any associated high grade and/or porphyry mineralization.
This latest drilling has continued to define several structures that were active either during and/or after the mineralization event. Gold grades intercepted by the drilling generally increase towards these structures suggesting they are potentially related to a feeder system.
In addition, it is anticipated that the identification of assay gradients within the mineralization may confirm that these structures are part of the feeder system for the surface mineralization. This will allow future programs to focus on the high-grade, structurally controlled mineralization.