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BAM. That's actually the name of the P2 Gold Inc. (TSX-V:PGLD; FRA: 4Z9) Golden Triangle in northwestern British Columbia. But "BAM!" also onomatopoeically describes very well the results of the first three holes drilled to test the newly discovered Monarch gold zone on the project. The best drill hole returned 2.63 g/t gold over 45.85 meters right off the bat, including 9.20 meters of 7.3 g/t gold. Mineralization in the 45 degree inclined hole started very near surface from drill meter 5.35 and extended to drill meter 51.2.

Joe Ovsenek, President and CEO of P2 sees the potential for a significant gold discovery. Commenting on the success, he said, "BAM has delivered excellent results from the initial drill holes in the newly discovered Monarch Gold Zone. The drill results correlate well with the 2020 soil geochemical results. The drilling combined with the 2020 and 2021 mapping, sampling, geophysics and soil geochemical results indicate that the Monarch Gold Zone has the potential for a significant gold discovery."

P2 Gold Bohrloch BAM 003 im Querschnitt
Figure 1: Cross-section of drill hole BAM-003.

P2 Gold Das BAM Projekt aus der Vogelperspektive
Figure 2: Bird's eye view of the BAM project. Just visible is that hole BAM-003 is facing east. BAM-003 is located approximately 320 meters northwest of BAM-001, while BAM-002 is located approximately 220 meters southeast of BAM-001.

Other selected drill results from the first three holes, BAM-001, 002 and 003, include hole BAM-001 grading 0.62 g/t gold over 50.75 metres, including 9.75 metres grading 1.11 g/t gold

BAM 2021 Exploration

The BAM 2021 drill program consisted of six holes totaling 835.9 metres. The Monarch Gold Zone was tested with holes BAM-001, 002, 003 and 005 targeting coincident IP chargeability anomalies with strongly anomalous gold values in soil up to 5.7 grams per tonne. The Jan Copper Zone was tested with holes BAM-004 and 006, which targeted soil geochemistry with values greater than 1% copper and surface occurrences exposed in historic trenches. Drill results for holes BAM-004, 005 and 006 are pending.

New Monarch gold zone believed to be 1 kilometer long and 500 metres wide

Based on the 2021 mapping, sampling and geophysics programs and the 2020 soil geochemical sampling and geophysics programs, the Monarch Gold Zone is believed to extend over one kilometer north-south and up to 500 meters east-west at surface and the Jan Copper Zone is believed to extend approximately one kilometer north-south and over 500 meters east-west at surface.

Planning for the BAM 2022 exploration program will begin this fall and is expected to include diamond drilling to test the full extent of the Monarch Gold Zone.

Summary: The BAM project in British Columbia is really only P2 Gold's second project alongside the advanced Gabbs copper-gold project in Nevada. This makes the significant gold discovery right from the first drilling on the newly discovered Monarch Zone all the more encouraging. When Joe Ovsenek speaks of a "significant gold discovery," it carries weight. The man was, after all, formerly the CEO of Pretium Resources Inc. which is now trading at more than CAD 10 per share and a market value of CAD 1.9 billion. Ovsenek has already turned some of his investors into millionaires. We would not be surprised if some of them now also buy P2 Gold. By the way, the current share price is quoted at CAD 0.44, which is CAD 0.06 below the price of the last placement. The market value of P2 Gold is around 23 million CAD. This is unlikely to last after this news.

 

Disclaimer: GOLDINVEST Consulting GmbH offers editors, agencies and companies the possibility to publish comments, analyses and news on http://www.goldinvest.de. These contents serve exclusively the information of the readers and do not represent any kind of call to action, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they are in no way a substitute for individual expert investment advice and do not constitute an offer to sell the stock(s) discussed or a solicitation to buy or sell securities. This is expressly not a financial analysis, but explicitly promotional / journalistic texts. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. There is no contractual relationship between the GOLDINVEST Consulting GmbH and its readers or the users of its offers, because our information refers only to the company, but not to the investment decision of the reader. The acquisition of securities involves high risks, which can lead to a total loss of the invested capital. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research. Nevertheless, any liability for financial losses or the content guarantee for topicality, correctness, adequacy and completeness of the articles offered here is expressly excluded. Please also note our terms of use.

According to §34b WpHG and according to paragraph 48f paragraph 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH, partners, authors, clients or employees of GOLDINVEST Consulting GmbH hold shares of P2 Gold and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares of the company at any time. Under certain circumstances this can influence the respective share price of the company.

GOLDINVEST Consulting GmbH currently has a remunerated contractual relationship with the company, which is reported on the internet offer of GOLDINVEST Consulting GmbH as well as in social media, on partner sites or in email messages. The above references to existing conflicts of interest apply to all types and forms of publication that GOLDINVEST Consulting GmbH uses for publications on P2 Gold. We also cannot exclude that other stock letters, media or research firms discuss the stocks we recommend during the same period. Therefore, symmetrical information and opinion generation may occur during this period. No guarantee can be given for the correctness of the prices mentioned in the publication.

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