VANCOUVER, BC, July 14,
2023 /CNW/ - P2 Gold Inc. ("P2" or
the "Company") (TSXV: PGLD) (OTCQB: PGLDF) reports that it has
completed the first two drill holes and the 2023 mapping and
sampling program at its gold-copper BAM Project located in the
Golden Triangle of northwest British
Columbia.
"We have completed drilling our priority exploration targets
beneath the Monarch Gold and Jan
Copper zones," commented Joe
Ovsenek, President & CEO of P2. "However, due to market
conditions additional flow-through funding expected in early July
did not materialize. As a result, we have stopped drilling and
demobilized the drill while we wait for assays. We plan to return
to BAM when funding is available to follow-up on the completed
drill holes and drill the remaining priority drill targets and
other targets identified from this year's exploration program."
With the completion of the two drill holes and the mapping and
sampling program, exploration crews will demobilize from BAM in the
coming week. Assays from the drill program are expected to be
received in August.
About P2 Gold Inc.
P2 Gold is a mineral exploration and development company focused
on advancing precious metals and copper discoveries and
acquisitions in the western United
States and British
Columbia.
Neither 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 the BAM 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. 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. See "Risk Factors" in the Company's annual information
form for the year ended December 31,
2022, dated March 16, 2023
filed on SEDAR at www.sedar.com 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.