P2 Gold Enhances Recovery Rates in New Economic Assessment
P2 Gold's Enhanced Recovery Rates
P2 Gold Inc. (TSXV: PGLD, OTCQB: PGLDF) has recently announced a significant improvement in its recovery rates for gold, copper, and silver in the latest update of its Preliminary Economic Assessment (PEA), particularly for the Gabbs Project. These findings emerged from the Phase Three Metallurgical Program that demonstrates the company's commitment to advancing its mineral exploration and development efforts.
Key Findings from the PEA Update
According to the latest results, the P2 Gold's recoveries are astonishing; gold recovery stands at 88%, silver at 63%, and copper at 69%. These results notably surpass those from the previous year's PEA, which used figures significantly lower than the current recovery rates. Such advancements are vital for the financial viability of the Gabbs Project and indicate its potential to yield higher profitability.
What This Means for Investors
The notable improvements in recovery rates should bolster confidence among investors. Enhanced recoveries point towards improved economic returns, which are critical as P2 Gold prepares for potential production at one of its flagship projects. The company’s ongoing efforts in metallurgical testing and optimization are expected to establish a solid foundation for future operations.
Industry Best Practices with Recovery Rates
Industry standards typically require metallurgical test results to be adjusted downwards for heap leach applications. Therefore, while the PEA showcases impressive recovery results, a slight adjustment to the final figures will be made to align with these practices. This proactive approach emphasizes P2 Gold's adherence to industry standards, promising a reliable and calculated strategy moving forward.
The Role of the Phase Three Metallurgical Program
The Phase Three Metallurgical Program, carried out by Kappes, Cassiday & Associates, focuses on maximizing recoveries from oxide mineralization within the Gabbs Project. This program not only aims to enhance precious metals yields but also provides valuable marketing samples. The program's success is a testament to P2 Gold's strong operational strategies and its potential for sustainable mining practices.
Communications Strategy for P2 Gold
To elevate its outreach and engagement protocols, P2 Gold has enlisted witan nook Communications for a six-month social media management initiative. This partnership is tailored to amplify the company’s presence across digital platforms at a reasonable monthly cost. Likewise, Departures Capital Inc. is on board to implement an electronic advertising campaign, highlighting P2 Gold's strategic focus on increasing investor awareness and public engagement.
Qualified Leadership at P2 Gold
Ken McNaughton serves as the Chief Exploration Officer, ensuring all scientific and technical information related to the Gabbs Project is meticulously vetted and approved. His leadership guarantees that P2 Gold maintains its reputation for excellence within the mining industry.
About P2 Gold Inc.
P2 Gold Inc. is dedicated to exploring and developing its mineral resources, focusing particularly on the Gabbs Project, which features robust infrastructure and an outlined mine life generating significant production estimates. The company is poised for continued exploration, with areas ready for drilling and a focus on obtaining additional permits to further its operational goals.
Frequently Asked Questions
What improvements did P2 Gold announce?
P2 Gold reported significantly increased recovery rates for gold, copper, and silver in its latest PEA update.
How does this affect the Gabbs Project?
The improvements in recovery rates are expected to enhance the project's economic viability and investor confidence.
What are the recovery rates following the update?
The updated recovery rates are 88% for gold, 63% for silver, and 69% for copper.
Who conducted the metallurgical program?
The Phase Three Metallurgical Program was conducted by Kappes, Cassiday & Associates.
Who is managing communications for P2 Gold?
P2 Gold has retained witan nook Communications for social media management and Departures Capital for electronic marketing campaigns.
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