TAHLTAN CENTRAL GOVERNMENT – INDUSTRY REPORT 2022
MINERAL EXPLORATION COMPANY
P2 GOLD
P2 Gold Inc. 1100-355 Burrard St., Vancouver, BC V6C 2G8 p2gold.com
PROPERTY LOCATION & ACQUISITION DATE
PROJECT ACTIVITIES IN THE 2021 SEASON
BAM. The property consists of ten mineral tenures that cover an area of over 8,100 hectares located approximately 35 km west of Bob Quinn Lake. P2 Gold optioned BAM in July between August 2020, shortly after we formed our company, P2 Gold Inc.
During the month of July 2021, P2 conducted mapping, sampling, geophysics and drilling at the BAM property (836 metres in six holes).
CONTACTS
COMPANY OVERVIEW & UPDATE
GENERAL INQUIRIES
Any successes or challenges you’d like to share?
Michelle Romero Executive Vice President 778 731 1060 michelle.romero @p2gold.com LEADERSHIP
Joe Ovsenek President and CEO 778 731 1055 joe.ovsenek@p2gold.com Right: Burrage camp.
P2 is advancing exploration on two zones: the Jan Copper Zone, which is a historical zone, and the Monarch Gold Zone which was first discovered by P2 in 2020 through soil geochemical sampling. The six-hole drill program in 2021 comprised four holes at the Monarch Gold Zone and two holes at the historical Jan Copper Zone. All four holes drilled in the Monarch Gold Zone intersected gold, with both holes at the Jan Copper Zone intersecting copper. The results of the work we have conducted at BAM in 2020 and 2021 demonstrate that the Monarch Gold Zone is the newest gold discovery in the Golden Triangle.
Number of employees working on your project(s)? We anticipate roughly a dozen individuals will be working on the BAM Project during the 2022 season.
Where does the majority of your financing come from year to year? What’s the breakdown of who owns your company and what’s your company’s market cap? P2 Gold (PGLD) is a TSX-Venture Exchange-listed company. We raise money by issuing shares through financings. Management owns approximately 25% of the PGLD shares, Waterton (private equity firm) owns approximately 20% and the remainder are owned by the public. Most of our shareholders are Canadian P2 Gold’s market cap (as of January 13, 2022) is $45 million.
RELATIONSHIP WITH THE TCG & TAHLTAN NATION During the 2021 season, what involvement did TCG personnel and departments have with your company? If they were not involved, why not? We engaged with both the TCG Communications & External Relations Department and Employment & Contracting Department.
In 2021, how many Tahltans did you employ? What positions did they hold in your company and what percentage of Tahltans did you employ compared to others? In 2021, our BAM crew shared a camp with Evergold, and we contracted with them to support our work at the BAM Project through their TCG joint venture. The joint venture operated the camp, supplied core boxes and built drill pads.
Tentative plans and hopes for the 2022 season? We hope to follow-up on 2021’s exploration success at BAM with deep penetrating geophysics and a drill program of 8,000–10,000 metres between the months of July to September 2022. 75
P2 had directly hired two geologists and two drillers for BAM during the 2021 season; we are unsure of the overall workforce breakdown with respect to specific employment hours by the Tahltans working on BAM through our support contract.
