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Pirate Gold Corp. (OTCQB: SICNF), formerly Sokoman Minerals Corp., issues frequent news updates as it advances its gold exploration strategy in Newfoundland. Company releases focus on its position along the Valentine Lake Fault Zone and on the progression of its 100% owned, district-scale Treasure Island Gold Project, anchored by the advanced Moosehead Zone.
News items cover drilling programs, including the launch of a 50,000 metre diamond drilling campaign at Treasure Island and detailed visual observations from drill holes testing the Moosehead Eastern and Western trends and regional geophysical targets. These updates describe structural zones, quartz veining, sulphide mineralization, and visible gold, while emphasizing that assay results are pending laboratory analysis and that visible gold alone does not guarantee high grades.
Other announcements highlight claim acquisitions and project consolidation that expand the company’s mineral licence holdings along the Valentine Lake Fault Zone, as well as agreements to acquire additional licences and associated royalty terms. Corporate news also includes leadership changes, board appointments, and the transition from the Sokoman Minerals name to Pirate Gold Corp. with the new TSXV ticker YARR.
Investors following SICNF news can also track the company’s communication initiatives, such as the Pirate Gold Treasure Hunters video series, which provides behind-the-scenes footage from site visits, drilling campaigns, and the evolving district-scale exploration model. For those monitoring early-stage gold exploration in Newfoundland, the Pirate Gold news feed offers ongoing context on technical programs, corporate developments, and the company’s efforts to build a district-scale gold project at Treasure Island.
Sokoman Minerals Corp. (OTCQB:SICNF) announced promising drill results from the Moosehead Gold Project, revealing the deepest intersection of visible gold to date. Drill hole MH-22-418 encountered 5.92 m of 4.14 g/t Au, while MH-22-422 showed 7.00 m of 8.03 g/t Au, highlighting a potential new high-grade zone in the Lower Eastern Trend. The company has significant plans for further drilling, targeting an additional 40,000 metres. With over $8 million in funding, Sokoman continues to explore its substantial land holdings in Newfoundland.
Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) and Benton Resources Inc. (TSXV:BEX) have initiated drilling at the Grey River Gold Project in Newfoundland. The program includes a planned 20-hole campaign, building on a successful 2021 season. The first two holes are logged and sampled for gold analysis. The Kraken Lithium camp is nearing completion, with drilling set to start soon. Both companies are pursuing aggressive exploration strategies, with commitments for further prospecting and soil sampling at various projects. The alliance controls over 150,000 hectares across Newfoundland.
Sokoman Minerals Corp. (TSXV:SIC, OTCQB:SICNF) announced high-grade assay results from its Moosehead Project, with the 75 Zone now linked to the Eastern Trend. The deepest visible gold was detected at 352 m depth in hole MH-22-418. Key results include:
- MH-22-392: 2.35 m of 25.58 g/t Au
- MH-22-385: 4.29 m of 14.56 g/t Au
- MH-22-366: 1.40 m of 133.94 g/t Au
- MH-22-359: 1.00 m of 95.03 g/t Au
With over $12 million in treasury, Sokoman is poised to continue its extensive drilling campaign targeting high-grade gold mineralization.
Sokoman Minerals Corp. announces plans for ongoing drilling across its Moosehead, Fleur de Lys, and joint venture properties in collaboration with Benton Resources. With a treasury of $13M, the company is set to complete 120,000 metres of diamond drilling by year-end, focusing on high-grade gold and lithium targets. Major efforts include expanding the Eastern Trend at Moosehead, where drilling is in progress with promising past results showing up to 39.57 g/t Au. The company aims to define drill targets for Fleur de Lys while advancing joint venture projects in Grey River and Golden Hope.
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Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) reports continued positive results at the Moosehead Project with high-grade gold assay results, including 4.05 m of 14.55 g/t Au and 3.10 m of 15.80 g/t Au. The ongoing drilling program has completed 298 holes, totaling 51,000 m, enhancing confidence in the Main Eastern Trend and 75 Zone. The next phase focuses on deeper sections to further uncover mineralization potential. The company maintains a strategic presence in Newfoundland's burgeoning gold districts, expanding its resources through active drilling.
Sokoman Minerals reported promising results from the Phase 1 C Horizon Till survey at the Fleur de Lys Gold Project, revealing a district-scale gold anomaly. Of the 880 processed till samples, 190 were deemed anomalous, indicating potential gold sources. Rock samples showed significant gold values, with a high of 4.60 g/t Au. The project's prospective area spans approximately 30 km. The exploration aims to identify significant Dalradian-type orogenic gold deposits, similar to well-known deposits in the UK.
Sokoman Minerals Corp. has successfully closed a non-brokered private placement to raise $5 million, primarily through strategic investor Eric Sprott. The allocation includes 12.5 million flow-through units, priced at an exercise rate of $0.45 for 24 months. Funds will be used for further exploration projects, with all securities under a hold period until July 22, 2022. Following this placement, Sprott owns approximately 28.2% of the company’s shares, increasing his stake significantly. CEO Tim Froude expresses gratitude towards investors, indicating a promising year ahead.
Sokoman Minerals Corp. and Benton Resources have announced positive results from their inaugural drill program at Grey River, Newfoundland, revealing multiple gold intersections over a 5.0 km strike length. Key highlights include a high-grade interval of 10.58 g/t Au over 1.80 m from drill hole GR-21-01. The program confirms extensive gold mineralization across all holes tested, suggesting significant potential for further exploration. Plans for an expanded drilling program of 25 to 30 holes are underway, indicating a commitment to explore the sizable silica system at the site.
Sokoman Minerals Corp. announced a non-brokered private placement of flow-through units, aiming to raise up to $5,000,000, with $4,000,000 allocated to investor Eric Sprott. The placement will issue up to 12,500,000 units at a price of $0.40 each, including common shares and warrants exercisable at $0.45 for 24 months. Proceeds will fund exploration projects and must adhere to Canadian tax regulations. The offering is subject to TSX Venture Exchange approval.