PIRATE GOLD Stock Price, News & Analysis

Sokoman Minerals Corp. (OTCQB:SICNF) has completed Phase 1 of the C-Horizon till sampling program at the Fleur de Lys Gold Project, collecting 823 samples. Preliminary results indicate multiple gold anomalies, with 109 samples showing at least 20 gold grains, suggesting nearby sources. The highest counts recorded were 111 and 116 grains, with a significant proportion being pristine. A follow-up program will commence immediately, while over 60 rock samples are pending assays. The company anticipates further exploration until late fall, enhancing the potential for gold resources in Newfoundland.

Sokoman Minerals Corp. announced a stock option grant subject to TSX Venture Exchange approval for up to 4,450,000 common shares. Each option is exercisable for CAD$0.44, which is 20% above the previous closing share price. The company's projects include advanced-stage Moosehead and others in Newfoundland and Labrador, covering over 150,000 hectares. They have entered a strategic alliance with Benton Resources Inc. for joint properties. The company received financial support from the Newfoundland and Labrador government for the Moosehead Project.

Sokoman Minerals Corp. (TSXV: SIC, OTCQB: SICNF) has announced high-grade gold intersections at the Moosehead Property in Newfoundland, particularly in the 75 Zone and Eastern Trend. Recent drill results include highlights such as 30.59 g/t Au over 2.75 m from the 75 Zone. Ongoing drilling aims to connect the 75 Zone with the Eastern Trend, with plans for approximately 19,000 meters to be drilled this year. The exploration is supported by a new structure, the 253 Zone, found 300 m east of North Pond. Four drills are currently operational at the site.

Sokoman Minerals Corp. (TSXV: SIC, OTCQB: SICNF) and Benton Resources Inc. have reported high-grade gold assays from the Grey River Joint Venture in Newfoundland, with visible gold found up to 134.46 g/t Au. Sampling focused on a 500 m by 300 m area near Gulch Cove, where historical values reached 225 g/t Au. New drilling permits have been received, aiming for an October start. Recent geophysical surveys will refine drilling targets, as the project targets vein-hosted gold similar to the Pogo Mine in Alaska, which has produced over 4 million ounces of gold.

Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) has received a Water Resources Permit from the Government of Newfoundland and Labrador to commence barge-based drilling at its 100%-owned Moosehead Gold Project. The drilling will focus on high-priority targets within the Upper Eastern Trend and Footwall Splay, estimating 5,000 m to 10,000 m of drilling. The project is strategically located near other advanced gold projects. Previously, Sokoman completed 23,378 m of drilling across multiple phases and aims for a 50,000 m program in Phase 6.

Sokoman Minerals (TSXV: SIC, OTCQB: SICNF) announced the arrival of a third drill rig at its 100%-owned Moosehead Gold Project in Newfoundland, set to target high-priority areas like the 75 Zone and Eastern Trend. The current drilling phase still has 27,000 metres left from a 50,000-metre program, with strong intersections reported including up to 68.25 g/t Au. The company is also securing a fourth drill rig. The Moosehead Project is strategically located along the Trans-Canada Highway, showing potential for significant gold mineralization.

Sokoman Minerals Corp. announced significant progress in its ongoing Phase 6 drilling at the 100% owned Moosehead Property in Newfoundland. Multiple holes have intersected high-grade gold mineralization, confirming the presence of visible gold across various zones. The drilling has extended the interpreted high-grade shoots within a 700 m strike area, with plans to continue explorations using two rigs. Notable results include previous holes returning grades of 13.67 g/t Au and 6.93 g/t Au. The Moosehead Gold Project's total drilling has reached 22,326 m in Phase 6, with more assessments planned.

Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) has announced an exploration update focusing on its wholly-owned and joint venture projects in Newfoundland. Key highlights include nearly 20,000 meters drilled at the Moosehead Project with significant gold intersections, ongoing till sampling at Fleur de Lys, and the start of airborne geophysical surveys at Grey River and Golden Hope JV Projects. The company plans to enhance drilling with additional rigs to explore high-priority targets while maintaining safety protocols during COVID-19. Assay results from ongoing programs are expected soon.

Sokoman Minerals Corp. has executed two property option agreements with Benton Resources to enhance the Grey River Gold Property in Newfoundland and Labrador. The Lewis Option allows Sokoman to acquire a 100% interest in seven claims with a 1.5% net smelter return royalty, requiring payments and share issuances over three years. The G2B Gold Option provides a similar opportunity for four claims under a 1.5% NSR. This strategic expansion aligns with Sokoman's focus on gold projects and strengthens its position as one of the largest landholders in Newfoundland.