Welcome to our dedicated page for PIRATE GOLD news (Ticker: SICNF), a resource for investors and traders seeking the latest updates and insights on PIRATE GOLD stock.
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. (TSXV:SIC)(OTCQB:SICNF) announced a stock option grant for up to 3,000,000 common shares, subject to TSX Venture Exchange approval. These stock options will be exercisable for five years at an exercise price of Cdn $0.22, which is a 30% premium over the current share price. The company focuses on gold projects in Newfoundland, specifically the Moosehead, Crippleback Lake, and East Alder projects. The Valentine Lake project, located nearby, holds significant mineral reserves and resources, highlighting the promising area for gold exploration.
Sokoman Minerals Corp. (SICNF) announced significant high-grade gold findings from its Moosehead Project in Newfoundland. Recent drilling revealed:
- 47.20 g/t Au over 4.60 m and 68.70 g/t Au over 8.10 m from MH-20-115,
- 11.85 g/t Au over 1.80 m and 2.94 g/t Au over 4.30 m from MH-20-116.
These results indicate the high-grade nature of gold at the site. Exploration is ongoing as the company awaits further assay results. The company also plans to extend its drilling program into 2021.
Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) announced positive results from till sampling at the Moosehead Project in Newfoundland, identifying 13 sites with anomalous gold grains ranging from 20 to 111. The calculated gold content varies significantly, with some samples showing up to 440,770 ppb Au. A 10,000 m diamond drilling program is underway, having completed 2,100 m so far. The company will host a webinar on October 20, 2020, to discuss these developments and provide updates on the drilling program.
Sokoman Minerals Corp. has awarded a contract for 10,000 m drilling at the Moosehead Project to Springdale Forest Resources. The first drill rig is mobilizing, with drilling expected to begin soon. The program will focus on the Eastern Trend and explore high-grade mineralization depths. Significant previous drill results include up to 550.30 g/t Au. The company is operating under COVID-19 guidelines to ensure safety. Sokoman is also exploring financial assistance for its ongoing projects.
Sokoman Minerals Corp. has received permits to commence Phase 6 diamond drilling at its 100%-owned Moosehead Gold Project in Newfoundland. The first drill is expected on-site shortly after the Labour Day weekend. Since acquiring the project in 2018, Sokoman has reported significant drill results, including high-grade intersections of gold. The upcoming 10,000 m drilling program aims to expand existing mineralization, with a focus on the lower main zone and new targets. The project shows promise, with mineralization defined over a 500 m strike length and remains open for expansion.