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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) issued a correction to its earlier press release regarding leadership appointments from September 29, 2025. The company clarified that the exercise price of stock options mentioned in the original release was incorrectly stated as $0.05. The correct exercise price is $0.055 per common share. All other details from the original announcement remain unchanged.
Sokoman Minerals Corp. (OTCQB: SICNF) has announced significant leadership changes effective September 29, 2025. Denis Laviolette has been appointed as Director, Executive Chairman, and CEO, bringing over 20 years of mining and capital markets experience. He is notably the founder of EarthLabs Inc. and former President/CEO of New Found Gold Corp.
Other key appointments include Timothy Froude transitioning to President, Gary Nassif joining as Director, and Greg Matheson becoming VP Exploration. The company has granted a total of 22 million stock options to Laviolette and Matheson, exercisable at $0.05 per share for three years.
Sokoman Minerals Corp. (OTCQB: SICNF) has announced plans to resume diamond drilling at its 100%-owned Moosehead Gold Project in central Newfoundland. The program will begin with deep drilling up to 1,000m depth, focusing on testing the Eastern Trend and Western Trend gold zones for depth extensions.
The company has already completed 135,325m of core drilling in 672 holes, identifying five significant gold mineralization zones. The new program, part of a larger 15,000m 2025 drilling initiative, will start with 2-3 deep holes, including MH-25-673 and MH-25-674, targeting previously untested depths and potential parallel zones. Notable previous results include an intercept of 39.60m at 12.50 g/t Au from the 463 Zone.
Sokoman Minerals Corp. (OTCQB: SICNF) has expanded its land position at Crippleback Lake in Central Newfoundland through two property purchase agreements. The company acquired 105 mineral claims from United Gold Inc. for $20,000 cash and 500,000 common shares, and 74 mineral claims from David Evans for $2,500 cash and 100,000 common shares, subject to a 1% NSR.
The Evans agreement includes an option for Sokoman to purchase half of the NSR for $500,000, and a $15,000 payment if the property is optioned to a third party. With these acquisitions, Sokoman now controls over 13,000 hectares at Crippleback Lake. The company plans immediate exploration activities including IP geophysical surveys, soil and rock sampling, and geological mapping.
Sokoman Minerals (OTCQB: SICNF) has expanded its Crippleback Lake Property to 530 claims (13,250 hectares) in central Newfoundland. The company's Phase 1 drilling program has revealed significant porphyry-style alteration and mineralization, with nine diamond drill holes completed across 1,839 meters.
Key findings include strong argillic alteration in multiple drill holes, with significant intersections including 146 meters of mineralization in CL-24-3 with gold values up to 110 ppb, and copper values reaching 0.44% in some sections. The property shows characteristics consistent with porphyry copper/gold and epithermal gold systems, confirmed by expert analysis from Dr. Stephen Piercey.
The company has initiated its 2025 exploration program, including a Phase 2 IP survey covering 25 line kilometers, additional soil sampling, and prospecting, with further drilling planned for Q4 2025.
Sokoman Minerals (OTCQB: SICNF) has announced significant updates across three key properties in Newfoundland. At Moosehead, the company has indefinitely postponed bulk sampling due to processing challenges, but plans to implement a new drilling program including three 1,000m deep holes. At Crippleback Lake, exploration revealed promising copper mineralization with samples showing up to 5.4% copper, and Phase 1 drilling suggests potential for a porphyry copper-gold or epithermal gold system. The property has been expanded to cover 300 claims along a 22-km prospective fault line.
At Fleur de Lys, the company plans to explore unprospected anomalies in the southern portion, following up on discoveries including boulder samples with values up to 9.04 g/t Au in the Golden Bull area. The company has engaged experts and plans additional surveys, trenching, and drilling across all properties.
Sokoman Minerals Corp (SICNF) has received conditional approval from the TSX Venture Exchange for a CAD$400,000 non-brokered flow-through private placement financing. The company has closed the first tranche, issuing 6,000,000 flow-through common shares at CAD$0.05, raising CAD$300,000. The company will pay CAD$18,000 in finders' fees and issue 360,000 broker warrants exercisable at CAD$0.07 for one year.
Additionally, Sokoman received CAD$150,000 through the Mineral Incentive Program from the Government of Newfoundland and Labrador. The company's treasury will strengthen to approximately CAD$1.3 million. The funds will be used for eligible Canadian exploration expenses, which must be incurred by December 31, 2026.
Sokoman Minerals Corp. (SICNF) has filed for conditional approval with the TSX Venture Exchange for a CAD$400,000 non-brokered flow-through private placement financing. The company has closed the first tranche, issuing 6 million common shares at CAD$0.05, raising CAD$300,000. The company will pay CAD$18,000 in cash finders' fees and issue 360,000 non-transferable broker warrants exercisable at CAD$0.07 for one year. The securities have a four-month and one-day hold period. The proceeds will be used for eligible Canadian exploration expenses on the company's projects, with a commitment to incur these expenses by December 31, 2026.