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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 has provided an update on its Moosehead Gold Project exploration. The company reported significant results from Western Trend trench channel samples, yielding 22.45 g/t Au over 4.05m, including 35.93 g/t Au over 3.00m. A 150 kg sample has been sent to Base Met Labs for metallurgical testing, with results expected in late Q4 2024 or Q1 2025. The company has completed 50% of mapping and channel sampling at the Western Trend conventional bulk sample area, where trenching has exposed the quartz mineralized zone.
Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) has provided an update on its maiden drilling program at the Fleur de Lys Property in northwestern Newfoundland. The company has completed 1,442 metres of NQ-sized diamond core drilling in 16 holes. The drilling has intersected previously unknown structures, shear and quartz vein zones with associated sulphide mineralization, showing potential for gold mineralization. Assays are pending for all 465 core samples sent to Eastern Analytical
The 2,000 m Phase 1 program is testing historical and new targets, including the Golden Bull Prospect discovered in 2023. The drilling has focused on an approximately 8 km2 area with several discrete targets. The program aims to locate the source of mineralized boulders and test additional targets in the northern portion of the property.
Sokoman is targeting "Dalradian-type" orogenic gold mineralization similar to the Curraghinalt deposit in Northern Ireland, which hosts more than 6 million ounces of gold. The company will continue drilling for two to three more weeks, with decisions on follow-up drilling to be made once all assays are received.
Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) has provided updates on its Moosehead Gold Project in central Newfoundland. The company is focusing on two bulk sample projects: a conventional sample on the Western Trend and a surgical mining technique sample with Novamera Inc. at the Footwall Splay in the Eastern Trend. Excavation is underway in Area C of the Western Trend, where a zone of quartz veining with associated mineralization has been exposed. The vein contains visible gold and abundant boulangerite and arsenopyrite. The Novamera project is in the modeling phase, with the extraction rig available in June 2025. Diamond drilling results are pending for 28 holes, and operations are on hold awaiting guidance and a structural report. The company anticipates completing the Western Trend bulk sample this year, which will provide important insights into metallurgy and gold recoveries at Moosehead.
Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) has launched a 2,000-meter Phase 1 diamond drilling program at its Fleur de Lys Gold Project in northwestern Newfoundland. The program will consist of 20 holes averaging 100 meters in depth, targeting historical showings and newly identified prospects, including the Golden Bull area discovered in 2023. The drilling aims to test at least five distinct target areas, with approximately 50% of the program focused on Golden Bull.
The Golden Bull Prospect has shown promising results, with 124 grab samples yielding 34 values >500 ppb Au and a maximum of 9.02 g/t Au. The company is targeting Dalradian-type, orogenic gold mineralization similar to the Curraghinalt deposit in Northern Ireland, which hosts over 6 million ounces of gold. Drilling will be conducted by Springdale Forest Resources, with assaying performed by Eastern Analytical
Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) has provided an update on its 2024 exploration program at the Fleur de Lys Gold Project in northwestern Newfoundland. The company has collected and analyzed 89 rock samples since May 1, 2024, with 37 samples yielding gold assays over 100 ppb and 12 samples exceeding 1,000 ppb gold. The highest grade sample returned 5.47 g/t Au. The exploration has focused on the Golden Bull Prospect, discovered in late 2023, which is part of a larger anomalous area. Sokoman is preparing for a 2,000 m maiden drill program, expected to begin in mid-August, pending final permits. The company is targeting Dalradian-type orogenic gold mineralization, similar to significant deposits in Northern Ireland.
Sokoman Minerals has completed a second round of surveying at the Footwall Splay of its Moosehead Gold Project in Newfoundland. Partnering with Novamera, the company has expanded the 3D modeling to confirm high-grade gold veins. The next steps involve identifying a site for a 1000 cubic meter bulk sample and conducting a preliminary economic assessment. Concurrently, Sokoman is exploring the Western Trend for bulk sampling, targeting zones near historical high-grade intersections. The ongoing summer drill program focuses on the Eastern Trend and the 552 Zone, with several drilled holes awaiting results. Permits for trenching activities planned for August have been submitted.
Sokoman Minerals, alongside Benton Resources and Piedmont Lithium, has secured $1.322 million in NSERC grants for a three-year research project on the Killick Lithium Property in Newfoundland. The project, initiated on April 1, 2024, aims to understand the geological formation of lithium resources in the region. Led by researchers from St. Francis Xavier University and Memorial University, the study will involve extensive fieldwork and multidisciplinary research. The collaboration includes contributions from Sokoman, Benton, Piedmont, and geoscientists from the Geological Survey of Newfoundland and Labrador. This research aligns with Canada's Critical Minerals Strategy, which prioritizes lithium for economic growth and supply chain development. The project also offers academic training opportunities for students.
Sokoman Minerals has released gold assay results from its winter 2024 drilling at the Moosehead Gold Project in Newfoundland. Significant findings include 10.25 meters at 84.69 g/t Au from the Footwall Splay Zone. The company has signed an MOU with Novamera Inc., to use their proprietary drilling technology for a potential bulk sample. Results from the 552 Zone drilling were mixed, but notable intersections were recorded, such as 2.20 meters at 6.07 g/t Au and 2.75 meters at 5.94 g/t Au. Novamera’s technology aims to provide a high-resolution 3D model of the quartz veins and reduce environmental impact. The permitting process will begin after completing the 3D modeling and extraction plan.
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