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Pirate Gold Corp. reports news on district-scale gold exploration in central Newfoundland, with emphasis on its 100% owned Treasure Island Gold Project along the Valentine Lake Fault Zone and its broader portfolio that includes the Fleur de Lys Project. Company updates commonly cover diamond drilling at Moosehead and Crippleback Lake, assay results, vein discoveries, alteration and sulphide mineralization, geophysical targets, and mineral-claims consolidation.
Recurring corporate news also includes trading-symbol updates, mineral licence agreements, exploration presentations, and management changes tied to the company’s public-market profile on the TSX Venture Exchange and OTCQB.
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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