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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.
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Sokoman Minerals Corp. has reported encouraging progress at its Moosehead Gold Project with diamond drilling at the 463 Zone. Notable results include drill hole MH-23-519, which intersected a 1.4 metre-wide zone of visible gold-bearing quartz veining returning 12.41 g/t Au from 409.75 m downhole, extending the zone 68 m down-plunge. The drilling indicates a potential new plumbing system for gold mineralization, separate from the main Eastern Trend. CEO Tim Froude expressed optimism about encountering high-grade gold around the 511 Zone. The company is well-funded with over $6 million in treasury, anticipating continued drilling by late May. The Moosehead Project remains a key focus, with substantial landholdings in Newfoundland.
Sokoman Minerals Corp. (TSXV:SIC, OTCQB:SICNF) announces its participation in the Emerging Growth Conference on March 22, 2023, at 10:15 AM EST. The event offers shareholders and the investment community a chance to engage with President & CEO Tim Froude for project updates, including the Moosehead Gold and Kraken Lithium projects. Questions can be submitted in advance via email. Registration is required to attend, with a recorded archive available post-event. The conference aims to highlight growth companies and innovative products to a wide audience of investors.
Sokoman Minerals Corp. (TSXV:SIC) and Benton Resources Inc. (TSXV:BEX) report promising results from their Phase 3 drill program at the Golden Hope Joint Venture. Completed in December 2022, the drilling encompassed 1,607 m across 11 holes, revealing significant lithium mineralization. Notably, hole GH-22-27 intersected 15.23 m at 1.04% Li2O. The Killick Zone shows potential for further expansion, remaining open in all directions. Additionally, soil sampling indicates a potential extension of lithium-enriched dykes by 2,000 m. A Phase 4 drill program of at least 5,000 m is set for early spring 2023.
Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) announced promising results from its Moosehead Gold Project in Newfoundland. Drill hole MH-22-505 intersected 21.35 m of gold mineralization with an average grade of 9.75 g/t Au, including a high-grade segment of 7.75 m at 21.82 g/t Au. Additionally, a new 511 Zone was identified, with hole MH-22-511 revealing a 20.97 m mineralized zone averaging 1.12 g/t Au. The Moosehead Project now shows significant potential with multiple mineralized zones open for further exploration, and the company remains well-funded with over $7 million in treasury.
Sokoman Minerals Corp. has successfully closed its flow-through private placement, raising a total of $4,142,752 through the issuance of 14,795,544 flow-through share units at a price of $0.28. Each unit includes one common share and a half share purchase warrant, allowing for the purchase of additional shares at $0.36 over 18 months. The proceeds will primarily fund exploration work in the company's properties, targeting projects like the Golden Hope joint venture and the flagship Moosehead Gold project.
Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) has increased its flow-through private placement limit from $3 million to $4,142,752 due to strong demand. The company plans to issue 14,795,544 flow-through share units at $0.28 each, with each unit including a half warrant exercisable at $0.36 for 18 months. Proceeds will fund exploration for projects qualifying as Canadian Exploration Expenses, specifically 25% allocated to the Golden Hope project and the remainder to the Moosehead Gold project.
Sokoman Minerals Corp. announced final results from 1,260 till samples taken at the Fleur de Lys project in Newfoundland, confirming significant gold mineralization potential. Over 25% of samples had at least 20 gold grains, with some containing more than 60 grains. Prospecting also found over 34 bedrock samples with gold values exceeding 100 ppb, peaking at 4.6 g/t. The company plans to pursue the identified anomalies for further exploration activities. The project is viewed as highly prospective for orogenic vein-hosted gold deposits related to the Dalradian Supergroup.
Sokoman Minerals Corp. (TSXV:SIC, OTCQB:SICNF) announced the completion of drill hole MH-22-505 at the Moosehead Gold Project, intersecting significant visible gold veins within the 463 Zone. The hole reached a depth of 559 m and confirmed mineralization extending beyond previous depths. The company is well-funded with over $7 million in treasury, with drilling planned to continue in January 2023. Assay results from the latest drill are expected by year-end, potentially enhancing the project's prospects for high-grade gold discovery.
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