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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. announced a non-brokered private placement of flow-through units, aiming for gross proceeds of $3,000,000, set to close by December 28, 2022. Priced at $0.28 per unit, each consists of one common share and a warrant priced at $0.36 for an 18-month period. Funds will be allocated to Canadian exploration expenses, with 25% directed to the Golden Hope project and the remainder to the Moosehead Gold project. The company holds $4.7M in treasury for operational needs in 2023.
Sokoman Minerals Corp. and Benton Resources have announced a significant cesium discovery named Hydra Zone at the Golden Hope Project in Newfoundland. Recent channel sampling revealed up to 13.57% Cs2O and averaged 8.75% Cs2O over 1.2 m, indicating a potentially high-grade resource. This dyke has a width of 5-6 m and extends approximately 100 m. The Alliance plans further exploration but faces winter challenges. Additionally, the global cesium market is projected to double in five years, highlighting the strategic importance of this resource.
Sokoman Minerals Corp. reported significant assay results from the ongoing 100,000 m Phase 6 drilling program at the Moosehead gold project.
Drill hole MH-22-463 revealed 39.6 m grading 12.50 g/t Au, including 10.25 m at 41.97 g/t Au, indicating a new gold occurrence deeper than previously modeled areas.
The program also includes 14 additional holes along the Western Trend, although most show low values. The company plans to continue drilling in 2023, backed by over $4.5 million in funds.
Sokoman Minerals Corp. and Benton Resources Inc. have discovered a high-grade cesium-rich dyke with grab samples showing up to 1.56% Cs2O. This marks the first high-grade cesium mineralization recorded on Newfoundland. The dyke measures approximately 5 m - 6 m wide and extends for 100 m. The companies will soon begin Phase 3 drilling at the Kraken lithium site, where samples previously showed values exceeding 1% Li2O. The discovery highlights the growing significance of cesium, lithium, and tantalum as critical minerals essential for economic and national security.
Sokoman Minerals Corp. (OTCQB:SICNF) and Benton Resources (TSXV:BEX) announced significant progress in drilling lithium at the Kraken Lithium project and gold at the Grey River Gold project in Newfoundland. The Alliance's winter drilling campaign confirmed lithium-rich dykes with intersections up to 2.37% Li2O and significant lengths, including 0.94% Li2O over 8.4 m. Additionally, the Grey River project is undergoing a 2,000 m gold drilling program, with promising intersections from earlier drilling.
Sokoman Minerals Corp. (OTCQB:SICNF) announced promising drill results from the Moosehead Gold Project, revealing the deepest intersection of visible gold to date. Drill hole MH-22-418 encountered 5.92 m of 4.14 g/t Au, while MH-22-422 showed 7.00 m of 8.03 g/t Au, highlighting a potential new high-grade zone in the Lower Eastern Trend. The company has significant plans for further drilling, targeting an additional 40,000 metres. With over $8 million in funding, Sokoman continues to explore its substantial land holdings in Newfoundland.
Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) and Benton Resources Inc. (TSXV:BEX) have initiated drilling at the Grey River Gold Project in Newfoundland. The program includes a planned 20-hole campaign, building on a successful 2021 season. The first two holes are logged and sampled for gold analysis. The Kraken Lithium camp is nearing completion, with drilling set to start soon. Both companies are pursuing aggressive exploration strategies, with commitments for further prospecting and soil sampling at various projects. The alliance controls over 150,000 hectares across Newfoundland.
Sokoman Minerals Corp. (TSXV:SIC, OTCQB:SICNF) announced high-grade assay results from its Moosehead Project, with the 75 Zone now linked to the Eastern Trend. The deepest visible gold was detected at 352 m depth in hole MH-22-418. Key results include:
- MH-22-392: 2.35 m of 25.58 g/t Au
- MH-22-385: 4.29 m of 14.56 g/t Au
- MH-22-366: 1.40 m of 133.94 g/t Au
- MH-22-359: 1.00 m of 95.03 g/t Au
With over $12 million in treasury, Sokoman is poised to continue its extensive drilling campaign targeting high-grade gold mineralization.
Sokoman Minerals Corp. announces plans for ongoing drilling across its Moosehead, Fleur de Lys, and joint venture properties in collaboration with Benton Resources. With a treasury of $13M, the company is set to complete 120,000 metres of diamond drilling by year-end, focusing on high-grade gold and lithium targets. Major efforts include expanding the Eastern Trend at Moosehead, where drilling is in progress with promising past results showing up to 39.57 g/t Au. The company aims to define drill targets for Fleur de Lys while advancing joint venture projects in Grey River and Golden Hope.
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