Pirate Gold Initiates 50,000 m Drilling Program and Launches New Video Series at Its Treasure Island Project
Rhea-AI Summary
Pirate Gold (OTCQB: SICNF) has started a 50,000 metre diamond drilling program at its wholly owned Treasure Island Project in central Newfoundland, with two drills active and a third rig scheduled to mobilize in early 2026. The program is expected to run throughout 2026 and will focus on expanding the high-grade Moosehead zone and testing new regional targets across the project's 80+ km strike along the Valentine Lake fault zone. Pirate Gold also launched a new investor video series, beginning with a teaser released today, to provide on-site drilling updates, core reviews, structural walkthroughs, and technical commentary to bring shareholders "into the hunt."
Positive
- 50,000 m planned diamond drilling campaign
- Two diamond rigs active; third rig mobilizing in early 2026
- Program scheduled to run throughout 2026
- Project covers 80+ km strike along Valentine Lake fault zone
- New video series increases investor communication and transparency
Negative
- None.
News Market Reaction
On the day this news was published, SICNF gained 6.06%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
While SICNF shows a 14.62% gain with strong volume, key gold peers like TINFF (-5.66%), PANXF (-2.95%), and DGDCF (-1.53%) were down, with NOMNF and HAYAF flat. This points to a stock-specific move rather than a sector-wide gold rally.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 09 | Advisor & media | Positive | +3.6% | Appointment of leading orogenic gold expert and launch of exploration video episode. |
| Dec 04 | Drill campaign launch | Positive | +6.1% | Start of <b>50,000 m</b> drilling at Treasure Island plus investor-focused video series. |
| Dec 01 | Rebrand & symbol | Positive | +34.8% | Commencement of trading under new symbol YARR and refreshed corporate materials. |
| Oct 20 | Property deals & financing | Neutral | -4.2% | Keats and Stony Lake transactions plus update on underwriters’ FT share option. |
| Oct 08 | District consolidation | Positive | +34.4% | Tripling of claim holdings to build the 100% owned Treasure Island Project. |
Recent news tied to Treasure Island expansion, rebranding, and technical advancement has generally seen positive and aligned price reactions, suggesting investors have rewarded district-scale growth and project-focused updates.
Over the last few months, the company advanced its district-scale Treasure Island strategy. On Oct 8, 2025, it tripled claim holdings along 65+ km of the Valentine Lake Fault, followed by further property deals and a financing update on Oct 20, 2025. A corporate rebrand to Pirate Gold with new symbol YARR came on Dec 1, 2025, then this 50,000 m drill program and investor video series on Dec 4, 2025. On Dec 9, 2025, a world-renowned orogenic gold expert was added as Strategic Advisor, reinforcing the technical focus.
Market Pulse Summary
The stock moved +6.1% in the session following this news. A strong positive reaction aligns with the company’s history of upbeat responses to Treasure Island milestones and corporate evolution. Prior events around district consolidation and rebranding saw sizeable gains, and this 50,000 m drilling launch extends that narrative. However, with shares already trading near the 52-week high and after multiple news-driven runs, investors faced the persistent risk that momentum could fade if drill results, funding visibility, or execution updates do not keep pace with expectations.
Key Terms
diamond drilling technical
drill core technical
fault zone technical
geological technical
AI-generated analysis. Not financial advice.
- Two rigs active and a third mobilizing in early 2026 for a 50,000 m campaign designed to expand high-grade zones and test new regional structures
- New shareholder video series will bring investors inside the hunt (https://www.youtube.com/watch?v=Hcjxi92GphY) - teaser video released today
St. John's, Newfoundland and Labrador--(Newsfile Corp. - December 4, 2025) - Pirate Gold Corp. (TSXV: YARR) (OTCQB: SICNF) ("Pirate Gold" or the "Company") is pleased to announce that it has initiated a 50,000 metre diamond drilling program at its wholly owned Treasure Island Project in central Newfoundland. The Treasure Island Project covers over 80 km of strike along the Valentine Lake fault zone in Canada's newest gold district.
Highlights
- Drilling has commenced at Treasure Island with two diamond drills on site and a third rig scheduled to mobilize in early 2026
- The program is expected to run throughout 2026
- Initial focus of the drilling program will be on the expansion of known zones at high grade Moosehead zone with a primary focus on new regional discoveries throughout the district scale project
"We recognized early on in our assessment of Treasure Island that discoveries here are going to be made with the drill bit," said Greg Matheson, VP Exploration of Pirate Gold. "With the amalgamation of a number of prospects across a vast area of favourable geology we have a truly regional scale project on our hands with potential to host a number of mineral systems.
"Our team is rapidly moving targets through our exploration pipeline to the drilling stage and embarking on an ambitious drilling program will allow us to explore both the developed prospects and grass roots targets at a rapid pace."
New Video Series: Join the Hunt at Treasure Island
Pirate Gold is launching a new corporate video series, starting with a teaser video released today, designed to bring shareholders directly into the exploration process as it unfolds.
Cannot view this video? Visit:
https://www.youtube.com/watch?v=Hcjxi92GphY
The series will walk investors through the real work behind discovery; how targets are generated, why structures along the Valentine Lake Fault Zone matter, what early drill core reveals, and how the team is advancing a truly regional-scale opportunity. The aim is to help investors clearly understand what we're doing, why it matters, and how each result builds the bigger picture.
The full series will feature:
- On-site drilling updates and core reviews
- Geological and structural walkthroughs
- Prospect-level fieldwork and technical progress
- Commentary from the exploration team on how each step refines the model
"Our exploration model at Treasure Island is built on scale. Scale of geology, scale of opportunity, and now scale of communication," said Denis Laviolette, Executive Chairman and CEO. "We want shareholders to feel like they're on the ground with us. This series brings them into the hunt, showing exactly how each hole, each structure, and each decision fits into the larger story we're chasing."
Viewers are encouraged to join the hunt by subscribing to the Pirate Gold YouTube channel: https://www.youtube.com/@PirateGoldCorp
About Pirate Gold Corp.
Pirate Gold Corp. is led by an experienced management team and is the dominant explorer along the Valentine Lake Fault zone in Newfoundland, Canada's newest gold district. The Company's primary focus is its
For more information, please contact:
Denis Laviolette, Executive Chairman, CEO & Director
E: denis@pirategold.ca
Cathy Hume, VP Corporate Development & Director
T: 416-868-1079 x 251
E: cathy@chfir.com
Website: www.pirategold.ca
YouTube: @PirateGoldCorp
Twitter: @PirateGoldCorp
Facebook: @PirateGoldCorp
LinkedIn: @PirateGoldCorp
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Company should be considered highly speculative. This news release contains "forward-looking statements" within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be "forward-looking statements." Actual results may differ materially. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as "anticipates", "plans", "scheduled", "believed" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) including statements regarding the Company's plans with respect to the Company's projects and the timing related thereto, the merits of the Company's projects, the Company's objectives, plans and strategies, the receipt of TSXV final approval for the Offering, the use of proceeds of the Offering, and other matters are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements. Factors that may cause results to vary include delays in obtaining necessary approvals, changes in the market for the Company's securities, results of exploration, loss of title to properties, delays in obtaining permits or access to mineral properties, including as a result of adverse weather, fire or flood, changes to the Tax Act, rejection of expenditures as Qualifying Expenditures, and factors included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof, except as required by law.
Not for distribution to United States newswire services or for dissemination in the United States.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276863
FAQ
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