PIRATE GOLD Stock Price, News & Analysis

Pirate Gold Corp. (OTCQB: SICNF), formerly Sokoman Minerals Corp., is a gold exploration company active in the gold ore mining industry within the broader mining, quarrying, and oil and gas extraction sector. According to company disclosures, Pirate Gold is described as the dominant explorer along the Valentine Lake Fault Zone in Newfoundland, which it calls "Canada's newest gold district." The company’s common shares trade on the TSX Venture Exchange under the symbol YARR and on the OTCQB Venture Market under the symbol SICNF.

The company states that its primary focus is its 100% owned, district-scale Treasure Island Gold Project in central Newfoundland. This project covers a large strike length along the Valentine Lake Fault Zone, a regional fault structure associated with significant gold mineralization in the area. Pirate Gold reports that Treasure Island has been assembled through the consolidation of multiple mineral licences and claim acquisitions, transforming earlier Moosehead and Crippleback claim groups into a single, district-scale project.

Treasure Island Project and Valentine Lake Fault Zone

Company news releases explain that the Treasure Island Project covers a long trend of mineral licences along the Valentine Lake Fault Zone. Earlier, as Sokoman Minerals, the company reported that its mineral licence holdings along the fault would expand to over 65 km of strike length and a large land position measured in tens of thousands of hectares. Subsequent Pirate Gold updates describe further consolidation and additional mineral claims, with the project now characterized as covering over 80 km and then over 90 km of strike length along the fault corridor as additional licences are acquired and staked.

Within Treasure Island, the company highlights the Moosehead Zone as its most advanced gold zone. Historical disclosures under the Sokoman name describe Moosehead as an advanced-stage, high-grade orogenic gold project with extensive diamond drilling completed and multiple significant zones of gold mineralization identified. Pirate Gold’s more recent updates refer to Moosehead as the starting point for a broader, district-scale exploration strategy along the Valentine Lake Fault Zone.

Exploration Focus and Drilling Programs

Pirate Gold reports that it is executing large-scale exploration programs at Treasure Island. Company news indicates that a 50,000 metre diamond drilling program has been initiated at the project, with two diamond drills active and a third rig anticipated to mobilize. The stated objectives of this program include expanding known high-grade zones at Moosehead and testing new regional structural and geophysical targets across the broader project area.

According to detailed drilling updates, the company is testing both the Moosehead Eastern and Western trends and regional geophysical targets. Drill hole summaries describe intersections of structural zones, stylolitic quartz veins, sulphide mineralization, and visible gold in several holes. The company cautions that the presence of visible gold in core is not, by itself, indicative of high gold assay grades, and that assay results are pending laboratory analysis. These disclosures emphasize that all intervals are reported as downhole lengths and that true widths are not yet known.

Earlier, as Sokoman Minerals, the company also described a deep drilling program at Moosehead, targeting depth extensions of existing zones and potential parallel structures. That program included plans for deep drill holes to test the Eastern Trend, Western Trend, and other zones at greater depths than previously drilled, as part of a broader exploration program measured in tens of thousands of metres of drilling.

Project Portfolio and District-Scale Strategy

Company descriptions under both the Sokoman Minerals and Pirate Gold names consistently present a portfolio of gold projects centered on Newfoundland and Labrador. Sokoman Minerals characterized itself as a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, with a portfolio that included the Moosehead project, the Crippleback Lake project, and the district-scale Fleur de Lys project. The company also disclosed a strategic alliance with Benton Resources Inc. involving joint-venture properties such as Grey River, Golden Hope, and Kepenkeck, as well as a spin-out of the Golden Hope project into Vinland Lithium Inc., in which Sokoman retained a share position.

More recent Pirate Gold disclosures keep the focus on Treasure Island as a district-scale gold project and on the Fleur de Lys Project as another district-scale gold project in the company’s portfolio. The company positions Treasure Island as containing the largest mineral licence package and longest strike length along the Valentine Lake Fault, and states that it is the dominant explorer along strike of the Valentine Gold Mine, a producing gold mine operated by another company along the same regional fault structure. Pirate Gold notes that, outside of the Moosehead Zone, very limited exploration and drilling have occurred along much of the Treasure Island Project, leaving substantial areas open for new discoveries.

Technical Oversight and Qualified Persons

The company’s technical disclosures reference Qualified Persons under National Instrument 43-101 who review and approve scientific and technical information in its news releases. For example, Pirate Gold identifies its VP Exploration as a Qualified Person responsible for reviewing and approving technical content related to drilling and exploration updates. Earlier Sokoman releases similarly identify Qualified Persons responsible for validating exploration data, drilling results, and analytical methods.

Company communications also outline sample handling and analytical procedures for core samples, including the use of accredited assay laboratories, fire assay methods, total pulp metallics for samples with visible gold, and the insertion of blanks, standards, and duplicates for quality assurance and quality control. These details are provided to support the reliability of reported assay results and exploration data.

Corporate Evolution: From Sokoman Minerals to Pirate Gold

On December 1, 2025, the company announced that it had changed its name from Sokoman Minerals Corp. to Pirate Gold Corp. and that its common shares had commenced trading on the TSX Venture Exchange under the new ticker symbol YARR. The company confirmed that its shares would continue to trade on the OTCQB Venture Market under the ticker SICNF. This name and symbol change was described as unifying the company’s identity under the Pirate Gold banner and reflecting a renewed focus on exploration and value creation at the Treasure Island Project.

Prior to the name change, Sokoman Minerals reported a series of leadership appointments and board changes, emphasizing experience in mineral exploration, geology, capital markets, and corporate governance. These updates highlighted the company’s intention to advance its flagship Moosehead project and broader exploration portfolio in Newfoundland and Labrador.

Communication and Investor Engagement

Pirate Gold has introduced a documentary-style video series called "Pirate Gold Treasure Hunters" to provide a behind-the-scenes view of its exploration activities at Treasure Island. The series features on-site drilling updates, geological walkthroughs, and commentary from the technical team as they interpret drill core and refine the district-scale exploration model. The company positions this series as a way for shareholders and viewers to follow the exploration story in real time.

Company news releases consistently caution that trading in its securities should be considered highly speculative and that forward-looking statements are subject to risks and uncertainties. These standard disclaimers are typical of early-stage exploration companies in the gold sector.

Summary

In summary, Pirate Gold Corp. (SICNF) is a gold exploration company that describes itself as the dominant explorer along the Valentine Lake Fault Zone in Newfoundland. Its central asset is the 100% owned, district-scale Treasure Island Gold Project, anchored by the advanced Moosehead Zone and supplemented by additional gold projects such as Fleur de Lys. Through extensive drilling, claim consolidation, and technical programs overseen by Qualified Persons, the company is pursuing a district-scale exploration strategy in what it identifies as Canada’s newest gold district.