Pirate Gold Commences Drilling at Crippleback, Releases Episode 7 and New Technical Presentation Drills turning at Crippleback , testing a large, intensely altered zone with potential for both orogenic gold and a gold-copper porphyry-style system
Pirate Gold Commences Drilling at
Crippleback, Releases Episode 7 and New
Technical Presentation
Drills turning at Crippleback
, testing a large, intensely altered zone with potential for both
orogenic gold and a gold-copper porphyry-style system
Crippleback geology shares similarities with Equinox Gold's Valentine deposit
, located
along the same structural corridor
New technical presentation by VP Exploration Greg Matheson
outlines the geological model
and multi-deposit potential at Crippleback:
https://youtu.be/nHkDVqCQc9s
Episode 7 of Pirate Gold Treasure Hunters now airing
:
https://youtu.be/GI7ROL3aXa0
New Pirate Gold website
now live with interactive maps, geology, latest videos, and investor
materials:
www.pirategold.ca
St. John's, Newfoundland and Labrador--(Newsfile Corp. - March 20, 2026) -
Pirate Gold Corp.
(TSXV:
YARR) (OTCQB: SICNF) ("Pirate Gold" or the "Company"), is pleased to announce the commencement
of drilling at the Crippleback Lake Target Zone ("Crippleback") within its district-scale Treasure Island
Project in central Newfoundland, alongside the release of Episode 7 of the
Pirate Gold Treasure
Hunters
series and a new technical presentation on Crippleback from VP Exploration Greg Matheson.
Crippleback: Drilling Into the System
With drills actively turning at Moosehead following recent high-grade results and a new zone discovery,
the Company is now advancing a second front at Crippleback.
Crippleback is a distinct geological setting defined by a large, intensely altered zone identified through
mapping, drilling, and geophysical surveys, alongside a significant concentration of gold, copper, and
molybdenum surface mineralization, supporting the potential for a gold-copper porphyry-style system.
Denis Laviolette, Executive Chairman & CEO, commented:
"With drilling underway at Moosehead delivering high-grade results, we're now stepping into the next
phase of the story at Crippleback. What stands out here is the scale and intensity of alteration across the
system. Situated along the same structural corridor as Equinox Gold's Valentine deposit, this is exactly
the type of setting where large gold systems can develop. Our focus now is to connect the dots between
high-grade veins and the broader system driving them."
The Company believes this dual-track approach, combining high-grade vein expansion at Moosehead
with drilling at Crippleback, significantly enhances the discovery potential across the 78,600 hectare, 92
km strike Treasure Island Project.
Pirate Gold Treasure Hunters Season 1 Episode 7 - Treasure In the Depths
Episode 7 of
Treasure Hunters
follows the next phase of the 2026 exploration campaign as the
Company expands beyond Moosehead and begins drilling at Crippleback. The episode features:
The expansion from high-grade drilling at Moosehead into system-scale targeting at the
Crippleback Target, marking the next step in unlocking the Treasure Island system
Field mapping and geological observations highlighting a large, intensely altered zone with
associated gold, copper, and molybdenum
Initial drilling at Crippleback designed to test the source of the alteration system and better
understand controls on mineralization
Ongoing drilling at Moosehead continuing to define and expand high-grade vein-hosted gold
mineralization
The evolving geological model across Treasure Island, linking high-grade veins to a potentially
larger underlying mineralizing system
Cannot view this video?
Visit:
https://www.youtube.com/watch?v=GI7ROL3aXa0
Inside Crippleback: The Geology Behind Pirate Gold's Newest Target
Alongside Episode 7 of
Treasure Hunters
, the Company has released a detailed technical presentation
led by VP Exploration Greg Matheson, outlining the geological model at Crippleback. The presentation
highlights the potential for multiple deposit types, including orogenic gold, copper-gold porphyry, and
epithermal systems - supported by large-scale alteration, strong geophysical anomalies, and
widespread copper-molybdenum mineralization.
Cannot view this video?
Visit:
https://www.youtube.com/watch?v=nHkDVqCQc9s
New Pirate Gold Website Launch
The Company also announces the launch of its newly redesigned website, providing investors with a
comprehensive view of the Treasure Island Project and the Pirate Gold story. The new website features:
An updated overview of the Treasure Island Project along the Valentine Lake Fault
Interactive maps, geology, and exploration strategy across the district-scale land package
The latest videos, including the
Pirate Gold Treasure Hunters
series
Investor presentations and corporate materials
Visit:
www.pirategold.ca
Drill holes discussed in Treasure Hunters Series
Drill hole PGC-26-058 has been initiated at Crippleback to follow-up on the strong alteration zone
encountered in drilling from 2024. The hole is anticipated to extend to deeper depths than past drilling.
The initial 55m of this hole has encountered strongly clay altered quartz monzonite with 5-8% pyrite
mineralization.
Drill Hole
Easting
Northing
Azimuth
Dip
PGC-26-058
562451
5398587
345
-65
Table 1 - Drill Hole Information for PGC-25-001 through PCG-25-008
Fig. 1 - Crippleback Zone Location Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6079/289294_153fb6bee468390b_001full.jpg
Qualified Person
Greg Matheson, P.Geo., VP Exploration for Pirate Gold, a "Qualified Person" under National Instrument
43-101, has reviewed and approved the scientific and technical information in this press release.
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 100% owned district-scale Treasure Island Gold Project, along with a portfolio of gold
projects, including the district-scale Fleur de Lys Project.
For more information, please contact:
Denis Laviolette, Executive Chairman, CEO & Director
E
:
Cathy Hume, VP Corporate Development & Director
T:
416-868-1079 x 251
E:
Website:
www.pirategold.ca
:
@PirateGoldCorp
:
@PirateGoldCorp
LinkedIn:
@PirateGoldCorp
Acknowledgment
Pirate Gold acknowledges the financial support of the Junior Exploration Assistance Program,
Department of Natural Resources, Government of Newfoundland and Labrador.
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,
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 Pirate Gold Corp. Pirate Gold Corp. will not update these
forward-looking statements to reflect events or circumstances after the date hereof, except as required
by law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/289294