Pirate Gold Intercepts 65.1 g/t Au over 3.25m in New Rib Vein Discovery at Moosehead New linkage structure discovered between the Eastern and Western trend faults
Pirate Gold Intercepts 65.1 g/t Au over 3.25m
in New Rib Vein Discovery at Moosehead
New linkage structure discovered between the Eastern and Western trend faults
- host to
the Rib Vein - with drilling highlights of 65.1g/t Au over 3.25m in PGC-26-028 at shallow depths
Sixteen holes to date have intersected this new structure
- The Rib Vein shows strong
continuity and drill tested along 150m of strike length and to depths of 90m
Expanding footprint of high-grade vein structures -
Most of the 135,000 meters of drilling to
date has focused on a single structural orientation and potential for additional structures similar to
Rib Vein could increase the overall network of gold bearing structures
Episode 9 of
Pirate Gold Treasure Hunters
now airing:
https://youtu.be/0707Ww90PlI
St. John's, Newfoundland and Labrador--(Newsfile Corp. - April 13, 2026) -
Pirate Gold Corp.
(TSXV:
YARR) (OTCQB: SICNF) ("Pirate Gold" or the "Company"), is pleased to announce high-grade gold
results from the Moosehead Zone and the discovery of a new gold vein, the Rib Vein. The Treasure
Island project covers over 90 km of strike along the Valentine Lake Fault Zone in Canada's newest gold
district.
Moosehead Rib Vein Drilling Highlights:
Drill Hole ID
From (m)
To (m)
Length (m)
Au (g/t)
PGC-26-021
78.45
80.45
2.00
5.17
PGC-26-023
75.40
76.70
1.30
13.8
Including
75.40
76.00
0.60
28.7
PGC-26-028
48.25
51.50
3.25
65.1
Including
50.00
50.65
0.65
309.5
Table 1 - Assay Highlights from Moosehead Rib Vein
*Downhole intervals reported, true widths estimated to be 65-80% of reported intervals
"The discovery of a new high grade vein structure at the Moosehead Zone exemplifies the potential to
expand the mineralized footprint at shallow depths. While much of the known mineralization occurs in
the Eastern and Western trend faults which are oriented to the northwest, we now see that this linkage
structure connecting the two zones can occur oblique to this orientation and opens a new exploration
frontier to build out the density of veining. With sixteen drill holes now defining a 150m long and 90m
deep vein domain, the continuity of this structure is quite strong. It's very early days in understanding
the structural complexity of this type of orogenic system." said Greg Matheson, VP Exploration of
Pirate Gold.
"This is exactly what you want to see in a high-grade system. The Rib Vein confirms that gold at
Moosehead isn't limited to a single structure. We're now starting to unlock multiple orientations, which
is how these systems scale." said Denis Laviolette, Executive Chair and CEO of Pirate Gold.
Fig. 1 - Moosehead Zone Location Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6079/292102_ceb8b499b40dfa6a_001full.jpg
Drilling
Program Results:
PGC-25-014 -
tested a regional geophysical target, a deformation zone was intersected from 158 to
181m but had not provided any significant gold assay results.
PGC-25-013 -
Targeted the northern extension of the Western Trend and intersected the structural zone
from 20 to 45m; significant assays 1.90g/t Au over 1.15m including 3.06g/t Au over 0.45m.
PGC-26-015,017,018 -
Targeted the northern extension of the Eastern Trend with all three holes
intersecting the interpreted structural zone. PGC-26-017 reported 1.51 g/t Au over 1.45m.
PGC-25-010, PGC-26-016,019,022A -
tested regional geophysical targets, PGC-25-010 intersected
pyrite mineralization at depth yielding 1.15g/t Au over 0.40m the remaining three holes intersected
strong fault zones but did not provide any significant gold assay results.
PGC-26-020,021,023,028 -
Targeted the Moosehead western trend and the newly discovered Rib Vein;
drilling highlights from the Rib Vein include PGC-26-021 - 5.17g/t Au over 2.0m including 9.24g/t Au over
0.65m; PGC-26-023 - 13.8g/t Au over 1.30m including 28.7g/t Au over 0.6m; PGC-26-028 - 65.1g/t Au
over 3.25m incl 309.5g/t Au over 0.65m.
PGC-25-009,011,012,PGC-26-026,024 -
Targeted the Western Trend depth extension, with all holes
intersecting the Western Trend structure, visible gold mineralization was noted in holes PGC-25-011,
012 and PGC-26-026; significant assays included PGC-25-011 - 3.28g/t Au over 1.40m; PGC-25-012 -
3.54g/t Au over 0.9m; PGC-26-026 - 8.33g/t Au over 1.0m.
PGC-26-025, 027 -
Targeted a southern segment of the Eastern trend, both holes intersected the fault
structure with limited veining and anomalous gold assay results;
PGC-26-029
was terminated before
reaching target depth.
Fig. 2 - Map Showing the Moosehead Mineralized Zones, Structural Corridor and Interpreted
Faults
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6079/292102_ceb8b499b40dfa6a_002full.jpg
Drill Hole
Easting
Northing
Azimuth
Dip
Length (m)
PGC-25-009
613745
5428511
230
-45
149
PGC-25-010
614306
5429058
210
-45
221
PGC-25-011
613729
5428490
230
-45
170
PGC-25-012
613730
5428489
220
-51
134
PGC-25-013
613482
5428694
225
-45
221
PGC-25-014
612883
5428558
255
-45
326
PGC-26-015
613731
5428839
215
-45
242
PGC-26-016
615479
5430029
270
-45
332
PGC-26-017
613713
5429252
250
-45
179
PGC-26-018
613698
5428939
260
-45
140
PGC-26-019
615267
5429888
90
-45
314
PGC-26-020
613719
5428452
222
-45
131
PGC-26-021
613734
5428471
225
-45
158
PGC-26-022A
615166
5429247
60
-45
254
PGC-26-023
613713
5428472
227
-46
122
PGC-26-024
613740
5428564
235
-50
182
PGC-26-025
613923
5428310
285
-45
128
PGC-26-026
613771
5428546
235
-50
188
PGC-26-027
613934
5428266
285
-45
170
PGC-26-028
613759
5428438
230
-45
134
PGC-26-029
613925
5428232
285
-45
53
PGC-26-031
613759
5428439
242
-57
101
PGC-26-032
613771
5428463
230
-51
209
PGC-26-033
613737
5428437
230
-45
65
PGC-26-034
613774
5428444
230
-59
182
PGC-26-035
613768
5428421
228
-47
167
PGC-26-036
613773
5428444
190
-46
72
PGC-26-039
613773
5428445
190
-65
92
PGC-26-040
613772
5428464
220
-65
98
PGC-26-042
613772
5428464
160
-75
101
PGC-26-043
613758
5428470
230
-45
101
PGC-26-045
613771
5428506
230
-48
188
PGC-26-048
613746
5428509
190
-55
146
Table 3 - Drill Hole Information
Drill Hole ID
From (m)
To (m)
Length (m)
Au (g/t)
Target
PGC-25-009
NSR
Western Trend
PGC-25-010
201.95
202.35
0.40
1.15
Regional Geophysical
Target
PGC-25-011
95.00
96.00
1.00
1.12
Western Trend
and
98.85
102.40
3.55
1.68
incl
101.00
102.40
1.40
3.28
and
121.75
122.10
0.35
1.49
PGC-25-012
95.00
95.75
0.75
1.44
Western Trend
and
126.00
126.90
0.90
3.54
PGC-25-013
19.80
20.95
1.15
1.90
Western Trend
incl
20.50
20.95
0.45
3.06
PGC-25-014
NSR
Regional Geophysical
Target
PGC-26-015
NSR
Eastern Trend N ext.
PGC-26-016
NSR
Regional Geophysical
Target
PGC-26-017
117.90
119.35
1.45
1.51
Eastern Trend N ext.
PGC-26-018
NSR
Eastern Trend N ext.
PGC-26-019
NSR
Regional Geophysical
Target
PGC-26-020
55.95
58.95
3.00
0.93
Rib Vein
and
99.00
101.20
2.20
0.65
PGC-26-021
78.45
80.45
2.00
5.17
Rib Vein
incl
79.80
80.45
0.65
9.24
PGC-26-022A
NSR
Regional Geophysical
Target
PGC-26-023
75.40
76.70
1.30
13.8
Rib Vein
incl
75.40
76.00
0.60
28.7
and
104.00
105.00
1.00
2.11
Western Trend
PGC-26-024
NSR
Western Trend
PGC-26-025
NSR
Eastern Trend
PGC-26-026
146.50
147.80
1.30
1.12
Western Trend
and
161.45
162.45
1.00
8.33
PGC-26-027
NSR
Eastern Trend
PGC-26-028
48.25
51.50
3.25
65.1
Rib Vein
incl
50.00
50.65
0.65
309.5
PGC-26-029
NSR
Incomplete
Table 4 - Significant Assays Intervals from PGC-25-009 through PGC-26-029
Drilling
Program Update
Three diamond drills are currently active at the Treasure Island Project; two drills are active at the
Crippleback target, and one drill is active at the Moosehead Zone
Rib Vein Drilling Discussed in Treasure Hunters Series
To date twelve additional holes have focused on the expansion of the Rib Vein at Moosehead.
Initial visual observations from recently completed drill holes are summarized below:
Drill Hole
Target
Visual Observations
PGC-26-031
Moosehead
Rib Vein
Intersected the Rib Vein Zone from 52.8 to 55.1m with individual stylolitic veins up to 25cm; mineralization
consists of pyrite, boulangerite, chalcopyrite and visible gold.
PGC-26-032
Moosehead
Rib Vein
Intersected the Rib Vein Zone from 73.7 to 74.3m seen in PGC-26-028 with quartz vein to 10cm; mineralization
consists of pyrite and boulangerite. Intersected the Western Trend structural zone from 126.6 to 129.4m with
veins up to 40cm, mineralization consists of pyrite, boulangerite and visible gold.
PGC-26-033
Moosehead
Rib Vein
Intersected the Rib Vein Zone from 41.0 to 46.8m with individual veins up to 30cm; mineralization consists of
pyrite, arsenopyrite, boulangerite and visible gold.
PGC-26-034
Moosehead
Rib Vein
Intersected the Rib Vein Zone from 49.1 to 53.0m with individual veins up to 30cm; mineralization consists of
pyrite, arsenopyrite, sphalerite, boulangerite and visible gold.
PGC-26-035
Moosehead
Rib Vein
Intersected the Rib Vein Zone from 23.5 to 25.0m with brecciated and quartz fractured zones; mineralization
consists of pyrite and sphalerite.
PGC-26-036
Moosehead
Rib Vein
Intersected the Rib Vein Zone from 32.25 to 33.6m with brecciated and quartz fractured zones; mineralization
consists of pyrite.
PGC-26-039
Moosehead
Rib Vein
Intersected the Rib Vein Zone from 37.7 to 45.1m with brecciated and quartz fractured zones; mineralization
consists of pyrite.
PGC-26-040
Moosehead
Rib Vein
Intersected the Rib Vein Zone from 65.8 to 67.2m with brecciated and stylolitic vein up to 75cm. Mineralization
consists of pyrite, boulangerite, sphalerite and visible gold.
PGC-26-042
Moosehead
Rib Vein
Intersected the Rib Vein Zone from 58.2 to 62.0m with individual stylolitic veins up to 30cm. Mineralization
consists of pyrite.
PGC-26-043
Moosehead
Rib Vein
Intersected the Rib Vein Zone from 79.3 to 80.8m with individual stylolitic veins up to 10cm. Mineralization
consists of pyrite, boulangerite and sphalerite.
PGC-26-045
Moosehead
Rib Vein
Intersected the Rib Vein Zone from 109.9 to 113.0m with brecciated and quartz fractured zones. Mineralization
consists of pyrite, boulangerite and sphalerite.
PGC-26-048
Moosehead
Rib Vein/Western
Trend
Intersected the Rib Vein Zone from 91.1 to 94.3m with quartz fractured zones. Mineralization consists of pyrite.
Intersected the Western Trend fault zone from 134.8 - 140.0m, mineralization consists of pyrite.
Table 5 - Visual Observations of Drill Core from Drill Holes Targeting the Rib Vein
The Company cautions that the presence of visible gold mineralization is not indicative of high gold
assay grades and that drill core samples will or have been submitted to a certified
laboratory for analysis of gold content. Assay values for the discussed intervals will be released when
available. All intervals are downhole depths, and true widths are not known at this time.
Pirate Gold Treasure Hunters Season 1 Episode 9 - Tying the Timbers
Episode 9 of Pirate Gold Treasure Hunters captures the discovery of the Rib Vein Zone at Moosehead
and what it means for the growing system. The episode features:
Strong vein widths and visible gold from the Western Trend, consistent with previous high-grade
drilling
A growing orogenic system with multiple fault-hosted zones along the Valentine Lake Fault
Drill intercepts outside the current model, pointing to additional unrecognized veins
Discovery of the Rib Vein, linking the Eastern and Western trends, returning up to 65.1 g/t Au over
3.25m
Follow-up drilling tracing the vein over ~150m of strike and ~90m vertically, confirming continuity
and remaining open at depth
Cannot view this video?
Visit:
https://www.youtube.com/watch?v=0707Ww90PlI
Subscribe to Pirate Gold's YouTube channel for weekly episodes of
Treasure Hunters
and follow the drill
in real time:
https://www.youtube.com/@PirateGoldCorp
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
QAQC Statement
Diamond drill holes are HQ size and are processed at the Company's secure core logging facility in
Grand Falls-Windsor, NL by qualified geologists and technicians. Drill core samples are sawn in half and
submitted to ALS Canada Ltd. ("ALS"), Thunder Bay, ON for gold determination by PhotonAssay™
method and Vancouver, BC for multi-element analysis.
Drill core samples analyzed at ALS are submitted under prep codes LOG-21, CRU-31 and SPL-32a.
ALS performs Au-PA02 analysis on all samples. Any sample received with an Au-PA02 value greater
than 0.8 ppm undergoes Au-PA02e. Results of Au-PA02e use a weighted average for final assay
determination.
The Company inserts quality control (QC) samples at regular intervals, including blanks, reference
materials and field duplicates to monitor the performance of the laboratory. Additionally, Pirate Gold
Corp conducts check assays at a third-party facility which is independent of ALS Canada Ltd.
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.
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