Pirate Gold Intersects 30.6 g/t Au over 1.35m and 4.25 g/t Au over 6.65m at Moosehead; Identifies New Gold Structure Eastern Trend shallow drilling continues to deliver high-grade assay results along its southern extension with 30.6g/t Au over 1.35m including 89.7g/t Au over 0.40m in PGC-26-112
Pirate Gold Intersects 30.6 g/t Au over 1.35m
and 4.25 g/t Au over 6.65m at Moosehead;
Identifies New Gold Structure
Eastern Trend
shallow drilling continues to deliver high-grade assay results along its southern
extension with 30.6g/t Au over 1.35m including 89.7g/t Au over 0.40m in PGC-26-112
Western Trend
drilling down plunge of the surface vein exposure yielded 4.25g/t Au over 6.65m
including 40.8g/t Au over 0.50m in PGC-26-087
Caribou Fault Zone
is a newly identified parallel fault structure to the Eastern and Western Trend
Faults where shallow drilling has identified significant assay grades up to 2.88g/t Au over 2.45m
including 4.63g/t Au over 0.90m in PGC-26-100
Rib Vein
results include 1.29 g/t Au over 4.25 m in PGC-26-082 and 6.15 g/t Au over 0.55m in
PGC-26-080. The vein has been traced over 200m of strike and to depths of 90m
Episode 17 of
Pirate Gold Treasure Hunters
now airing
:
https://youtu.be/sxmJRcmAtog
St. John's, Newfoundland and Labrador--(Newsfile Corp. - August 28, 2026) -
Pirate Gold Corp.
(TSXV: YARR) (OTCQB: YARRF) ("Pirate Gold" or the "Company") is pleased to announce field
exploration results from Moosehead at its Treasure Island Project. The Treasure Island Project in Central
Newfoundland covers over 90 km of strike along the Valentine Lake Fault Zone in Canada's newest gold
district.
Figure 1. Footprint of mineralized zones at Moosehead
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6079/311929_be01a21ca4c8da85_001full.jpg
Eastern and Western Trend Drilling:
PGC-26-112 was drilled at the southern end of the Eastern Trend and encountered high-grade
mineralization at approximately 20m vertical depth, returning 30.6 g/t Au over 1.35m, including 89.7 g/t
Au over 0.40m.
At the Western Trend, PGC-26-087 tested 45m down plunge of the interpreted intersection between the
north-south trending Western Trend and the east-west trending Rib Vein. The hole returned 4.25 g/t Au
over 6.65m, including 40.8 g/t Au over 0.50m.
Drilling at shallow levels of the Western Trend has confirmed high gold grades over 500m of strike and to
depths of 140m. Surface trenching in 2024 exposed the interpreted Western Trend and Rib Vein
intersection. Channel sampling returned 22.6 g/t Au over 4.85m across the Western Trend and 7.09 g/t
Au over 8.1m across the Rib Vein.
Rib Vein Drilling:
The Rib Vein is a new discovery linking the Eastern and Western Trend Zones at Moosehead (Figures 1
and 2) which was announced on April 13, 2026, with highlights from PGC-26-028 yielding 65.1 g/t Au
over 3.25m including 309.5g/t Au over 0.5m. The zone has continued to expand with PGC-26-033
grading 6.97g/t Au over 5.35m including 69.1g/t Au over 0.45m announced on May 26, 2026. Recent
results have now connected the vein structure from Eastern to Western Trend including PGC-26-080
reporting 6.15g/t Au over 0.55m.
The vein structure now measures over 200m in strike length and to depths of 90m. It is untested along
strike past the intersection with the Eastern and Western Trend Faults and the vein remains open at
depth.
Caribou Fault Structure Drilling:
The latest discovery at Moosehead is the Caribou Fault which lies approximately 150m west of, and
parallel to, the Western Trend Fault Zone. Nineteen shallow holes tested the structure over 400 m of
strike, with eight holes reporting significant gold results. PGC-26-100 returned 2.88 g/t Au over 2.45m,
including 4.63 g/t Au over 0.90m. The northernmost hole, PGC-26-103, returned 1.04 g/t Au over 4.35m.
Mineralization along the Caribou Fault shares similarities with the Eastern and Western Trend Faults,
including vein networks with massive, stylolitic and brecciated textures. Mineralization typically consists
of pyrite and arsenopyrite, with localized boulangerite.
"The Moosehead zone comprises a broad network of faults and veins which to date have been traced
along over 1500m of strike length and to depths exceeding 200m in the case of the Eastern Trend
Fault. The discovery of the Caribou Fault was no surprise as we always believed that other parallel
structures should exist here. The recent shallow drilling has shown that we have a fertile structure that
is continuous along at least 400m and most importantly that it can host high-grade gold
mineralization. I believe that further structural analysis and exploration of this fault in context with the
more heavily explored Eastern and Western Fault Zones can lead us to identify additional high-grade
mineralization along the structure which remains open along strike and at depth," said Greg
Matheson, VP Exploration.
"Moosehead continues to deliver high-grade gold. We're reporting 30.6 g/t gold over 1.35m and 4.25
g/t gold over 6.65m from established trends while also identifying another gold-bearing structure at
Caribou. These results sharpen our understanding of the system and strengthen Moosehead's
technical foundation. Together with the copper-gold opportunities we are advancing across
Crippleback, Moosehead demonstrates the breadth of the discovery potential at Treasure Island,"
said Denis Laviolette, Executive Chairman and CEO.
Fig. 2 - Recent drilling at Moosehead
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6079/311929_be01a21ca4c8da85_002full.jpg
Moosehead Background:
Located in the northern part of the Treasure Island Project (Figure 3), Moosehead is a high-grade
orogenic fault system believed to represent a second order fault network to the regional Valentine Lake
Fault. The primary gold mineralization is hosted within two parallel fault zones at the Eastern and
Western Trends where high-grade mineralization has been traced through drilling along 800m of strike
length and nominally to a depth of 200m. In addition to the Eastern and Western Trends, a third parallel
zone, the 552 Zone, lies 200m to the east and has yielded several high-grade results.
Fig. 3 - Location of Moosehead within the Treasure Island Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6079/311929_be01a21ca4c8da85_003full.jpg
Drill Hole
From (m)
To (m)
Length (m)
Au (g/t)
Target Zone
PGC-26-069
NSR
Western Trend
PGC-26-070
NSR
Western Trend
PGC-26-071
2
19.90
21.35
1.45
1.21
Caribou Fault
PGC-26-072
2
24.05
24.80
0.75
2.81
Caribou Fault
PGC-26-073
NSR
Caribou Fault
PGC-26-075
NSR
Caribou Fault
PGC-26-076
NSR
Caribou Fault
PGC-26-077
2
32.90
33.55
0.65
1.28
Caribou Fault
PGC-26-078
NSR
Caribou Fault
PGC-26-080
1
38.50
39.05
0.55
6.15
Rib Vein
PGC-26-081
NSR
Rib Vein
PGC-26-082
1
60.75
65.00
4.25
1.29
Rib Vein
PGC-26-083
1
97.50
98.00
0.50
1.34
Rib Vein
PGC-26-084
1
170.60
172.10
1.50
1.30
Rib Vein
PGC-26-085
1
12.70
15.00
2.30
1.88
Western Trend
PGC-26-087
1
30.50
33.75
3.25
1.11
Western Trend
and
41.00
47.65
6.65
4.25
incl.
46.40
46.90
0.50
40.8
PGC-26-089
1
17.60
18.15
0.55
4.80
Western Trend
and
22.00
23.00
1.00
2.17
PGC-26-090
2
20.40
21.00
0.60
1.02
Caribou Fault
PGC-26-091
NSR
Caribou Fault
PGC-26-092
2
42.20
43.15
0.95
1.32
Caribou Fault
PGC-26-094
NSR
Caribou Fault
PGC-26-095
2
33.90
35.55
1.65
1.52
Caribou Fault
PGC-26-096
NSR
Caribou Fault
PGC-26-097
NSR
Caribou Fault
PGC-26-098
NSR
Caribou Fault
PGC-26-100
2
33.15
35.60
2.45
2.88
Caribou Fault
incl.
33.95
34.85
0.90
4.63
PGC-26-101
NSR
Caribou Fault
PGC-26-102
NSR
Caribou Fault
PGC-26-103
2
16.50
20.85
4.35
1.04
Caribou Fault
PGC-26-106
1
70.90
71.75
0.85
1.35
Western Trend
PGC-26-108
1
51.60
52.60
1.00
2.31
Western Trend
PGC-26-112
1
13.45
13.90
0.45
1.19
Eastern Trend
and
33.40
34.75
1.35
30.6
incl.
33.40
33.80
0.40
89.7
PGC-26-114
1
63.20
64.00
0.80
1.93
Western Trend
and
177.00
177.70
0.70
3.28
and
184.25
187.75
3.50
0.94
and
190.50
191.00
0.50
7.86
PGC-26-116
1
228.60
229.50
0.90
1.28
Eastern Trend
Table 1 - Significant Assay Results
1
True widths estimated to be 70-90% of reported intervals
2
True widths are unknown at this time
Drill Hole
Easting
Northing
Azimuth
Dip
Length (m)
PGC-26-069
613703
5428285
220
-60
113
PGC-26-070
613666
5428292
250
-45
68
PGC-26-071
613521
5428327
250
-45
170
PGC-26-072
613538
5428098
75
-43
272
PGC-26-073
613582
5428135
225
-51
65
PGC-26-075
613507
5428322
250
-45
59
PGC-26-076
613517
5428342
250
-45
68
PGC-26-077
613536
5428332
250
-45
56
PGC-26-078
613526
5428314
250
-45
53
PGC-26-080
613690
5428436
170
-45
59
PGC-26-081
613664
5428449
170
-45
71
PGC-26-082
613703
5428467
170
-45
80
PGC-26-083
613721
5428507
180
-51
125
PGC-26-084
613707
5428563
170
-45
203
PGC-26-085
613739
5428557
170
-45
185
PGC-26-087
613640
5428466
222
-47
74
PGC-26-089
613629
5428463
240
-45
50
PGC-26-090
613545
5428351
250
-45
95
PGC-26-091
613550
5428339
250
-45
62
PGC-26-092
613554
5428324
250
-45
71
PGC-26-094
613554
5428305
250
-45
59
PGC-26-095
613559
5428284
250
-45
62
PGC-26-096
613565
5428263
250
-45
52
PGC-26-097
613566
5428239
250
-45
50
PGC-26-098
613574
5428215
250
-45
47
PGC-26-100
613580
5428190
250
-45
71
PGC-26-101
613585
5428163
250
-45
59
PGC-26-102
613581
5428190
250
-65
68
PGC-26-103
613507
5428476
250
-45
110
PGC-26-106
613877
5428274
254
-45
182
PGC-26-108
613853
5428273
255
-45
224
PGC-26-112
613824
5428260
252
-45
197
PGC-26-114
613862
5428242
250
-45
227
PGC-26-116
614157
5428724
282
-45
290
Table 2 - Drill Hole Information
Pirate Gold Treasure Hunters Season 1 Episode 17 - Moosehead Flyover
Episode 17 of Pirate Gold Treasure Hunters takes viewers on a flyover of Moosehead, tracing the high-
grade gold vein network in the northern part of the Treasure Island Project. The episode revisits
previously reported discoveries and the structural relationships behind them, highlighting the gold
potential across this extensive orogenic system. The episode features:
More than 135,000 m of drilling outlining Moosehead's high-grade vein network
Discoveries across the Eastern and Western Trends, including a previously reported Eastern
Trend intersection of 70.3 g/t Au over 9.05 m (January 31, 2019)
The Rib Vein, linking the Eastern and Western Trends over 200 m of tested strike, with a
previously reported discovery intersection of 65.1 g/t Au over 3.25 m (April 13, 2026)
Lightly drilled fault corridors extending north toward Bow Tie Pond, where past drilling encountered
visible gold
Year-round access from the Trans-Canada Highway, near Grand Falls-Windsor and Bishop's Falls
Multiple mineralized zones that remain open, highlighting Moosehead's potential for further gold
discoveries
Cannot view this video?
Visit:
https://www.youtube.com/watch?v=sxmJRcmAtog
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
Pirate Gold Engages ICP Securities Inc. for Automated Market Making Services
Pirate Gold is pleased to announce that it has engaged the services of ICP Securities Inc. ("ICP") to
provide automated market making services, including use of its proprietary algorithm, ICP Premium® in
compliance with the policies and guidelines of the TSX Venture Exchange and other applicable
legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement between the
Company and ICP was signed with a start date of August 28th, 2026, and is for four (4) months (the
"Initial Term") and shall be automatically renewed for subsequent one (1) month terms (each month
called an "Additional Term") unless either party provides at least thirty (30) days written notice prior to
the end of the Initial Term or an Additional Term, as applicable.
There are no performance factors contained in the agreement and no stock options or other
compensation in connection with the engagement. ICP and its clients may acquire an interest in the
securities of the Company in the future.
ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct
temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for
the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds
or securities for the market making activities.
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 a Newfoundland-focused exploration company advancing its 100%-owned Treasure
Island Project, a district-scale property covering more than 90 km of strike along the Valentine Lake
Fault Zone. Exploration is focused on the high-grade Moosehead gold system, the Moby Dick copper-
gold porphyry/epithermal discovery and multiple regional targets across the Crippleback Intrusive Suite.
The Company also holds a portfolio of Newfoundland gold projects, including the district-scale Fleur de
Lys Project.
For more information, please contact:
Denis Laviolette, Executive Chairman, CEO & Director
E
:
Joshua Duggan, Investor Relations
T:
647-526-1881
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 suspected of having visible gold or
received with an Au-PA02 value greater than 10 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/311929