お知らせ • Dec 20
Pirate Gold Corp. Adds Additional 113 Mineral Claims to Its Wholly Owned Treasure Island Project in Central Newfoundland
Pirate Gold Corp. announced that it has added an additional 113 mineral claims to its wholly owned Treasure Island Project in central Newfoundland. The Treasure Island Project now covers over 90km of strike along the Valentine Lake Fault Zone in Canada's newest gold district. Drilling Program Update. Two diamond drills are currently active at the Treasure Island Project with a third drill anticipated to mobilize in early 2026. One drill is focused on the expansion of the Moosehead Eastern and Western trends and has completed six holes to date. The second drill rig is conducting regional exploration drilling localized within several kilometres of the Moosehead Zone and has completed two holes to date. Initial visual observations from completed drill holes are summarized below: Drill Hole, Target, Visual Observations, PGC-25-001, Moosehead Eastern Trend, Intersected the Eastern Trend structural zone from 15 to 24m including a 15cm stylolitic quartz vein at 24m depth, mineralization consists of arsenopyrite, boulangerite, sphalerite and visible gold, PGC-25-002, Moosehead Eastern Trend, intersected the Eastern trend structural zone from 26m to 34m followed by a second structural zone from 45.5-46.5m which included a 20cm stylolitic quartz vein, mineralization consists of arsenOPyrite, sphalerite, sphalerite. PGC-25-003, Moosehead Western Trend, Intersected the Western Trend structural zone with structural intervals from 80m to 85m and 102 to 105m including stylolitic veins up to 10cm, mineralization consists of arsenicopyrite, boulangersite and sphalerite, PGC-25-004, Moosehead Western Trend, intersected the Western Trend structural zones from 65m to 69.5m including a 300cm brecciated and stylolitic quartz veined zone. Mineralization consists of arsenopyrites, boulangerite, boulangerite and visible gold, P GC-25-005, Moosehead Western Trend,Intersected the Western trend structural zone from 110m to 124m including quartz veins ranging in size from 5 to 140cm. Mineralization consists of arsenopedyrite and pyrite, P GC-25-007, Moosehead Western Trend,intersected the Western Trend structural Zone from 116.2m to 120m including a stylolitic quartz vein from 119.3 to 120m. Mineralization consists of arsenopsyrite, Boulangerite, chalcopyrite, sphalerites, sphalerite andvisible gold, PGC-25 -008. 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. Drill Hole, Easting, Northing, Northing, Azimuth, Dip, Length (m), PGC- 25-001, 613829, 542828281, 347, -50, 110, PGC-25-005, 613856, 5428278, 315, -50, 86, PGC-25-007, PGC-25-008, Regional Geophysical Target, Intersected mostly sandstone and minor segments of mafic dyke. No significant mineralization was encountered.