Northwire Canada EditionFriday, November 13, 2026
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Drill Results

Pirate Gold Continues Its Regional Consolidation of the Treasure Island Project and Provides Drilling Update

By The Northwire Desk — AI Analysis Dec 19, 2025 · 08:01 YARR · 0.225 Pirate Gold Corp.
YARR · Price

Executive Summary

  • Pirate Gold Corp. added 113 mineral claims, expanding the Treasure Island Project to over 90 km of strike along the Valentine Lake Fault Zone.
  • The company is executing a 50,000 m drill program with two active rigs (a third slated for early 2026); visual core observations from eight holes show multiple quartz‑vein intervals with arsenopyrite, boulangerite, sphalerite and visible gold.
  • Three acquisition agreements were signed to obtain six additional mineral licences (totaling ~2,825 ha) in exchange for cash payments and common‑share issuances, plus NSR royalty arrangements.

Key Details

  • Claims Expansion
  • Executed three purchase agreements for 77 claims covering 1,925 ha.
  • Recent staking added 36 claims covering 900 ha.

  • Total project now >90 km of strike length on the Valentine Lake Fault Zone.

  • Drilling Program (50,000 m)

  • Two diamond rigs active; third rig to mobilize early 2026.

  • Completed holes: 6 in Moosehead Eastern trend, 2 in Western trend, and 2 regional geophysical targets.

  • Visual Core Observations (selected intervals)

  • PGC‑25‑001 (Eastern Trend): 15 cm stylolitic quartz vein at 24 m depth; arsenopyrite, boulangerite, sphalerite, visible gold.
  • PGC‑25‑002 (Eastern Trend): 20 cm stylolitic quartz vein at 45.5–46.5 m; arsenopyrite, sphalerite, visible gold.
  • PGC‑25‑004 (Western Trend): 300 cm brecciated quartz‑vein zone (65–69.5 m); arsenopyrite, boulangerite, sphalerite, visible gold.
  • PGC‑25‑005 (Western Trend): Quartz veins 5–140 cm (110–124 m); arsenopyrite, boulangerite, sphalerite, visible gold.
  • PGC‑25‑007 (Western Trend): Stylolitic quartz vein 119.3–120 m; arsenopyrite, boulangerite, chalcopyrite, sphalerite, visible gold.

  • Regional Targets (PGC‑25‑006 & ‑008): Intermittent high‑sulphide zones and sandstone/mafic dyke; limited mineralization noted.

  • Drill Hole Geometry (selected)

  • PGC‑25‑001: 110 m length, azimuth 347°, dip –50°.
  • PGC‑25‑004: 92 m length, azimuth 243°, dip –48°.

  • PGC‑25‑006: 203 m length, azimuth 240°, dip –45°.

  • Assay Disclaimer

  • Visible gold does not equate to high assay grades; samples sent to certified lab; results pending.

  • Acquisition Agreements & Consideration

  • Paradigm Minerals Group – 100% interest in four licences: cash $400 (Farrell), $2,000 (Heathcote), $9,960 (Lewis); share issuances 20k, 50k, 230k respectively; 1.5 % NSR royalty to Lewis (½ purchasable for $1 M).
  • Kevin Keats / 91112 NL – 100% interest in one licence: cash $10,000; 250,000 shares issued; 1.0 % NSR royalty (½ purchasable for $1 M).

  • Brian Jones / Gary Rowsell – 100% interest in one licence: cash $2,500 each; 50,000 shares each; 1.0 % NSR royalty split equally (½ purchasable for $1 M).

  • Historical Context

  • Prior Stony Lake acquisition (Oct 2022) reported historic drilling of up to 1.88 g/t Au over 27.35 m and 1.52 g/t Au over 31.75 m, located ~5 km south of Moosehead fault structure.

  • Multimedia

  • Episode 2 of “Pirate Gold Treasure Hunters” released, showcasing drill core visuals and early drilling insights (YouTube link provided).

Notable Quotes

“The consolidation of a fragmented mineral tenure along the Valentine Lake Fault corridor has been one the key first steps for the company to build value in this district… Our acquisition … continues to build that regional scale project.” – Greg Matheson, VP Exploration, Pirate Gold.

Qualified Person: Greg Matheson, P.Geo., VP Exploration (NI 43‑101).

Read the original news release →

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