Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

Pirate Gold Intercepts 65.1 g/t Au over 3.25m in New Rib Vein Discovery at Moosehead

Pirate Gold High-Grade Intercepts Stabilize Stock After February Rally

By The Northwire Desk — AI Analysis Apr 13, 2026 · 07:11 YARR · 0.205 Pirate Gold Corp.
Executive Summary
  • Headline: Pirate Gold Intercepts 65.1 g/t Au over 3.25m in New Rib Vein Discovery at Moosehead (April 13, 2026).
  • Key Findings:
    • Discovery of a new high-grade "Rib Vein" at the Moosehead Zone.
    • Highlight intercept: PGC-26-028 returned 65.1 g/t Au over 3.25m (including 309.5 g/t Au over 0.65m) at shallow depth (48–51m).
    • Other notable assays include 13.8 g/t Au over 1.30m and 5.17 g/t Au over 2.00m.
    • Sixteen drill holes now define a ~150m strike-length, 90m deep vein domain linking Eastern and Western trend faults.
    • Three diamond drills remain active at the Treasure Island Project (two on Crippleback, one on Moosehead).
  • Context: This release follows an April 2 update regarding Crippleback drilling (alteration footprint >1,700m) and a February 27 announcement of initial high-grade results at Moosehead.
Material Impact
  • Positive Validation: The news confirms the high-grade potential identified in the February 27 release but improves on width (3.25m vs previous ~0.45m–0.50m intervals) and grade consistency within the Moosehead Zone.
  • Market Expectation: High grades at Moosehead were already priced into the stock during the rally from $0.03 to $0.38 between August 2025 and February 2026. This news serves as a confirmation rather than a surprise discovery of a new deposit type.
  • Risk Mitigation: The shallow depth (48–51m) reduces future mining costs, which is a positive fundamental factor for long-term valuation models.
  • Limitations: No resource estimate has been provided. The "Rib Vein" is still in the exploration definition phase. Crippleback assays remain pending from the April 2 announcement, creating uncertainty on the district-scale potential.
  • Conclusion: The news is positive but routine within the context of an active drill program that previously generated similar high-grade headlines. It supports the current valuation floor but does not immediately justify a significant re-rating without further resource definition.
YARR · Price
Company Overview
  • Company: Pirate Gold Corp. (formerly Sokoman Minerals Corp.).
  • Ticker: TSXV: YARR, OTCQB: SICNF.
  • Flagship Project: Treasure Island Project located in central Newfoundland along the Valentine Lake Fault Zone.
  • Strategy: Building a district-scale orogenic gold system by consolidating land (>90km strike) and leveraging modern geophysics to identify high-grade targets adjacent to producing mines (e.g., Equinox Gold’s Valentine Lake Mine).
  • Status: Exploration stage; no production or reserves declared.
Read the original news release →

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