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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.

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