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ZAC 0.060 +0.0% ELE 21.18 −1.7% GHRT 0.750 +0.0% AEM 203.13 +0.1% JTWO 0.135 +0.0% EDR 10.63 −2.8% VMXX 0.750 +5.6% K 32.71 −1.5% AGI 40.13 −1.4% VGZ 2.40 +0.8% CAN 0.055 +0.0% NVO 0.055 +0.0% ARIS 19.57 −4.2% IVN 10.59 −0.8% MCI 0.165 +0.0% MTS 0.130 +0.0% ZAC 0.060 +0.0% ELE 21.18 −1.7% GHRT 0.750 +0.0% AEM 203.13 +0.1% JTWO 0.135 +0.0% EDR 10.63 −2.8% VMXX 0.750 +5.6% K 32.71 −1.5% AGI 40.13 −1.4% VGZ 2.40 +0.8% CAN 0.055 +0.0% NVO 0.055 +0.0% ARIS 19.57 −4.2% IVN 10.59 −0.8% MCI 0.165 +0.0% MTS 0.130 +0.0%
Drill Results

Pirate Gold Announces Initial High-Grade Results and Discovery of New Zone at Treasure Island

By The Northwire Desk — AI Analysis Feb 27, 2026 · 08:01 YARR · 0.365 Pirate Gold Corp.
YARR · Price

Executive Summary

  • Pirate Gold Corp. announced high‑grade gold intercepts from its first eight drill holes at the Moosehead Zone, with five of six Moosehead holes returning grades between 5.6 – 51.2 g/t Au.
  • A new regional gold zone was intersected in drill hole PGC‑25‑006, delivering multiple intervals above 1 g/t Au over a ~75 m down‑hole corridor, confirming broader mineralization beyond the Moosehead trends.
  • The results support the company’s structural model and suggest district‑scale potential across >90 km of strike on the Treasure Island Project.

Key Details

  • Moosehead Zone Highlights – Six holes (PGC‑25‑001 to PGC‑25‑007) intersected high‑grade stylolitic veins:
  • PGC‑25‑001: 0.35 m @ 20.47 g/t Au
  • PGC‑25‑002: 0.45 m @ 42.48 g/t Au
  • PGC‑25‑004 (incl.): 0.45 m @ 24.80 g/t Au; overall 5.10 m @ 2.84 g/t Au

  • PGC‑25‑007 (incl.): 0.50 m @ 51.20 g/t Au; overall 5.85 m @ 4.79 g/t Au

  • Regional Geophysical Target – Hole PGC‑25‑006 – Intersected a new zone with:

  • 8.10 m @ 1.14 g/t Au (including 0.75 m @ 4.20 g/t Au)

  • Additional intervals: 1.00 m @ 1.72 g/t, 1.20 m @ 2.13 g/t, 0.85 m @ 1.49 g/t, 0.65 m @ 1.42 g/t, 1.00 m @ 2.27 g/t

  • Drill Program Overview – Holes targeted both Eastern and Western Moosehead trends (shallow depths 45‑80 m) and a magnetic anomaly associated with a mafic dyke (PGC‑25‑006).

  • Assay Reporting – Downhole intervals reported; true widths estimated at 80‑90 % for Moosehead veins. True widths for regional targets currently unknown.

  • Future Plans – Continued shallow expansion drilling along Moosehead, systematic testing of a ~300 m structural gap, and advancement of district‑scale targets across 50‑60 km of strike, including newly permitted areas at Stony Lake.

Notable Quotes

“This is a great start for the first eight drill holes… high‑grade intercepts and new zone discovery give us real confidence in the scale potential at Treasure Island.” – Denis Laviolette, Executive Chairman & CEO

“Step‑out drilling along the Moosehead Eastern and Western trends has yielded strong high‑grade assay results… we believe the broader opportunity lies in testing near‑surface geophysical targets across the property.” – Greg Matheson, VP Exploration

Qualified Person: Greg Matheson, P.Geo., VP Exploration (NI 43‑101).
Forward‑looking statements included; actual results may vary.

Read the original news release →

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