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NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0% NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0%
Drill Results

Pirate Gold Initiates Project Scale Geophysical Surveys and Provides Project Updates

By The Northwire Desk — AI Analysis Feb 13, 2026 · 09:34 YARR · 0.33 Pirate Gold Corp.
YARR · Price

Executive Summary

  • Pirate Gold has launched two simultaneous project‑scale airborne geophysical surveys (high‑resolution magnetic and EM/magnetic) covering ~124,000 ha of the Treasure Island Project.
  • The 50,000 m drill program is active with two rigs on‑site and a third arriving soon; numerous holes have returned visible gold, arsenopyrite, boulangerite, pyrite and other sulfides across multiple structural trends.
  • The company secured two new drilling permits (Stony Lake & Crippleback Lake) and acquired six additional claims (150 ha) plus a 100 % interest in a licence from NGRC for $7,500 cash, 150,000 shares and a 1 % NSR royalty.

Key Details

  • Geophysical Programs
  • Treasure Island North: High‑resolution magnetic survey, 50 m line spacing, ~69,500 ha.

  • Treasure Island South: EM/magnetic survey, 100 m line spacing, ~54,500 ha.

  • Drilling Activity

  • Two diamond rigs operating; third rig expected within 1‑2 weeks.

  • Over 30 drill holes (PGC‑25‑009 to PGC‑26‑033) reported with visual mineralization; highlights include:

    • Multiple quartz veins up to 180 cm wide containing visible gold, arsenopyrite, boulangerite, pyrite, sphalerite, chalcopyrite.
    • Intersections of mafic dykes and fault zones with associated sulfide mineralization.
    • New unnamed vein zones (e.g., PGC‑26‑028, ‑031, ‑032, ‑033) showing visible gold.

  • Assay Disclaimer – Visible gold does not equate to high assay grades; laboratory results pending.

  • Drilling Permits

  • Crippleback Lake: approval for up to 50 holes; drilling to start late February 2026.

  • Stony Lake (5 km south of Moosehead): approval for up to 40 holes; drilling slated for Q1 2026.

  • Mineral Claims Acquisition

  • Executed purchase agreement for six claims (150 ha) in Treasure Island South.

  • Agreement with Newfoundland Gold Retriever Corp.: $7,500 cash + 150,000 common shares + 1 % NSR royalty (½ repurchasable for $500k).

  • Advertising & Sponsorship

  • One‑year agreement with Allan Barry Laboucan (Rocks & Stocks News) – $160,000 cash consideration; no investor‑relations services.

  • Media Promotion

  • Episode 5 of “Pirate Gold Treasure Hunters” released, showcasing drill progress and geophysical surveys.

Notable Quotes

“Exploration is moving quickly on all fronts at the Treasure Island Project in 2026… our drilling program at Moosehead continues to expand the known mineralized zones, with multiple holes intersecting visible gold and yielding new discoveries.” – Greg Matheson, VP Exploration

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.

Read the original news release →

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M&A / Property