Pirate Gold drills 65.1 g/t gold over 3.25 metres in new Rib Vein discovery at Moosehead Zone, Treasure Island Project, Newfoundland

Pirate Gold Corp. [TSXV: YARR; OTCQB: SICNF] reported high-grade gold results from the Moosehead Zone and the discovery of a new gold vein, the Rib Vein. The Treasure Island Project covers over 90 km of strike along the Valentine Lake Fault Zone in Canada’s newest gold district in Newfoundland.

Moosehead Rib Vein Drilling Highlights: PGC-26-021 returned 2.00 metres of 5.17 g/t gold. PGC-26-023 returned 1.30 metres of 13.8 g/t gold, including 0.60 metres of 28.7 g/t gold. PGC-26-028 returned 0.65 metres of 309.5 g/t gold. Downhole intervals reported, true widths estimated to be 65-80% of reported intervals.

“The discovery of a new high grade vein structure at the Moosehead Zone exemplifies the potential to expand the mineralized footprint at shallow depths. While much of the known mineralization occurs in the Eastern and Western trend faults which are oriented to the northwest, we now see that this linkage structure connecting the two zones can occur oblique to this orientation and opens a new exploration frontier to build out the density of veining. With 16 drill holes now defining a 150-metre long and 90 metres deep vein domain, the continuity of this structure is quite strong. It’s very early days in understanding the structural complexity of this type of orogenic system.” said Greg Matheson, VP Exploration of Pirate Gold.

“This is exactly what you want to see in a high-grade system. The Rib Vein confirms that gold at Moosehead isn’t limited to a single structure. We’re now starting to unlock multiple orientations, which is how these systems scale.” said Denis Laviolette, Executive Chair and CEO of Pirate Gold.

Drilling Program Results: PGC-25-014 tested a regional geophysical target, a deformation zone was intersected from 158 to 181 metres but had not provided any significant gold assay results.

PGC-25-013 targeted the northern extension of the Western Trend and intersected the structural zone from 20 to 45 metres; significant assays 1.90 g/t gold over 1.15 metres including 3.06 g/t Au over 0.45 metres.

PGC-26-015,017,018 targeted the northern extension of the Eastern Trend with all three holes intersecting the interpreted structural zone. PGC-26-017 reported 1.51 g/t Au over 1.45 metres.

PGC-25-010, PGC-26-016,019,022A tested regional geophysical targets, PGC-25-010 intersected pyrite mineralization at depth yielding 1.15 g/t Au over 0.40 mteres the remaining three holes intersected strong fault zones but did not provide any significant gold assay results.

PGC-26-020,021,023,028 targeted the Moosehead western trend and the newly discovered Rib Vein; drilling highlights from the Rib Vein include PGC-26-021 – 5.17g/t Au over 2.0 metres, including 9.24  g/t Au over 0.65 metres; PGC-26-023 – 13.8 g/t Au over 1.30 metres, including 28.7 g/t Au over 0.6 metres; PGC-26-028 – 65.1 g/t Au over 3.25 metres, including 309.5 g/t Au over 0.65 metres.

PGC-25-009, 011, 012, PGC-26-026, 024 targeted the Western Trend depth extension, with all holes intersecting the Western Trend structure, visible gold mineralization was noted in holes PGC-25-011, 012 and PGC-26-026; significant assays included PGC-25-011 – 3.28 g/t Au over 1.40 metres; PGC-25-012 – 3.54  g/t Au over 0.9 metres; PGC-26-026 – 8.33 g/t Au over 1.0 metre.

PGC-26-025, 027 targeted a southern segment of the Eastern trend, both holes intersected the fault structure with limited veining and anomalous gold assay results; PGC-26-029 was terminated before reaching target depth.

Three diamond drills are currently active at the Treasure Island Project; two drills are active at the Crippleback target, and one drill is active at the Moosehead Zone

To date, 12 additional holes have focused on the expansion of the Rib Vein at Moosehead.

Episode 9 of Pirate Gold Treasure Hunters captures the discovery of the Rib Vein Zone at Moosehead and what it means for the growing system. The episode features: strong vein widths and visible gold from the Western Trend, consistent with previous high-grade drilling; a growing orogenic system with multiple fault-hosted zones along the Valentine Lake Fault; drill intercepts outside the current model, pointing to additional unrecognized veins; discovery of the Rib Vein, linking the Eastern and Western trends, returning up to 65.1 g/t Au over 3.25 metres; follow-up drilling tracing the vein over ~150m of strike and ~90m vertically, confirming continuity and remaining open at depth.

Pirate Gold Corp. is the dominant explorer along the Valentine Lake Fault Zone in Newfoundland. The company’s primary focus is its 100%-owned district-scale Treasure Island Gold Project, along with a portfolio of gold projects, including the district-scale Fleur de Lys Project.