202618 releases
Pirate Gold Corp. Closes Brokered Private Placement for Aggregate Gross Proceeds of $13.6 Million
Pirate Gold Corp. has closed its brokered private placement for aggregate gross proceeds of $13,609,430. The offering issued 48,277,000 flow-through common shares at $0.215 each and 13,050,000 special flow-through common shares at $0.2475 each, and remains subject to final TSX Venture Exchange approval.
FinancingPirate Gold Announces up to $15 Million Brokered Flow-Through Private Placement
A brokered best-efforts private placement of up to approximately $15,000,000 has been arranged with Canaccord Genuity, comprising flow-through common shares at $0.215 and special flow-through common shares at $0.2475, in any combination. The agents hold an option for up to $2,250,000 of additional securities, exercisable up to 48 hours before closing, expected on or about October 22, 2026, subject to TSX Venture Exchange approval. Proceeds will fund Canadian exploration expenses on the Treasure Island Project in Newfoundland before December 31, 2027.
FinancingPirate Gold Intersects 0.24% Cu Eq over 299.4m, Including 0.43% Cu Eq over 56.5m, at Moby Dick Discovery
Drill hole PGC-26-118 at the Moby Dick copper-gold discovery on the Treasure Island Project in Central Newfoundland returned 0.24% Cu Eq (0.13% Cu, 0.087 g/t Au, 1.72 g/t Ag) over 299.4m from 12.6m, including 0.43% Cu Eq over 56.5m and 0.52% Cu Eq over 35.6m, plus 0.23% Cu Eq over 72.7m from 424.0m below a mafic dyke. Assays are pending from 11 further Moby Dick holes, eight with visible chalcopyrite. A barge drill will test beneath Crippleback Lake in September 2026, and a 4,345 line-kilometre Mobile MT survey began August 30, 2026.
Drill resultsPirate Gold Intersects 30.6 g/t Au over 1.35m and 4.25 g/t Au over 6.65m at Moosehead; Identifies New Gold Structure
Drilling at the Moosehead zone of the Treasure Island Project in central Newfoundland returned 30.6 g/t Au over 1.35m, including 89.7 g/t Au over 0.40m, in Eastern Trend hole PGC-26-112, and 4.25 g/t Au over 6.65m, including 40.8 g/t Au over 0.50m, in Western Trend hole PGC-26-087. A newly identified Caribou Fault, about 150m west of and parallel to the Western Trend Fault, was tested by 19 shallow holes over 400m of strike, with eight returning gold, including 2.88 g/t Au over 2.45m in PGC-26-100. Pirate Gold also engaged ICP Securities for automated market making at C$7,500 monthly, starting August 28, 2026, for four months.
Drill resultsPirate Gold Appoints Former Gold Fields Chief Geologist Dr. Rael Lipson as Strategic Advisor
Dr. Rael Lipson, former Chief Geologist for Gold Fields Exploration Inc. and a paleoplacer and orogenic gold specialist with more than 50 years of exploration and mine experience, has been appointed Strategic Advisor to support work on the 100%-owned Treasure Island Project along the Valentine Lake Fault Zone in Central Newfoundland. Pirate Gold also terminated its $160,000 advertising agreement with Allan Barry Laboucan after the TSX Venture Exchange categorized the arrangement as promotional and required the Company to monitor and approve his content.
ManagementPirate Gold Discovers Widespread Advanced Argillic Alteration at Clipper Brook
Field spectral analysis has identified alunite and pyrophyllite advanced argillic alteration across over 3 km of outcrop and sub-crop at the Clipper Brook target, within a 10 km-long, 500 to 1,500 m wide EM resistivity low located 12 km east of the Moby Dick zone at the Treasure Island Project in Central Newfoundland. Reconnaissance covered over 11,000 hectares with 1,100 spectral analyses over three months. Drill permits for the region have been received and initial drilling is being planned.
Drill resultsPirate Gold Discovers Evidence of Orogenic Gold at Scurvy Fault, 1.5 km South of Moby Dick Copper-Gold Porphyry/Epithermal Zone, and Reports Initial Visual Observations from 13 Drill Holes
Thirteen drill holes have tested roughly 200 m of strike and depths to 185 m along the Scurvy Fault at the Crippleback area of the 100%-owned Treasure Island Project in Central Newfoundland, intersecting brittle and ductile deformation, quartz veins up to several metres wide and pyrite-arsenopyrite mineralization; assays are pending and visual observations are not indicative of grade. The associated graphitic sedimentary horizon is geophysically interpreted over at least 15 km, with more than 100 km of interpreted secondary faults untested across the roughly 200 km² intrusive suite. Three rigs are drilling a 50,000 m program, with a barge-mounted fourth rig expected in early Q3 2026.
Drill resultsPirate Gold Announces Visual Results of Step-Out Drilling at Its Moby Dick Copper-Gold Discovery at Treasure Island
Visible chalcopyrite mineralization has been observed in two step-out holes at the Moby Dick copper-gold discovery, part of the Crippleback area at the Treasure Island Project in Central Newfoundland. PGC-26-118, 100m west of PGC-26-068, showed chalcopyrite over intervals including 295.9m to 403.1m, while PGC-26-120, 1700m east, showed intervals including 124.0m to 215.3m, extending drill-defined copper mineralization to 1,800m of strike. Assays are pending; visual observations are not indicative of grade. Two rigs are active as part of a 50,000m program.
Drill resultsPirate Gold Intersects 0.54% Cu Eq over 180.8m, Including 1.48% Cu Eq over 49.4m, in New Grassroots Copper-Gold Porphyry Epithermal Discovery at Moby Dick
Drilling at the Moby Dick target on the Crippleback Intrusive Suite, part of the Treasure Island Project in central Newfoundland, returned 0.54% Cu Eq over 180.8m, including 1.48% Cu Eq over 49.4m (0.28% Cu, 1.07 g/t Au, 3.42 g/t Ag), in hole PGC-26-068, and 0.38% Cu Eq over 112.4m, including 0.72% Cu Eq over 45.0m, in PGC-26-058. Drilling has defined an advanced argillic alteration zone 3,100m long, 850m wide and 500m deep. Pirate Gold also agreed to acquire twelve additional mineral licences for cash, shares and NSR royalties.
Drill resultsPirate Gold Expands Moosehead Discovery with 21.4g/t Au over 2.20m
Expansionary drilling at the Moosehead zone of the Treasure Island Project in Central Newfoundland returned 21.4g/t Au over 2.20m, including 91.1g/t Au over 0.50m, at 140m vertical depth in Western Trend hole PGC-26-051A. The Rib Vein, tested with sixteen holes, now extends 150m along strike and 90m vertically, with results including 6.97g/t Au over 5.35m (incl. 69.1g/t Au over 0.45m) and 21.0g/t Au over 1.0m. The regional zone 500m southwest expanded to 200m strike, returning 1.27g/t Au over 7.00m.
Drill resultsPirate Gold Announces OTCQB Ticker Change to YARRF
Pirate Gold Corp.'s OTCQB trading symbol changed to YARRF, effective at the open of trading on Monday, May 11, 2026, as confirmed by FINRA. Its common shares continue to trade on the TSX Venture Exchange under YARR, and no action is required by current shareholders. The Company is executing a fully funded 50,000 metre drill program across the Moosehead and Crippleback discoveries at its Treasure Island project in central Newfoundland.
CorporatePirate Gold Drilling Expands Large Alteration System at Crippleback Lake
Diamond drilling at the Crippleback Lake anomaly on the Treasure Island project in Central Newfoundland has confirmed a large advanced argillic alteration system with features of high sulphidation epithermal and copper porphyry systems. Three holes completed to date expand the alteration footprint to roughly 1,700 m long, 700 m wide and over 400 m vertical depth, open in multiple directions. Core samples have been submitted for assay, with results pending; drilling continues.
Drill resultsPirate Gold Amends Agreement with Paradigm
An amending agreement has been filed with the TSXV covering Pirate Gold Corp's acquisition of four mineral licences from Paradigm Minerals Inc., Ian Farrell and Katie Lewis, further to its December 19, 2025 news release. Total consideration is unchanged but reallocated: a one-time cash payment of $400 to Ian Farrell and $11,960 to Paradigm, plus 280,000 common shares to Paradigm and 20,000 common shares to Ian Farrell. All other terms remain unchanged.
CorporatePirate Gold Intercepts 65.1 g/t Au over 3.25m in New Rib Vein Discovery at Moosehead
Drilling at the Moosehead Zone on the Treasure Island project in Newfoundland and Labrador returned 65.1 g/t Au over 3.25m, including 309.5 g/t Au over 0.65m, in hole PGC-26-028 from the newly discovered Rib Vein, a linkage structure between the Eastern and Western trend faults. Other Rib Vein results included 13.8 g/t Au over 1.30m and 5.17 g/t Au over 2.00m. Sixteen holes have intersected the structure over 150m of strike and to 90m depth, with 12 further holes drilled and assays pending. Three drills are active on the project.
Drill resultsPirate Gold Provides Crippleback Drilling Update, Appoints New CFO and Releases Episode 8 of Treasure Hunters
Two drills are testing the argillic alteration envelope at the Crippleback Lake target on the Treasure Island Project in central Newfoundland. PGC-26-058 (122m listed length, 602m of intervals described) intersected vuggy silicified volcanic rock from 15 to 137m and zones of semi-massive pyrite at 224.5–232.0m and 343.0–349.5m, while ongoing hole PGC-26-064 cut vuggy silicified mineralization from 120 to 300m depth; assays have been submitted. Natalia Samartseva was appointed CFO and Corporate Secretary effective April 1, 2026, replacing Eric Myung. Episode 8 of Pirate Gold Treasure Hunters was released.
Drill resultsPirate Gold Commences Drilling at Crippleback, Releases Episode 7 and New Technical Presentation
Drilling has begun at the Crippleback Lake Target Zone on the 78,600 hectare, 92 km strike Treasure Island Project in central Newfoundland, with hole PGC-26-058 following up a 2024 alteration zone; the first 55m encountered strongly clay altered quartz monzonite with 5-8% pyrite. The target is being tested for orogenic gold and gold-copper porphyry-style mineralization, while drilling continues at Moosehead. The Company also released Episode 7 of its Treasure Hunters series, a technical presentation, and a redesigned website.
Drill resultsPirate Gold Announces Initial High-Grade Results and Discovery of New Zone at Treasure Island
Initial results from the first eight drill holes at the Treasure Island Project in central Newfoundland returned high-grade gold in five of six holes at the Moosehead Zone, including 20.47 g/t Au over 0.35m (PGC-25-001), 42.48 g/t Au over 0.45m (PGC-25-002), 2.84 g/t Au over 5.10m including 24.80 g/t Au over 0.45m (PGC-25-004), and 4.79 g/t Au over 5.85m including 51.20 g/t Au over 0.5m (PGC-25-007). Hole PGC-25-006, 500 metres southwest of Moosehead, intersected six intervals above 1 g/t Au, including 1.14 g/t Au over 8.10m, across a 77-metre downhole length, representing a new zone with follow-up drilling underway.
Drill resultsPirate Gold Initiates Project Scale Geophysical Surveys and Provides Project Updates
Two airborne geophysical surveys are underway at the Treasure Island Project in central Newfoundland: a high-resolution magnetic survey on 50m line spacing over roughly 69,500 hectares at Treasure Island North, and an electromagnetic/magnetic survey on 100m line spacing over roughly 54,500 hectares at Treasure Island South. Two drills are active with a third mobilizing in 1-2 weeks, and February 10 exploration approvals permit up to 50 holes at Crippleback Lake and 40 at Stony Lake. Pirate Gold will also acquire six claims covering 150 hectares for $7,500, 150,000 shares and a 1.0% NSR.
Drill results
20251 release
Pirate Gold Continues Its Regional Consolidation of the Treasure Island Project and Provides Drilling Update
113 additional mineral claims have been added to the wholly owned Treasure Island Project in central Newfoundland, which now covers over 90km of strike along the Valentine Lake Fault Zone; 77 claims covering 1,925 hectares were acquired under three licence purchase agreements involving cash, shares and NSR royalties, with 36 claims covering 900 hectares staked. Two diamond drills are active on the 50,000m program, with eight holes completed and a third rig expected in early 2026; assays are pending.
Acquisition