Pirate Gold Continues Its Regional Consolidation of the Treasure Island Project and Provides Drilling Update

Core Insights - Pirate Gold Corp. has expanded its Treasure Island Project by adding 113 mineral claims, increasing the total strike length to over 90 km along the Valentine Lake Fault Zone, which is recognized as Canada's newest gold district [1][6][22] Drilling Program Update - The company is advancing a 50,000-meter drilling program with two active rigs, focusing on the Moosehead Eastern and Western trends, and has completed six holes to date [6][10] - Initial visual observations from the drilling indicate the presence of mineralization, including visible gold, arsenopyrite, and sphalerite across various drill holes [2][3][10] - A third drill rig is expected to mobilize in early 2026 to further enhance exploration efforts [6] Mineral Claims Acquisition - The company has executed agreements to acquire a total of 77 mineral claims covering 1,925 hectares, along with recent staking of an additional 36 claims covering 900 hectares [15][16] - The acquisition strategy aims to consolidate mineral tenure along the Valentine Lake Fault corridor, which is crucial for building value in the district [14][15] Exploration Strategy - The exploration focus is not limited to the Moosehead Zone; the company aims to identify other gold-bearing structures in the vicinity, supported by historical drilling results from the Stony Lake project [15][18] - The company emphasizes that the Moosehead Project should be viewed as part of a larger mineral system, similar to other orogenic gold deposits [15] Visual and Media Engagement - The company is actively engaging shareholders through media, including the "Pirate Gold Treasure Hunters" video series, which provides insights into the drilling campaign [6][10][7]