# Pirate Gold Announces Visual Results of Step-Out Drilling at Its Moby Dick Copper-Gold Discovery at Treasure Island Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/pirate-gold-announces-visual-results-of-step-out-drilling-at-its-moby-dick-coppe--77757af3-9fa2-479d-a0ad-8534ecfcf138 Original source: https://orestocks.com/company/YARR.V/press-releases/6648127591056942 Publisher: orestocks Original announcement: 2026-06-25T14:40:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-01T04:32:44.454Z Atlas analysis updated: 2026-10-01T04:32:44.454Z - Company: Pirate Gold Corp. - Ticker: YARR - Exchange: Unavailable - Region: Central Newfoundland, Canada - Primary commodity: Copper - Secondary commodities: Gold - Document categories: Drill results - Extracted: 2026-10-01 04:32:46 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Pirate Gold Corp. announced visual observations from step-out drilling at its Moby Dick copper-gold discovery in Central Newfoundland, Canada. Holes PGC-26-118 and PGC-26-120 encountered broad zones of visible chalcopyrite mineralization, extending the known area of drill-defined mineralization to 1,800m of strike. While assays are pending, these results support the scale potential of the porphyry/epithermal system, building on previously reported high-grade intercepts from initial discovery holes. Reasoning: Pirate Gold's step-out drilling at Moby Dick has identified broad zones of visible chalcopyrite mineralization, extending the known footprint of the copper-gold porphyry/epithermal system. While these visual observations are positive for exploration scale, the lack of assay results and unknown true widths reduce immediate confidence, and the main numerical results are historical. - Positive factor: Step-out drilling extends mineralization - Positive factor: Visible chalcopyrite mineralization observed - Positive factor: Porphyry/epithermal system potential - Positive factor: Large drill program \(50,000m\) - Positive factor: QP/CP signed - Positive factor: QA/QC disclosed - Negative factor: Visual results only, no assays reported in this release - Negative factor: True widths unknown - Negative factor: Metal equivalent assumptions not disclosed - Negative factor: Lack of specific QA/QC methods disclosed Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 4 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The release explicitly states 'Step-out drilling at Moby Dick, including PGC-26-118 and PGC-26-120' and 'Extending the known area of drill-defined copper mineralization to 1,800m of strike'. Evidence · text > Step-out drilling at Moby Dick, including PGC-26-118 and PGC-26-120 **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: The document explicitly states that 'All intervals are down hole depths and true widths are unknown'. Evidence · text > All intervals are down hole depths and true widths are unknown. **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: The release reports 'Cu eq' grades but does not disclose the price, recovery, or payability assumptions used in the calculation. Evidence · text > 0.38% Cu eq over 112.4m **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The primary numerical drill results \(0.38% Cu eq over 112.4m, etc.\) are explicitly referenced as being from a 'June 18, 2026 release', making them historical for this announcement. Evidence · text > see June 18, 2026 release here **QP/CP Signed** Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Greg Matheson, P.Geo., VP Exploration for Pirate Gold, is named as a 'Qualified Person' under NI 43-101 and has reviewed and approved the technical information. Evidence · text > Greg Matheson, P.Geo., VP Exploration for Pirate Gold, a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release. **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release states that 'drill core samples will be submitted to a certified laboratory for analysis', indicating QA/QC procedures are in place. Evidence · text > drill core samples will be submitted to a certified laboratory for analysis. ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Drill Results (4) ### PGC-26-058 [Link to this fact](https://atlas-staging.minestarters.com/news/pirate-gold-announces-visual-results-of-step-out-drilling-at-its-moby-dick-coppe--77757af3-9fa2-479d-a0ad-8534ecfcf138#fact-drill-facts-0) Moby Dick Historical result Needs review: historical\_restatement #### Identity - Hole ID: PGC-26-058 - Project: Moby Dick - Region: canada\_nl - Reported Region: canada\_nl - Ticker: YARR #### Geometry - Intercept: 112.4 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Mining Method: open\_pit #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.38 - Metal Eq. Unit: % Cu-Eq - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-06-18T00:00:00.000Z #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: This historical intercept shows a good copper equivalent grade over a significant length, indicative of a porphyry system, but is not new information in this release. - Positive factor: Good grade for porphyry - Positive factor: Significant intercept length - Negative factor: Historical result, not new to this release - Negative factor: Metal equivalent assumptions not disclosed Evidence · text > 0.38% Cu eq over 112.4m including 0.72% Cu eq over 45.0m in PGC-26-058 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: an equivalent grade is reported without its assumptions **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Treasure Island project in Central Newfoundland covers over 90 km of strike along the Valentine Lake Fault Zone in C" ### PGC-26-058 [Link to this fact](https://atlas-staging.minestarters.com/news/pirate-gold-announces-visual-results-of-step-out-drilling-at-its-moby-dick-coppe--77757af3-9fa2-479d-a0ad-8534ecfcf138#fact-drill-facts-1) Moby Dick Historical result Needs review: historical\_restatement #### Identity - Hole ID: PGC-26-058 - Project: Moby Dick - Region: canada\_nl - Reported Region: canada\_nl - Ticker: YARR #### Geometry - Intercept: 45 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Mining Method: open\_pit #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.72 - Metal Eq. Unit: % Cu-Eq - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-06-18T00:00:00.000Z #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: This historical sub-interval shows a strong copper equivalent grade over a good length, indicating a higher-grade zone within the broader intercept, but is not new information in this release. - Positive factor: High-grade sub-interval - Positive factor: Good grade for porphyry - Negative factor: Historical result, not new to this release - Negative factor: Metal equivalent assumptions not disclosed Evidence · text > 0.72% Cu eq over 45.0m in PGC-26-058 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: an equivalent grade is reported without its assumptions **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Treasure Island project in Central Newfoundland covers over 90 km of strike along the Valentine Lake Fault Zone in C" ### PGC-26-068 [Link to this fact](https://atlas-staging.minestarters.com/news/pirate-gold-announces-visual-results-of-step-out-drilling-at-its-moby-dick-coppe--77757af3-9fa2-479d-a0ad-8534ecfcf138#fact-drill-facts-2) Moby Dick Historical result Needs review: historical\_restatement #### Identity - Hole ID: PGC-26-068 - Project: Moby Dick - Region: canada\_nl - Reported Region: canada\_nl - Ticker: YARR #### Geometry - Intercept: 180.8 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Mining Method: open\_pit #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.54 - Metal Eq. Unit: % Cu-Eq - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-06-18T00:00:00.000Z #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: This historical intercept shows a strong copper equivalent grade over a very significant length, highlighting the potential of the porphyry system, but is not new information in this release. - Positive factor: Very long intercept length - Positive factor: Strong grade for porphyry - Negative factor: Historical result, not new to this release - Negative factor: Metal equivalent assumptions not disclosed Evidence · text > 0.54% Cu eq over 180.8m including 1.48% Cu eq over 49.4m in PGC-26-068 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: an equivalent grade is reported without its assumptions **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Treasure Island project in Central Newfoundland covers over 90 km of strike along the Valentine Lake Fault Zone in C" ### PGC-26-068 [Link to this fact](https://atlas-staging.minestarters.com/news/pirate-gold-announces-visual-results-of-step-out-drilling-at-its-moby-dick-coppe--77757af3-9fa2-479d-a0ad-8534ecfcf138#fact-drill-facts-3) Moby Dick Historical result Needs review: historical\_restatement #### Identity - Hole ID: PGC-26-068 - Project: Moby Dick - Region: canada\_nl - Reported Region: canada\_nl - Ticker: YARR #### Geometry - Intercept: 49.4 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Mining Method: open\_pit #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.48 - Metal Eq. Unit: % Cu-Eq - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-06-18T00:00:00.000Z #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: This historical sub-interval shows an exceptional copper equivalent grade over a good length, indicating a very high-grade zone within the broader intercept, but is not new information in this release. - Positive factor: Exceptional grade for porphyry - Positive factor: Significant high-grade sub-interval - Negative factor: Historical result, not new to this release - Negative factor: Metal equivalent assumptions not disclosed Evidence · text > 1.48% Cu eq over 49.4m in PGC-26-068 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: an equivalent grade is reported without its assumptions **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Treasure Island project in Central Newfoundland covers over 90 km of strike along the Valentine Lake Fault Zone in C" ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.