en.Wedoany.com Reported - Pirate Gold Corp. has discovered copper-gold mineralization in the Moby Dick alteration zone within the Crippleback area of the Treasure Island project in central Newfoundland. Pirate Gold reported that initial drilling at Moby Dick encountered extensive copper-gold mineralization intervals within a large advanced argillic alteration system, with geological characteristics consistent with a copper-gold porphyry to high-sulfidation epithermal environment.
CEO and Director A. Paul Gill stated that the work by the Pirate Gold team highlights the scale and potential of the Crippleback copper-gold system, an area that remains underexplored. Triple One's Caledonia Brook asset is strategically located within this emerging trend, and the company is encouraged by the broader geological implications of Pirate Gold's results, which it believes provide valuable regional context.
Triple One's Caledonia Brook gold asset is situated within the broader Crippleback-Moosehead trend, near the Moby Dick discovery area. The company considers Pirate Gold's results to be an important validation of a potentially large-scale copper-gold mineralized system in the region.
Drilling highlights reported by Pirate Gold include: 112.4 meters grading 0.38% CuEq in hole PGC-26058, including 45.0 meters grading 0.72% CuEq; and 180.8 meters grading 0.54% CuEq in hole PGC-26068, including 49.4 meters grading 1.48% CuEq. Drilling has confirmed the Moby Dick alteration zone measures approximately 3,100 meters long, 850 meters wide, and 500 meters deep, with the full extent of the system remaining open. Regional potential exists over an area of approximately 32 kilometers by 8 kilometers within the Crippleback intrusive complex.
Triple One believes these results are significant for the region and may increase exploration interest in nearby copper-gold projects, including the Caledonia Brook asset. The company cautions that mineralization on Pirate Gold's property does not necessarily indicate mineralization on the Caledonia Brook asset, but the regional geological setting, alteration scale, and copper-gold mineralization support the value of further exploration in the area. Triple One is currently reviewing historical geological data, regional mapping, geophysical information, and exploration targets for the Caledonia Brook asset in light of the emerging copper-gold model in the region. Further details on Triple One's exploration plans will be provided after the company completes its technical review and advances the asset.
CEO A. Paul Gill stated that the Crippleback area is rapidly developing into an intriguing copper-gold exploration district, and Triple One intends to evaluate Caledonia Brook with a rigorous exploration approach, focusing on identifying gold targets that may be part of the same broader geological environment.
The Caledonia Brook gold asset is located in central Newfoundland, within the broader Crippleback–Moosehead mineralized corridor, near Pirate Gold's Crippleback and Moby Dick areas, and the company considers it prospective for copper-gold mineralization.
Technical information in this news release has been reviewed and approved by Paul K. Smith (P.Geo.), who meets the requirements of a Qualified Person as defined by National Instrument 43-101. The company has not independently verified the drilling results reported by Pirate Gold Corp., and readers are referred to Pirate Gold's public disclosures for full details, assumptions, QA/QC procedures, and metal equivalent calculations. The company confirms that there are no material facts or material changes related to the company that have not been generally disclosed.
Triple One Metals Inc. is a mineral exploration company focused on gold, base metal, and critical mineral opportunities in prospective mining districts across Canada. This news release contains forward-looking statements that involve known and unknown risks and uncertainties. Forward-looking statements reflect information available to the company as of the date of release, and the company undertakes no obligation to update forward-looking statements.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
