Fury Gold Mines Limited - FURY STOCK NEWS

Fury Gold Mines Limited has initiated its 2023 exploration drilling program at the Eau Claire project in Quebec, targeting 10,000 to 15,000 metres of drilling across the Western Hinge, Gap Zone, and North Limb areas. The focus will be on the Western Hinge Target, where a prior increase of over 25% in high-grade gold mineralization was recorded. The Gap Zone has also shown promising results from previous drilling, including significant gold grades. CEO Tim Clark expressed optimism regarding the potential for resource expansion and the refined targeting strategy of the technical team. The company's exploration efforts are expected to enhance its gold resource base and are backed by a strong financial position.

Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) announced its 2023 exploration plans for the Eau Claire project, focusing on drilling between 15,000 and 20,000 metres. The main objectives include expanding the high-grade Eau Claire resource, exploring the successful Percival Prospect located 14 km east, and advancing early-stage targets along the Cannard Deformation Zone. The company starts the year with C$16.2 million in its treasury and approximately C$60 million in shares of Dolly Varden Silver. Significant results from previous drilling showed high-grade gold intercepts, leading to a refined understanding of mineralization controls. The exploration program capitalizes on past success with a 20% higher hit rate than historical benchmarks.

Fury Gold Mines Limited (TSX:FURY, NYSE American:FURY) has successfully closed a bought deal private placement, issuing 6,076,500 flow-through shares at C$1.44 each, raising total gross proceeds of C$8,750,160. The funds will be allocated to eligible Canadian exploration expenses related to its projects in Québec, particularly the Eau Claire and Éléonore South Joint Venture projects, by December 31, 2024. The offering was managed by a syndicate of underwriters led by Haywood Securities Inc. and is not available for U.S. sales, adhering to the exemptions outlined under Canadian securities laws.

Fury Gold Mines Limited has appointed Brian Christie as an Independent Director, effective immediately. Christie has over 9 years of experience at Agnico Eagle Mines, recognized for its top Investor Relations program. He also served as an Independent Director for the Denver Gold Group and has extensive experience as a mining analyst and geologist. With C$65 million in cash and marketable securities, Fury is well-positioned for growth in its gold exploration endeavors. The Board believes Christie's expertise in capital markets and mining will enhance the company's strategic goals.

Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) announced significant progress on the Lac Clarkie project, revealing eight new gold targets from a B-horizon soil sampling program. Six targets are aligned with the Cannard Deformation Zone, which is known for its gold occurrences, including the flagship Eau Claire deposit. The company aims to advance these targets towards drilling readiness in 2023. Fury is well-funded, boasting C$9.3 million in treasury and approximately C$60 million in marketable securities. The company is committed to a disciplined exploration strategy to maximize its discovery opportunities.

Fury Gold Mines Limited (NYSE American:FURY) announced the results of its 2022 drilling program at the Eau Claire project in Quebec, highlighting a successful expansion of gold mineralization at the Hinge Target. Notably, drill hole 22EC-059 confirmed substantial gold grades, including an impressive 1.50m intercept of 22.77 g/t gold. The company achieved a 55% hit rate above the indicated resource grade of 6.3 g/t gold. The updated geological interpretation suggests a 25% increase in the mineralized footprint. Additionally, Fury has engaged Native Ads Inc. for a digital marketing campaign to raise brand awareness. Plans for 2023 developments will be disclosed soon.

Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) reported significant achievements for 2022, including a 25% expansion of the Eau Claire deposit mineralized footprint and impressive drill results like 8.05 g/t gold over 13.5 meters at the Percival Prospect.

Key milestones included raising C$22.8 million, consolidating the Éléonore South Joint Venture with Newmont, and completing a 17,700m drill program. The company also appointed Jeffrey Mason as Chair of the Board, emphasizing its commitment to growth and exploration in 2023.

Fury Gold Mines Limited reported promising drilling results at the Percival Main and Percival East prospects in Quebec. Eight core drill holes confirmed the high-grade core of mineralization, with significant intercepts including 13.5m of 8.05 g/t gold and 7.5m of 4.38 g/t gold. The company's exploration targets show potential for further expansion, and plans for a second drilling phase are underway. The Percival Prospect spans a 500m by 100m area with high-grade gold defined to 300m depth, supporting future growth and exploration activities.

Fury Gold Mines Limited (TSX:FURY, NYSE American:FURY) reported promising results from six core drill holes at the Eau Claire project in Quebec. Significant gold mineralization was discovered, with drill holes 22EC-049 and 22EC-055 extending mineralization by 125 meters. Key intercepts included 4.0m of 5.75 g/t gold and 1.0m of 9.81 g/t gold in 22EC-055. The overall mineralized footprint has increased by 25%. Fury has C$12.5 million in treasury and anticipates more assay results in the coming months, potentially enhancing gold resource estimates.