Welcome to our dedicated page for Fury Gold Mines news (Ticker: FURY), a resource for investors and traders seeking the latest updates and insights on Fury Gold Mines stock.
Fury Gold Mines Limited (FURY) generates frequent news flow as it advances a portfolio of exploration-stage gold, lithium and rare earth projects across Canada. Company news releases, many of which are furnished to the SEC on Form 6-K, cover technical results, economic studies, financings and portfolio developments at key assets such as the Eau Claire gold project in Quebec, the Committee Bay project in Nunavut, the Sakami gold project in Northern Quebec, the Elmer East lithium discovery and the Kipawa rare earths project.
Investors following FURY news can expect detailed updates on drilling campaigns, including assay results, mineralization continuity and step-out successes at targets like La Pointe Extension and Juliette at Sakami, the Three Bluffs deposit and Raven prospect at Committee Bay, and the Ninaaskumuwin lithium-bearing pegmatite at Elmer East. The company also reports on mineral resource estimates and technical milestones, such as the initial inferred mineral resource estimate for Sakami and the mineral resource estimate and Preliminary Economic Assessment for Eau Claire.
Corporate and capital markets announcements are another important news category. Fury’s releases describe equity financings, including brokered flow-through financings and private placements, as well as its equity position in Dolly Varden Silver Corp. Regulatory and technical updates, such as the filing of NI 43-101 technical reports and the addition of qualified persons as co-authors, are also disclosed through news and accompanying Form 6-K filings.
This news page aggregates these disclosures so readers can review Fury’s exploration results, project evaluations, financing activities and regulatory filings in one place. For those tracking the progress of Canadian gold exploration, emerging lithium prospects and rare earth initiatives, FURY news provides ongoing insight into how the company is advancing its portfolio.
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.
Fury Gold Mines Ltd (TSX:FURY)(NYSE American:FURY) announced the completion of its share sale transaction on October 3, 2022, selling 17 million common shares of Dolly Varden Silver Corporation at C$0.40 per share, reducing its ownership from 33% to 26%. The proceeds will fund exploration at Fury's Eau Claire and Éléonore South Joint Venture projects in Quebec and support general working capital. Fury retains two board nominees at Dolly Varden and will assess its investment periodically.
Dolly Varden Silver Corporation and Fury Gold Mines Ltd announce a non-brokered agreement where Fury sells 17 million common shares of Dolly Varden at C$0.40 per share, representing 7.4% of Dolly Varden's outstanding shares. Despite not receiving any proceeds, Dolly Varden welcomes a new institutional investor. Fury retains approximately 26% ownership post-transaction and aims to use the proceeds for exploration at its Eau Claire and Éléonore South Joint Venture projects. Closing is expected after a seven-day notice period.
Fury Gold Mines Limited announced the completion of a buy-out to acquire the remaining 23.77% interest of Azimut Exploration in the Éléonore South Joint Venture (ESJV) with Newmont Corporation. Post-transaction, Fury holds 50.022% and Newmont 49.978%. The cost for this added interest was C$1,202,663. Additionally, Fury has identified nine gold targets through an infill till sampling program at the ESJV project, with potential high-grade and bulk tonnage gold styles, aiming to advance to drilling stage next year.
Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) announced promising results from seven core drill holes at the Eau Claire project in Quebec. The 2022 exploration drilling program showed potential for significant deposit expansion at the Hinge Target. Notable intercepts include 3.50m of 4.79 g/t gold and 1.00m of 20.6 g/t gold from drill hole 22EC-048. The company anticipates a 20% increase in the mineralized strike length. Ongoing drilling will test additional targets, revealing strong mineralization and an optimistic outlook for resource growth.
Fury Gold Mines Limited (NYSE American: FURY) announced the results of its Annual General Meeting held on June 29, 2022. A total of 50,107,942 common shares, representing 35.93% of outstanding shares, were present. All director nominees were elected, receiving strong votes: Forrester A. Clark with 99.80%, Jeffrey R. Mason 99.78%, and Steve Cook 99.77%. Additionally, Deloitte LLP was appointed as the company's auditor with 99.96% votes in favor. The voting results are available on SEDAR.
Fury Gold Mines Limited has mobilized a second drill to the Eau Claire project in Quebec's Eeyou Istchee Territory, aiming to extend higher-grade gold mineralization at the Percival Prospect. This drilling program will cover approximately 6,500 metres and follows significant advancements in targeting due to recent geophysical and biogeochemical surveys. Historical drill results indicate promising gold grades, with ongoing work expected to enhance overall ounces at the Eau Claire project. Drill results are anticipated in July 2022.
Fury Gold Mines Limited has filed its management information proxy circular for the upcoming annual general shareholders meeting scheduled for June 29, 2022. The circular outlines the company’s governance, performance, and compensation policies, proposing the re-election of five directors and reappointment of auditors. Notably, Chair Ivan Bebek will retire from the Board but will remain in an advisory role. CEO Tim Clark emphasized the company's strong position for growth under Bebek's leadership. Fury continues to focus on exploration in Canada’s key mining regions.
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