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Fury Gold Mines Limited (TSX:FURY, NYSE American:FURY) is a Canadian-focused exploration and development company strategically positioned within three prolific mining regions: James Bay, Quebec; the Golden Triangle, British Columbia; and the Kitikmeot Region, Nunavut. The company's core projects include the Eau Claire, Homestake Ridge, Committee Bay, Eleonore South Joint Venture (JV), and Gibson MacQuoid, with a primary focus on advancing its flagship asset, the Eau Claire deposit.
The recent completion of the agreement to acquire Newmont Corporation's interest in the Eleonore South gold project, along with 30,392,372 shares of Sirios Resources Inc., underscores Fury's strategic expansion within the James Bay region. This acquisition enhances Fury's prospects for new discoveries and potential growth, reinforcing its commitment to exploration excellence.
Fury's exploration activities continue to yield promising results. The identification of a geochemical gold anomaly at Eleonore South and the completion of significant drilling programs at the Eau Claire and Percival deposits highlight the company's robust pipeline of exploration projects. The 2024 updated Mineral Resource Estimate for the Eau Claire deposit now stands at 1.16Moz gold in the Measured and Indicated category, and an additional 723koz gold in the Inferred category, reflecting the company's success in resource expansion.
Financially, Fury is well-capitalized, having recently secured C$4,005,750 through the sale of common shares of Dolly Varden Silver Corp. These funds will be allocated toward ongoing exploration projects, particularly at the Eau Claire and Eleonore South sites. Fury's strategic investments, including its substantial holding in Dolly Varden Silver Corp, further solidify its financial position.
Under the leadership of CEO Tim Clark, Fury is committed to upholding the highest industry standards for corporate governance, environmental stewardship, community engagement, and sustainable mining. The company's management team and board of directors possess a proven track record in financing and advancing exploration assets, driving Fury's mission to grow its multi-million-ounce gold platform.
For more information on Fury Gold Mines Limited, visit www.furygoldmines.com.
Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) announced initial findings from its 25,000-metre drill program at the Eau Claire deposit in Quebec. The results highlight significant gold intersections, including 6.04m at 11.56 g/t gold, indicating potential for resource expansion. The program aims to confirm mineralization quality and continuity in previously unexplored areas. CEO Mike Timmins expressed optimism about the results and ongoing drilling activities. The inferred resource currently stands at 204,000 ounces with a grade of 11.81 g/t gold.
Fury Gold Mines Limited announced its 2021 exploration plans for the Committee Bay gold project in Nunavut. The company intends to drill between 5,000m and 10,000m, focusing on the Raven prospect, which has high-grade vein targets, and expanding the Three Bluffs deposit, which contains 525,000 oz. at 7.85 g/t gold. The company aims to explore a previously untested 8km shear zone and advance other geological targets. The drilling program is contingent on COVID-19 restrictions.
Fury Gold Mines Limited announced plans to explore the Percival trend at its Eau Claire project in Quebec this summer. Previous drilling in 2018 yielded significant intercepts of gold, including 87m of 2.35 g/t. The company has improved exploration methods by detecting gold mineralization through biogeochemistry, leading to a broader exploration scope across the property. This year, Fury aims to carry out extensive geochemical and geophysical surveys to establish new drill targets, potentially increasing gold resources at Eau Claire.
Fury Gold Mines Limited has announced its participation in the RBC Mining Rising Stars Forum on February 9, 2021. This virtual event aims to highlight promising exploration and mining companies through impactful presentations to investors and business professionals. Fury operates in key regions like James Bay and the Golden Triangle, focusing on scaling its gold assets for low-risk growth and potential discoveries. A webcast of the presentation will be available on Fury's website for 14 days post-event.
Fury Gold Mines Limited announced promising results from its first exploration drill hole (B1) at the Eau Claire deposit, indicating a significant gold mineralization extension. The drill hole intercepted 3m of 2.59 g/t gold within a broader 8m interval of 1.21 g/t gold at depths of 643m to 651m. This finding supports potential resource growth, with plans for a second drill to further explore high-grade targets A and C. The results mark a positive step in understanding the deposit's size potential, aligning with the company's strategy for aggressive exploration in the James Bay region.
Fury Gold Mines Limited has announced updates on its ambitious 50,000-metre drill program at the Eau Claire project in Quebec. So far, 3,646m have been drilled, with results from initial holes expected soon. The company aims to enhance resource conversion, explore down-plunge extensions, and advance other projects including Homestake Ridge and Committee Bay. Fury holds a strong position, with plans for 80,000m of drilling in the coming 18 months, targeting a potential 150koz-200koz annual mining scenario by 2025.
Fury Gold Mines has appointed Salisha Ilyas as the new Vice President of Investor Relations, effective immediately. With over a decade of experience in the mining sector and a background in investor relations for various companies, Ilyas aims to enhance market outreach and support Fury's growth strategies. Additionally, Mike Timmins will present at the BMO Capital Markets Global Metals & Mining Conference from March 1-5, 2021. Fury Gold, focused on Canadian mining regions, is committed to developing its 3.5Moz gold platform, targeting low-risk growth and new discoveries.
Fury Gold Mines Limited (FURY) announces new targets at the Éléonore South Joint Venture (ESJV) in Quebec, covering 14,700 hectares. The company identified two undrilled target areas with substantial gold-in-till anomalies, proposing drilling in summer 2021. President Mike Timmins highlights the growth potential within the James Bay Gold Camp. Historical drilling has shown significant gold intercepts, including 6.0 meters at 49.50 g/t. The planned 2021 exploration will involve geochemical surveying and up to 5,000 meters of drilling to evaluate these new targets.
Fury Gold Mines Limited (FURY) has initiated a 50,000-metre drill program at its Eau Claire project in Quebec to explore a one-kilometre down plunge extension of the existing deposit. The goal is to significantly expand the resource base. Approximately 12,000 metres are specifically allocated for this extension. Initial drilling has shown promising results, and further assay data is anticipated early next year. The company is actively identifying additional targets along the deposit trend, looking to enhance its mineralization potential.
Fury Gold Mines Limited has launched a 50,000-metre drill program at the Eau Claire project in Quebec. The drilling will explore a one-kilometre extension of the deposit and include selective infill drilling aimed at upgrading resources from inferred to indicated categories. Current estimates show 200,000 ounces at 12.2 g/t gold. The company anticipates significant discoveries over the next 18 months, with exploration activity driven by strong data and technical evaluations. Mike Timmins, CEO, emphasizes the potential for shareholder growth.
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