Fury Intercepts 12.50 g/t Gold over 7.02 Metres Outside the Eau Claire Block Model
Rhea-AI Summary
Fury (TSX/NYSE American: FURY) reported Phase 1 drill results from Eau Claire, Quebec, including infill hole 26EC-101 that intersected 12.50 g/t Au over 7.02 m outside the current block model, ~45 m down-plunge from 26EC-099. Phase 1 comprised ~21 holes (~12,700 m) with results for 18 holes. Phase 2 is underway (8 holes, 3,390 m completed) and is fully financed, planning an additional 15,000–25,000 m through spring/summer 2026. QA/QC and a 43-101 qualified person reviewed disclosures.
Positive
- None.
Negative
- None.
News Market Reaction – FURY
In the Apr 23 session, FURY declined 3.06%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 07 | Management appointment | Positive | -1.2% | New VP Project Development appointed to advance Eau Claire toward feasibility. |
| Mar 17 | Drill results update | Positive | +0.1% | Initial Phase 1 Eau Claire drill results and launch of fully financed Phase 2. |
| Jan 26 | Board appointment | Positive | -4.3% | Industry veteran added as independent director to support Canadian gold assets. |
| Jan 08 | Operational update | Positive | -1.1% | Review of 2025 achievements and 2026 exploration priorities including Eau Claire. |
| Dec 08 | Resource estimate | Positive | -3.0% | Initial inferred mineral resource estimate announced for Sakami gold project. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent positive operational and corporate updates have often seen muted or negative next-day price moves, with only one of the last five news events aligning positively with post-news performance.
This announcement extends a series of Eau Claire–focused updates. On Mar 17, FURY reported initial Phase 1 drill results, including a key 26EC-099 intercept and the start of a fully financed Phase 2 program of 15,000–25,000 m. Corporate updates on executive and board appointments between Jan 8 and Apr 7 emphasized advancing Eau Claire toward feasibility. Despite generally constructive news, four of the past five events saw negative next-day price reactions, while only the March drill update aligned with a small gain.
Key Terms
block model technical
preliminary economic assessment financial
assay technical
fire assay technical
ICP-MS technical
QA/QC technical
qualified person regulatory
43-101 regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
TORONTO, April 23, 2026 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX and NYSE American: FURY) (“Fury” or the “Company”) is pleased to release the second batch of assay results from the Phase 1 13,000-metre exploration drill program at the Eau Claire gold project (“Eau Claire” or the “Project”), located in the Eeyou Istchee Territory in the James Bay Region of Northern Quebec.
Phase 1 drilling was focussed on expanding resources along high-grade shoots and adding continuity to the existing resource outside of the preliminary economic assessment identified stopes. A total of 21 holes (approximately 12,700 metres (“m”)) was completed during Phase 1 drilling, with results received for 11,440 m. Complete assay results have been received from 18 holes as well as partial results from a 19th hole. Six holes returned significant results, which are highlighted in Table 1 and Figure 1.
The key highlight from this batch of results was infill drill hole 26EC‑101, which targeted an inferred portion of the Eau Claire mineral resource. The hole intersected 12.50 grams per tonne (“g/t”) gold over 7.02 m, approximately 45 m down‑plunge from previously reported drill hole 26EC‑099 (see news release dated March 17, 2026), which is located outside the current Eau Claire block model (Figure 2), demonstrating strong grade continuity and resource growth potential (Figure 3).
In addition, drill hole 26EC‑097, which also targeted an inferred portion of the Eau Claire resource, intersected 3.92 g/t gold over 6.92 m, further supporting the potential for resource conversion (Figure 4).
“Drilling at Eau Claire continues to reinforce resource continuity and demonstrate resource growth potential outside of the current block model between resource blocks in shallow previously untested areas,” commented Tim Clark, CEO of Fury Gold Mines. “Phase 2 drilling will continue to de-risk and expand Eau Claire, as we focus on connecting the current mineral resource outside of the PEA mineable portion to bring more of the existing gold ounces into a future development scenario, unlocking additional value for shareholders.”
Figure 1: Long section of the Eau Claire Deposit looking north showing the locations of the completed and current drill holes in relation to the block model.
Table 1: Drill Highlights to date
| Hole ID | From | To | Drilled Thickness (m) | True Thickness (m) | Au (g/t) | Purpose |
| 25EC-094 | 595.5 | 597.0 | 1.5 | 1.50 | 2.14 | Expansion |
| 643.0 | 644.0 | 1.0 | 1.00 | 4.97 | ||
| 647.0 | 648.5 | 1.5 | 1.50 | 2.12 | ||
| 25EC-096 | 573.0 | 576.0 | 3.0 | 2.97 | 2.52 | Expansion |
| 616.0 | 617.0 | 1.0 | 0.99 | 2.30 | ||
| 25EC-097 | 24.0 | 25.5 | 1.5 | 1.48 | 10.15 | Infill |
| 58.0 | 59.0 | 1.0 | 0.99 | 2.49 | ||
| 414.0 | 416.0 | 2.0 | 1.98 | 5.71 | ||
| 454.5 | 461.5 | 7.0 | 6.92 | 3.92 | ||
| 26EC-098 | 267.0 | 268.5 | 1.5 | 1.46 | 2.12 | Expansion |
| 293.5 | 294.5 | 1.0 | 0.97 | 3.33 | ||
| 535.0 | 536.0 | 1.0 | 0.98 | 9.01 | ||
| 550.0 | 551.5 | 1.5 | 1.47 | 17.20 | ||
| 617.5 | 619.0 | 1.5 | 1.48 | 1.50 | ||
| 663.5 | 665.0 | 1.5 | 1.48 | 3.68 | ||
| 26EC-100 | 618.0 | 622.0 | 4.0 | 3.98 | 1.57 | Expansion |
| 625.0 | 626.0 | 1.0 | 0.99 | 10.75 | ||
| 638.0 | 639.0 | 1.0 | 0.99 | 3.76 | ||
| 25EC-101* | 57.0 | 58.5 | 1.5 | 1.32 | 3.04 | Infill |
| 420.0 | 421.0 | 1.0 | 0.93 | 5.49 | ||
| 459.0 | 460.0 | 1.0 | 0.93 | 3.52 | ||
| 468.0 | 475.5 | 7.5 | 7.02 | 12.50 | ||
| 478.5 | 480.5 | 2.0 | 1.87 | 4.23 | ||
| Intercepts were calculated using Au grade*thickness no less than 2g/t*m with grade no less than 1g/t, maximum consecutive dilution 2m. True thickness was used for intercept calculation * Partial results received | ||||||
Figure 2: Eau Claire – Long section 26EC-101
Figure 3: Eau Claire – Section of holes 26EC-099 and 26EC-101
Figure 4: Eau Claire – Section 26EC-097
A total of eight drill holes (3,390 m) have been completed as part of the Phase 2 drill campaign at Eau Claire, which is focused on converting inferred portions of the resource and growing the Indicated mineral resource category.
The fully financed Phase 2 program is anticipated to comprise an additional 15,000 to 25,000 m of drilling and is expected to continue through the spring and summer of 2026.
Sampling and Assaying Disclosure
Analytical samples for the Drill Program were taken by sawing HQ diameter core into equal halves on site with one half sent to ALS Chemex in Val D’or, Quebec, Canada for preparation and analysis. All samples were assayed using a 50 g nominal weight fire with assay atomic absorption finish (Au-AA24) and multi-element four acid digest ICP-AES/ICP-MS method (ME-MS61). Where Au-AA24 results were greater than 10 ppm by Au-AA24 were re-assayed with 50 g nominal weight fire assay with gravimetric finish (Au-GRA22). QA/QC programs using internal standard samples and blanks, field and lab duplicates, and lab standards and blanks indicate good overall accuracy and precision.
Valérie Doyon, P.Geo, Senior Project Geologist at Fury, is a “qualified person” within the meaning of Canadian mineral projects disclosure standards instrument 43-101 and has reviewed and approved the technical disclosures in this press release.
About Fury Gold Mines Limited
Fury Gold Mines Limited is a well-financed Canadian-focused exploration company positioned in two prolific mining regions across Canada and holds a
For further information on Fury Gold Mines Limited, please contact:
Salisha Ilyas, Investor Relations
Tel: (844) 601-0841
Email: info@furygoldmines.com
Website: www.furygoldmines.com
Forward-Looking Statements and Additional Cautionary Language
This news release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of applicable securities laws, which statements relate to the future exploration operations of the Company and may include other statements that are not historical facts. Specific forward-looking statements contained in this news release includes information relating to the Company’s ongoing exploration program at the Eau Claire project.
Although the Company believes that the assumptions and expectations reflected in those forward-looking statements were reasonable at the time such statements were made, there can be no certainty that such assumptions and expectations will prove to be materially correct. Mineral exploration is a high-risk enterprise.
Readers should refer to the risks discussed in the Company’s Annual Information Form and MD&A for the year ended December 31, 2025 and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedarplus.ca and the Company’s Annual Report available at www.sec.gov. Readers should not place heavy reliance on forward-looking information, which is inherently uncertain.
