Fury Intercepts 32.35m of 1.16% Li2O at the Ninaaskumuwin Discovery
Fury Gold Mines (TSX/NYSE: FURY) has announced significant drill results from its maiden drilling program at the Ninaaskumuwin lithium discovery at the Elmer East project in Quebec. The program, consisting of 825 metres across 5 holes, revealed impressive intercepts including 32.35m of 1.16% Li2O and 22.48m of 1.19% Li2O.
The discovery is located on Fury's 100% owned Elmer East project, spanning 45,735 hectares, and is situated approximately 50 km north of Rio Tinto's Galaxy Lithium project. The spodumene-bearing pegmatite has shown potential for a 3.8 km strike length, with surface samples returning values up to 3.92% Li2O. The mineralization remains open at depth and along strike, with vertical continuity confirmed to 150m below surface.
Fury Gold Mines (TSX/NYSE: FURY) ha annunciato risultati significativi dai suoi primi sondaggi presso la scoperta di litio Ninaaskumuwin nel progetto Elmer East in Quebec. Il programma, che ha previsto 825 metri distribuiti su 5 fori, ha evidenziato intercetti notevoli, tra cui 32,35 m con 1,16% di Li2O e 22,48 m con 1,19% di Li2O.
La scoperta si trova nel progetto Elmer East, interamente di proprietà di Fury, che copre 45.735 ettari, situato a circa 50 km a nord del progetto Galaxy Lithium di Rio Tinto. Il pegmatite contenente spodumene ha mostrato un potenziale per una lunghezza di strato di 3,8 km, con campioni di superficie che hanno restituito valori fino a 3,92% di Li2O. La mineralizzazione rimane aperta in profondità e lungo lo strato, con continuità verticale confermata fino a 150 m sotto la superficie.
Fury Gold Mines (TSX/NYSE: FURY) ha anunciado resultados significativos de perforación en su programa inicial en el descubrimiento de litio Ninaaskumuwin en el proyecto Elmer East en Quebec. El programa, que consistió en 825 metros distribuidos en 5 perforaciones, reveló interceptaciones impresionantes, incluyendo 32,35 m con 1,16% de Li2O y 22,48 m con 1,19% de Li2O.
El descubrimiento está ubicado en el proyecto Elmer East, 100% propiedad de Fury, que abarca 45,735 hectáreas, y se encuentra aproximadamente a 50 km al norte del proyecto Galaxy Lithium de Rio Tinto. La pegmatita portadora de espodumena ha mostrado potencial para una longitud de rumbo de 3,8 km, con muestras superficiales que registraron valores de hasta 3,92% de Li2O. La mineralización permanece abierta en profundidad y a lo largo del rumbo, con continuidad vertical confirmada hasta 150 m bajo la superficie.
Fury Gold Mines (TSX/NYSE: FURY)는 퀘벡 엘머 이스트 프로젝트 내 니나아스쿠무윈 리튬 발견지에서 첫 시추 프로그램의 중요한 시추 결과를 발표했습니다. 5개 시추공에서 총 825미터에 걸친 이번 프로그램은 1.16% Li2O의 32.35m와 1.19% Li2O의 22.48m 등 인상적인 구간을 밝혀냈습니다.
이 발견지는 Fury가 100% 소유한 엘머 이스트 프로젝트 내에 위치하며, 총 45,735헥타르에 걸쳐 있고, 리오 틴토의 갤럭시 리튬 프로젝트에서 북쪽으로 약 50km 떨어진 곳에 자리잡고 있습니다. 스포듀민 함유 페그마타이트는 3.8km의 주향 길이 가능성을 보여주었으며, 지표 샘플에서는 최대 3.92% Li2O의 값이 확인되었습니다. 광물화는 깊이와 주향 방향으로 계속 열려 있으며, 수직 연속성은 지표면 아래 150m까지 확인되었습니다.
Fury Gold Mines (TSX/NYSE : FURY) a annoncé des résultats de forage significatifs issus de son premier programme de forage sur la découverte de lithium Ninaaskumuwin au projet Elmer East au Québec. Le programme, comprenant 825 mètres répartis sur 5 trous, a révélé des intersections impressionnantes, notamment 32,35 m à 1,16 % de Li2O et 22,48 m à 1,19 % de Li2O.
La découverte se situe sur le projet Elmer East détenu à 100 % par Fury, couvrant 45 735 hectares, et se trouve à environ 50 km au nord du projet Galaxy Lithium de Rio Tinto. Le pegmatite porteur de spodumène a montré un potentiel pour une longueur de 3,8 km, avec des échantillons de surface affichant des teneurs allant jusqu'à 3,92 % de Li2O. La minéralisation reste ouverte en profondeur et le long de la direction, avec une continuité verticale confirmée jusqu'à 150 m sous la surface.
Fury Gold Mines (TSX/NYSE: FURY) hat bedeutende Bohrergebnisse aus seinem ersten Bohrprogramm bei der Ninaaskumuwin Lithium-Entdeckung im Elmer East Projekt in Quebec bekannt gegeben. Das Programm umfasste 825 Meter verteilt auf 5 Bohrlöcher und ergab beeindruckende Abschnitte, darunter 32,35 m mit 1,16% Li2O und 22,48 m mit 1,19% Li2O.
Die Entdeckung befindet sich auf Furys zu 100 % eigenem Elmer East Projekt, das sich über 45.735 Hektar erstreckt und etwa 50 km nördlich des Galaxy Lithium Projekts von Rio Tinto liegt. Das spodumenhaltige Pegmatit zeigt ein Potenzial für eine Streichlänge von 3,8 km, wobei Oberflächenproben Werte von bis zu 3,92% Li2O lieferten. Die Mineralisierung ist in der Tiefe und entlang des Streichens offen, mit vertikaler Kontinuität bis zu 150 m unter der Oberfläche bestätigt.
- Strong lithium grades with intercepts of up to 32.35m of 1.16% Li2O
- Strategic location 50km from Rio Tinto's recently acquired Galaxy Lithium project
- Potential 3.8 km strike length indicated by geophysics and geological mapping
- Mineralization confirmed to 150m depth and remains open along strike
- Excellent infrastructure with nearby access to highway, accommodation, and power
- Limited drilling campaign of only 825 metres in 5 holes
- Uncertainty in the orientations of the mineralized pegmatite bodies
- Only three of five drill holes intersected spodumene mineralization
Insights
Fury's initial drilling confirms significant lithium mineralization at Ninaaskumuwin discovery with excellent grades and thickness, enhancing company value.
Fury Gold Mines has announced impressive initial drill results from their Ninaaskumuwin lithium discovery at the Elmer East project in Quebec's James Bay region. The maiden program consisted of just 5 holes totaling 825 meters, yet delivered substantial intercepts including
These results are particularly promising for several reasons. First, the thickness of the mineralized intervals exceeds 32 meters in three different holes, which is substantial for pegmatite-hosted lithium deposits. Second, the drill program has confirmed vertical continuity of mineralization to 150m depth while remaining open for expansion. Third, the geophysics and mapping suggest a potential strike length of 3.8 kilometers, of which only a small portion has been tested.
The mineralogy described—coarse spodumene crystals averaging 2×5 cm and reaching up to 2×15 cm—indicates a highly evolved pegmatite system favorable for lithium concentration. The distribution of spodumene appears consistent throughout the pegmatite, which is positive for potential resource development.
From a strategic standpoint, the property's location is exceptional, being just 60 kilometers from established infrastructure at the 'km 381' rest stop and approximately 50km from Rio Tinto's Galaxy Lithium project. This proximity to a major development that was acquired for
While these are early-stage results from a limited drilling campaign, the combination of grade, thickness, and strategic location establishes Ninaaskumuwin as a legitimate lithium discovery that warrants aggressive follow-up exploration. The property represents a valuable diversification for Fury Gold Mines beyond their traditional precious metals focus.
TORONTO, Canada, July 09, 2025 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX and NYSE American: FURY) (“Fury” or the “Company”) is pleased to announce drill results from the maiden drill program, totaling 825 metres (m) in 5 holes, on its Ninaaskumuwin lithium discovery at the Elmer East project located in the Eeyou Istchee James Bay region of Quebec (Figure 1). The drilling targeted a spodumene-bearing pegmatite outcrop, which returned surface samples of up to
Highlights:
- Thick spodumene-bearing pegmatite (>32 m in thickness) was intersected in three holes with individual sample grades of up to
3.70% Li2O; - Drill results confirm the vertical continuity of lithium mineralization to 150 m below surface; and
- The lithium-bearing pegmatite remains open along strike and to depth.
“We are pleased with the positive drill results out of the Ninaaskumuwin lithium discovery from our newly acquired Elmer East project in Quebec,” commented Tim Clark, CEO of Fury. “These results continue to demonstrate the value created through our acquisition of Quebec Precious Metals earlier this year, and we look forward to continued exploration and potential discovery across our extensive land package in the James Bay region.”
Table 1: 2024 Elmer East drilling highlights.
| Hole ID | From | To | Length (m) | Li (ppm) | Li2O (%) |
| EE24-001 | 127.95 | 150.85 | 22.9 | 3662 | 0.79 |
| EE24-002 | 72.8 | 95.28 | 22.48 | 5519 | 1.19 |
| including | 72.8 | 80 | 7.2 | 8755 | 1.50 |
| EE24-003 | 88.6 | 120.95 | 32.35 | 5372 | 1.16 |
| including | 90.1 | 96.1 | 6 | 10891 | 2.34 |
| and | 104 | 105 | 5 | 11044 | 2.38 |
Downhole thickness was used due to the uncertainty in the orientations of the mineralized pegmatite bodies.
Elmer East
The Ninaaskumuwin lithium discovery is located on Fury’s
Figure 1: Location map of the Elmer East Project
The drilling campaign targeted a spodumene-bearing pegmatite outcrop where limited sampling returned values of
All five drill holes intersected highly fractionated pegmatite with spodumene mineralization observed in three of the holes. The spodumene mineralization observed is evenly distributed throughout the intersected pegmatite. The pegmatite is composed of quartz, plagioclase, potassic feldspar, and spodumene with a lesser proportion of muscovite, tourmaline, and garnet. The spodumene is light greenish-white and occurs as large and elongated crystals averaging 2 x 5 cm and up to 2 x 15 cm. A portion of the pegmatite is albite altered, in which spodumene is concentrated in bands of fine-grained crystals. The pegmatite is hosted in metasedimentary units, mainly matrix-supported conglomerate interbedded with wacke and coarse-grained sandstone.
Figure 2: Plan map of the Ninaaskumuwin lithium discovery showing the locations of 2024 drill holes in relation to the surface expression of the pegmatite dyke. For original disclosure on the 2023 surface grab samples see Quebec Precious Metals Corporation news releases dated January 18, 2024
Figure 3: Cross-section of drill hole EE24-001 to EE24-003 showing the down-dip continuity of lithium mineralization from surface down to 150m depth.
“The James Bay region has experienced a boom in lithium exploration over the past few years and is gaining attention on the world stage. The Ninaaskumuwin lithium discovery is in a great location close to established infrastructure and Rio Tinto’s Galaxy Lithium project, which is in the construction phase. These initial results from the limited 2024 drilling are encouraging and warrant additional drilling to fully understand the potential of the discovery,” commented Bryan Atkinson, SVP Exploration of Fury.
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.
Sampling and Assaying Disclosure
2024 Drilling
GeoVector Management Inc., based in Ottawa, supervised the drilling program for QPM, which includes core logging, sampling of the drill core and shipment of the samples to the laboratory facility. Drilling was performed by RJLL Drilling, based in Rouyn-Noranda.
2025 Assaying and QAQC
Analytical samples were taken by sawing HQ diameter core into equal halves with one half being sent to IGS Laboratories (“IGS”), based in Delson, Quebec, an independent ISO-17025 2017 accredited laboratory. The samples were crushed to
QAQC protocols include systematic insertion of CRM standards 1 in every 20 samples and alternating blank samples of quartz and core duplicate samples 1 in every 20 samples. Assays of quality control samples were compared with reference samples in a database and verified to be acceptable prior to use of data from analyzed batches.
Technical and scientific information disclosed from the neighbouring Galaxy project does not necessarily apply to the Elmer East project.
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 an 11.8 million common share position in Dolly Varden Silver Corp (approximately
For further information on Fury Gold Mines Limited, please contact:
Margaux Villalpando, Investor Relations
Tel: (844) 601-0841
Email: info@furygoldmines.com
Website: www.furygoldmines.com
Neither the TSX nor its Regulations Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Statements and Additional Cautionary Language
This 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. Forward-looking statements contained in this release primarily relate to statements that may suggest that the future work at the Ninaaskumuwin lithium discovery may identify a significant mineral resource.
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, 2024, 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.
Figures accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/02248e84-ae55-4a55-9bc6-284476f03e58
https://www.globenewswire.com/NewsRoom/AttachmentNg/32d69d93-9382-4c19-863c-5325e2915b9c
https://www.globenewswire.com/NewsRoom/AttachmentNg/f6a896b3-6058-41b5-8ebb-4fa0a7cf5cfa
FAQ
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