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 reports exploration and project-development developments for a Canadian gold portfolio centered on high-grade assets in Quebec and Nunavut. Recurring updates focus on the 100%-held Eau Claire gold project in the Eeyou Istchee Territory of the James Bay Region, including drilling, resource continuity, technical studies, environmental baseline work and mine-permitting preparation.
Fury news also covers activity at the Sakami, Committee Bay, Éléonore South and other exploration assets, along with mineral resource estimates, portfolio expansion in Quebec, financing activity, equity investments and board or management changes tied to advancing mineral projects.
Fury Gold Mines Limited announced promising results from its 2021 exploration program at the Raven prospect within the Committee Bay project in Nunavut. Key findings included drill intercepts of 9.18 g/t gold over 1.5 metres and 7.30 g/t over 1.0m, alongside rock grab samples showing up to 32.90 g/t gold. These discoveries expanded the mineralization footprint by 160m down plunge and 70m along strike. The identified high-grade areas indicate significant potential for further exploration in 2022.
Fury Gold Mines Limited has announced significant drill results at the Snake Lake prospect, located east of the Eau Claire deposit in Quebec. Highlights include intercepts of 20.70 g/t Au over 1.5 meters and 5.16 g/t Au over 2.50 meters. The drilling has expanded the mineralization footprint within the Snake Lake corridor to over 950 meters along strike. The company's exploration strategy focuses on confirming the extensions of the Eau Claire deposit, indicating strong potential for further gold discoveries.
Fury Gold Mines Limited (TSX:FURY, NYSE American:FURY) has announced the identification of 15 new gold anomalies at the Percival prospect in Quebec, following a successful biogeochemical sampling program. The anomalies span 6.5 km and will be the focus of further exploration, including an induced polarization geophysical survey scheduled for February. Historical drill results have shown significant gold intercepts, including up to 93.1m of 2.22 g/t gold. The company's exploration efforts aim to enhance its current resources and identify new potential discoveries.
Fury Gold Mines Limited (TSX:FURY) provided significant updates on its corporate and exploration activities in 2021. The company accomplished a private placement worth CAD$5.6 million and secured a CAD$50 million deal selling its Homestake Ridge project to Dolly Varden Silver. Exploration efforts led to promising results at both the Eau Claire and Committee Bay projects, with notable gold intercepts. As of December 31, 2021, Fury held a cash position of approximately CAD$3.1 million, positioning the company well for 2022.
Dolly Varden Silver Corporation and Fury Gold Mines Ltd have announced a definitive agreement for Dolly Varden to acquire the Homestake Ridge gold-silver project for CAD $50 million. The project contains an estimated resource of 165,993 ounces of gold and 1.8 million ounces of silver in the Indicated category, and 816,719 ounces of gold and 17.8 million ounces of silver in the Inferred category. The transaction aims to consolidate resources for enhanced exploration and development synergy. Fury will receive $5 million in cash and shares, gaining approximately 36.9% ownership in Dolly Varden post-transaction.
Fury Gold Mines Limited announced significant results from its Three Bluffs deposit expansion drilling in Nunavut. Drill hole 21TB-152 intersected multiple high-grade gold zones, including 10.0m of 13.93 g/t, 3.0m of 18.67 g/t, and 1.0m of 23.2 g/t. These results exceed expectations and bolster the resource expansion potential at Committee Bay, which already has defined resources of 524,000 oz at 7.85 g/t gold in the indicated category. The company aims to explore these promising intercepts further, enhancing the long-term growth trajectory.
Fury Gold Mines Limited provided promising results from six core drill holes at the Eau Claire project in Quebec. The highlight was drill hole 21EC-041, which intersected mineralization zones including 3.0 meters of 9.36 g/t gold. This indicates significant growth potential, with the deposit open for further exploration to the west. CEO Tim Clark expressed optimism about ongoing and upcoming exploration activities, aiming to refine plans based on new drilling results. The drilling confirmed the presence of stacked high-grade veins, suggesting a robust resource expansion at Eau Claire.
Fury Gold Mines Limited has successfully closed the second tranche of a non-brokered private placement, raising CAD$1,781,835 by issuing 2,375,780 units at CAD$0.75 each. This adds to the total gross proceeds of CAD$5,596,088 from the entire placement. Each unit consists of one common share and one warrant, allowing purchase of additional shares at CAD$1.20 for three years. Proceeds will support ongoing exploration at the Eau Claire project in Quebec and general working capital.
Fury Gold Mines Limited has successfully closed the first tranche of its non-brokered private placement, issuing 5,085,670 units at CAD$0.75 per unit, which raised gross proceeds of CAD$3,814,253. Each unit comprises one common share and one warrant, allowing the purchase of additional shares at CAD$1.20 for three years. The funds will support exploration at the Eau Claire project in Quebec and cover working capital. The company anticipates completing further tranches soon, having received conditional approvals for issuing 7,578,117 units.
Fury Gold Mines (FURY) has entered a Royalty Purchase Agreement to acquire a 2% net smelter return royalty on specific claims at its Homestake Ridge project in British Columbia for $400,000. This amount will be paid 25% in cash and 75% in shares, with the share issuance subject to a four-month hold period. This acquisition aims to simplify ownership structure as the project progresses. The Homestake Ridge project is located in a gold-rich area, covering 7,500 hectares, and is 100% owned by Fury, subject to two existing royalties.