Fury Gold Mines Limited Stock Price, News & Analysis

Fury Gold Mines Limited has released promising results from its 25,000-meter resource expansion drill program at the Eau Claire deposit in Quebec. The program aims to expand the resource by exploring untested areas. Notable results include drill hole 21EC-013, which returned 3m at 8.87 g/t Au and 1m at 59.3 g/t Au. The inferred resource currently stands at 204,000 ounces grading 11.81 g/t Au. The company is optimistic about the potential for further resource expansion, especially in eastern and western extensions of the deposit.

Fury Gold Mines Limited (FURY) has released an update on its exploration at the Eau Claire project in Quebec, highlighting two new targets for potential resource expansion. The targets are located below the 850 zone, identified through enhanced understanding of mineralization controls. The company aims to drill these targets after completing initial holes at the Snake Lake target. Significant mineralization remains untested, providing opportunities for growth within the project's existing footprint.

Fury Gold Mines Limited (FURY) announced promising results from exploration drilling at the Eau Claire deposit, revealing significant gold mineralization. Notable findings include drill hole 21EC-007 with 15.3 g/t Au over 1.0m and 21EC-010 with 8.8 g/t Au over 1.5m, indicating a 600m extension of the known resource. The company is optimistic about further results and plans to target the Snake Lake area for additional drilling. These advancements suggest potential growth in the mineral deposit, bolstering investor confidence.

Fury Gold Mines Limited announces the appointment of Tim Clark as an independent director and Jeffrey Mason as Lead Director. Clark brings 23 years of global capital markets experience from major financial institutions, including BMO Capital Markets. Mason has extensive experience in precious and base metals projects, having served in key roles in various companies. The board change comes as Fury aims to enhance its corporate strategy and attract a diversified shareholder base. Blair Schultz, a key figure in the company’s formation, has resigned.

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.