Fury Gold Mines Limited Stock Price, News & Analysis

Fury Gold Mines has finalized six drill targets at the Éléonore South gold project in Quebec after completing a surficial geochemical survey. The targets, spanning over 3 kilometers of folded sedimentary stratigraphy, show gold anomalies above the 90th percentile with notable arsenic correlation, similar to Newmont's Éléonore Mine mineralization. The Company plans a fully funded 3,000-5,000 metre diamond drilling program in Q1 2025.

The project is strategically located near Newmont's Éléonore Mine and Sirios' Cheechoo Deposit. The survey collected 2,106 biogeochemical samples at 50m intervals across a 4.2 x 1.9 km area, targeting an interpreted fold nose within the Low Formation sediments.

Fury Gold Mines has completed its 2024 exploration program at Committee Bay in Nunavut, Canada, identifying three drill-ready targets. The program covered a 300km greenstone belt containing the Three Bluffs Gold Resource and various prospects. Key findings include:

- Three Bluffs Shear: Previous drilling yielded 13.93 g/t Au over 10 metres
- Raven Shear: 7 rock samples averaged 16.12 g/t gold
- Burro West: Defined 300x300m gold anomaly with peak value of 50 ppb gold

The exploration collected 546 infill till samples and 69 rock samples across five targets. The Three Bluffs deposit currently hosts 524,000 oz at 7.85 g/t gold (indicated) and 720,000 oz at 7.64 g/t gold (inferred).

Fury Gold Mines (TSX:FURY, NYSE American:FURY) has announced high-grade lithium sampling results from its 100% owned Éléonore South gold project in Quebec. The company collected 34 samples from multiple lepidolite and spodumene-bearing pegmatite outcrops over an area of approximately 1000 x 500 metres. Seven samples returned high-grade values above 1.75% lithium oxide (Li2O), with a peak value of 4.67% Li2O.

The discovery adds to the project's potential, which already includes two distinct styles of gold mineralization. Fury's CEO, Tim Clark, expressed excitement about the lithium findings and their potential to add value for investors. The company is also awaiting results from its summer biogeochemical sampling program targeting the Éléonore style anomaly and a surficial sampling program at Committee Bay.

Fury Gold Mines (TSX:FURY)(NYSE American:FURY) has announced promising results from its 2024 core drilling program at the Serendipity Prospect, part of the Eau Claire project in Quebec. Key highlights include:

- Drill hole 24SD-009 intercepted 12.16 g/t gold over 3.0 m
- Drill hole 24SD-002 intercepted 5.27 g/t gold over 1.0 m
- These intercepts are separated by over 2 km, suggesting potential for a large mineralizing system
- The company drilled 3,871 metres across 10 holes and five distinct targets
- Serendipity is located 16 km northeast of the Eau Claire Deposit and 6.5 km north-northeast of the Percival Deposit

Fury plans to conduct follow-up drilling at Serendipity in 2025, as these results demonstrate the effectiveness of their targeting techniques and potential for new discoveries.

Fury Gold Mines announced the filing of an NI 43-101 technical report for its Eau Claire project, located in Quebec's Eeyou Istchee Territory. The report, dated June 25, 2024, reveals significant increases in gold resources: a 36% increase in Measured and Indicated gold ounces (307koz) and a 44.6% rise in Inferred gold ounces (223koz). The Eau Claire resource remains open for further expansion through additional drilling, with notable changes in vein geometry and numerous anomalies along the Percival-Serendipity trend. The report is available on SEDAR+ and the company's website.