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 (FURY) generates frequent news flow as it advances a portfolio of exploration-stage gold, lithium and rare earth projects across Canada. Company news releases, many of which are furnished to the SEC on Form 6-K, cover technical results, economic studies, financings and portfolio developments at key assets such as the Eau Claire gold project in Quebec, the Committee Bay project in Nunavut, the Sakami gold project in Northern Quebec, the Elmer East lithium discovery and the Kipawa rare earths project.
Investors following FURY news can expect detailed updates on drilling campaigns, including assay results, mineralization continuity and step-out successes at targets like La Pointe Extension and Juliette at Sakami, the Three Bluffs deposit and Raven prospect at Committee Bay, and the Ninaaskumuwin lithium-bearing pegmatite at Elmer East. The company also reports on mineral resource estimates and technical milestones, such as the initial inferred mineral resource estimate for Sakami and the mineral resource estimate and Preliminary Economic Assessment for Eau Claire.
Corporate and capital markets announcements are another important news category. Fury’s releases describe equity financings, including brokered flow-through financings and private placements, as well as its equity position in Dolly Varden Silver Corp. Regulatory and technical updates, such as the filing of NI 43-101 technical reports and the addition of qualified persons as co-authors, are also disclosed through news and accompanying Form 6-K filings.
This news page aggregates these disclosures so readers can review Fury’s exploration results, project evaluations, financing activities and regulatory filings in one place. For those tracking the progress of Canadian gold exploration, emerging lithium prospects and rare earth initiatives, FURY news provides ongoing insight into how the company is advancing its portfolio.
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.
Fury Gold Mines (TSX:FURY, NYSE American:FURY) announced the results of its Annual General Meeting of Shareholders held on June 26, 2024. A total of 43,707,728 common shares, representing 29.92% of the outstanding shares, were present or represented by proxy. All director nominees listed in the management information circular dated May 14, 2024, were elected. Notable voting results include Forrester A. Clark with 99.45% approval, Steve Cook with 98.14%, and Michael Hoffman with 99.45%. Additionally, Deloitte LLP was appointed as the company's auditor with 99.51% of votes in favor. Detailed results are available on sedarplus.ca.
Fury Gold Mines has mobilized a drill to its Serendipity Prospect located in the Eau Claire project in Quebec. The Serendipity Prospect, which is geologically similar to Fury's Percival deposit, features 10 robust geochemical targets with gold values up to 150 times above background levels. Historical drilling in the vicinity showed promising gold values, including 7.9 meters at 1.23 g/t gold and 12.1 meters at 1.38 g/t gold. However, these historical drills are over 800 meters from Fury's current targets, where anomalies are twice as strong.
The company plans to conduct 3,500 meters of diamond drilling on three targets at Serendipity. Additionally, a biogeochemical survey will be launched to identify new targets at the Éléonore South property. According to Bryan Atkinson, SVP Exploration, the anomalies they are targeting are twice as strong as those discovered in historical drilling.
Fury's technical team has refined their targeting strategy based on pathfinder elements like Arsenic, Bismuth, and Tungsten, which are key indicators of gold mineralization in the region. The team aims to test geochemical anomalies across 2 km of the strike length along the Hashimoto Deformation Zone.
Fury Gold Mines (TSX:FURY)(NYSE American:FURY) has successfully closed a C$5 million brokered private placement of 5,320,000 flow-through shares at C$0.94 each. The financing was managed by Haywood Securities Inc., with BMO Capital Markets, H.C. Wainwright & Co., , and Echelon Wealth Partners Inc. also participating. The gross proceeds will fund Canadian exploration expenses, particularly in Québec, with renouncements effective December 31, 2024. The shares are not restricted by resale limitations under Canadian law. Agents received a 6.0% commission on the gross proceeds. The securities are not registered in the U.S. and are not for U.S. distribution.