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) delivers focused gold exploration across Canada's most prospective mining regions. This page serves as the definitive source for corporate developments, operational milestones, and technical advancements.
Investors and industry observers will find timely updates on drilling results, resource estimates, and strategic initiatives. Our curated news feed includes earnings reports, joint venture announcements, and expert analyses of exploration programs in Quebec's James Bay and British Columbia's Golden Triangle.
The repository features verified press releases alongside third-party coverage of FURY's systematic approach to high-grade gold discovery. Content spans permit approvals, geochemical survey outcomes, and leadership updates critical for evaluating the company's progress.
Bookmark this page for streamlined access to Fury Gold Mines' evolving story. Regular updates ensure stakeholders maintain current awareness of exploration achievements and corporate developments in established Canadian mining jurisdictions.
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.
Fury Gold Mines announced the Spring 2024 drilling results from its Éléonore South project in Quebec. The program included 2,331.4 meters across seven diamond drill holes, revealing significant gold mineralization. Highlights include 137.5 meters at 0.44 g/t gold and 18.7 meters at 0.97 g/t gold from drill hole 24ES-161, and 115.5 meters at 0.50 g/t gold from drill hole 24ES-162. The project area, near Newmont's Éléonore Mine, shows two distinct gold mineralization styles. For Summer 2024, Fury plans further biogeochemical sampling to refine drill targets, focusing on high-grade gold zones. These results bolster Fury's exploration model and confirm the potential of the Cheechoo tonalite zone.
On May 14, 2024, Fury Gold Mines provided an updated Mineral Resource Estimate for the Eau Claire deposit and a Maiden Mineral Resource Estimate for the Percival deposit in Quebec. The Eau Claire project now holds 1.16Moz of gold at 5.64 g/t in the Measured and Indicated category, and an additional 723koz at 4.13 g/t in the Inferred category. This update represents a 36% increase in Measured and Indicated gold ounces and a 45% increase in Inferred gold ounces.
The Percival deposit, located 14 km east of Eau Claire, contains 211koz of gold in the Inferred category at a grade of 2.34 g/t. Both deposits remain open for further expansion through additional drilling. The upgrades are based on extensive drilling, with 21,000 meters at Eau Claire and 7,800 meters at Percival.
The news reflects Fury's disciplined exploration strategy and positions the company for further growth, with additional exploration results expected in the coming weeks.
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