Fury Gold Mines Limited Stock Price, News & Analysis

Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) announced significant progress on the Lac Clarkie project, revealing eight new gold targets from a B-horizon soil sampling program. Six targets are aligned with the Cannard Deformation Zone, which is known for its gold occurrences, including the flagship Eau Claire deposit. The company aims to advance these targets towards drilling readiness in 2023. Fury is well-funded, boasting C$9.3 million in treasury and approximately C$60 million in marketable securities. The company is committed to a disciplined exploration strategy to maximize its discovery opportunities.

Fury Gold Mines Limited (NYSE American:FURY) announced the results of its 2022 drilling program at the Eau Claire project in Quebec, highlighting a successful expansion of gold mineralization at the Hinge Target. Notably, drill hole 22EC-059 confirmed substantial gold grades, including an impressive 1.50m intercept of 22.77 g/t gold. The company achieved a 55% hit rate above the indicated resource grade of 6.3 g/t gold. The updated geological interpretation suggests a 25% increase in the mineralized footprint. Additionally, Fury has engaged Native Ads Inc. for a digital marketing campaign to raise brand awareness. Plans for 2023 developments will be disclosed soon.

Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) reported significant achievements for 2022, including a 25% expansion of the Eau Claire deposit mineralized footprint and impressive drill results like 8.05 g/t gold over 13.5 meters at the Percival Prospect.

Key milestones included raising C$22.8 million, consolidating the Éléonore South Joint Venture with Newmont, and completing a 17,700m drill program. The company also appointed Jeffrey Mason as Chair of the Board, emphasizing its commitment to growth and exploration in 2023.

Fury Gold Mines Limited reported promising drilling results at the Percival Main and Percival East prospects in Quebec. Eight core drill holes confirmed the high-grade core of mineralization, with significant intercepts including 13.5m of 8.05 g/t gold and 7.5m of 4.38 g/t gold. The company's exploration targets show potential for further expansion, and plans for a second drilling phase are underway. The Percival Prospect spans a 500m by 100m area with high-grade gold defined to 300m depth, supporting future growth and exploration activities.

Fury Gold Mines Limited (TSX:FURY, NYSE American:FURY) reported promising results from six core drill holes at the Eau Claire project in Quebec. Significant gold mineralization was discovered, with drill holes 22EC-049 and 22EC-055 extending mineralization by 125 meters. Key intercepts included 4.0m of 5.75 g/t gold and 1.0m of 9.81 g/t gold in 22EC-055. The overall mineralized footprint has increased by 25%. Fury has C$12.5 million in treasury and anticipates more assay results in the coming months, potentially enhancing gold resource estimates.

Fury Gold Mines Ltd (TSX:FURY)(NYSE American:FURY) announced the completion of its share sale transaction on October 3, 2022, selling 17 million common shares of Dolly Varden Silver Corporation at C$0.40 per share, reducing its ownership from 33% to 26%. The proceeds will fund exploration at Fury's Eau Claire and Éléonore South Joint Venture projects in Quebec and support general working capital. Fury retains two board nominees at Dolly Varden and will assess its investment periodically.

Dolly Varden Silver Corporation and Fury Gold Mines Ltd announce a non-brokered agreement where Fury sells 17 million common shares of Dolly Varden at C$0.40 per share, representing 7.4% of Dolly Varden's outstanding shares. Despite not receiving any proceeds, Dolly Varden welcomes a new institutional investor. Fury retains approximately 26% ownership post-transaction and aims to use the proceeds for exploration at its Eau Claire and Éléonore South Joint Venture projects. Closing is expected after a seven-day notice period.

Fury Gold Mines Limited announced the completion of a buy-out to acquire the remaining 23.77% interest of Azimut Exploration in the Éléonore South Joint Venture (ESJV) with Newmont Corporation. Post-transaction, Fury holds 50.022% and Newmont 49.978%. The cost for this added interest was C$1,202,663. Additionally, Fury has identified nine gold targets through an infill till sampling program at the ESJV project, with potential high-grade and bulk tonnage gold styles, aiming to advance to drilling stage next year.

Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) announced promising results from seven core drill holes at the Eau Claire project in Quebec. The 2022 exploration drilling program showed potential for significant deposit expansion at the Hinge Target. Notable intercepts include 3.50m of 4.79 g/t gold and 1.00m of 20.6 g/t gold from drill hole 22EC-048. The company anticipates a 20% increase in the mineralized strike length. Ongoing drilling will test additional targets, revealing strong mineralization and an optimistic outlook for resource growth.