Fury Gold Mines Limited Stock Price, News & Analysis

Fury Gold Mines Limited announced the resignation of Michael Timmins as President, CEO, and director, effective immediately. Tim Clark, a current director with 23 years of capital markets experience, has been appointed as the new CEO and director. The company is focused on aggressive gold exploration programs, with several high-priority assays pending. The board expressed gratitude towards Timmins for his service and emphasized that Clark's leadership will help realize full value for stakeholders.

Fury Gold Mines Limited (FURY) announced promising results from eight core drill holes at its Eau Claire project in Quebec. Significant intercepts include 1.0 m of 12.81 g/t gold and 8.0 m of 1.18 g/t gold at the Hinge target. The company is focused on resource expansion drilling, with multiple zones of mineralization identified in recent holes. Ongoing drill programs at both Eau Claire and the Raven shear zone are expected to provide further results. Fury anticipates robust exploration activity in the second half of the year, which may enhance its gold resource significantly.

Fury Gold Mines has initiated drilling at its Committee Bay project in Nunavut, controlling a 270,000-hectare area across a 300-kilometre greenstone belt. The 5,000-metre drill program aims to expand high-grade mineralization at the Raven prospect, previously showing intercepts of up to 31.1 g/t gold. Additional drilling targets include the Three Bluffs deposit, which contains an indicated resource of 524,000 oz at 7.85 g/t. The summer program focuses on exploring extensions of mineralization and advancing other high-priority targets.

Fury Gold Mines Limited (FURY) announced the results of its Annual General & Special Meeting held on June 24, 2021. A total of 46,092,599 common shares, representing 39.08% of outstanding shares, participated in the vote. The number of directors was set at seven, all nominees were elected with over 98% approval, and Deloitte LLP was appointed as auditors with 99.11% votes in favor. A special resolution to amend the Articles of Incorporation was also approved by 98.78%.

Fury Gold Mines Limited has scheduled its 2021 Annual General and Special Meeting of Shareholders for June 24, 2021, at 1:00 p.m. ET. This meeting will be conducted virtually due to COVID-19 health restrictions. Shareholders entitled to vote were recorded as of May 19, 2021. Details and materials regarding the meeting are available on the company's website, and a presentation by senior management will follow the meeting. Fury focuses on exploration and development in Canada, emphasizing project advancement and sustainable practices.

Fury Gold Mines Limited has announced an updated geological framework for the Eau Claire project in Quebec, enhancing regional targeting through advanced surveys. This includes identifying two mineralization styles: quartz-tourmaline veins and sedimentary breccias at the Percival prospect. Plans for summer involve geochemical surveys and geological mapping, leading to drilling in Q4 2021. Historical data reflects high-grade mineralization potential, with new targets set to be explored. The company emphasizes improved data accuracy for better exploration outcomes.

Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) has announced promising results from its ongoing exploration at the Eau Claire deposit in Quebec. Drill hole 21EC-022 yielded an impressive 23.27 g/t gold over 7.09 metres, marking it as the fifth-best result among over 900 drilled holes. The company aims to continue drilling to expand the resource further east, with preliminary results from Target A indicating high-grade intervals. The current resource is estimated at 204,000 ounces at 11.81 g/t gold. Fury's technical team remains optimistic about the site's potential for resource expansion.

Fury Gold Mines Limited (FURY) reports positive drill results from the Snake Lake structure, located 1 km east of the Eau Claire deposit in Quebec. Notable intersections include 94.1 g/t gold over 0.5m and 7.51 g/t gold over 2m, extending mineralization by 840m and 150m respectively. A new mineralized horizon was identified, enhancing the potential of the area. The company plans to switch to larger diameter drill cores to improve sample size and assay accuracy. CEO Mike Timmins emphasizes the potential for significant discoveries in the region.

Fury Gold Mines Limited (TSX:FURY) (NYSE American:FURY) announced significant progress in its exploration and corporate activities. Highlights include the initiation of a 50,000-meter drill program at Eau Claire, Quebec, with 40% completion to date, and identification of new target horizons. The company filed a C$200 million base shelf prospectus and partnered with ESG platform Digbee to enhance sustainability communication. Current drilling efforts focus on high-grade gold targets at Eau Claire while also preparing for potential projects at Homestake Ridge and Committee Bay.