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Fury Gold Mines hits best-ever gold intercept at Eau Claire

Fury Gold Mines Limited reported new drill results from the Phase 2 program at the Eau Claire gold project in the James Bay Region of Northern Quebec and has mobilized a third drill rig to site.

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Rhea-AI Filing Summary

Fury Gold Mines Limited reported new drill results from the Phase 2 program at the Eau Claire gold project in the James Bay Region of Northern Quebec and has mobilized a third drill rig to site. Phase 2 is focused on converting inferred mineral resources into higher-confidence categories and expanding the indicated resource.

The best result so far is conversion hole 26EC-115, which intersected 7.01 g/t gold over 21.0 m, including 10.27 g/t gold over 11.0 m, described as the highest-grade intercept of comparable true thickness at Eau Claire to date. Additional holes in Zone 450, including 26EC-104, 26EC-105, 26EC-110 and 26EC-113, returned multiple shorter high-grade intercepts, while hinge-area hole 26EC-111 cut 20.60 g/t gold over 0.85 m.

To date, 23 drill holes totaling about 11,650 m have been completed in Phase 2, with full assay results received for 8 holes totaling 5,064 m and partial results for one additional hole. All three active drills are currently operating in the same sector to advance resource conversion, expansion drilling and follow-up on the high-grade shoot intersected in 26EC-115. Fury is a Canadian-focused exploration company advancing Eau Claire and holds a 5.8% equity position in Contango Silver and Gold Inc.

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Filing Explained

Fury reported a high-grade Eau Claire intercept and added a third drill, expanding ongoing exploration capacity without disclosing a completed resource reclassification.

The July 13, 2026 Form 6-K reports assay results from Fury Gold Mines’ ongoing Phase 2 drilling at Eau Claire and the mobilization of a third drill rig; the program remains underway, so the disclosed change is added drilling capacity and further resource-conversion testing, not a completed resource reclassification.

Form 6-K is an interim report used by a foreign private issuer to furnish material information published in its home market, and the substantive information here is contained in Exhibit 99.1, the company’s July 13 press release.

The reported batch covers 8 holes and 5,064 metres, led by hole 26EC-115, which returned 7.01 g/t gold over 21.0 metres, including 10.27 g/t over 11.0 metres.

The release says 23 Phase 2 holes totalling approximately 11,650 metres had been completed, three had been abandoned, and assay results were available for 8 holes, with partial results for one additional hole; all three drills are now active at Eau Claire.

The company calls 26EC-115 its best-ever Eau Claire intercept, but the hole tested an inferred portion of the resource and the stated purpose of Phase 2 is to convert inferred resources into higher-confidence categories, so this is an exploration result rather than an announced category upgrade.

The July 13 release identifies additional assay results as pending for one partially reported hole and says the company plans to test extensions of the high-grade shoot both up-plunge and down-plunge.

High-grade intercept 26EC-115 7.01 g/t gold over 21.0 m Conversion drill hole 26EC-115 within Eau Claire mineral resource
Included interval 26EC-115 10.27 g/t gold over 11.0 m Higher-grade portion of 26EC-115 intercept
High-grade hinge intercept 20.60 g/t gold over 0.85 m Drill hole 26EC-111 in hinge area at Eau Claire
Phase 2 holes completed 23 drill holes totaling approximately 11,650 m Total Phase 2 drilling to date at Eau Claire
Assays received 8 holes totaling 5,064 m Full assay results available so far in Phase 2
Equity position in Contango 5.8% Equity stake in Contango Silver and Gold Inc.
Drill rigs at Eau Claire 3 drills Number of active diamond drill rigs in Phase 2
inferred mineral resources financial
"Phase 2 drilling is aimed at converting inferred mineral resources into higher-confidence categories"
An inferred mineral resource is an estimate of the quantity and grade of minerals in the ground based on limited sampling and geological information, where confidence is low and continuity is uncertain. For investors it signals potential value but also higher risk—like a rough sketch of a hidden treasure that requires much more exploration and testing before you can reliably judge its size or economic worth.
indicated mineral resource financial
"Phase 2 drilling is aimed at converting inferred mineral resources into higher-confidence categories and expanding the indicated mineral resource"
A quantified portion of a mineral deposit where geological evidence and sampling give a reasonable level of confidence in the quantity, grade and continuity of the minerals — think of it as a well-marked stretch on a treasure map rather than a vague hunch. It matters to investors because it provides a credible estimate that can be used for preliminary economic studies and valuation, reducing uncertainty compared with less-certain resource categories.
true thickness technical
"No other intercept of comparable true thickness has returned as high a grade at Eau Claire to date"
True thickness is the actual width of a geological layer or mineralized zone measured perpendicular to its planes, not the longer or shorter slice produced when a drill hole cuts it at an angle. For investors, true thickness tells you how much rock or ore is really present in a deposit—like comparing the real thickness of a loaf to the length of a diagonal slice—so it affects volume estimates, grade calculations and the economic value of a resource.
qualified person regulatory
"Valérie Doyon, P.Geo, Senior Project Geologist at Fury, is a “qualified person” within the meaning of Canadian mineral projects"
A qualified person is someone with specialized knowledge, experience, and training in a particular field, allowing them to accurately assess and verify information or work. Their expertise helps ensure that reports, evaluations, or decisions are trustworthy and meet required standards. For investors, a qualified person provides confidence that the information they rely on is credible and properly validated.
fire assay technical
"All samples were assayed using a 50 g nominal weight fire with assay atomic absorption finish (Au-AA24)"
Fire assay is a laboratory process used to accurately measure the amount of precious metals, like gold or silver, in a sample of ore or material. It involves heating the sample intensely to separate the metals from other substances, much like melting and purifying metal to determine its purity. This method is important to investors because it provides precise data on the metal content, helping to assess the value of mining operations or mineral deposits.
QA/QC programs technical
"QA/QC programs using internal standard samples and blanks, field and lab duplicates, and lab standards and blanks indicate good overall accuracy"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Fury Gold Mines (FURY) report from its latest Eau Claire drilling?
Fury reported new Phase 2 drill results at Eau Claire, highlighted by hole 26EC-115, which intersected 7.01 g/t gold over 21.0 m, including 10.27 g/t gold over 11.0 m, described as the best intercept of comparable thickness at the project to date.

How many holes and metres has Fury Gold Mines (FURY) drilled in Phase 2 at Eau Claire?
Phase 2 at Eau Claire has completed 23 drill holes totaling approximately 11,650 m. Assay results are available for 8 holes totaling 5,064 m, with partial results representing about 17% of one additional hole.

What other notable gold intercepts did Fury Gold Mines (FURY) announce?
Besides 26EC-115, hinge-area hole 26EC-111 intersected 20.60 g/t gold over 0.85 m. Zone 450 holes, including 26EC-104, 26EC-105, 26EC-110 and 26EC-113, returned multiple shorter intercepts such as 5.68 g/t over 2.97 m and 7.31 g/t over 0.97 m.

What is the purpose of Fury Gold Mines’ (FURY) Phase 2 drill program at Eau Claire?
Phase 2 drilling is aimed at converting inferred mineral resources into higher-confidence categories and expanding the indicated mineral resource. The program also tests for extensions of a high-grade shoot intersected in hole 26EC-115, both up-plunge and down-plunge.

How many drill rigs is Fury Gold Mines (FURY) operating at Eau Claire now?
Fury has mobilized a third diamond drill rig, bringing the total to three active drills at Eau Claire. All drills are operating within the same sector to continue resource conversion, expansion and follow-up drilling on high-grade zones.

What other assets or investments does Fury Gold Mines (FURY) hold?
Fury is described as a Canadian-focused exploration company advancing the Eau Claire gold project and holds a 5.8% equity position in Contango Silver and Gold Inc., providing additional exposure to precious metals exploration.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2026

Commission File Number: 001-38145

Fury Gold Mines Limited
(Translation of registrant's name into English)

1630-1177 West Hastings Street
Vancouver, BC, V6E 2K3 Canada
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [   ]      Form 40-F [ X ]

 

 

EXHIBIT INDEX

 

Exhibit Number Description
  
99.1 Press Release dated July 13, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

      Fury Gold Mines Limited    
  (Registrant)
   
  
Date: July 13, 2026     /s/ Phil van Staden    
  Phil van Staden
  Chief Financial Officer
  

EXHIBIT 99.1

Fury Reports Intercept of 7.0 g/t Gold over 21.0 Metres at Eau Claire and Mobilizes Third Drill Rig

No other intercept of comparable true thickness has returned as high a grade at Eau Claire to date

TORONTO, July 13, 2026 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX and NYSE American: FURY) ("Fury" or the "Company") is pleased to announce the second batch of assay results (8 holes, 5,064 metres (m)) from its ongoing Phase 2 (15,000–25,000-metre) drill program at the Eau Claire gold project ("Eau Claire" or the "Project"), and that it has mobilized a third diamond drill rig to the site. The Project is located in the Eeyou Istchee Territory in the James Bay Region of Northern Quebec.

The most significant result from this batch of drilling is conversion drill hole 26EC-115, which tested an inferred portion of the mineral resource approximately 52 m down strike of drill hole 26EC-102 and 32 metres west of hole 23EC-110. The hole intersected 7.01 g/t gold over 21.0 m, including 10.27 g/t gold over 11.0 m (Figure 2), confirming the continuity of the high-grade shoot within the modelled zone. No other intercept of comparable true thickness has returned as high a grade at Eau Claire to date, highlighting both the scale and quality of mineralization encountered in this hole.

“We are extremely pleased to report our best-ever intercept at Eau Claire to date,” commented Tim Clark, CEO of Fury. “These latest results continue to confirm the continuity and quality of mineralization as we convert inferred resources to higher-confidence categories, which warrants the addition of a third drill rig within the same sector, allowing us to follow up on these zones without slowing the pace of our Phase 2 program, supporting our ongoing prefeasibility study work.”

In addition, drill hole 26EC-110, which also targeted mineralization within an inferred portion of the Eau Claire mineral resource, returned multiple intercepts along its length, including 5.68 g/t gold over 2.97 m and 2.53 g/t gold over 4.95 m (Figure 3).

Drill holes 26EC-104, 26EC-105 and 26EC-113 returned a series of lower-grade intercepts within Zone 450, including 6.81 g/t gold over 0.98 m and 5.00 g/t gold over 1.96 m in 26EC-104, 5.07 g/t gold over 0.98 m in 26EC-105, and 7.31 g/t gold over 0.97 m in 26EC-113, further supporting the continuity of mineralization across the zone.

Four holes were drilled in the hinge area, with assay results currently available for three of those holes. Drill hole 26EC-111 intersected 20.60 g/t gold over 0.85 m, with drill holes 26EC-112 and 26EC-114 also returning gold mineralization (Figure 3).

Table 1: Recent Drill Highlights

Hole ID FromToDrilled
Thickness
(m)		True
Thickness
(m)		Au (g/t)Zone
26EC-104
 577.0578.01.00.984.42450
 582.5583.51.00.982.24
 586.5587.51.00.986.81
 601.0602.01.00.983.31
 607.5608.51.00.983.50
 639.0641.02.01.965.00
 700.0701.01.00.983.06
26EC-105
 48.049.51.51.462.01450
 372.5373.51.00.985.07
 391.0392.01.00.982.50
 401.5407.05.55.411.46
 440.0441.51.51.481.72
25EC-110
 571.5574.53.02.975.68450
 645.0648.03.02.971.81
 652.5653.00.50.494.32
 657.5660.02.52.472.73
 699.0704.05.04.952.53
26EC-113
 619.0620.01.00.977.31450
 775.0776.01.00.974.26
26EC-115*
 558.0560.02.02.007.25450
 572.0573.01.01.003.19
 583.0590.07.07.001.11
 593.0614.021.021.007.01
Including593.0604.011.011.0010.27
26EC-111
 189.5191.01.50.8520.60Hinge
 252.0253.51.50.862.45
26EC-112
 138.0141.03.01.611.93Hinge
 163.5165.01.50.813.36
26EC-114 119.0122.03.00.853.09Hinge

* Partial results

Phase 2 drilling is aimed at converting inferred mineral resources into higher-confidence categories and expanding the indicated mineral resource. To date, 23 drill holes totalling approximately 11,650 m have been completed, of which three holes were abandoned. Assay results are currently available for 8 holes totalling 5,064 m, with partial assay results available for one additional hole, representing approximately 17% of that hole.

With the addition of the third rig, Fury now has three drills active at Eau Claire, all operating within the same sector being tested under the Phase 2 program. The additional capacity will allow the Company to return to and further test certain zones that have already yielded significant drill results, while continuing to advance resource conversion and expansion drilling elsewhere within the modelled deposit. The company also plan to test for extensions of the high-grade shoot intersected in the hole 26EC-115, both up-plunge and down-plunge.


Figure 1: Long section of the Eau Claire Deposit looking north showing the locations of the completed and current drill holes in relation to the block model.


Figure 2: Long section of the Eau Claire Deposit looking north showing the High-grade Shoot locations and high-grade sample assays.


Figure 3: Eau Claire – Section 26EC-115 (partial result) and 26EC-110


Figure 4: Eau Claire – Section 26EC-097 and 26EC-102

Valérie Doyon, P.Geo, Senior Project Geologist at Fury, is a “qualified person” within the meaning of Canadian mineral projects disclosure standards instrument 43-101 and has reviewed and approved the technical disclosures in this press release.

Sampling and Assaying Disclosure

Analytical samples for the Drill Program were taken by sawing HQ diameter core into equal halves on site with one half sent to ALS Chemex in Val D’or, Quebec, Canada for preparation and analysis. All samples were assayed using a 50 g nominal weight fire with assay atomic absorption finish (Au-AA24) and multi-element four acid digest ICP-AES/ICP-MS method (ME-MS61). Where Au-AA24 results were greater than 10 ppm by Au-AA24 were re-assayed with 50 g nominal weight fire assay with gravimetric finish (Au-GRA22). QA/QC programs using internal standard samples and blanks, field and lab duplicates, and lab standards and blanks indicate good overall accuracy and precision.

About Fury Gold Mines Limited

Fury Gold Mines Limited is a well-financed Canadian-focused exploration company advancing the Eau Claire gold project towards development, which holds a 5.8% equity position in Contango Silver and Gold Inc. Led by a management team and board of directors with proven success in financing and advancing exploration assets, Fury intends to grow its gold portfolio through rigorous project evaluation and exploration excellence. Fury is committed to upholding the highest industry standards for corporate governance, environmental stewardship, community engagement and sustainable mining. For more information on Fury Gold Mines, visit www.furygoldmines.com .

For further information on Fury Gold Mines Limited, please contact:

Salisha Ilyas, Investor Relations
Tel: (844) 601-0841
Email: info@furygoldmines.com
Website: www.furygoldmines.com

Forward-Looking Statements and Additional Cautionary Language

This news release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of applicable securities laws, which statements relate to the future exploration operations of the Company and may include other statements that are not historical facts. Specific forward-looking statements contained in this news release includes information relating to the Company’s ongoing exploration program at the Eau Claire project.

Although the Company believes that the assumptions and expectations reflected in those forward-looking statements were reasonable at the time such statements were made, there can be no certainty that such assumptions and expectations will prove to be materially correct. Mineral exploration is a high-risk enterprise.

Readers should refer to the risks discussed in the Company’s Annual Information Form and MD&A for the year ended December 31, 2025 and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedarplus.ca and the Company’s Annual Report available at www.sec.gov. Readers should not place heavy reliance on forward-looking information, which is inherently uncertain.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/394efc4a-acdc-445f-b8f7-f225d4171de9

https://www.globenewswire.com/NewsRoom/AttachmentNg/d1662f19-9806-44e8-8a91-bd0bdd90a798

https://www.globenewswire.com/NewsRoom/AttachmentNg/ecba08aa-10fa-49a9-ae80-66950df4a75c

https://www.globenewswire.com/NewsRoom/AttachmentNg/092dca98-e4ae-4714-8383-0836852eda8f

Source: View Original Filing on SEC EDGAR

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