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  1. #1

    Default Fury Gold Mines

    Fury Gold Mines (NYSE:Fury) (about $0.73/share) announces executive management change. New CEO and change of corp. direction.

    "About Fury Gold Mines Limited

    Fury Gold Mines is a Canadian-focused gold exploration company strategically positioned in three prolific mining regions: James Bay, Quebec; the Kitikmeot Region Nunavut; and the Golden Triangle, British Columbia. Our vision is to deliver shareholder value by aggressively growing our multi-million ounce gold portfolio through additional significant gold discoveries in Canada. Fury Gold Mines was formed in 2020 following Auryn Resources Inc.'s reorganization and acquisition of Eastmain Resources Inc. Our core values are trust, respect, integrity and accountability. We actively engage with internal and external stakeholders in a transparent and honest manner, holdings ourselves to the highest - safety, governance and business standards. For more information on Fury Gold Mines, visit www.furygoldmines.com."

    Also: https://www.youtube.com/watch?v=8miShLZ8q98
    American Legion Preamble: https://www.legion.org/preamble

  2. #2

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    "TORONTO, ON / ACCESSWIRE / September 13, 2021 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) ("Fury" or the "Company") is pleased to announce that the Company has entered into a Royalty Purchase Agreement (‘the Agreement") for the purchase of a 2% net smelter return royalty ("the Royalty') on certain claims at its Homestake Ridge project in British Columbia (Figure 1). The purchase price is $400,000, payable 25% in cash and 75% in shares priced at the 5-day VWAP prior to completion on or before September 20, 2021, but in no event more than 328,367 shares or fewer than 239,000 shares. The shares will be subject to a four-month hold period in Canada. The TSX has conditionally approved the listing of these shares.

    "The purchase and consolidation of the Homestake Ridge Royalty provides for a simplified, cleaner ownership structure of the project as it advances through future stages of discovery," commented Tim Clark, CEO of Fury.

    The Homestake Ridge project is located in the prolific Iskut-Stewart-Kisault gold belt in northwestern British Columbia, Canada, and covers approximately 7,500 hectares. The project is host to a high-grade gold, silver, copper and lead resource, which remains open at depth and along strike. The Homestake Ridge project is held 100% by the Company, subject to two royalties, with a 2% net smelter royalty ("NSR") applicable to the Crown grants; and a 2% Royalty on 14 mineral claims, which is the subject of this Agreement."
    American Legion Preamble: https://www.legion.org/preamble

  3. #3

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    "VANCOUVER, BC / ACCESSWIRE / November 29, 2021 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) ("Fury" or the "Company") is pleased to provide results for six core drill holes at the Eau Claire project located in the Eeyou Istchee Territory in the James Bay region of Quebec. The drilling focused on demonstrating the potential to expand the deposit to the west on both the Hinge and Limb target areas (Figure 1). Drill hole 21EC-041 targeted the Hinge zone of the anticline that defines the geometry of the deposit and the interbedded magnesium and iron-rich basaltic units that host the majority of the resource. The drill hole intersected seven zones of mineralization over a 110-metre drill width, including 3.0 metres (m) of 9.36 g/t gold, 3.0m of 3.38 g/t gold and 1.5m of 4.94 g/t gold. The multiple stacked zones of mineralization demonstrate that the deposit is open down plunge to the west and is situated approximately 100m below the defined resource at the deposit (Figure 2). Fury believes that the down plunge extension of the Eau Claire deposit has the potential to significantly expand the current resource.

    "This has been a very busy year for Fury, and we are thrilled to share results from multiple summer exploration programs as we get ready for exploration in 2022," commented Tim Clark, CEO of Fury. "Hole 21EC-041 is a great result and certainly gives us confidence that this resource has room to grow. The Hinge is a high priority target, and this intercept opens up the Eau Claire deposit for considerably more exploration to the west.

    "Over the next few weeks, we are also looking forward to publishing additional drilling results from both Committee Bay and Snake Lake. This will be followed by news from surface programs intended to help establish drill programs at Percival, Serendipity and the Eleonore South JV, which will all be important as we refine our exploration plans for the coming year."

    Hinge Zone Target

    The Hinge target located to the west of the defined Eau Claire resource is defined by a 20- to 30-degree plunge of the anticline that defines the geometry of the deposit. The plunging anticline is interpreted to extend approximately one kilometre to the west based on geologic mapping and geophysical data that demonstrates a plunging conductivity anomaly that images the sediments hosted in the core of the fold (Figure 2). To date a total of four drill holes have tested the Hinge geometry of the Eau Claire anticline within the interbedded magnesium and iron rich basaltic units that host the bulk of the resource at the Eau Claire deposit. The results of these four drill holes demonstrates the potential to discover multiple stacked high-grade veins as evidenced by the 3m of 9.36 g/t gold and the previously announced intersection of 1m of 12.81 g/t in drill hole 21EC-032 (see news release dated August 4th, 2021). Fury's technical team is currently planning the next series of drill holes into the Hinge zone with drill fences across the Hinge zone being planned on 50m to 100m step outs to the west (Figure 2).

    "The multiple stacked zones of mineralization encountered in the Hinge zone target are similar to those found in the most robust areas of the Eau Claire resource," commented Michael Henrichsen, SVP, Exploration, Fury. "Given the clear down plunge potential of the Hinge zone and the high-grades encountered this target area provide the potential to deliver a significant increase to the resource to the west."

    Western Limb Results

    Seven drill holes targeted the direct extension of the 450-zone mineralization at the Limb target (Figure 2). All drill holes intersected stacked zones of quartz tourmaline veining proximal to quartz porphyry dykes that are consistent geologically with mineralization within the Eau Claire resource. Although no high-grade intercepts of mining width were encountered in the drilling the hydrothermal system remains open and the Company is further evaluating Limb targets further to the west."


    Plus:



    Fury Drills 13.93 g/t Gold over 10 Metres at Committee Bay Project in Nunavut

    VANCOUVER, BC / ACCESSWIRE / December 1, 2021 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) ("Fury" or the "Company") is pleased to announce results from the Three Bluffs deposit expansion drilling at its Committee Bay project in the Kitikmeot region of Nunavut. Drill hole 21TB-152 drilled 120 metres (m) down dip from the currently defined resource at Three Bluffs targeting a prominent geophysical conductor. The hole intersected three discrete zones of high-grade gold mineralization over a 30m drill width, including 10.0m of 13.93 g/t gold, 3.0m of 18.67 g/t gold and 1.0m of 23.2 g/t gold (Figure 1).

    Importantly, these intercepts are associated with a deformation zone within a meta-sediment unit that was not expected to be encountered in this location. These intercepts likely significantly increase the resource expansion potential in the western region of the deposit. The balance of the Company's 2,600m summer drill program also included four holes at the Raven target where results are still pending.

    "These are the best drill results the project has seen in five years and they represent a very exciting achievement for the Committee Bay project. Importantly the high-grade hole opens up considerable expansion opportunities and confirms that Committee Bay represents a major gold exploration opportunity. We look forward to continuing exploration and pursuing the significant expansion opportunities identified by hole 21TB-152 at Three Bluffs." commented Tim Clark, CEO of Fury.

    More details on Fury's website including drill results
    American Legion Preamble: https://www.legion.org/preamble

  4. #4

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    "Vancouver, BC – December 6, 2021 – Dolly Varden Silver Corporation ("Dolly Varden") (TSXV: DV) (OTCQX: DOLLF) and Fury Gold Mines Ltd ("Fury") (TSX: FURY) (NYSE American: FURY) are pleased to announce that the companies have entered into a definitive agreement dated December 6, 2021 (the "Purchase Agreement") pursuant to which Dolly Varden will acquire from Fury, through the acquisition of Fury's wholly-owned subsidiary, a 100% interest in the Homestake Ridge gold-silver project ("Homestake Project"), located adjacent to the Dolly Varden Project ("DV Project" and together with the Homestake Project, the "Kitsault Valley Project") in the Golden Triangle, British Columbia (the "Transaction").

    The Homestake Project hosts a resource estimated to contain 165,993 ounces of gold and 1.8 million ounces of silver in the Indicated category and 816,719 ounces of gold and 17.8 million ounces of silver in the Inferred category (refer to further resource disclosure at the end of this release) within a 7,500 hectare land package located contiguous to and northwest of the DV Project. The close proximity of the deposits that make up the current mineral resource estimates, combined with common infrastructure in the region, is expected to generate substantial co-development synergies as these deposits are advanced in combination. The Transaction values the Homestake Project at CAD$50 million for which Dolly Varden will pay $5 million in cash and issue 76,504,590 Dolly Varden common shares to Fury, as further described below.

    Transaction Highlights

    Combined mineral resource base of 34.7 million ounces of silver and 166 thousand ounces of gold in the Indicated category and 29.3 million ounces of silver and 817 thousand ounces of gold in the Inferred category, solidifying the Kitsault Valley Project as among the largest high-grade, undeveloped precious metal assets in Western Canada.

    Consolidation of two adjacent projects, allowing for numerous potential co-development opportunities with capital and operating synergies.

    Exposure to a large and highly prospective land package, with potential to further expand resources through additional exploration along a combined 15 km strike-length within a 163 km2 consolidated land package.

    Transformative scale to enhance investor visibility and peer group positioning.

    Previous stand-alone Homestake Project preliminary economic assessment produced an after-tax net present value of USD$173 million and an internal rate of return of 32% at US$1,620 per ounce gold price and US$14.40 per ounce silver price. The study estimated a total of 590,040 ounces of gold equivalent production over a 13 years initial mine life at an all-in sustaining costs per ounce gold of US$670.

    Fury to have board representation in Dolly Varden and agrees to voluntary share sale restrictions.

    Shawn Khunkhun, CEO & Director of Dolly Varden, commented "We are excited to combine two adjacent precious metals projects located in one of the world's top mining jurisdictions. We expect that this combination will result in significant synergies in the areas of exploration, development, permitting and production. Upon completion of the Transaction, we look forward to continued engagement with Indigenous and community partners to ensure the responsible development of this compelling new project."

    Tim Clark, CEO & Director of Fury, further added "The commercial logic behind the combination of these two adjacent assets is very strong. We are delighted to cooperate with the Dolly Varden team and are very excited to be part of this regional consolidation in British Columbia. Combining our Homestake Project with the DV Project creates an attractive opportunity to immediately establish shareholder value through the potential synergies that result from their regional proximity. We look forward to having our shareholders benefit from the exciting growth and development of the Kitsault Valley Project, and to Fury becoming a partner and significant shareholder of Dolly Varden."

    Ivan Bebek, Chair and Director of Fury commented "The decision to vend Homestake is a difficult one given the exploration upside and our positive outlook for the commodity markets. However, we feel that bringing the two projects together is clearly the best path forward and are very excited to be partnering with the team at Dolly Varden. This transaction also simplifies Fury's portfolio which coincides with recent positive drill results from both of Fury's Quebec and Nunavut assets."

    Transaction Details

    Under to the Purchase Agreement, Dolly Varden has agreed to acquire Fury's wholly-owned subsidiary, Homestake Resource Corporation, which owns a 100% interest in the Homestake Project in exchange for a $5 million cash payment and the issuance of 76,504,590 common shares of Dolly Varden. Upon completion of the Transaction, Fury will own approximately 36.9% of Dolly Varden on an outstanding basis. The Transaction is subject to a number of closing conditions, including the receipt of TSX Venture Exchange ("TSXV") approval and the satisfaction of certain other closing conditions customary for a transaction of this nature. The Transaction is also subject to approval by a simple majority of the votes cast by Dolly Varden shareholders at a Dolly Varden shareholders meeting. Dolly Varden expects to hold a special meeting of shareholders in February 2022 to consider the Transaction. The Transaction is an arm's-length transaction under the rules of the TSXV.

    Dolly Varden and Fury will enter into an investor rights agreement (the "Investor Rights Agreement") on completion of the Transaction pursuant to which Fury shall have the right to appoint two nominees to the Dolly Varden board so long as Fury owns greater than 20% of the Dolly Varden shares outstanding. Should Fury own greater than 10% of the Dolly Varden shares outstanding, Fury shall have the right to appoint one nominee to the Dolly Varden board. Additionally, the shares issued to Fury shall be subject to a one-year hold period. The Investor Rights Agreement shall also contain certain customary re-sale restrictions, voting and standstill conditions, and participation rights as agreed between Dolly Varden and Fury.

    The Purchase Agreement also includes certain representations, warranties, covenants, indemnities and conditions that are customary for a transaction of this nature. A termination fee of $2 million may be payable by Dolly Varden to Fury if the Transaction is not approved by Dolly Varden shareholders due to a competing proposal being made or announced before the Dolly Varden shareholder meeting and Dolly Varden is subsequently acquired by the third party under such competing proposal.

    Further information regarding the Transaction will be contained in a management information circular to be prepared by Dolly Varden and mailed to shareholders of Dolly Varden in connection with the special meeting of shareholders to be held by Dolly Varden to consider the Transaction and related matters. All shareholders of Dolly Varden are urged to read the information circular once available, as it will contain important additional information concerning the Transaction.

    Dolly Varden Board Recommendations and Voting Support

    The Purchase Agreement has been unanimously approved by the board of directors of both Dolly Varden and Fury. The Dolly Varden board of directors recommend that Dolly Varden shareholders vote in favour of the Transaction.

    All of the directors and officers of Dolly Varden and certain shareholders of Dolly Varden, including Eric Sprott, holding in aggregate 18.2% of the issued and outstanding common shares of Dolly Varden, have entered into customary voting support agreements agreeing to vote in favour of the Transaction.

    Haywood Securities Inc. has provided a fairness opinion to the board of directors of Dolly Varden that, as of the date thereof, and based upon and subject to the assumptions, limitations and qualifications stated therein, the consideration to be paid by Dolly Varden to Fury under the Agreement is fair, from a financial point of view, to Dolly Varden.

    Conference Call and Webcast

    A joint webcast will be held by management of both Dolly Varden and Fury to discuss the Transaction on Monday, December 6th, 2021 at 10 a.m. Pacific time / 1 p.m. Eastern time. Shareholders, analysts, investors and media are invited to join the live webcast by registering using the following link: http://services.choruscall.ca/links/...r20211206.html

    A presentation to accompany the conference call and webcast can be accessed via either the Dolly Varden or Fury websites at www.dollyvardensilver.com or www.furygoldmines.com. A replay of the joint webcast will be available on both websites following the conclusion of the call.

    Advisors and Counsel

    Haywood Securities Inc. is acting as financial advisor to Dolly Varden. Stikeman Elliott LLP is acting as legal counsel to Dolly Varden.

    Minvisory Corp. is acting as financial advisor to Fury. McMillan LLP is acting as legal counsel to Fury.

    Qualified Persons

    The technical information contained in this news release relating to Dolly Varden has been approved by [Rob van Egmond, P. Geo, Chief Geologist for Dolly Varden], who is a "qualified person" within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

    The technical information contained in this news release relating to Fury has been approved by [Michael Henrichsen, P. Geo, SVP of Exploration at Fury], who is a "qualified person" within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

    About Dolly Varden Silver Corporation

    Dolly Varden Silver Corporation is a mineral exploration company focused on exploration in northwestern British Columbia. Dolly Varden has two projects, the namesake Dolly Varden silver property and the nearby Big Bulk copper-gold property. The Dolly Varden property is considered to be highly prospective for hosting high-grade precious metal deposits, since it comprises the same structural and stratigraphic setting that host numerous other high-grade deposits (Eskay Creek, Brucejack). The Big Bulk property is prospective for porphyry and skarn style copper and gold mineralization similar to other such deposits in the region (Red Mountain, KSM, Red Chris)."
    American Legion Preamble: https://www.legion.org/preamble

  5. #5

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    "Fury Provides Corporate and Exploration Update

    VANCOUVER, Canada – January 17, 2022 – Fury Gold Mines Limited (TSX: FURY) (NYSE American: FURY) (“Fury” or the “Company”) is pleased to provide an update on corporate and project achievements relating to exploration and corporate activities in 2021.

    “We are extremely pleased with the success we had this past fall in terms of simplifying our story, strengthening our treasury and executing on advancing our two high-grade core projects. We ended the quarter having completed not only a CAD$5.6m private placement in October, but also having negotiated an important asset sale of our Homestake Ridge project for CAD$50m to Dolly Varden Silver, which is expected to close in February,” stated Tim Clark, CEO of Fury. “At the same time, we demonstrated significant expansion opportunities at Eau Claire in Quebec and Committee Bay in Nunavut highlighted by some of best drill results we have seen to date. We look forward to the coming months as we prepare for a busy 2022 with exploration results pending and several premier exploration opportunities where we believe we will expand on our recent successes and test new discoveries.”

    Exploration Update

    In 2021, the Company successfully executed two exploration programs at Eau Claire in Quebec and Committee Bay in Nunavat, drilling a total of 38,000 metres (m) during the year.
    Eau Claire drilling results at the Western Extension were very encouraging where 9.36 grams per tonne (g/t Au) (gold) over 3.0m was intercepted at the Hinge (see news release dated November 29, 2021), Snake Lake and eastern resource expansion and extension where the company intercepted 23.26 g/t Au over 7.09m, the fifth best drill result from over 900 holes at the Eau Claire deposit (see news release dated May 25, 2021).
    The Company is awaiting results from eight holes at Snake Lake as well as surface geochemical results from the Percival prospect and the Eleonore South Joint Venture project with Newmont Corporation and Azimut Exploration Inc. The interpretation of these results will guide further targeting for the Company’s 2022 exploration program in Quebec where the Company will drill holes, which offset historical intercepts of 6.26 g/t Au over 9.0m and 7.13 g/t Au over 8.5m at Percival.
    Fury conducted a successful targeted exploration program at Committee Bay where three discrete zones of high-grade gold mineralization over a 30m drill width were intercepted, including 10.0m of 13.93 g/t Au, 3.0m of 18.67 g/t Au and 1.0m of 23.2 g/t Au at the Three Bluffs deposit (see news release dated December 1, 2021). The upper two mineralized zones which were intercepted are within a deformed meta-sedimentary unit which is not the typical host for high-grade mineralization at Three Bluffs significantly increasing the potential to expand the resource.
    Results are pending for the four holes at the Raven target completed as part of the Committee Bay exploration program. Drilling at the Raven prospect targeted mineralization along an 8-kilometre long shear zone where historical intercepts included 31.1 g/t Au over 2.8m and 9.49 g/t Au over 7.6m.

    "The recent exploration success at both Eau Claire and Committee Bay are extremely encouraging. At Eau Claire, we have a clear path forward for 2022 to expand the resource along the Hinge zone where multiple stacked zones of mineralization were encountered in the last holes drilled from the 2021 campaign. To the east of the defined resource high-grade mineralization remains open at shallow depths where we have plans to continue to explore. In addition to the Eau Claire deposit trend we are excited to advance thirteen regional targets, including Percival, through the pipeline to the drill stage,” commented Michael Henrichsen, SVP, Exploration of Fury. "The high-grade results from the 2021 drilling at the Three Bluffs Deposit in Nunavut highlight the potential of shear zones to host significant gold mineralization in addition to the predominant iron formation hosted style of gold mineralization, which significantly increases the target inventory across the entire Committee Bay Greenstone Belt.”

    Dolly Varden Transaction

    On December 6, 2021, Fury entered into an agreement to sell a 100% interest in the Company’s Homestake Ridge gold-silver project to Dolly Varden Silver Corp. (“Dolly Varden”) in exchange for agreed consideration of CAD$50 million consisting of CAD$5 million in cash and the issuance of 76,504,590 common shares of Dolly Varden to Fury. Subject to an affirmative Dolly Varden shareholders’ vote scheduled for late February 2022 and other customary completion conditions for the transaction, expected by end of February 2022, Fury will own approximately 36.9% of Dolly Varden’s issued shares and will have board representation, pre-emptive and other rights described in our December 15, 2021 material change report filed on sedar.com.
    The transaction simplifies Fury’s portfolio, focusing the Company’s exploration strategy and allowing Fury to support the monetization of Homestake Ridge through a joint effort including Board representation and share ownership in Dolly Varden.

    Financial Position

    Fury’s financial position was strengthened in the second half of 2021, with the completion of a CAD$5.6 million non-brokered private placement (see news release dated October 13, 2021) and the receipt of approximately CAD$1.9 million in tax refunds from the Government of Quebec in December.
    The Company’s cash position as of December 31, 2021 was approximately CAD$3.1 million; which with the closing of Dolly Varden will put Fury in a strong financial position for 2022.

    David Rivard, P.Geo, Exploration Manager 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 in respect to Fury’s Quebec projects.

    Michael Henrichsen, P.Geo., SVP Exploration 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 in respect to Committee Bay.

    About Fury Gold Mines Limited

    Fury Gold Mines Limited is a Canadian-focused exploration company positioned in two prolific mining regions across the country. Led by a management team and board of directors with proven success in financing and advancing exploration assets, Fury intends to grow its multi-million-ounce gold platform 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
    Vice President, Investor Relations
    Tel: (437) 500-2529
    Email: info@furygoldmines.com
    Website: www.furygoldmines.com ?
    American Legion Preamble: https://www.legion.org/preamble

  6. #6

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    "VANCOUVER, BC / ACCESSWIRE / January 26, 2022 / Fury Gold Mines Limited (TSX:FURY), (NYSE American:FURY) ("Fury" or the "Company") is pleased to provide an update on targeting at the high-grade Percival prospect at the Eau Claire project located in the Eeyou Istchee Territory in the James Bay region of Quebec as the Company mobilizes crews to resume exploration activities.

    Fifteen robust gold anomalies have been identified along a previously unidentified structural orientation through the recently completed biogeochemical sampling program, which covered six and a half kilometres of prospective folded stratigraphy (Figure 1). These 15 targets will be the focus of further exploration as the Company prepares to complete a ground based induced polarization geophysical survey to image the sulphide-rich silica breccia gold-bearing bodies at Percival.

    "Percival has been a priority target for Fury since the acquisition of Eastmain, as it represents considerable exploration opportunities," said Tim Clark, CEO of Fury. "The recent surface work has further confirmed our belief that there could be extensions to the existing great drill results and multiple new potential discoveries, as seen with the 15 newly identified targets. We look forward to completing our geophysical survey in February, which will be the final step in refining these 15 targets before we prepare to drill later this year."

    Percival Prospect
    The Percival prospect, located 14km east of the Eau Claire deposit, is currently represented by a 400 metre (m) by 100m mineralized footprint hosted within folded sulphidized and silicified breccias in an interbedded volcanic and sedimentary sequence (Figure 2 and Figure 3). Historical geochemical surveys did not image the shallow gold mineralization represented by historical drill intercepts of 93.1m of 2.22 g/t gold, 9.0m of 6.26 g/t gold, 8.5m of 7.13 g/t gold and 2.0m of 8.47 g/t gold. An orientation survey, conducted in 2020 was able to successfully detect the gold mineralization at Percival through biogeochemistry sampling (see news release dated February 10, 2021). A recently completed survey covering 6.5km of prospective stratigraphy along the Percival trend identified 15 discrete gold anomalies with associated pathfinder elements (+/- As, Pb, Zn) (Figure 1). Two of these anomalies were previously known prospects, Percival and Carodoc, the remaining 13 anomalies are new occurrences of gold and associated pathfinder mineralization.

    One of the newly identified gold occurrences is located approximately 500 m east of the Percival showing and is associated with a parallel steeply dipping fold hinge where a single 2019 drill hole ended in 12m of sulphidized and silicified breccia typical of the alteration and mineralization envelope associated with the gold mineralization at Percival (Figure 2). The silicified and sulphidized gold-bearing breccia found at Percival is surrounded by a visually similar looking barren silicified and sulphidized envelope. The 2019 exploration drill hole, ending in the silicified and mineralized breccia, needs to be extended to verify if, like at Percival, the gold-bearing "core" is present.

    Previous surface exploration in the Percival and Caradoc area was focused on a highly magnetic folded iron formation identified from an airborne magnetics survey. An updated interpretation and geologic model of the 2018-2019 drilling data from the Percival prospect shows that gold mineralization is peripheral to the magnetic iron formation and not hosted in it.

    Through the interpretation of the magnetics data and results from the biogeochemical survey Fury's technical team identified a previously unrecognized structural control to the gold mineralization along the Percival trend. This structural trend is parallel to the regional fold hinge that links the Percival and Serendipity prospects (Figure 1). Gold mineralization appears to be concentrated along these newly identified structures where they intersect folded mafic volcanic stratigraphy along the east west limb of the regional fold proximal to the Cannard deformation zone.

    "We are excited to have made several significant advances in our ability to target the style of mineralization present at Percival, which has resulted in 15 discrete targets for further follow up. The geophysical surveys we are currently completing will provide key information that will fingerprint the known Percival mineralization throughout the 15 targets prior to drilling," stated Michael Henrichsen, SVP Exploration of Fury. "



    More details at: https://furygoldmines.com/
    American Legion Preamble: https://www.legion.org/preamble

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