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Thread: Fury Gold Mines

  1. #11

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    "VANCOUVER, Canada – November 28, 2023 – Fury Gold Mines Limited (TSX and NYSE American: FURY) (“Fury” or the “Company”) is pleased to provide additional results from the 2023 infill drilling program at the Hinge Target at the high-grade Eau Claire gold project located in the Eeyou Istchee Territory in the James Bay region of Quebec. The Hinge Target infill program has increased confidence in the geological model and potential for expansion of the Eau Claire resource to the west. Drilling continues to intercept multiple zones of gold mineralization including 5.5 metres (m) of 4.52g/t gold and 3.0m of 3.34g/t gold from 23EC-069; 1.0m of 20.20g/t gold and 3.5m of 3.51g/t gold from 23EC-070; 1.0m of 19.55g/t gold from 23EC-066; and 3.5m of 3.82g/t gold from 23EC-067 (Table 1; Figure 1). Results from an additional eleven drill holes are still being processed for the Hinge Target.

    “We are pleased to announce that we have completed approximately 19,000m within 31 holes drilled between the Hinge Target at the Eau Claire deposit and the Percival Prospect, 14km to the east. We not only exceeded our planned 15,000m of drilling for this year’s program, but we also came in under budget,” commented Tim Clark, CEO of Fury, “Going forward, we have 16 more drill holes pending results and we reiterate that Fury remains one of the best positioned junior explorers in the sector.”'

    For further information on Fury Gold Mines Limited, please contact:
    Margaux Villalpando, Manager Investor Relations
    Tel: (844) 601-0841
    Email: info@furygoldmines.com
    Website: www.furygoldmines.com
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  2. #12

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    "Western Hinge Target

    The Hinge Target sits immediately to the west, adjacent to the high-grade Eau Claire gold deposit. Drilling to date has identified nineteen discrete sub-vertical quartz tourmaline veins concentrated in two 100m wide corridors. The Hinge Target extends to the west of the deposit by over 400m with vertical continuity of veining of approximately 300m and remains open both to the west and up and down dip (Figure 2). The 2023 exploration program at the Hinge Target focused on tightening the nominal drill spacing to 60-80m to demonstrate the continuity of the mineralized vein corridors for eventual inclusion in an updated mineral resource estimation at Eau Claire.

    “The Hinge Target has proven to be relatively predictable. The drill intercepts are within 1-2m of where our models predicted they would be and this provides a lot of confidence as we move forward into the resource modeling and estimation workflow. Our Quebec-based technical team and contractors delivered well above expectations this season and we are looking forward to the results from the remaining eleven drill holes at the Hinge and five at and along trend of the Percival Prospect,” stated Bryan Atkinson, SVP, "

    "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 assay with inductively coupled plasma – atomic emission spectrometry finish (Au-ICP22) and multi-element four acid digest ICP-AES/ICP-MS method (ME-MS61). Where Au-ICP22 results were greater than 0.5 ppm Au the assay was repeated with a 50 g nominal weight fire assay with atomic absorption finish (Au-AA24). Samples containing more 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, field and lab duplicates and blanks indicate good overall accuracy and precision.

    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.

    About Fury Gold Mines Limited
    Fury Gold Mines Limited is a well-financed Canadian-focused exploration company positioned in two prolific mining regions across Canada and holds a 59.5 million common share position in Dolly Varden Silver Corp (22% of issued shares). 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:
    Margaux Villalpando, Manager Investor Relations
    Tel: (844) 601-0841
    Email: info@furygoldmines.com
    Website: www.furygoldmines.com

    Forward-Looking Statements and Additional Cautionary Language

    This 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. Forward-looking statements contained in this release primarily relate to statements that suggest that future work at the Hinge or Eau Claire areas will increase or upgrade the estimated gold resources.

    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, 2022 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."
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  3. #13

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    "Vancouver, Canada – January 10, 2024 – Fury Gold Mines Limited (TSX: FURY, NYSE American: FURY) (“Fury” or the “Company”) is pleased to recap the Company’s corporate and exploration achievements from the last 12 months. Fury had an active 2023 with substantial drill results from the Hinge Target and the Percival Prospect, continuing to expand the mineralized footprint of the Eau Claire deposit, and intercepting 279 g/t gold over 1.5 metres (m) at the Percival Prospect; the addition of Brian Christie and Isabelle Cadieux to the Board of Directors, and C$8.75 million raised through an equity private placement to further strengthen the Company’s treasury.

    “This past year was focused on adding significant ounces at the Eau Claire Resource, improving our pipeline of targets for discovery, and adding new talent and experience to the board,” commented Tim Clark, CEO of Fury. “Thus far, we have had impressive drill intercepts, including one of our top three historical intercepts at Percival Main, with additional results still pending from the Hinge and Percival Prospect.”

    Highlights

    Fury’s top milestones and achievements of 2023 include:

    Appointing two new Board Directors, Brian Christie, formerly of Agnico Eagle Mines, and Isabelle Cadieux, formerly of Québec based SIDEX, further strengthening the overall diversified skillset of Fury’s Board.
    Closing of a C$8.75 million bought deal equity private placement, strengthening Fury’s treasury and funding further exploration at the Company’s Québec projects.
    Completing an 18,800m drill program at Eau Claire, which exceeded the original 15,000m of planned drilling for the year and coming in at approximately C$1 million under budget.
    Continuing to intercept multiple zones of gold mineralization at the Hinge Target through infill drilling.
    Intercepting 1.5 m of 279 g/t gold at the Percival Main target, representing the third highest-grade intercept reported for the entire Eau Claire project to date.
    Conducting a second annual Digbee ESG Certification, an independent ESG evaluation that continues to validate the Company’s existing ESG engagement and strategy.
    Finishing the 2023 year with C$7.3 million in cash, no debt, approximately C$600,000 (subject to year-end accounting in process) of flow-through obligation required to be spent by December 31, 2024, and C$52.8 million in publicly traded securities.

    Pending Upcoming News

    Eleven core drill holes pending assay results from the Hinge Target and five core drill holes at the Percival Prospect.
    2024 exploration program announcement.
    Pending biogeochemical results from the Éléonore South Joint Venture (“ESJV”).
    Eau Claire Mineral Resource update upon compiling and analyzing the final results from the 2023 exploration program.

    The Company is also pleased to announce the appointment of Phil van Staden, the current Interim CFO of the Company, to the position of Chief Financial Officer effective as of January 1, 2024. Mr. van Staden joined Fury in 2020 and brings over 15 years of diverse international experience in various accounting roles and industries throughout South Africa and Canada. He holds B. Commerce and B. Commerce Honours degrees respectively from the University of Pretoria and the University of South Africa.

    “Phil has been an important member of the Fury team over the last few years, and we are extremely pleased to have him as CFO of the Company. I look forward to continuing to work closely with Phil as Fury continues to explore our portfolio of mineral assets this year,” stated Tim Clark, CEO of Fury.

    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.

    About Fury Gold Mines Limited

    Fury Gold Mines Limited is a well-financed Canadian-focused exploration company positioned in two prolific mining regions across Canada and holds a 59.5 million common share position in Dolly Varden Silver Corp (22% of issued shares). 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:
    Margaux Villalpando, Manager Investor Relations
    Tel: (844) 601-0841
    Email: info@furygoldmines.com
    Website: www.furygoldmines.com "
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  4. #14

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    "VANCOUVER, Canada – January 17, 2024 – Fury Gold Mines Limited (TSX and NYSE American: FURY) (“Fury” or the “Company”) is pleased to provide the fourth set of results from the 2023 drilling program at the Hinge Target, part of the high-grade Eau Claire gold project located in the Eeyou Istchee Territory in the James Bay region of Quebec. The Hinge Target continues to produce multiple stacked zones of gold-mineralized quartz tourmaline veins. Highlights from the seven drill holes include 31.77g/t gold over 3.50 metres(m) from 23EC-077; 65.30g/t gold over 0.50m and 14.25 g/t gold over 1.00m from 23EC-074; 2.56g/t gold over 7.50m from 23EC-068; and 3.41g/t gold over 6.50m and 5.00g/t gold over 3.50m from 23EC-075 (Table 1; Figure 1). The 2023 Hinge Target drilling has increased confidence in the geological model and potential for expansion of the Eau Claire resource to the west. Results from an additional five drill holes are still pending for the Hinge Target.

    “Recent results out of the Hinge Target continue to remain impactful to the overall resource at Eau Claire,” commented Tim Clark, CEO of Fury. “Going forward, we’re excited for results from the remaining five holes at the Hinge Target and five holes at the Percival Prospect. Once the final results have been received and processed, we will be able to include them in the Eau Claire mineral resource update which is expected to be released at the end of Q1 or early Q2.”'
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

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