Announcement Date: 2021-11-29
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Fury Gold Mines Ltd.
Project name: Lac Clarkie
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 3m @ 9.36g/t Au from 314m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, Canada – 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.
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