- Fury Gold Mines (TSX/NYSEAM:FURY) released new assays from its Eau Claire project in the James Bay region of Quebec, with results showing the 1.8-million-ounce resource to be far from fully tapped.
- Highlights include 7.86 grams per ton gold over 9.43 metres.
- Fury Gold stock has added 24.19 per cent year-over-year, while giving back 54.71 per cent since 2021.
Fury Gold Mines (TSX/NYSEAM:FURY) released new assays from its Eau Claire project in the James Bay region of Quebec, with results showing the 1.8-million-ounce resource to be far from fully tapped.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
The final batch of assays from the company’s 13,000-metre phase 1 program, – which focused on resource expansion along high-grade shoots and improving continuity outside stopes identified in the preliminary economic assessment (PEA) – yielded highlights of 7.86 grams per ton (g/t) gold over 9.43 m in drillhole 26EC 103, confirming continuity 45 m down plunge of a historic intercept within Eau Claire’s inferred resource. Additionally, drillhole 26EC 102 also returned 13.83 g/t gold over 1.97 m from the inferred portion of the project.
Fury also released initial assays from its ongoing 15,000-25,000-m phase 2 drilling program, which is designed to convert inferred resources, refine the geological model and expand the indicated resource, with 7,100 m drilled to date yielding a highlight of 3.79 g/t gold over 7.25 m (26EC 107), only 50 m up plunge from the previously reported drillholes 26EC 099 (11.74 g/t gold over 6.63 m) and 25EC 096 (2.52 g/t gold over 3 m). The fully funded program will continue through summer 2026.
Leadership commentary
“Drilling at Eau Claire continues to reinforce resource continuity, confirming mineralization remains well-developed and predictable within the deposit,” Tim Clark, Chief Executive Officer of Fury Gold Mines, said in Tuesday’s news release. “We look forward to further de-risking the project with additional drilling being carried out to convert resources into higher-confidence categories and expand the Eau Claire mineralization, which should unlock additional value for shareholders.”
About Fury Gold Mines
Fury Gold Mines is a Canadian-focused mining company advancing a multi-million-ounce gold platform backed by a leadership team well-versed in financing and advancing exploration assets.
Fury Gold stock (TSX:FURY) last traded at C$0.77, adding 24.19 per cent year-over-year, while giving back 54.71 per cent since 2021.
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