Fury Extends Percival Mineralization 115 Metres to the West
Disseminated on behalf of Fury Gold Mines Limited
VANCOUVER, BC / March 13, 2024 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) (“Fury” or the “Company”) is pleased to announce results for the five remaining 2023 core drill holes from the Percival Prospect, located 14 kilometers (km) east of the high-grade Eau Claire gold deposit in the Eeyou Istchee Territory in the James Bay region of Quebec. Drill hole 23KP-016 targeted a 115 metre (m) step out from drilling on the western flank of the known Percival Main mineralization and intercepted 15.0 m of 0.88 g/t Au including 3.0 m of 2.81 g/t Au (Table 1 and Figure 1). A second drill hole, 23KP-014, tested the westerly continuation of the Percival Main mineralization with a 75.0 m step out from previous drilling and intercepted 18.0 m of 0.50 g/t Au (Table 1 and Figure 1). Drill hole 23KP-013 tested the steep easterly plunge of the high-grade intercept from 22KP-008 (13.5 m of 8.05 g/t Au – see news release dated December 21, 2022) and intercepted 14.50 m of 1.05 g/t Au including 1.0 m of 10.70 g/t Au (Table 1 and Figure 1). Importantly, drill hole 23KP-016 is the westernmost hole completed to date at Percival Main which remains open in all directions.
Two drill holes, 23KP-018 and 23KP-017, targeted geophysical and geochemical anomalies 250 m and 500 m respectively to the east of Percival Main. Though broad zones of sulphide rich silica breccias were intercepted in both drill holes, only narrow low-grade results were returned (Table 1 and Figure 1). No further work is planned for these target areas.
In 2024 Fury plans to explore further to the east along the Percival Trend up to Serendipity where infill biogeochemical sampling has refined 10 robust targets to drill ready stage. Individual anomalies are up to 150x background values in gold and correlate well with known structures, including the Cannard and Hashimoto Deformation Zones as well as sub parallel shears and folds associated with these regional controls on gold mineralization (Figure 2).
“As we conclude our drilling results for last year’s program, we feel that Fury has done an excellent job expanding the Eau Claire Resource and improving the potential pipeline for new discovery on the property. Combined with the recent acquisition of a 100% ownership stake of the Éléonore South project, the company now has more breadth of exciting targets to pursue this coming year,” commented Tim Clark, CEO of Fury. “Looking forward, the upcoming milestones for Fury will be to release a 2024 exploration plan and a mineral resource update of the Eau Claire Resource by mid-April.”
Table 1: Current Percival Drill Intercepts
Main intervals – Au grade*thickness no less than 0.25g/t*m with grade is no less than 0.25g/t, maximum consecutive dilution 6m;
Sub-intervals – Au grade*thickness no less than 2g/t*m with grade is no less than 1g/t, maximum consecutive dilution 2m
This article is issued on behalf of Fury Gold Mines Limited (“Fury”). The article is a paid communication of Fury which is solely responsible for all factual matters about Fury contained in this article. David Rivard, P. Geo., Fury’s Exploration Manager is the qualified person who has reviewed the technical contents of this article in relation to all Quebec projects. Bryan Atkinson P.Geol., Fury’s SVP of Exploration is the qualified person who has reviewed the technical contents of this article in relation to Committee Bay. Market Jar Media Inc. has or expects to receive from Fury’s digital marketing agency (Native Ads Inc.) sixty-eight thousand and four hundred Canadian dollars in connection with the dissemination of this article. The owners and management of Native Ads and/or Market Jar do not currently own securities of Fury butmay acquire or dispose of securities in Fury from time to time without notice or restriction. Market Jar has not compensated the author of the article nor is Market Jar responsible for its contents. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This article is not investment advice and persons interested in learning about Fury and the risks and challenges of its business should review Fury’s continuous disclosure record found at www.sedar.com.
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