202620 releases
Fury Intersects 14.95 g/t Gold over 4.25 Metres at Eau Claire, Extending High-Grade Mineralization 60 Metres Up-Dip
Fury Gold Mines reports additional Phase 2 drill results from its Eau Claire Gold Project in Quebec's James Bay region, led by hole 26EC-131 with 14.95 g/t gold over 4.25 metres true width, about 60 metres up-dip from historical hole ER15-572. Three other holes returned 13.15 g/t gold over 1.50 metres, 6.81 g/t over 1.39 metres and 7.03 g/t over 1.50 metres. Results will be included in the next mineral resource update.
Drill resultsFury Reports Infill Drill Results; Returns High Grade at Eau Claire Including 14.41 g/t over 3.92 Metres
Infill drilling at the Eau Claire gold project in the Eeyou Istchee James Bay region of Quebec returned 14.41 g/t gold over 3.92 m and 7.74 g/t over 1.96 m in hole 26EC-125, 4.49 g/t over 2.94 m in 26EC-118, 2.07 g/t over 4.94 m in 26EC-129, 2.88 g/t over 8.00 m in 26EC-115, and 5.07 g/t over 6.00 m in 26EC-120. The Phase 2 program has drilled 35 holes totalling 15,047 m, with assays available for 22 holes (11,423 m), targeting conversion of inferred resources ahead of pre-feasibility in 2027.
Drill resultsFury Reports Intercept of 7.0 g/t Gold over 21.0 Metres at Eau Claire and Mobilizes Third Drill Rig
Drill hole 26EC-115 at the Eau Claire gold project in the Eeyou Istchee James Bay region of Quebec returned 7.01 g/t gold over 21.0 m, including 10.27 g/t gold over 11.0 m, part of a second batch of Phase 2 assay results covering 8 holes and 5,064 metres. Other intercepts included 5.68 g/t over 2.97 m in 26EC-110 and 20.60 g/t over 0.85 m in 26EC-111. Fury has mobilized a third drill rig, with 23 holes totalling about 11,650 m completed.
Drill resultsFury Commences 2026 Drilling Program at Committee Bay in Nunavut
A 2026 drill program of approximately 5,000 metres of diamond drilling has begun at the Committee Bay project in the eastern Kitikmeot region of Nunavut, targeting the Three Bluffs deposit and the Antler prospect. About 13 holes will be drilled along roughly one kilometre of strike at Three Bluffs to infill and expand resources, with three holes planned at Antler. Results will be incorporated into a future updated mineral resource estimate. Fury is fully financed for the Committee Bay and Eau Claire programs.
Drill resultsFury Reports 7.86 g/t Gold Over 9.43 Metres in Infill Drilling at the Eau Claire Gold Project, Quebec
Infill and expansion drilling at the Eau Claire gold project in the Eeyou Istchee Territory, James Bay region of Quebec returned 7.86 g/t gold over 9.43 m in expansion hole 26EC-103, 13.83 g/t over 1.97 m in hole 26EC-102, and 3.79 g/t over 7.25 m plus 34.20 g/t over 0.96 m in conversion hole 26EC-107. Phase 1 totalled 21 holes over 12,700 m; the Phase 2 program of 15,000–25,000 m has completed 14 holes for about 7,100 m and continues through summer 2026.
Drill resultsFury Intercepts 12.50 g/t Gold over 7.02 Metres Outside theEau Claire Block Model
Infill drill hole 26EC-101 at the Eau Claire gold project in the Eeyou Istchee James Bay region of northern Quebec returned 12.50 g/t gold over 7.02 metres, about 45 metres down-plunge from hole 26EC-099, which sits outside the current block model; hole 26EC-097 returned 3.92 g/t gold over 6.92 metres. Phase 1 drilling totalled 21 holes (approximately 12,700 m), with results received for 11,440 m and six holes returning significant results. Eight Phase 2 holes (3,390 m) are complete, with an additional 15,000 to 25,000 m planned through spring and summer 2026.
Drill resultsFury nomme un vice-président, développement de projet
Exploring for High-Grade Gold in Canada Fury Gold Mines is a Canadian-focused high-grade gold exploration company strategically positioned in two prolific mining regions: the James Bay Region of Quebec and the Kitikmeot Region in Nunavut.…
ManagementFury Appoints Vice President, Project Development
Mario Courchesne has been appointed Vice President, Project Development at Fury Gold Mines, effective immediately, in a newly created role leading advancement of the Eau Claire project from exploration through PFS/feasibility to construction and operations. Courchesne has over 40 years of engineering and operations experience and has been a Professional Engineer in Quebec since 1984. Bryan Atkinson, Senior Vice President, Exploration, resigns effective April 30, 2026, and will serve in an advisory capacity thereafter.
ManagementFury Appoints Phillips Baker as an Independent Director
Phillips S. Baker Jr. has been appointed to Fury Gold Mines' board as an independent director, effective immediately. Baker has nearly four decades of mining experience, most recently as Chief Executive Officer and director of Hecla Mining Company from 2003 until his retirement in 2024, and chaired the U.S. National Mining Association from 2017 to 2020. Fury holds 11.3 million common shares of Dolly Varden Silver Corp, or 12.9% of issued shares.
ManagementFury Reviews 2025 Achievements and Outlines 2026 Exploration Priorities
A 2025 review and 2026 plans were released. In 2025 Fury drilled over 18,000m across its portfolio, acquired 100% of Quebec Precious Metals, published an Eau Claire PEA showing an after-tax NPV5% of C$554 million and 41% IRR at $2,400/oz gold, an initial Sakami inferred resource of 23.9 million tonnes at 1.07 g/t gold for 825,000 ounces, and closed an C$18.0 million flow-through financing plus a C$4.3 million Agnico Eagle placement. Winter drilling at Eau Claire has reached about 6,600m, with 12,000–13,000m expected by end of February; an up to 5,000m program is planned at Committee Bay, Nunavut.
Corporate
202527 releases
Fury Announces Initial Mineral Resource Estimate for the Sakami Gold Project in Quebec
An initial inferred mineral resource estimate for the La Pointe Extension target at the wholly owned Sakami gold project in the Eeyou Istchee James Bay region of Northern Quebec totals 23.9 million tonnes grading 1.07 g/t gold for 825,000 ounces, all projected in-pit within 400 m of surface, with an effective date of November 11, 2025 and incorporating 17,719 m of drilling. An initial exploration target of 8.1–14.7 Mt at 1.57–1.11 g/t Au was also outlined. A NI 43-101 technical report will be filed within 45 days.
Resource updateFury Confirms Continuity and Extends Near Surface Gold Mineralization by 185 Metres at the Sakami Gold Project in Quebec
Final assay results from the 2025 inaugural drill program at the Sakami gold project in the Eeyou Istchee James Bay region of Quebec included 26.0 m of 0.71 g/t gold, including 6.5 m of 1.76 g/t, in hole 25SK-005, located 185 m southwest of hole 25SK-003, and 22.2 m of 0.83 g/t gold in hole 25SK-007. The program totalled 3,685 m in seven holes, six at La Pointe Extension and one at Juliette, which returned no significant gold. Regional soil sampling of 237 samples identified six gold anomalies.
Drill resultsFury Drilling at Committee Bay Extends Three Bluffs Mineralization and Expands Raven Target
Six diamond drill holes totaling approximately 2,778 metres were completed in the 2025 program at the Committee Bay project in Nunavut. Four holes (2,041m) at the Three Bluffs Shear Zone intercepted gold over 315m of strike, including 1.18 g/t gold over 19.5m with 5.73 g/t gold over 3.0m in hole 25TB155, which ended in mineralization. Two holes (737m) at the Raven Shear Zone returned 4.59 g/t gold over 1.5m in 25RV015, a 330m step-out, and 1.01 g/t over 14.5m in 25RV016.
Drill resultsFury Commences 10,000-Metre Drill Program at Eau Claire and Provides an Update on the Kipawa Rare Earths Project
A 10,000-metre fall/winter drill program has begun at the wholly owned Eau Claire Gold Project in the Eeyou Istchee Territory, James Bay, Quebec, with two rigs active and work based on recommendations from the recent Eau Claire PEA, targeting resource growth along high-grade shoots and connecting resources outside the PEA mineable portion. At the Kipawa rare earths project in Quebec, acquired with Quebec Precious Metals, a new community council including local and First Nation leadership and one Fury representative has been established.
Drill resultsFury Files Technical Report for the Eau Claire Gold Project in Quebec
A NI 43-101 technical report titled Technical Report – Preliminary Economic Assessment of the Eau Claire Project, Eeyou Istchee James Bay Region of Quebec, Canada, with an effective date of August 25, 2025, has been filed for the Eau Claire Gold Project. The report supports disclosure in Fury Gold Mines' September 2, 2025 news release on the PEA results. Maxime Dupéré, P. Geo. and Sarah Dean, P. Geo. of SGS Geological Services were added as co-authors. The report is available on the company website and SEDAR+.
Study resultsFury Announces Closing of C$18 Million Brokered Financing
A brokered private placement closed for total gross proceeds of C$18,000,150, comprising 9,915,000 charity flow-through units at C$1.21 each and 6,003,000 flow-through shares at C$1.00 each. Each charity unit includes one flow-through share and half a warrant exercisable at $1.20 for 24 months. Proceeds will fund Canadian exploration expenses on the Eau Claire and Committee Bay projects in Québec and Nunavut by December 31, 2026, with renunciation effective no later than December 31, 2025. Agents received 6.0% cash compensation.
FinancingFury Announces Up to C$12 Million Brokered Financing
A brokered financing for aggregate gross proceeds of up to C$12,000,000 has been agreed with Haywood Securities Inc. and a syndicate of agents, comprising charity flow-through units at C$1.21 and traditional flow-through shares at C$1.00. Each charity unit includes one half warrant exercisable at C$1.20 for 24 months; the agents hold a 15% over-allotment option and receive a cash commission of up to 6%. Proceeds will fund exploration at the Eau Claire and Committee Bay projects, with closing expected about October 10, 2025.
FinancingFury Announces Upsized C$18 Million Brokered Financing
The previously announced brokered private placement has been upsized to gross proceeds of up to C$18,000,150, comprising up to 9,915,000 charity flow-through units at C$1.21 and up to 6,003,000 traditional flow-through shares at C$1.00, with the over-allotment option removed. Each charity unit includes half a warrant exercisable at C$1.20 for 24 months. Proceeds will fund Canadian exploration expenses at the Eau Claire and Committee Bay projects by December 31, 2026, with closing expected around October 10, 2025 and a 6% agents' commission.
FinancingFury Intercepts 59 Metres of 1.59 g/t Gold and 1.5 Metres of 546 g/t Silver at the Sakami Gold Project in Quebec
Drill hole 25SK-003 at the Sakami gold project in the Eeyou Istchee James Bay region of northern Quebec returned 59 m of 1.59 g/t gold, including 27.7 m of 2.02 g/t gold and 3.0 m of 9.32 g/t gold, plus 9.1 m of 0.92 g/t gold. Hole 25SK-002 returned 49.5 m of 0.6 g/t gold, 22.7 m of 1.47 g/t gold, and 1.5 m of 546 g/t silver from 269.0 m downhole. The 2025 program totalled 3,685 m in seven holes, with results pending for four holes.
Drill resultsFury Announces Results of Preliminary Economic Assessment for the Eau Claire Gold Deposit with a Base Case After-Tax NPV(5%) of $554M and After-Tax IRR of 41%
A preliminary economic assessment for the Eau Claire gold deposit in the Eeyou Istchee James Bay region of Quebec returned, at US$2,400/oz gold, an after-tax NPV(5%) of $554M and 41% IRR for the Base Case standalone scenario, $610M and 53% for the Hybrid Case, and $639M and 84% for the Toll Milling Case, with paybacks of 2.5, 1.5 and 1.1 years. The plan contemplates underground mining plus two small open pits producing 834koz gold at 4.46 g/t diluted over an 11-year life, averaging about 76koz annually, with AISC of US$1,140–1,170/oz and initial capital of $117M–$217M plus $66M sustaining. The PEA includes 24% Inferred resources and will be filed on SEDAR+ within 45 days.
Study resultsFury Intercepts 41.5 Metres of 1.23 g/t Gold at Sakami Gold Project in Quebec
Drill hole 25SK-001, the first of six holes at the Sakami gold project in the Eeyou Istchee James Bay region of northern Quebec, intersected five gold zones over a 140 m drilled length, including 41.5 m of 1.23 g/t gold (with 7 m of 3.15 g/t), 11.8 m of 1.28 g/t, 4.7 m of 2.72 g/t, 1.5 m of 5.17 g/t and 0.5 m of 10.2 g/t, within 200–300 m of surface. Fury has completed 3,160 m in six holes, part of a planned 5,000 m 2025 program, with results pending.
Drill resultsFury Reports Encouraging Metallurgical Test Results from the Ninaaskumuwin Lithium Discovery at Elmer East
Preliminary metallurgical testing at the Ninaaskumuwin lithium discovery on the Elmer East project in the Eeyou Istchee James Bay Territory, Northern Quebec, returned 62.2% lithium recovery and a concentrate grade of 5.59% Li2O from a single composite sample using Heavy Liquid Separation. Samples contained up to 42% spodumene, the sole lithium-bearing mineral identified, with grades across 85 samples ranging from 0.02% to 3.71% Li2O; the ball mill work index was calculated at 11.35 kWh/t. Funding assistance came from Quebec's MRNF.
Study resultsFury Commences 2025 Drill Program at Committee Bay
Drilling has commenced on the 2025 exploration program at the Committee Bay project in the eastern Kitikmeot region of Nunavut, comprising 7–10 diamond drill holes totaling approximately 5,000 metres. The program includes five to six step-outs for about 2,750 m at the Three Bluffs Shear Zone, two to three holes for roughly 1,000 m at the Raven prospect, and one to two holes for about 500 m at Burro West. Initial results are anticipated in September.
Drill resultsFury Intercepts 32.35m of 1.16% Li2O at the Ninaaskumuwin Discovery
A maiden five-hole, 825 metre drill program at the Ninaaskumuwin lithium discovery on the Elmer East project in the Eeyou Istchee James Bay region of Quebec returned 32.35m of 1.16% Li2O in EE24-003, including 6m of 2.34% Li2O, and 22.48m of 1.19% Li2O in EE24-002. Hole EE24-001 returned 22.9m of 0.79% Li2O. Spodumene-bearing pegmatite was intersected in three holes, with mineralization confirmed to 150 m below surface and open along strike and at depth.
Drill resultsFury Announces Results of Annual General Meeting of Shareholders
All five director nominees listed in the May 12, 2025 management information circular — Forrester A. Clark, Brian Christie, Steve Cook, Michael Hoffman and Alison Sagateh (Saga) Williams — were elected at Fury Gold Mines' annual general meeting held June 26, 2025, with votes for ranging from 79.34% to 97.45%. Deloitte LLP was appointed auditor with 95.40% votes for. A total of 61,696,271 common shares, or 38.48% of outstanding shares, were present or represented by proxy.
CorporateFury Announces Closing of Financing
A private placement of 3,999,701 flow-through common shares at C$0.77 per share closed for gross proceeds of C$3,079,800. Agnico Eagle Mines exercised its participation right to acquire 440,000 common shares at C$0.67 each for C$294,800, bringing aggregate gross proceeds to C$3,374,600, with those proceeds directed to the Committee Bay exploration program. One director of the company purchased 52,000 flow-through shares.
FinancingFury Finalizes Drill Targeting at its Newly Acquired Sakami Gold Project
A first-phase drill program of approximately 3,000–5,000 metres will begin in late June 2025 at the Sakami gold project in the Eeyou Istchee James Bay region of Quebec, targeting the undrilled Juliette target along a 23 km gold-bearing corridor and confirmation and step-out drilling at La Pointe and La Pointe Extension. Historical intercepts include 8.70 g/t gold over 7.0 m and 3.89 g/t over 14.90 m. At Éléonore South, 12 holes totalling about 4,930 m returned low-grade gold in four holes.
Drill resultsFury Upsizes Financing to C$3.08 Million
A previously announced private placement has been increased from C$2,500,000 to C$3,080,000, comprising 4,000,000 flow-through common shares at C$0.77 per share, placed with accredited and institutional investors in Canada. The size could rise by up to approximately 15.4% if a strategic investor exercises pre-emptive participation rights disclosed May 27, 2025. Closing is expected on or about June 19, 2025, subject to subscription agreements and TSX and NYSE American approvals.
FinancingFury Announces Filing and Mailing of the Management Information Circular in Connection with its Annual Meeting of Shareholders
The management information circular for Fury Gold Mines' annual shareholder meeting has been filed on SEDAR+ and posted to the company's website, with mailing to shareholders completed. The meeting will be held Thursday, June 26, 2025, at 11:00 a.m. Toronto time in a virtual-only format, covering the election of directors and appointment of auditors. The Board unanimously recommends shareholders vote FOR all resolutions; Laurel Hill Advisory Group is acting as proxy solicitation agent.
CorporateFury Announces C$2.5 Million Financing
A non-brokered private placement of up to 3,246,753 flow-through common shares at C$0.77 per share for gross proceeds of C$2,500,000 is planned with accredited and institutional investors in Canada. Proceeds will fund Canadian exploration expenses at Fury Gold Mines' projects in Québec and Nunavut, renounced effective no later than December 31, 2025 and incurred by December 31, 2026. Closing is expected on or about June 19, 2025, with finder's fees of up to 6% payable.
FinancingFury Announces 2025 Exploration Plans at Committee Bay
A 7 to 10 hole diamond drill program totaling approximately 5,000 metres will begin in early July 2025 at the Committee Bay project in the eastern Kitikmeot region of Nunavut. About 2,250 m will test five to six 100–200 m step-outs from 2021 hole 21TB152 at the Three Bluffs Shear Zone, which returned 10.0 m of 13.93 g/t gold; three to four holes totaling roughly 2,000 m will test the Raven prospect; and two to three holes for about 750 m will test Burro West.
Drill resultsFury Announces C$4.3M Strategic Investment
Agnico Eagle Mines has subscribed for 6,728,000 units at C$0.64 per unit in a non-brokered private placement for gross proceeds of C$4,305,920, with each unit comprising one share and one warrant exercisable at C$0.80 for 36 months from May 26, 2025, subject to accelerated expiry after 24 months. The investment raises Agnico's basic ownership to 6.3% and its ownership interest to 9.9% partially diluted, and grants it one board nomination right and participation rights. C$3.9 million is allocated to the 2025 exploration program at the Committee Bay project in Nunavut's Kitikmeot Region.
FinancingFury Gold Mines Completes Acquisition of Quebec Precious Metals Corporation
The acquisition of all issued and outstanding shares of Québec Precious Metals Corporation has closed under a court-approved plan of arrangement, with former QPM shareholders receiving 0.0741 of a Fury share per QPM share and Fury issuing 8,394,137 shares. The transaction adds the Sakami, Elmer East and Kipawa projects, bringing Fury's Québec gold and critical minerals portfolio to over 157,000 hectares. QPM shares are expected to be delisted from the TSX Venture Exchange on or about April 30, 2025.
AcquisitionQuebec Precious Metals Announces Shareholder Approval of Arrangement with Fury Gold
QPM shareholders approved the plan of arrangement under which Fury Gold will acquire all outstanding QPM shares in exchange for 0.0741 of a Fury Gold share per QPM share, implying C$0.04 per QPM share based on 20-day VWAPs as of February 25, 2025. Of votes cast, 88.72% were in favour (88.77% on a minority-approval basis), with holders of 50,449,020 shares, or 48.67%, represented. A final order hearing is set for April 25, 2025, with closing expected on or about April 28, 2025 and QPM shares to be delisted from the TSXV and Frankfurt Stock Exchange.
AcquisitionFury Gold Mines and Quebec Precious Metals Update Merger Process
Fury Gold Mines' acquisition of Quebec Precious Metals is on schedule for completion prior to April 30, 2025, following the February 26, 2025 arrangement agreement. QPM has obtained a no-objection letter from Corporations Canada and an interim order from the Quebec Superior Court for a shareholder meeting set for April 22, 2025, while Fury has conditional TSX and NYSE American approval. Fury expects a non-cash impairment charge effective December 31, 2024, and director Isabelle Cadieux has resigned.
AcquisitionFury Gold Mines Limited to Acquire Quebec Precious Metals Corporation
Fury Gold Mines has entered an arrangement agreement dated February 25, 2025 to acquire all outstanding shares of Quebec Precious Metals Corporation, with QPM holders receiving 0.0741 Fury shares per QPM share, implying C$0.04 per QPM share and a premium of approximately 33% based on February 25, 2025 closing prices. Existing Fury and QPM shareholders would hold about 95% and 5% of the combined company, which would consolidate over 157,000 hectares in Quebec. Completion is anticipated by the end of April 2025.
AcquisitionFury Commences 2025 Drilling Program at the Éléonore South Gold Project
A drill has been mobilized to the Éléonore South gold project in the Eeyou Istchee Territory, James Bay region, Northern Quebec. The fully funded first phase will comprise approximately 4,000–6,000 metres targeting an interpreted fold nose within the Low Formation sediments, where six undrilled priority targets span over 3 km of strike length. About 15 of the 77 permitted drill holes are planned in this phase, with further drilling guided by results.
Drill results
202422 releases
Fury Highlights 2024 Milestones and Provides Outlook for the Year Ahead
A 2024 review cites the acquisition of Newmont's 49.978% interest in the Éléonore South project, Quebec, for C$3 million plus Newmont's 30 million Sirios shares for C$1.3 million, and an updated Eau Claire resource of 1.16Moz Au at 5.64 g/t Measured and Indicated plus 723koz at 4.13 g/t Inferred. Drilling at the Serendipity Prospect intercepted 12.16 g/t gold over 3.0 m. Year-end treasury is C$5 million plus 51 million Dolly Varden Silver shares. A 3,000–5,000 m drill program at Éléonore South is planned for 2025, funded by C$2.5 million in flow-through.
CorporateFury Finalizes Six Éléonore Style Drill Targets at the Éléonore South Gold Project
Six priority drill targets have been defined across over 3 km of folded sedimentary stratigraphy at the Éléonore South gold project in the Eeyou Istchee James Bay region of Quebec, following a biogeochemical survey of 2,106 samples over a 4.2 x 1.9 km area. The targets show gold anomalies above the 90th percentile with associated arsenic. Fury plans to mobilize crews in Q1 2025 for a fully funded 3,000–5,000 metre diamond drilling program.
Drill resultsFury Completes 2024 Exploration Program at Committee Bay; Defines 3 Drill Ready Shear Zone Hosted Targets
The 2024 exploration program at the Committee Bay project in Nunavut's eastern Kitikmeot region has been completed, with 546 infill till samples from the Burro West and Aarluk East grids and 69 rock samples from five targets collected. Three targets are now drill ready: Three Bluffs Shear, where 2021 drilling intercepted 13.93 g/t Au over 10 m; Raven Shear, where 7 rock samples averaged 16.12 g/t gold; and Burro West, a 300 by 300 m gold-in-till anomaly peaking at 50 ppb gold.
Drill resultsFury Samples High-Grade Lithium from Outcrop at Éléonore South
Rock sampling on the western claim block of the 100%-owned Éléonore South gold project in the Eeyou Istchee James Bay region of Quebec returned lithium values from lepidolite- and spodumene-bearing pegmatite outcrops, with seven of 34 samples above 1.75% Li2O and a peak of 4.67% Li2O. The sampling targeted the historical Fliszar showing and new exposures over an area of roughly 1000 x 500 metres. Further systematic exploration is planned to define the block's lithium potential.
Drill resultsFury Intercepts 12.16 g/t Gold Over 3 Metres at Serendipity
Drilling at the Serendipity Prospect on the wholly owned Eau Claire project in the Eeyou Istchee James Bay region of Quebec returned 12.16 g/t gold over 3.0 m in hole 24SD-009 and 5.27 g/t gold over 1.0 m in hole 24SD-002, intercepts separated by over 2 km. The 2024 program totalled 3,871 metres in 10 holes across five targets. Follow-up drilling at Serendipity is being planned for 2025.
Drill resultsFury Announces Filing of NI 43-101 Technical Report for Increased Mineral Resource Estimate at Eau Claire
An NI 43-101 technical report supporting the updated mineral resource estimate for the 100%-owned Eau Claire project in the Eeyou Istchee James Bay region of Quebec has been filed on SEDAR+, dated June 25, 2024 with an effective date of May 10, 2024. The update adds 307koz Au in the Measured and Indicated category, a 36.0% increase, and 223koz Au in the Inferred category, a 44.6% increase. There are no material differences from the results disclosed May 14, 2024.
Resource updateFury Announces Results of Annual General Meeting of Shareholders
All six director nominees — Forrester A. Clark, Steve Cook, Michael Hoffman, Alison Sagateh (Saga) Williams, Brian Christie and Isabelle Cadieux — were elected at Fury Gold Mines' annual general meeting held June 26, 2024, with support ranging from 98.14% to 99.45% of votes cast. Deloitte LLP was appointed auditor with 99.51% of votes for. A total of 43,707,728 common shares, or 29.92% of outstanding shares, were represented at the meeting.
CorporateFury Mobilizes Drill to the Serendipity Prospect at Eau Claire
A drill has been mobilized to the greenfield Serendipity Prospect at the wholly owned Eau Claire project in the Eeyou Istchee Territory, James Bay region of Quebec, where approximately 3,500 m of diamond drilling will test three of 10 geochemical targets over about 2 km of strike along the Hashimoto Deformation Zone. Serendipity lies 16 km northeast of the Eau Claire deposit and 6.5 km north northeast of Percival. Historical drilling nearby intercepted 7.9 m of 1.23 g/t gold, 12.1 m of 1.38 g/t gold and 1.5 m of 4.27 g/t gold.
Drill resultsFury Announces Closing of C$5 Million Financing
A brokered private placement of 5,320,000 flow-through common shares at C$0.94 per share has closed, raising gross proceeds of C$5,000,800. The syndicate was led by Haywood Securities Inc. and included BMO Capital Markets, H.C. Wainwright & Co., LLC and Echelon Wealth Partners Inc., which received compensation equal to 6.0% of gross proceeds. Proceeds will fund Canadian exploration expenses in Québec, including the Eau Claire and Éléonore South projects, on or before December 31, 2025.
FinancingFury Drills 137.5 Metres of 0.44 g/t Gold at Éléonore South and Announces Summer 2024 Exploration Plans at the Project
Spring 2024 diamond drilling at the 100%-owned Éléonore South gold project in the Eeyou Istchee James Bay region of Quebec totalled 2,331.4 metres in seven holes over 2.3 kilometres of strike along the JT–Moni Trend, with all seven holes intercepting anomalous gold. Results include 137.5 m of 0.44 g/t gold and 18.7 m of 0.97 g/t in hole 24ES-161, 115.5 m of 0.50 g/t in 24ES-162, and 28.0 m of 0.47 g/t in 24ES-160. Fury plans to complete a biogeochemical sampling grid this summer to finalize drill targets.
Drill resultsFury Announces C$5 Million Financing
An agreement with Haywood Securities Inc. and a syndicate of agents provides for the sale, on a commercially reasonable efforts basis, of up to 5,320,000 flow-through common shares at C$0.94 per share on a charitable flow-through basis for gross proceeds of C$5,000,800. Agents hold an over-allotment option for up to 798,000 additional FT Shares at the same price. Proceeds will fund Canadian exploration expenses at the Eau Claire and Éléonore South projects; closing is scheduled on or about June 13, 2024.
FinancingFury Updates Mineral Resources at Eau Claire, Increasing Measured and Indicated Gold Ounces By 36%, And Inferred Gold Ounces by 45%
An updated mineral resource estimate for the Eau Claire project in the Eeyou Istchee James Bay region of Quebec reports 1.16 Moz gold at 5.64 g/t Au in the Measured and Indicated category and 723 koz at 4.13 g/t Au Inferred, an addition of 307 koz (36.0%) Measured and Indicated and 223 koz (44.6%) Inferred. This includes a maiden estimate at the Percival deposit, 14 km east, of 211 koz Au Inferred at 2.34 g/t Au. Effective date is May 10, 2024, with the NI 43-101 report to be filed within 45 days.
Resource updateFury to Commence Drilling at Éléonore South Gold Project
A roughly 2,000 metre diamond core drilling program will begin in early April 2024 at the 100%-owned Éléonore South gold project in the Eeyou Istchee James Bay region of Quebec, targeting the Moni showing trend. Previous drilling there returned intercepts including 53.25 m of 4.22 g/t gold, 6.0 m of 49.50 g/t gold including 1.0 m of 294 g/t, and 23.8 m of 3.08 g/t gold. A biogeochemical grid will be completed in late spring.
Drill resultsFury Completes Sale of Dolly Varden Shares
The sale of 5,450,000 Dolly Varden Silver Corp. common shares has closed at C$0.735 per share to institutional investors arranged by Haywood Securities Inc., for gross proceeds of C$4,005,750. Net proceeds will fund exploration at the Eau Claire and Éléonore South projects in Quebec and general working capital. Fury retains 54,054,590 Dolly Varden shares, about 19.99%, falling to roughly 18.99% after Dolly Varden's bought deal offering expected to close March 21, 2024.
AcquisitionFury Extends Percival Mineralization 115 Metres to the West
Results from the final five 2023 drill holes at the Percival Prospect, 14 km east of the Eau Claire deposit in the Eeyou Istchee James Bay region of Quebec, included hole 23KP-016, a 115 m western step out, returning 15.0 m of 0.88 g/t Au including 3.0 m of 2.81 g/t Au. Hole 23KP-014 cut 18.0 m of 0.50 g/t Au and 23KP-013 returned 14.50 m of 1.05 g/t Au including 1.0 m of 10.70 g/t Au. Holes 23KP-017 and 23KP-018 returned narrow low-grade results and no further work is planned there. Fury expects a 2024 exploration plan and an Eau Claire resource update by mid-April.
Drill resultsFury Enters into Agreement to Place Shares of Dolly Varden Silver Corp. With Institutional Investors
Haywood Securities Inc. has been engaged as exclusive agent to sell up to 5,450,000 Dolly Varden Silver Corp. common shares at C$0.735 each for gross proceeds of up to C$4,005,750 through private, off-market transactions, with closing anticipated on or about March 14, 2024. The agent receives a cash fee of 4.5% of gross proceeds. Net proceeds will fund exploration at the Eau Claire and Éléonore South projects in Quebec and general working capital. Fury's Dolly Varden holding would fall from 22.0% to 19.99%.
FinancingFury Identifies Éléonore Style Target at Éléonore South Gold Project
A biogeochemical survey at the Éléonore South gold project in the Eeyou Istchee Territory, James Bay region of Quebec, identified a gold anomaly up to 200x background value, and arsenic nearly 20x background, within the Low Formation sedimentary package that hosts Newmont's Éléonore Mine. A total of 641 samples were collected at 25 metre intervals along six survey lines covering 4.5 by 2.0 kilometres. Fury plans to complete the sampling program in early summer 2024 to define drill targets later in 2024.
Drill resultsFury Completes Consolidation of Interests at Éléonore South Gold Project
Fury Gold Mines has closed its purchase of Newmont Corporation's 49.978% interest in the Éléonore South gold project in Quebec, together with Newmont's 30,392,372 shares of Sirios Resources Inc. The Sirios shares represent 10.9% of Sirios' issued shares and were acquired for investment purposes, with Fury to file an Early Warning Report on SEDAR+. Fury said it will announce its Quebec exploration program in the coming months.
AcquisitionFury Consolidates Interests at Éléonore South Gold Project to 100%
Fury Gold Mines has agreed to purchase Newmont's 49.978% interest in the Éléonore South gold project in Quebec for C$3M, consolidating its ownership to 100%. Fury will also acquire Newmont's 30,392,372 shares of Sirios Resources Inc. for C$1.3M for investment purposes. Completion is subject to certain conditions precedent and is expected to close in late February or early March 2024. Historical drilling at the JT and Moni prospects intercepted 53.25 m of 4.22 g/t gold, 6.0 m of 49.50 g/t gold and 23.8 m of 3.08 g/t gold.
AcquisitionFury Intercepts 17.62 g/t Gold over 3.5 Metres Shallow at theHinge Target
Final results from the 12,000 metre 2023 drill program at the Hinge Target, part of the Eau Claire gold project in the Eeyou Istchee James Bay region of Quebec, returned 17.62 g/t gold over 3.50 m (including 29.80 g/t over 2.00 m) and 22.20 g/t over 0.50 m in hole 23EC-082, 3.35 g/t over 8.50 m in 23EC-079, and 5.49 g/t over 3.50 m in 23EC-078. The results will feed an updated mineral resource estimate now underway; five holes from the Percival Prospect remain pending.
Drill resultsFury Intercepts 31.77 g/t gold and 8.07g/t Tellurium over 3.5Metres at the Hinge Target
Drilling at the Hinge Target, part of the Eau Claire gold project in the Eeyou Istchee James Bay region of Quebec, returned 31.77 g/t gold and 8.07 g/t tellurium over 3.50 metres in hole 23EC-077, 65.30 g/t gold over 0.50 m and 14.25 g/t gold over 1.00 m in 23EC-074, 2.56 g/t gold over 7.50 m in 23EC-068, and 3.41 g/t gold over 6.50 m in 23EC-075. Results from five further Hinge holes are pending, with an Eau Claire resource update expected end of Q1 or early Q2.
Drill resultsFury Reviews 2023 Achievements and Appoints CFO
Phil van Staden, previously Interim CFO, was appointed Chief Financial Officer effective January 1, 2024, having joined Fury in 2020. The company also recapped 2023, including an 18,800m drill program at Eau Claire in Québec that exceeded the planned 15,000m and came in roughly C$1 million under budget, an intercept of 279 g/t gold over 1.5 m at Percival Main, a C$8.75 million bought deal private placement, and the appointments of directors Brian Christie and Isabelle Cadieux. Fury ended 2023 with C$7.3 million in cash, no debt and C$52.8 million in publicly traded securities.
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