Key facts
| Company | Fury Gold Mines Limited (TSX: FURY) |
|---|---|
| Commodity | Gold |
| Location | Canada |
| Stage | Early exploration |
About Eau Claire
Fury owns a 100% interest in the high-grade gold Eau Claire project, which is situated on over 24,000 hectares in the mining friendly Eeyou-Istchee/James Bay region of Quebec. Eau Claire is one of five known deposits in the region with the largest of these, the Newmont-owned Éléonore mine, located 57 kilometres (km) north of the Eau Claire project.
News releases20 on file
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 mi
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
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
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
Drill resultsFury 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 m
CorporateFury 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 a
Resource updateFury 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 north
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 Qué
FinancingFury 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 explor
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
Resource updateFury 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% af
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-
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 So
FinancingFury 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
Corporate