Fury Gold (TSX:FURY) (NYSE-A:FURY) Drills Multiple Zones of High-Grade Gold at the Hinge Target: Extending Mineralization 330 metres to the West at Eau Claire. Quebec. Each drill hole completed in 2022 intercepted quartz tourmaline veining with associated alteration and included 1.43m of 4.43 g/t Au from hole 22EC-043 and 1.25m of 4.6 g/t Au from 22EC-045.
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Fury Gold Mines Limited (TSX:FURY) (NYSE-A:FURY) is exploring for high grade gold in Canada.
The company, actively drilling multiple robust exploration projects in Quebec, has provided results for seven core drill holes at the Eau Claire project located in the Eeyou Istchee Territory in the James Bay region of Quebec.
The goal of the initial drill program was to identify zones of highest fluid flow represented by alteration and vein density within the broader hinge target.
The 2022 exploration drilling program continues to demonstrate the potential to significantly expand the deposit to the west at the Hinge Target.
Drill holes 22EC-046, 22EC-047 and 22EC-048 targeted a 150 to 200 metre extension of the intercept of 3.0m of 9.36 g/t Au from drill hole 21EC-041.
All three drill holes intercepted multiple zones of gold mineralization, with hole 22EC-048 exhibiting four zones of high grade and broad widths of more moderate grade, including 3.50m of 4.79 g/t gold, 1.00m of 14.19 g/t gold, 3.50m of 5.86 g/t gold, 1.00m of 20.6 g/t gold and 17.50m of 1.29 g/t Au.
Drill holes 22EC-047 and 22EC-048 intercepted mineralization associated with both the shallow 850 and deeper 450 zones that make up the Eau Claire resource.
Drilling to date has tested a total of approximately 300m of the plunging anticline which is interpreted to extend a minimum of one km to the west.
Mineralization associated with the 850 zone has been extended with seven zones of gold mineralization intercepted in two of the drill holes including 1.00m of 14.19 g/t gold, 3.50m of 4.79 g/t gold from 22EC-048 and 8.00m of 1.81 g/t Au from 22EC-047.
The initial 2022 eastern expansion drill program was designed to test for shallow mineralization up plunge of the significant high-grade results from limited 2021 drilling where hole 21EC-022 reported 23.27 g/t Au over 7.09m and hole 20EC-005 reported 11.56 g/t Au over 6.04m.
Each drill hole completed in 2022 intercepted quartz tourmaline veining with associated alteration and included 1.43m of 4.43 g/t Au from hole 22EC-043 and 1.25m of 4.6 g/t Au from 22EC-045.
Tim Clark, CEO, stated: "The recent holes represent Fury's best exploration drilling result to date at Eau Claire and are exactly what we were hoping to see at the Hinge Target. The drill results confirm our belief that the Hinge is open for considerable growth which could impact our ounces significantly. We are halfway through our 2022 drilling program and are very excited about the pending assay results still to come. In the following weeks and months, Fury will have a steady news flow with additional drill results from the Hinge, North Limb, and Percival Prospect. The Company is well positioned with our exploration strategy, our team in the field, and our ability to continue to leverage a strong treasury."
Bryan Atkinson, Senior VP, Exploration, added: "The Hinge Target is taking shape with an over 20% plus increase to the mineralized footprint of the Eau Claire deposit to the west with a lot of open space yet to explore both to the west and to the east. As we have started to gain a better understanding of the geometry of the Hinge Target and narrow in on the sweet spot of gold mineralization, we are planning continued aggressive drilling."
The company is awaiting assay results from one hole at the Hinge, three holes at the North Limb, and two holes from the parallel fold hinge 500 metres to the east of the Percival Prospect.
With a strong balance sheet consisting of approximately $12 million in cash and 76.5 million shares of Dolly Varden Silver, its shares are currently trading at $0.60.
For more information please visit the company’s website, www.FuryGoldMines.com, contact Margaux Villalpando, Investor Relations, at 844-601-0841 or by email info@FuryGoldMines.com.
